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
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
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
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
Federal Reserve Chairman Jerome Powell said the he does not see the Fed using negative interest rates in the future.The Fedread more
On Instagram and other social media sites, health misinformation is rampant. Companies have only recently begun to take steps to clamp down on this kind of content.Technologyread more
Steve Dowling, the head of Apple's public relations department, announced he will be leaving this week.Technologyread more
Tracy Britt Cool is leaving the firm after a decade to start a company that replicates Warren Buffett's business model, the Wall Street Journal reported.Marketsread more
LONDON, Aug 26 (Reuters) - British shale gas exploration firm Cuadrilla said another earth tremor occurred on Monday near its fracking site in northwest England, bigger than a 2011 quake which suspended operations at the site for seven years.
It is the third earth tremor in a week at the Preston New Road site in Lancashire, where activities only resumed on Aug. 15 after Cuadrilla secured all required permits following several stoppages last year because of minor seismic events.
"We're aware of a seismic event at 8.30am (0730 GMT). We can confirm that no hydraulic fracturing was being carried out at the time and none has been carried out over the weekend. We are investigating alongside regulators," Cuadrilla said in a statement.
The British Geological Survey said that Monday's induced seismicity event had a magnitude of 2.9 ML (local magnitude) on the Richter scale, bigger than the 2.3 ML quake in 2011 at Britain's only active fracking site.
Under Britain's traffic light regulation system, work is immediately suspended if seismic activity of magnitude 0.5 or above is detected.
Fracking, or hydraulically fracturing, involves extracting gas from rocks by breaking them up with water and chemicals at high pressure.
It is fiercely opposed by environmentalists who say extracting more fossil fuel is at odds with Britain's commitment to reduce greenhouse gas emissions. (Reporting by Alistair Smout; editing by Emelia Sithole-Matarise)