The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle, Washington. While there, he's scheduled to meet with Boeing executives and...Airlinesread more
CBS, CNN and other major media companies are starting to pull e-cigarette advertising off their airways, as the death toll from a mysterious vaping-related illness continues...Health and Scienceread more
Investors largely expected the FOMC to cut rates by a quarter point.The Fedread more
As the Fed was meeting to consider cutting interest rates, it lost control of the very benchmark rate that it manages.Market Insiderread more
For the past six years, Facebook has tried over and over to release a hardware product that consumers will want, and it has never succeeded.Technologyread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Fed cut interest rates by a quarter point, but it also reaffirmed its rate cut was meant to serve as insurance for the economy.Market Insiderread more
President Barack Obama spoke at an event in San Francisco on Wednesday hosted by software company Splunk and addressed how tech can help solve problems.Technologyread more
Disney CEO Bob Iger writes in his autobiography that he believes he would have discussed combining Disney with Apple had Steve Jobs lived.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread more
Microsoft shares rose 1% after hours as it announced plans to raise its dividend and authorized as much as $40 billion to buy back shares.Technologyread more
U.S. housing starts rose more than expected in December as groundbreaking for single-family homes hit its highest level in more than 6-1/2 years, in a hopeful sign for the sluggish housing market recovery.
Starts increased 4.4 percent to a seasonally adjusted annual pace of 1.09 million units, the Commerce Department said on Wednesday.
November's starts were revised up to a 1.04 million-unit pace.
For all of 2014, groundbreaking increased 8.8 percent to 1.01 million units, the highest since 2007.
Economists polled by Reuters had forecast starts rising to a 1.04 million-unit pace from November's previously reported 1.03 million-unit rate.
Housing has lagged an acceleration in economic growth as tepid wage gains sideline first-time buyers from the market and force many young adults to stay at home with parents or share lodgings with relatives and friends.
Read MoreIs housing back?
The resulting weak household formation, in particular, has hurt residential construction. Higher house prices, mortgage rates and stringent lending practices by financial institutions have also been a constraint.
Single-family homes starts, the largest part of the market, jumped 7.2 percent to a 728,000-unit pace, the highest level since March 2008. Groundbreaking on single-family projects in the West hit a seven-year high, while starts in the Midwest were the highest since December 2011.
Groundbreaking in the volatile multi-family homes segment fell 0.8 percent to a 361,000-unit pace.
Permits for future home construction fell 1.9 percent to a 1.03 million-unit pace. Permits have been above a 1 million-unit pace since July.
Single-family permits rose 4.5 percent to their highest level since January 2008, while multi-family permits tumbled 11.8 percent.