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
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
General Motors ought to be careful not to award big bonuses to executives after announcing 14,000 job cuts, former Treasury Secretary Larry Summers said Wednesday.
"Is this the time GM should be giving big executive bonuses? No. If they are, it's deplorable," Summers told CNBC's "Power Lunch."
He added that GM should not rely on foreign workers to build cars, something labor leaders have feared will happen.
The largest American automaker said Monday it will halt production at several plants in the U.S. and Canada, and expects to cut 14,000 jobs.
The layoffs are unfortunate, but GM must stay competitive, Summers said.
"Obviously if GM developed better products and had done a better job, they wouldn't have to do this," he said. "That's something we can regret."