MIDEAST STOCKS - Factors to watch - Sept 25
Sept 25 Here are some factors that may affect Middle East stock markets on Sunday. Reuters has not verified the press reports and does not vouch for their accuracy.
WASHINGTON Oct 24 Northrop Grumman Corp continues to view share buybacks as a "very, very good use" of its cash, Chief Executive Wes Bush told analysts on Wednesday.
The company said it repurchased about 4.4 million shares for $290 million during the third quarter, bringing the year-to-date total to 13.6 million shares for about $850 million.
Bush said Northrop believe share repurchases were particularly important to maintain value for shareholders given the long cycles involved in the defense business.
The company's board recently increased its remaining share repurchase authorization to $2 billion, he said, which gave the company additional flexibility in a dynamic environment.
MEXICO CITY, Sept 24 A fire broke out on an oil tanker of Mexican state oil company Pemex in the Gulf of Mexico on Saturday, forcing all the crew to be evacuated in the latest accident to plague the struggling firm.
TORONTO, Sept 24 Canada's Unifor union has set a tentative strike deadline of midnight Oct. 10 for talks with Fiat Chrysler Automobiles NV, the labor group said on Saturday as it prepares to vote on a related deal with General Motors Co.