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
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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
Snapchat is working on an initial public offering that could value it at $25 billion or more, according to the Wall Street Journal, citing sources.
Snapchat's parent company Snap's IPO could take place as early as late March, the report said.
A Snapchat spokesman declined to comment, saying the company does not discuss rumors or speculation about its financing.
The report said there is no guarantee the virtual messaging company, known for users sending disappearing messages on their smartphones, will go through with a share sale on that time frame or what the valuation may be. In May, Snap was valued at $17.8 billion in its last funding round.
This year, Snapchat is expected to generate about $367 million in worldwide ad revenue and have 58.6 million users in the U.S., according to eMarketer.
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