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
Alphabet's Wing Aviation unit on Tuesday got the okay to start delivering goods by drone in Virginia later this year, making the sister unit of search engine Google the first company to get U.S. air carrier certification, the Federal Aviation Administration said.
This means Wing can begin a commercial service delivering goods from local businesses to homes, which includes flights beyond visual line of site and over people, the FAA and Wing said. Wing Aviation plans to start commercial package delivery in Blacksburg, Virginia, later this year.
Wing partnered with the Mid-Atlantic Aviation Partnership and Virginia Tech as one of the participants in the Transportation Departments Unmanned Aircraft Systems Integration Pilot Program.
"This is an important step forward for the safe testing and integration of drones into our economy. Safety continues to be our Number One priority as this technology continues to develop and realize its full potential, said U.S. Transportation Secretary Elaine Chao.
The certification is good for two years, the FAA said. One pilot can operate up to five drones at once and only during the day. Drones cannot carry hazardous materials or hover over people, the FAA said.
The FAA said Wing demonstrated that its operations met the agency's safety requirements, based on extensive data and documentation, as well as thousands of safe flights conducted in Australia. Wing plans to reach out to the local community before it begins a food delivery trial in order to gather feedback, the FAA said.
Wing has recently begun commercial air delivery service in the north of Canberra, Australia, and is also about to begin its first trial in Europe, delivering to homes in Helsinki, Finland.
Wing said its data shows a lower risk to pedestrians from drone deliveries than the same trip made by car.
In May 2018, Chao announced approval for 10 projects to help assess how to regulate drones and integrate them safely into U.S. air space. The United States has lagged other countries in experimentation with drones, something the program hopes to correct.
In January, the FAA proposed rules that would allow drones to operate over populated areas and end a requirement for special permits for night use. The FAA is also considering moving ahead with additional rules in response to public safety and national security concerns as it works to integrate drones with airplane traffic.