Breaking Business news from across New Jersey.
JAKARTA – Taiwan-based Foxconn will launch an investment to manufacture electric vehicles and batteries in Indonesia in the third quarter, an Indonesian minister said, amid efforts by Southeast Asia’s biggest…
By Byron Kaye and Shashwat Awasthi -National Australia Bank Ltd, the country’s No. 2 lender, posted a bigger-than-expected jump in first-quarter profit on Thursday as a robust property market brought…
WASHINGTON – Toyota Motor Corp said on Wednesday it did not expect its auto plants in Ontario to produce vehicles for the rest of the week, because of supply problems…
By Carlos Osorio, Blair Gable and Jarrett Renshaw WINDSOR/OTTAWA/WASHINGTON -Ford and Toyota on Wednesday both said they were halting some production as anti-coronavirus mandate protesters blocked U.S-Canada border crossings that…
TOKYO – Japan’s core consumer inflation likely slowed in January from the previous month, a Reuters poll showed, reinforcing expectations the country’s central bank will lag well behind other economies…
By Rowena Edwards LONDON – Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has…
HONG KONG -Shares of China Evergrande Group jumped on Thursday after the chairman of the world’s most indebted property developer said it would resume construction, and ruled out fire sales.…
– Nuix Ltd said on Thursday that Australia’s corporate regulator will take no further action against the software maker, backed by conglomerate Macquarie Group Ltd, over prospectus forecasts filed ahead…
SAO PAULO – Planemaker Embraer SA announced on Wednesday it had reached a deal with Brazilian Air Force to cut its order for 28 KC-390 military cargo planes to 22…
LONDON – Already rapid house price growth in Britain hit a new six-month high in January but momentum in the housing market could soon fade because of a growing cost-of-living…
LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their ethical and sustainability standards, according…
-Most of Wells Fargo & Co’s employees, including those in customer-facing roles, will return to their offices on March 14 and work under a hybrid flexible model, according to a…
By Nichola Saminather and Sohini Podder – Canadian insurers Manulife Financial and Sun Life Financial narrowly beat quarterly earnings expectations on Wednesday, driven by strong growth in their asset management…
– Western Digital Corp said on Wednesday certain materials at two of its manufacturing units in Japan, operated by joint-venture partner Kioxia Holdings Corp, were contaminated and will result in…
By Andrea Shalal and Diane Bartz WASHINGTON – The U.S. Treasury Department on Wednesday flagged concerns about consolidation in the $250 billion annual U.S. alcohol market and outlined reforms it…
By Helen Coster and Eva Mathews -Walt Disney Co’s Disney+ subscriber growth restored faith in the future of streaming video and strong attendance at U.S. theme parks added luster to…
By Noel Randewich and Bansari Mayur Kamdar – Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates,…
By Tina Bellon and Nivedita Balu -Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery…
WASHINGTON – Ford Motor Co said on Wednesday that an interruption to traffic at a key U.S.-Canadian bridge, as a result of demonstration against coronavirus mandates, has hurt production at…
By Chris Prentice and Dhara Ranasinghe WASHINGTON/LONDON – World stocks rallied on Wednesday, with Wall Street rising again on a Big Tech boost and European shares gaining on strong earnings…
By Deborah Mary Sophia and Uday Sampath Kumar – Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other…
By Ann Saphir -The Federal Reserve Bank of Boston on Wednesday named University of Michigan provost Susan Collins as its next chief, making her the first Black woman to lead…
By Supantha Mukherjee – Sony said on Wednesday it has created an artificial intelligence agent called Gran Turismo Sophy (GT Sophy) that was able to beat world’s best drivers of…
By Hannah Lang and Herbert Lash NEW YORK -The dollar slid further on Wednesday and the euro extended gains following a hawkish shift from the European Central Bank last week…
By David Gaffen NEW YORK -Oil prices rallied on Wednesday after U.S. crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time high, underscoring the…