An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
One of music's biggest stars, Taylor Swift, has inked a deal with one of telecommunication's biggest brands, AT&T.
The partnership will allow AT&T and Swift to participate in a variety of events together, including the singer headlining the AT&T DirecTV Super Saturday Night in Houston, Texas, on Feb. 4, 2017. Swift will perform in a venue specifically made for her performance the day before Super Bowl LI will be held in the city's NRG Stadium. Tickets for the concert will be made available through AT&T promotions and contests.
Taylor will only be performing the day before: The featured halftime act is Lady Gaga.
In addition, video content and clips from the concert will be made available for U-verse and DirecTV customers at a later date. Terms of the deal were not disclosed.
"We're thrilled to reach a deal to bring Taylor and her unique talents to her fans and our customers in new and exclusive ways," John Stankey, CEO of AT&T Entertainment Group, said in a release. "And we've thrilled attendees during the Big Game weekend for the last 11 years with A-list parties and the hottest performing music artists around, so 2017 will be our very best. We're excited to get event tickets into the hands of Taylor's fans and exclusive content from the event to our customers and celebrate the combination of one of the world's biggest artists with one of the world's biggest sporting events."
Swift's concert could provide valuable spotlight time for AT&T during next year's Super Bowl, one of the year's biggest advertising events. Many brands including Visa have been opting to create experiences in Super Bowl host cities to get the buzz from the big game without having to buy a traditional Super Bowl ad. Last year, a Super Bowl 30-second spot went for up to $5 million.
The concert and subsequent Swift events could also provide AT&T with original videos that might provide for lucrative advertising opportunities. Sources have said that the telecommunications company is in the market for a media company in order to own content to advertise against. It's been bolstering up original video through smaller companies like entertainment company Fullscreen, which is owned by The Chernin Group-AT&T joint venture company The Otter Group. It also has a slate of original shows through DirecTV, including the Dan Patrick and Rich Eisen shows, as well as its flagship series "Kingdom."