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
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
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 signaled Iran is not telling the truth about the drone attacks on Saudi Arabia's largest oil facilities.Oilread more
U.S. Secretary of Energy Rick Perry spoke to CNBC's "Squawk on the Street" on Monday following a series of drone attacks on Saudi Arabia's oil facilities caused the largest...Oilread more
Perry says it's too soon to say whether the U.S. will need to use its emergency crude reserves to offset the surge in oil prices.Oilread more
Consumers in the U.S. prefer Apple's more expensive models, while the standard iPhone 11 appears to be more attractive to buyers in China, according to analyst Ming-Chi Kuo.Technologyread more
The Times updated an article detailing a previously unreported accusation against Supreme Court Justice Kavanaugh from when he was a Yale University student, noting that "the...Politicsread more
An extended Saudi oil outage could push Brent crude prices north of $75 per barrel, Goldman Sachs warned clients.Marketsread more
As investors worry about oil supply, airline and cruise ship stocks are getting hit, while some energy stocks are shooting upward.Marketsread more
Last year, the U.S. Environmental Protection Agency said the company has been cheating on American air pollution tests in diesel vehicles issued between 2008 and 2015, which the company later admitted. The Justice Department later filed a civil complaint against it.
On Tuesday, a Bloomberg report said the Justice Department was assessing how big a criminal fine it can obtain from Volkswagen without putting it out of business. It said the U.S. government and Volkswagen are trying to reach a settlement by January.
"This year we spent a lot of work in clearing up the diesel issue," Mueller said on CNBC's "Power Lunch." "We worked with the authorities in Germany, in Europe and especially in the United States."
He continued to say on the Justice Department's decision, "We would be happy if it were to happen this year ... basically a Christmas present."
Volkswagen's stock was trading higher in early afternoon trading Wednesday. The stock is down more than 14 percent year to date.