Snapchat owner working on IPO for 2017 that values company at $25B

Snap Inc., the parent company of the popular messaging application Snapchat, is working on an initial public stock offering for next spring that would value the company at about $25 billion, reports said Thursday.

Comcast to pay $2.3 million fine to FCC for billing practices

Comcast Corp. will pay the largest civil penalty levied against a cable operator in the history of the Federal Communications Commission for wrongfully charging customers for services, the agency announced Tuesday.