Consumers face years of high energy prices, Big Oil CEOs warn
By Ron Bousso and Nerijus Adomaitis LONDON – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure…
Breaking Business news from across New Jersey.
By Ron Bousso and Nerijus Adomaitis LONDON – Consumers should brace for years of high energy prices, heads of top oil and gas companies said, in what would pile pressure…
ZURICH – Siemens has agreed to exit its Valeo Siemens eAutomotive joint venture in a deal which will boost the German company’s profits by around 300 million euros ($342.60 million),…
By Steven Scheer JERUSALEM -Teva Pharmaceutical Industries said on Wednesday it was bracing to pay as much as $3.6 billion in cash and medicine to settle thousands of lawsuits alleging…
ZURICH – Siemens has agreed to sell the mail and parcels business of Siemens Logistics business to German technology group Koerber for a purchase price of 1.15 billion euros ($1.31…
The State of New York announced that its retirement fund would divest $238 million from companies that are “not prepared for net zero transition.” The state will divest from 21…
By Ross Kerber BOSTON -New York’s state pension fund will sell $238 million worth of stock and debt it holds across 21 shale oil and gas companies including Chesapeake Energy…
– Volkswagen’s works council chief Daniela Cavallo said the carmaker must do more to understand the Chinese market in order to capture greater market share, after missing its electric vehicle…
By Jonnelle Marte -The Federal Reserve will have to move faster than it has in the past to remove accommodation and tame inflation that is well above target, but it…
By Julie Gordon and David Ljunggren OTTAWA -Canada’s economy does not need more stimulus, but rather more investment from both government and businesses to build up supply capacity to meet…
By Howard Schneider WASHINGTON – New data on Thursday is expected to show U.S. inflation still at multi-decade highs, but Federal Reserve officials are holding out hope that the peak…
By Valentina Za MILAN – Italian bank UniCredit plans to sell around 2 billion euros ($2.29 billion) in impaired debts to bad loan specialist Prelios after halting a process to…
BERLIN – Production at Tesla’s Berlin factory will not start until mid-March at the earliest, RBB reported on Wednesday. Tesla is still awaiting final approval from local authorities to begin…
By Diane Bartz WASHINGTON -Microsoft Corp on Wednesday announced a new set of principles for its app store, including open access to developers who meet privacy and security standards, as…
By Leroy Leo -CVS Health Corp on Wednesday said it expected a 70% to 80% drop in the number of COVID-19 vaccines its drugstores will administer this year and said…
By Nia Williams CALGARY, Alberta – The Canadian province of Alberta on Wednesday formally initiated a trade challenge to recover its investment in the Keystone XL oil pipeline, which was…
NEW YORK – It is time for the Federal Reserve to start removing accommodation and raising interest rates, but it is not necessary for the central bank to launch its…
– Dotdash Meredith, owned by media mogul Barry Diller’s IAC, has decided to stop publishing the print editions of six magazines including Entertainment Weekly and InStyle as part of a…
PARIS -Holiday spending in the U.S. and China helped L’Oreal beat growth expectations over the crucial end-of-year period as consumers splurged on beauty products. Fuelled by North America – the…
By Jan Lopatka and Robert Muller PRAGUE – Liquefied natural gas (LNG) shipments to Europe late last year showed Russia could not use gas as great leverage over Europe, and…
By John O’Donnell and Huw Jones FRANKFURT/LONDON – The European Central Bank is preparing banks for a possible Russian-sponsored cyber attack as tensions with Ukraine mount, two people with knowledge…
By David Shepardson WASHINGTON – The U.S. Transportation Department said on Wednesday Air China agreed to pay a $143,000 fine over excessive tarmac delays in 2018 at U.S. airports. The…
WASHINGTON -Legislation to tighten controls on U.S. lawmakers’ financial transactions, including possibly banning them from buying and selling stocks, could be put on a fast track toward passage, House of…
PARIS -Asset manager BlackRock crossed the 5% threshold in scandal-hit French elderly care home operator Orpea folllowing the purchase of shares on and off the market, stock market watchdog AMF…
By Lucia Mutikani WASHINGTON -U.S. wholesale inventories rose slightly more than initially estimated in December as motor vehicle stocks increased by the most in 10 years, offering hope that supply…
By Patturaja Murugaboopathy – U.S. investors are snapping up funds that invest in dividend-paying stocks as they search for stable income from alternatives to bond markets, which are being roiled…