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Business News

  • U.S. air travel at record high on U.S., foreign carriers in 2016
    NEW YORK (Reuters) - U.S. and foreign airlines in the United States carried a record number of passengers in 2016, according to the government office that tracks airline traffic, besting the previous all-time high by 3.5 percent. ... Read more »
  • Saudi Arabia sweetens huge Aramco IPO with tax cut
    JEDDAH, Saudi Arabia/RIYADH (Reuters) - Saudi Arabia's government has cut the income tax paid by national oil giant Saudi Aramco to smooth the company's initial public offer of shares next year, which is expected to be the world's largest equity sale. ... Read more »
  • Bill Gross settles Pimco lawsuit for over $81 million: CNBC
    NEW YORK (Reuters) - Pimco co-founder Bill Gross has settled his lawsuit against his former employer for just over $81 million, CNBC reported Monday, citing sources. ... Read more »



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