The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
It's a bird, it's a plane ... no, it's a flying burrito.
Chipotle and Google parent Alphabet's Project Wing are launching a pilot program that will deliver burritos via drones to starving Virginia Tech students in Blacksburg, VA. Bloomberg's Alan Levin was first to uncover the story.
"It's the first time that we're actually out there delivering stuff to people who want that stuff," Dave Vos, who heads Project Wing, told Bloomberg.
The experimental service — the most comprehensive test yet of what companies like Amazon and Walmart hope will become normal delivery protocol — has the full approval of the Federal Aviation Administration.
For students, it's surely a worthy endeavor, but safety must not be compromised in the process. Thus the the burrito-bearing drones, described as "self-guided hybrids that can fly like a plane or hover like a helicopter," will have actual human pilots standing by to take over in the event of an emergency situation, and to comply with FAA rules. The drones will hover in the air and deliver their cargo using a winch, according to Bloomberg.
It's actually part of a very serious effort on the part of Virginia Tech to become a leader in new transportation technology, school President Timothy Sands told Bloomberg.
"It sounds simple, but it's not," Sands said. "There are a lot of things to work out from a safety point of view and a policy point of view," he told Bloomberg.