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
Uber is using CES to promote its vision for a future of on-demand air travel.
The ride-hailing company said in May that it plans to roll out air vehicles, which will look like a cross between a helicopter and a giant drone, by 2023. On Monday, in Las Vegas, one of Uber's partners in its so-called Uber Elevate initiative said it's unveiling designs for a full vertical-takeoff-and-landing air taxi vehicle.
Uber announced its support for the system, designed by Textron's Bell division, and called it a "major step" in its push to creating "an on-demand Uber Air network." The vehicle, known as Bell Nexus, uses hybrid-electric propulsion to power efficient air travel. Bell makes both commercial and military aircraft, according to Textron's website.
Uber plans to launch its Uber Air service in the Dallas-Fort Worth area and Los Angeles, starting in four years. The company has said it will also open an international market that has yet to be announced.
The company is giving a glimpse into the future as it readies a likely initial public offering for 2019, alongside rival ride-hailing company Lyft. Both companies filed confidential paperwork with the SEC in the same week in December. Uber has reportedly been valued at as much as $120 billion for its IPO, while banks pitching Lyft have valued that company at about $18 billion to $30 billion, according to Bloomberg.