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
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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
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread 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
probe@ (New throughout, adds details, comments and reaction from companies)
WASHINGTON, Sept 13 (Reuters) - A U.S. House of Representatives panel on Friday demanded internal emails, detailed financial information and other company records from top executives of Amazon.com Inc., Facebook Inc, Apple Inc, and Alphabet Inc's Google, widening the antitrust probe of Big Tech.
The letters seek by Oct. 14 internal emails over the last decade from Apple CEO Tim Cook, Amazon CEO Jeff Bezos, Facebook CEO Mark Zuckerberg and Alphabet CEO Larry Page, among others, about acquisitions.
Apple shares fell about 1.8% after the market opened. While Apple had been mentioned as a potential target, the House letter offered the first concrete evidence of a wide-ranging antitrust investigation.
Apple has faced criticism that its App Store's policies and algorithms support its own products and stifle third-party applications.
On Monday, the Texas attorney general led a group of 50 attorneys general from U.S. states and territories in a probe of whether Google abuses its market power in advertising.
"There is growing evidence that a handful of corporations have come to capture an outsized share of online commerce and communications," said House Judiciary Committee chairman Jerrold Nadler, a Democrat, who signed the letters along with Ranking Republican Representative Doug Collins and Representative David Cicilline, who chairs the antitrust subcommittee and ranking Republican Jim Sensenbrenner.
"This information is key in helping determine whether anticompetitive behavior is occurring, whether our antitrust enforcement agencies should investigate specific issues and whether or not our antitrust laws need improvement to better promote competition in the digital markets," Collins said in a statement.
The lawmakers seek emails from senior executives on topics including acquisitions like Amazon's purchase of AbeBooks, PillPack, Eero, Ring, Zappos and Whole Foods; and Google's acquisition of AdMob, YouTube, Android and DoubleClick.
They also seek information on various policies including Google's decision to automatically sign into Chrome any user to logs into any Google service.
Apple did not immediately respond to a request for comment, while Amazon and Facebook declined to comment. Google referred to a blog post this week that said its services "create choice for consumers."
The committee requested information from the companies' executives on market share, competitors, their largest customers for specific products and documents from other investigations.
It asked Apple for information on App Store concerns such as the decision to remove some parental control apps and its policy regarding whether iPhone users can set non-Apple apps as defaults.
The committee seeks communications on Facebook's purchase of Instagram, WhatsApp and Onavo and its decisions to integrate Instagram, Facebook Messenger and WhatsApp and to cut off apps from its social graph.
The U.S. Justice Department said in July it is investigating "whether and how" large tech companies in "search, social media, and some retail services online" are engaging in anticompetitive behavior. Google said it received a formal request for documents from the Justice Department in late August. (Reporting by Jan Wolfe, David Shepardson and Bryan Pietsch; Editing by Kevin Liffey, Chizu Nomiyama, Dan Grebler and David Gregorio)