The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sector this year, spiked on Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
Walmart said Monday it's relaunching the once-beloved trendy New York fashion brand, Scoop NYC, on its website nationwide and in select stores.Retailread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
(Fixes paragraph 2 to read T-Mobile Workers United not T-Mobile United and Communications Workers of America not Communication Workers of America)
WASHINGTON, Sept 4 (Reuters) - T-Mobile US retail employees and technicians delivered a letter late Tuesday for Deutsche Telekom CEO Tim Hoettges, seeking assurances that their jobs and paychecks will be safe if the wireless carrier is allowed to merge with Sprint, its smaller rival.
T-Mobile Workers United, with about 500 members and backed by the Communications Workers of America and the German union ver.di, urged Hoettges to "make solid and verifiable" assurances that jobs will be safe, paychecks will not shrink and management will not interfere in union activities.
Deutsche Telekom, which owns 63% of T-Mobile, did not immediately reply to a request for comment.
The letter was given to a board member meeting with union members in Seattle late Tuesday. The board member was to give it to Hoettges.
T-Mobile's deal to buy Sprint for $26 billion faces a court challenge from 15 states and the District of Columbia who argue that the planned merger will mean higher prices for consumers. The trial is set for December 9.
The Justice Department signed off on the merger while the Federal Communications Commission has indicated it plans to approve it, and has begun the process of formally doing so. (Reporting by Diane Bartz Editing by Nick Zieminski)