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
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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
General Electric's stock is up more 17 percent to start this year and one Wall Street firm says the "end of apocalypse scenarios" are "now at hand" for GE.
"We increasingly believe GE's risk profile is likely to significantly improve … over the next few months," William Blair analyst Nicholas Heymann said in a note to investors.
GE's biggest risks include its financial leverage and struggling power and gas business, as well as ongoing Justice Department and SEC investigations into GE's accounting practices. Heymann said the removal of those "uncertainties" in the coming months will provide relief.
"We believe investors' perception of GE is likely in the near term to undergo a potentially accelerated three-part transformation" of reduced risk, lowered debt and a turnaround for the power business, Heymann said.
GE shares were down 0.2 percent in Monday trading from Friday's close of $8.94 a share. William Blair has an outperform rating on GE's stock.
The industrial conglomerate also announced Monday morning that former UBS analyst Steve Winoker is now GE's vice president of investor relations. Winoker had a buy rating on GE shares while he covered the stock, as he said in October that CEO Larry Culp is "key" to turning around GE's fortunes.