Breaking Business news from across New Jersey.
BRUSSELS – EU antitrust regulators will decide by March 15 whether to clear Amazon’s proposed acquisition of U.S. movie studio MGM, a European Commission filing showed on Tuesday. The deal…
By Oksana Kobzeva and Olesya Astakhova MOSCOW – Russian gas giant Gazprom may tap a field hit by U.S. sanctions off the Pacific island of Sakhalin to provide China with…
By Giulio Piovaccari MILAN -Stellantis on Tuesday unveiled its new Alfa Romeo Tonale compact sport utility vehicle (SUV) as it aims to expand in the premium market and add electrified…
By Ron Bousso LONDON – BP’s profits hit their highest in eight years in 2021, lifted by soaring gas and oil prices, as the company boosted share repurchases and accelerated…
By Medha Singh and Lisa Pauline Mattackal – As bitcoin drifts towards mainstream maturity in 2022, daring crypto investors are eyeing up new sources of explosive action: “altcoins” that power…
By Julie Gordon OTTAWA -Canada posted a surprise trade deficit in December, as imports hit a new record high and exports fell from November, official data showed on Tuesday, but…
By Jane Lanhee Lee and Josh Horwitz SAN FRANCISCO/SHANGHAI – SoftBank Group Corp has shelved its blockbuster sale of Arm Ltd to U.S. chipmaker Nvidia Corp valued at up to…
By Tim Kelly TOKYO -Nissan Motor Co on Tuesday raised its full-year profit outlook as it squeezed out more profit per vehicle but said that access to scarce semiconductors would…
– Quantum computing firm D-Wave Systems Inc said on Tuesday it had agreed to go public by merging with blank-check company DPCM Capital in a deal that values the combined…
– CoverGirl cosmetics maker Coty Inc said on Tuesday it would withdraw from the planned initial public offering of its Brazilian unit, blaming adverse financial market conditions in the South…
By David Shepardson WASHINGTON -A bid by budget carriers Frontier Group Holdings and Spirit Airlines Inc to create the fifth-largest U.S. airline will face close scrutiny from the Justice Department,…
-Industrial materials maker DuPont posted quarterly earnings that surpassed market expectations on Tuesday as price hikes and strong demand in its electronics unit helped offset a hit from surging raw…
By Maytaal Angel LONDON – Traders are planning to deliver thousands of tonnes of robusta coffee from Asia to the ICE futures exchange in Europe for the first time in…
By Elizabeth Culliford – Facebook owner Meta Platforms should not allow users to share people’s private residential information on its platforms even when the information is publicly available, the company’s…
By David Shepardson WASHINGTON – Ride-sharing company Uber Technologies plans to begin reminding passengers to wear seat belts by pinging driver phones and sending riders messages amid a spike in…
By Josh Horwitz SHANGHAI – The chip industry is breathing a sigh of relief over the aborted purchase of ARM Ltd by U.S. chipmaker Nvidia Corp but the firms and…
By Foo Yun Chee and Sabine Siebold BRUSSELS – The European Commission will ease funding rules for innovative semiconductor plants under plans announced on Tuesday as the European Union looks…
ROME – Ferrari said on Tuesday it would partner with Qualcomm Technologies to use the San-Diego based group’s premium product, the Snapdragon chipsets, to accelerate the sports carmaker digital transformation.…
WASHINGTON -The U.S. Commerce Department said on Monday it had added 33 Chinese entities to its so-called ‘unverified list’, which requires U.S. exporters to go through more procedures before shipping…
By Sinéad Carew – While U.S. bank stocks had a rocky start to the year, investors and analysts see accelerating loan growth and Federal Reserve interest rate hikes boosting the…
By Sophie Yu and Brenda Goh BEIJING – The start of the Beijing Winter Olympics has triggered a gold rush for winter sport goods in China, with online purchases of…
– Singer-songwriter Neil Young has asked employees of Spotify Technology SA to quit their jobs while urging people to withdraw their money from big American banks, in protests over coronavirus…
WASHINGTON – U.S. small business confidence fell to an 11-month low in January amid persistent worker shortages and higher prices for materials, a survey showed on Tuesday. The National Federation…
By Dawn Chmielewski – When the Walt Disney Co reports its holiday-quarter results on Wednesday, Wall Street analysts will study whether the popular Star Wars bounty hunter Boba Fett, The…
By Sam Nussey TOKYO – SoftBank Group Corp reported a 97% drop in quarterly profit and the collapse of a deal worth up to $80 billion to sell chip designer…