An oil processing facility at Abqaiq and the nearby Khurais oil field was attacked on Saturday.Marketsread more
"There is reason to believe that we know the culprit," Trump said in a post on Twitter.Politicsread more
Brent crude surged by as much as 19.5% to reach $71.95 per barrel on Monday, the biggest intra-day jump since the Gulf War in 1991.Oilread more
The strike, depending on its length, could easily cost GM hundreds of millions of dollars. The last time the union declared a strike at GM was in 2007.Autosread more
Saudi Aramco has 35-40 days of supply to meet contractual obligations, a source close to the matter told CNBC.Energyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
OxyContin maker Purdue Pharma filed for Chapter 11 bankruptcy protection on Sunday.Health and Scienceread more
Saudi Arabia on Saturday shut down half its oil production after a series of drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's...Futures & Commoditiesread more
U.S. stock futures sank amid fears that a surge in oil prices following an attack in Saudi Arabia could slow down global economic growth.Marketsread more
The recommendations include changing corporate reporting structures, creating a new safety group, and changing the cockpits of future planes to accommodate new pilots with...Aerospace & Defenseread more
The state would become the second in the country, behind Michigan, to ban the sale of fruit flavored e-cigarettes, which are popular with teenagers.Health and Scienceread more
In an interview on CNBC, Peltz said he wants to work with P&G CEO David Taylor, though the two are engaged in an increasingly heated proxy battle and war of words. On Tuesday, P&G is expected to release an investor presentation that includes a section taking aim at Peltz and his track record at other companies.
According to a copy of that section, which was reviewed by CNBC, P&G seeks to show that when Peltz is invested in a company or sits on its board, he destroys rather than adds long-term value.
Peltz said P&G is losing market share, adding that the way current management is running the company is dangerous. "They're overseeing a melting ice cube," he said. "They're losing market share consistently year in year out."
"What's dangerous is to continue to do things the way they are doing things," he said.
Peltz is appealing to shareholders to get on the board, saying Tuesday that when he has had a seat at the table, total shareholder return and earnings for those companies outperformed the S&P by 8 percent.
P&G's Taylor, in making the case against Peltz's election to the board, has described some of his proposals as dangerous to the long-term future of the company. The investor presentation containing the case against the activist is a fairly aggressive move for a company but could become more common as dissident shareholders take on bigger companies that have the resources to put up a fight.
Peltz told CNBC on Tuesday he doesn't "take this personally," but he rejected the idea that he was disruptive. "I'll be one vote out of 12," he said, referring to the board. "How disruptive could I possibly be?"