While markets await a Saudi update, investors are likely asking how the kingdom left itself so vulnerable, and what it means for the future.Energyread more
Of the recessions the U.S. has seen dating back to the early 1980s, none has come without an oil spike of at least 90%.Economyread more
An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
Shares of defense companies rose on Monday after the United States military was put on alert by President Donald Trump.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
Stocks fell on Monday amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
A new research study by the Digital Citizens Alliance shows how easy it is to buy illegal steroids or appearance and performance enhancing drugs (APEDs)Cybersecurityread more
GM shares were down nearly 3% Monday as analysts estimated the strike could cost GM tens of millions of dollars per day. The two sides resumed talks at 10 a.m. Monday...Autosread more
Amazon changed the algorithms that power its product-search system to favor the company's own products, The Wall Street Journal reported.Technologyread more
Between 180 and 200 underperforming GameStop stores are set to shutter before the end of the fiscal year, and more could be on the way.Entertainmentread more
These are the stocks posting the largest moves midday.Market Insiderread more
The CEO, who was rumored to be in the running to become Microsoft's next leader, told The Associated Press Tuesday that he won't leave the Dearborn, Mich., automaker before the end of 2014.
"I would like to end the Microsoft speculation because I have no other plans to do anything other than serve Ford," Mulally said in an interview.
When asked if this should end investor concern about his departure, Mulally said, "You don't have to worry about me leaving."
Mulally said he will stick with his plan to stay at Ford through at least the end of 2014. Ford announced that plan in November 2012. At the same time it promoted Mark Fields to chief operating officer, making Fields the likely successor to Mulally.
Over the last few months, there have been numerous reports that Mulally was on the short list of candidates to replace Microsoft CEO Steve Ballmer. Microsoft announced in August that Ballmer plans to step down as CEO.
Mulally wouldn't say if he had talked to Microsoft about becoming CEO. But he said the speculation was a distraction for Ford.
Mulally, 68, was trained as an aeronautical engineer. He spent 36 years at Boeing -- and was president of the company's commercial airplane division -- before Ford Chairman Bill Ford lured him to the struggling automaker in 2006. He is widely credited with returning the company to profitability and changing the culture, ending widespread executive infighting.
During his tenure, Ford has earned $32.9 billion in pretax profit and its shares have more than doubled.
Microsoft wouldn't say Tuesday whether Mulally's announcement was a surprise.
"Out of respect for the process and the potential candidates, we don't comment on individual names," a Microsoft spokesman told the AP.
Ford shares rose 20 cents to $15.58 in after-hours trading. Microsoft shares fell 37 cents to $36.04.
—By The Associated Press