Business News

Saudi Crown Prince approves kick-off of Aramco IPO on Sunday: sources

Reuters Biz News - Fri, 11/01/2019 - 17:10
Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.
Categories: Business News

UPDATE 1-Saudi Crown Prince approves kick-off of Aramco IPO on Sunday-sources

Reuters Company News - Fri, 11/01/2019 - 17:08
Saudi Arabia's Crown Prince Mohammed bin Salman on Friday agreed that the initial public offering of state oil giant Aramco will be announced on Sunday, five sources familiar with the matter told Reuters.
Categories: Business News

CORRECTED-Waymo tests 'rider only' service and looks beyond robo-taxis

Reuters Company News - Fri, 11/01/2019 - 17:03
Waymo Chief Executive John Krafcik said the self-driving vehicle company is now offering limited "rider-only" trips in Phoenix, Arizona, as it looks beyond the robo-taxis business to generate future revenue.
Categories: Business News

UPDATE 2-UAW union leaders recommend approval of Ford labor deal

Reuters Company News - Fri, 11/01/2019 - 17:01
United Auto Workers leaders from Ford Motor Co's U.S. plants on Friday recommended approval of a tentative labor agreement that would allow the No. 2 U.S. automaker to avoid a strike like the one that cost its larger rival General Motors Co about $3 billion.
Categories: Business News

Athletics-Record-busting shoes loom large in marathon debate

Reuters Company News - Fri, 11/01/2019 - 16:59
A shoe debate is raging ahead of Sunday's New York City Marathon after high-tech sneakers played starring roles in two of the biggest distance-running achievements this year.
Categories: Business News

UPDATE 2-White House will look 'very carefully' at Peugeot, Fiat Chrysler deal -Kudlow

Reuters Company News - Fri, 11/01/2019 - 16:57
U.S. President Donald Trump's administration will look very closely at the planned merger between Fiat Chrysler and Peugeot owner PSA, White House economic adviser Larry Kudlow said on Friday.
Categories: Business News

Wall Street Week Ahead: Travel, leisure company reports set to give view of economy, consumer

Reuters Biz News - Fri, 11/01/2019 - 16:56
A wide swath of the U.S. travel and leisure industry is set to provide insight next week on the state of the economy, including trends in consumer spending, fallout from U.S.-China trade tensions and any damaging impact from the stronger U.S. dollar.
Categories: Business News

Global shares, crude prices rise on U.S., China data

Reuters Biz News - Fri, 11/01/2019 - 16:54
World equity markets surged and crude oil prices jumped on Friday after a stronger-than-expected U.S. employment report, a surprise bounce in Chinese manufacturing and optimism over U.S.-China trade talks tamped down fears of slowing global growth.
Categories: Business News

GLOBAL MARKETS-Shares, crude prices rise on U.S., China data

Reuters Company News - Fri, 11/01/2019 - 16:52
* Global shares post biggest weekly gain since early September
Categories: Business News

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