The FAA administrator's comments come on the eve of his visit to Boeing facilities outside Seattle. While there, he's scheduled to meet with Boeing executives and be briefed...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
Investors bought bank stocks because there's a chance the Federal Reserve's interest rate cut may "put an end to this artificially inverted yield curve," Jim Cramer says.Mad Money with Jim Cramerread more
AT&T is considering selling DirecTV, according to a report in the Wall Street Journal.Technologyread more
The Facebook CEO will talk to policymakers "about future internet regulation," according to a spokesperson.Technologyread 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
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
Tesla sales in China should hit around 6,400 vehicles this quarter, but the Shanghai factory won't be able to manufacture Model 3s in volume until mid-2020, according to JL...Technologyread more
The decision to cut rates followed a monthslong pressure campaign by Trump, who often criticized Chairman Jerome Powell by name as he called for lower interest rates.Politicsread 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
Check out which companies are making headlines before the bell:
General Electric—GE's latest earnings report offered a handful of different earnings numbers, but 28 cents—which matches estimates—is the one that's comparable to analyst forecasts. Separately, GE offered concessions in its bid to win European approval for its proposed $13.5 billion acquisition of Alstom's power unit. The deal for the French company's power business would be GE's biggest-ever acquisition, but it's been running into antitrust concerns. GE did not provide details on exactly what concessions it offered.
SunTrust Banks—The bank earned an adjusted 86 cents per share for its latest quarter, 5 cents above estimates, with revenue also beating forecasts. The beat came despite a drop in the key profitability measure of net interest margin.
Honeywell—The industrial manufacturer beat estimates by 2 cents with quarterly profit of $1.51 per share. Revenue was slightly above forecasts, and the company also raised the low end of its 2015 guidance. Honeywell's results were helped by a drop in costs.
Google—The company reported adjusted quarterly profit of $6.99 per share, 29 cents above estimates, with revenue essentially in line. That comes despite a drop in ad prices and significant investments in existing and potential new businesses.
Mattel—Mattel surprised the Street with an adjusted quarterly profit of 1 cent per share, compared to consensus estimates of a loss of 4 cents per share. Revenue was slightly below forecasts for the toy maker, but investors appear pleased with new CEO Christopher Sinclair's turnaround efforts.
Schlumberger—Schlumberger earned an adjusted 88 cents per share for its latest quarter, 9 cents above estimates, and revenue also came in above Street forecasts. The oilfield services company benefited from reduced expenses, amid a drop in global drilling activity.
Advanced Micro Devices—AMD reported an adjusted quarterly loss of 17 cents per share, matching analyst estimates, but revenue came in below projections, and the chip maker's current quarter revenue forecast is below consensus estimates. AMD is feeling the impact of a continuing decline in personal computer demand.
Hertz Global—Hertz completed a multi-year restatement of its financials, with the auto rental giant trimming 2012 and 2013 profit by more than $50 million. At the same time, Hertz announced plans to cut costs as well as a $1 billion share buyback program.
J.M. Smucker—The food company increased its quarterly dividend to 67 cents per share from 64 cents. The 5 percent increase will be paid on September 1 to shareholders of record as of the close of business on August 14.
Ericsson—Ericsson reported a 20 percent drop in second quarter profit, even as the wireless equipment maker saw broadband market demand in North America stabilize.
Peabody Energy, Arch Coal—The two were sued by the coal industry's pension plan. The union wants the two to pick up nearly $800 million in pension liabilities of Patriot Coal, which filed for bankruptcy in May. Patriot was created from assets once owned by Peabody and Arch.
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