Saudi Aramco delays planned IPO until after earnings update: sources
Saudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world’s largest oil firm, two sources familiar with the matter said on Thursday.
Boeing 777X delays may affect Emirates fleet plans: Clark
Delivery delays to Boeing’s 777X jetliner are holding back Emirates’ growth and could partially affect the Gulf carrier’s broader fleet requirements, airline President Tim Clark said on Thursday.
U.S. stocks gain on upbeat earnings, geopolitical news
Wall Street advanced on Thursday as investor sentiment was buoyed by a string of corporate earnings beats and encouraging geopolitical developments.
At Chick-fil-A, new table service means no waiting in line to order
Fast-food chicken chain Chick-fil-A is turning the tables on in-house dining, unveiling a new sit-down table service through its app that means customers will not have to wait at the counter to order.
UAW reaches contract deal with 850 Aramark workers at GM plants: sources
The United Auto Workers union on Thursday reached a tentative agreement for a new contract covering 850 Aramark employees who work at General Motors plants in Ohio and Michigan in maintenance, two sources briefed on the matter said.
Exclusive: Wall Street banks see green light from Fed on reserves – sources
Wall Street banks believe they are getting a green light from supervisors to hold more Treasury debt and less cash after last month’s volatility in overnight lending markets, three industry sources told Reuters.
Oil rises, supported by U.S. fuel stock draws but weighed by crude build
Oil prices rose about 1% on Thursday after draws in U.S. fuel inventories, but gains were capped by a larger-than-expected rise in crude stockpiles and a series of weak economic figures.
Timeline: UAW wrings higher pay from GM in deal to end strike, agrees to plant closings
The United Auto Workers union wrung higher pay and other benefits from General Motors Co as part of a tentative deal to end a month-long U.S. strike by about 48,000 workers, the union disclosed on Thursday.
Toyota conducts final phase of recall to replace Takata airbag inflators
Toyota Motor Corp’s North America unit said on Thursday it was conducting the final phase of a safety recall to replace potentially faulty Takata airbag inflators in about 928,000 vehicles.
Saudi Aramco delays planned IPO to allow for earnings update: sources
Saudi Aramco has delayed the planned launch of its initial public offering (IPO), as the giant oil company wants to update investors with its latest earnings before proceeding, two sources familiar with the matter said on Thursday.
