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
The deal to combine the No. 3 and No. 4 U.S. wireless carriers, struck in April, was approved by both companies' shareholders in October and has received national security clearance, but still needs approval from the Department of Justice and the Federal Communications Commission.
Representative Mike Doyle, who chairs the House of Representatives Energy and Commerce Committee panel holding the hearing, raised worries about the deal because the U.S. wireless market has just four main carriers. The industry leaders are AT&T and Verizon.
"It's hard to think of one (deal) where consolidation did not result in people losing their jobs, prices going up and innovation being stifled," Doyle said.
Representative Billy Long, a Republican, expressed concern about lost jobs in his Missouri district. Representative Dave Loebsack, a Democrat, pointed to job losses in Iowa after T-Mobile's acquisition of Iowa Wireless last year and said T-Mobile's plan to buy Sprint made him "very concerned" about potential negative effects on Iowa.
Representative Frank Pallone, a Democrat, said T-Mobile had sent call center jobs overseas in 2012 and asked for legally enforceable assurances that the new jobs touted by T-Mobile US Chief Executive John Legere would not be sent offshore once the deal wins approval.
Legere defended the $26 billion deal, arguing that it will create jobs and help with the construction of the next generation of wireless networks. He said the merged company would have more capacity which would lead to a push to lower prices.
"This is a unique merger in that there will be a significant increase in supply," Legere said. To win support for the deal, T-Mobile previously said it would not increase prices for three years.
Legere was not without supporters. Representatives Anna Eshoo, a Democrat, and Steve Scalise, a Republican, asked questions that indicated support for the deal.
In prepared remarks released on Tuesday, Legere pointed to the company's history of aggressive pricing, said it would need 11,000 new employees by 2024 and pledged to compete hard on building the next generation of wireless, called 5G.
He also pledged to create 5G without using networking equipment from Huawei or ZTE, two Chinese telecommunications firms distrusted by U.S. national security experts.
T-Mobile has run into criticism from unions and consumer advocates, but rural operators have been the fiercest opponents.
Carri Bennet, general counsel at the Rural Wireless Association, said the merger "will force rural Americans to pay more money for wireless services," especially if they contract with a mobile virtual network operator who buys wholesale access to Sprint's network and re-sells it.
She said that Sprint is the only one of the four national carriers that offers anything approximating commercially reasonable roaming rates to rural carriers. "It (the merger) should be denied," she said.
Communications Workers of America President Chris Shelton told the committee the deal would "kill American jobs, lower wages, and raise prices."
Consumer advocates have said that the poorest wireless customers were likely to be disproportionately hurt by the deal since Sprint and T-Mobile have a big market share in prepaid plans.
A group of eight Democratic U.S. senators and independent Senator Bernie Sanders urged the Justice Department and FCC on Tuesday to reject the deal, saying monthly bills could rise as much as 10 percent.
Lawmakers who signed the letter include potential or confirmed presidential candidates Sanders, Amy Klobuchar, Sherrod Brown, Kirsten Gillibrand, Elizabeth Warren and Cory Booker.
Sprint shares were up 0.2 percent in midday trade while T-Mobile shares fell 0.7 percent.