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
The governor of Virginia told CNBC on Wednesday that he regrets the way his administration handled a scandal over a blackface photograph from the 1980s.
"The occurrences in February hurt Virginians, confused Virginians. I regret that. We didn't handle it as well as we should have," Democratic Gov. Ralph Northam said in a "Squawk Box" interview. "I have traveled around Virginia. I have listened and learned a lot. I still have a lot to learn, but the more I know the more I can do."
Northam resisted calls for his resignation after a racist photo from his 1984 medical school yearbook surfaced earlier this year. The photo showed one person in a Ku Klux Klan robe and hood and another person in blackface. Northam originally apologized before saying that neither person in the photo was him.
Both of Northam's potential successors were also embroiled in scandal at the same time the governor was under fire. A college professor accused Lt. Gov. Justin Fairfax of forcing her to perform oral sex on him at a hotel in 2004, and Attorney General Mark Herring admitted to using blackface in the 1980s.
Northam pledged to devote the rest of his time as governor to addressing racial inequality, citing an executive order aimed at boosting women and minority-owned small businesses. As another example, he talked about the new law reinstating drivers' licenses suspended for outstanding fines. Back in April, he said, "This inequitable policy criminalizes poverty."
"There are a number of inequities in our society, to include access to health care, access to education, access to the business environment, access to the voting booth, so we are really focusing on those inequities and our cabinet members are addressing those," said Northam on Wednesday morning, shortly after Virginia was named CNBC's Top State for Business in 2019. It was the first time since 2011 that Virginia took the top spot.
Northam said he wants to ensure that Virginia remains a great place to work and to raise a family. "I want to let this country know, and certainly Virginians know, that we are an inclusive state."