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 disease continues to...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
Goldman Sachs lowered its rating for Citigroup shares to neutral from buy, citing the prospect the company will miss its profitability goals.
"Despite investments in higher return businesses like credit cards, we do not see a path to a meaningful inflection without an improvement in the macro environment," analyst Richard Ramsden wrote in a note to clients Friday.
"Moreover, our new work suggests growth in higher return businesses and expense discipline will not be enough to take ROE [return on equity] all the way to its 10% ROE target."
Return on equity is a measure of profitability that shows how much profit a company makes versus the amount invested in shareholder equity.