Capitol Report: Corporate America begins to distance itself from Saudi money due to Khashoggi affair [MarketWatch]
RAYTHEON CO (RTN)
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Source: MarketWatch
Corporate America begins to distance itself from Saudi money due to Khashoggi affair As the outcry grows over the alleged murder of Washington Post columnist Jamal Khashoggi, possibly by Saudi Arabian agents, some U.S. companies are cutting ties with the wealthy kingdom — and more could follow suit. Khashoggi, a Saudi citizen and Virginia resident known for criticizing his home country’s government, was allegedly killed this month in the Middle Eastern nation’s consulate in Istanbul, Turkey. The Saudi government has denied any involvement in his disappearance. The fallout could affect a range of U.S. companies with Saudi links, including defense contractors, banks, energy giants and media companies. “There will be public pressure on them,” said Randa Slim, a senior fellow at the Middle East Institute, a think tank in Washington, D.C. “In the short term they might want to take some distance, but in the long term they’re going to take their cues from the White House.” President Donald T
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