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Updated: 53 min 10 sec ago

Iran's Rouhani says Aramco attacks were a reciprocal response by Yemen

4 hours 25 min ago
An attack on Saudi Arabia's Aramco oil facilities was a reciprocal measure by "Yemeni people" to assaults on this country, said Iranian President Hassan Rouhani on Monday, hours after a Saudi-led coalition said the attacks were carried out with Iranian weapons.
Categories: Financial Media

Atlantia's CEO set to step down as bridge probe darkens

4 hours 35 min ago
The long-standing head of Italian infrastructure group Atlantia is ready to step down as a probe into a deadly bridge collapse snowballs, prompting its top shareholder, the Benetton family, to pull support, sources said on Monday. Giovanni Castellucci, who masterminded a multi-billion merger with Spanish rival Abertis last year, will hand in his resignation at an extraordinary board meeting on Tuesday, two sources close to the matter said.
Categories: Financial Media

Beleaguered U.S. energy shares soar after attacks on Saudi facilities

4 hours 36 min ago
Shares of U.S. energy companies surged on Monday, as a jump in oil prices in the wake of attacks on Saudi Arabia's oil facilities gave new juice to a sector that has been a chronic underperformer.
Categories: Financial Media

Attacks on Saudi oil facilities - what will it mean for consumers?

4 hours 45 min ago
The attacks on Saudi oil facilities on Saturday will drive up fuel prices worldwide in the world's largest outage in 50 years. Here's what it could mean for consumers.
Categories: Financial Media

U.S. charges JPMorgan metals traders over alleged market manipulation

4 hours 54 min ago
The Department of Justice charged two current and one former JPMorgan Chase & Co executives on Monday with alleged racketeering and manipulating prices of metals such as gold, silver, platinum and palladium between 2008 and 2016.
Categories: Financial Media

Wall Street hit by Saudi attacks; energy stocks temper losses

4 hours 59 min ago
U.S. stocks fell on Monday on global growth worries after weekend attacks on Saudi Arabia's crude facilities hit 5% of the world's supply, but a sharp surge in crude prices lifted beaten-down energy stocks and kept losses in check.
Categories: Financial Media

Oil prices up 12% after attack on key Saudi oil facilities

5 hours 1 min ago
Oil prices jumped roughly 12% on Monday after an attack on Saudi Arabian crude oil facilities over the weekend sliced the kingdom's production in half and intensified concerns of retaliatory actions in the Middle East.
Categories: Financial Media

Workers picket GM plants as UAW contract talks resume

6 hours 5 min ago
Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker's highly profitable U.S. operations.
Categories: Financial Media

Cheers and honking horns greet first day of UAW strike against GM

6 hours 5 min ago
Willie Elzy has been readying for a possible strike against General Motors Co for months and, pointing to a parking lot full of freshly built pickup trucks, he says it's clear the automaker has been preparing too.
Categories: Financial Media

Exclusive: F-35 chief to run Lockheed aeronautics as Evans undergoes medical treatment

6 hours 8 min ago
Greg Ulmer, head of Lockheed Martin Corp's F-35 fighter program, will temporarily lead the company's aeronautics division while its current chief, Michele Evans, undergoes treatment for a "significant" medical issue, Evans told employees on Monday.
Categories: Financial Media

Israel 'well-prepared' for any spill-over from attack on Saudi oil plant

6 hours 35 min ago
Israel is prepared for the possibility it might be drawn into any U.S.-Iranian confrontation over a strike on a Saudi oil plant, Prime Minister Benjamin Netanyahu said on Monday.
Categories: Financial Media

Oil soars after attack on Saudi facilities, stocks weaken

6 hours 46 min ago
Oil prices soared on Monday after attacks on crude facilities in Saudi Arabia sparked worries over the impact of an oil shock on economic growth, halting a positive run in world stocks as investors reached for less risky assets.
Categories: Financial Media

Atlantia CEO could offer resignation at Tuesday's board: source

6 hours 50 min ago
Giovanni Castellucci could offer his resignation as chief executive of infrastructure group Atlantia at an extraordinary board meeting called on Tuesday, a source said on Monday.
Categories: Financial Media

Evidence indicates Iranian arms used in Saudi attack, say Saudis

7 hours 3 min ago
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi Arabian oil plants was carried out with Iranian weapons and was not launched from Yemen according to preliminary findings.
Categories: Financial Media

U.S., Chinese trade deputies seen meeting Friday: U.S. Chamber CEO

7 hours 8 min ago
U.S. and Chinese deputy trade negotiators are expected to meet on Friday, with senior negotiators likely to meet about a week and a half later, U.S. Chamber of Commerce CEO Tom Donohue said on Monday, citing a conversation with U.S. Trade Representative Robert Lighthizer.
Categories: Financial Media

Too soon to say if U.S. emergency oil release needed, Perry tells CNBC

7 hours 17 min ago
U.S. Energy Secretary Rick Perry said on Monday it was too soon say whether the United States would have to tap its emergency petroleum reserves following weekend attacks on Saudi Arabian oil facilities that shook global oil markets.
Categories: Financial Media

GM, UAW restart talks as workers take to picket lines

7 hours 19 min ago
Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker's highly profitable U.S. operations.
Categories: Financial Media

Oil soars 10% after attack on massive Saudi oil facilities

7 hours 25 min ago
Oil futures jumped 10% on Monday after an attack on Saudi Arabian crude oil processing facilities over the weekend sliced the kingdom's production in half and threatened to hamper shipments from the world's largest crude exporter.
Categories: Financial Media

U.S. envoy tells U.N. Security Council indications Iran behind Saudi oil attacks

7 hours 32 min ago
U.S. Ambassador to the United Nations Kelly Craft told the Security Council on Monday that emerging information on attacks on Saudi oil facilities "indicates that responsibility lies with Iran" and that there is no evidence the attack came from Yemen.
Categories: Financial Media

Factbox: The U.S. opioid epidemic in the courts

7 hours 36 min ago
As opioid-related deaths have soared, thousands of lawsuits have been filed seeking damages from drugmakers and distributors. The following is a summary of where and how the opioid litigation is playing out across the United States:
Categories: Financial Media