Breaking Business news from across New Jersey.
By David Lawder WASHINGTON – The International Monetary Fund said on Friday it has appointed Germany’s former Bundesbank president Jens Weidmann to lead a new external panel to strengthen institutional…
By Lucia Mutikani WASHINGTON – The U.S. economy created far more jobs than expected in January but despite the disruption to consumer-facing businesses from a surge in COVID-19 cases, pointing…
-Kohl’s Corp on Friday adopted a shareholder rights plans to protect itself from hostile takeovers, days after receiving buyout offers that the retailer said undervalued it. Last month, activist investor…
By Patturaja Murugaboopathy and Gaurav Dogra – Poorer ’emerging market’ countries are facing the headwind of rising global interest rates this year, which in the past has prompted international investors…
By Chibuike Oguh – Buyout firm Carlyle Group Inc is in talks to acquire CBAM Partners in a bid to grow its credit investment platform and take on peers such…
By Allison Lampert MONTREAL -Europe’s Airbus and Quebec on Friday said they have agreed to a $1.2 billion investment deal that would allow the Canadian province to remain in the…
By Ann Saphir and Howard Schneider – Bigger-than-expected U.S. job gains last month are fueling market bets that the Federal Reserve will kick off its interest rate hikes in March…
By Julie Gordon and Ismail Shakil – The Canadian economy lost more jobs than expected in January, posting its first decline since May 2021 as the Omicron-driven COVID-19 wave peaked,…
By Laura Sanicola -U.S. supplies of fuels such as diesel and heating oil have dwindled and refiners are having trouble replenishing that supply, which could keep prices elevated for months.…
By Daphne Psaledakis WASHINGTON – The U.S. Treasury Department on Friday issued a set of recommendations to combat illicit finance in the high-value art market and warned that the emerging…
By Gwladys Fouche PARIS – French drugmaker Sanofi said it still expected its COVID-19 vaccine to complete phase 3 trial in the first quarter and reported a rise in fourth-quarter…
By Sheila Dang – For years, investors have wondered about the long-term prospects for Snap Inc and Pinterest Inc, smaller digital ad players which have had to pick up the…
By John McCrank NEW YORK – Exchange operator Cboe Global Markets said on Friday its fourth-quarter profit surged 90%, topping Wall Street estimates on higher transaction volumes, notably in options,…
By Jacob Gronholt-Pedersen COPENHAGEN -Carlsberg plans to raise beer prices to offset rising raw material costs, potentially hitting beer sales this year, the Danish brewer said on Friday. The world’s…
By Elizabeth Culliford – Facebook’s parent Meta Platforms said on Friday it is launching a tool for people using its virtual reality social platforms to maintain personal space boundaries, as…
By Praveen Paramasivam -Cruise operator Royal Caribbean Group said on Friday the lightning spread of the Omicron coronavirus variant would delay its return to profitability by a few months, another…
By Julien Ponthus and Pamela Barbaglia LONDON – Advent International is looking to sell its French biometrics and fingerprint identification firm IDEMIA in a deal worth up to $4.6 billion…
By Makiko Yamazaki TOKYO -Toshiba Corp is considering splitting in half instead of three and offloading its air conditioning business, the Japanese industrial conglomerate said on Friday, in an attempt…
By Tom Polansek CHICAGO – Tyson Foods Inc is expected to post strong results for its beef business in a quarterly earnings report on Monday, as the Biden administration’s criticism…
– Global equity funds lured big inflows in the seven days to Feb. 2 on optimism over strong earnings from U.S. technology companies and on hopes that inflation would ease…
By Hyunjoo Jin SAN FRANCISCO – Automakers, including General Motors, Ford Motor and Hyundai Motor, predict a near two-year chip constraint will ease in the second half of 2022, but…
By Siddharth Cavale and Uday Sampath Kumar – From Hershey to Clorox and Kleenex maker Kimberly-Clark, major consumer-products companies have announced plans to boost U.S. prices further or more broadly…
-Hertz Global Holdings on Friday named former Goldman Sachs finance chief Stephen Scherr as its top boss, replacing interim CEO Mark Fields, sending shares of the car rental firm up…
LONDON – The world’s top central banks are about to embark on “the largest quantitative tightening in history”, analysts at Morgan Stanley said on Friday, estimating that $2.2 trillion worth…
LILLE, France – European justice ministers and tech giants Google’s and Meta agreed on Friday that a clear legal framework was needed to step up cooperation against online hate, France’s…