Breaking Business news from across New Jersey.
-Regeneron Pharmaceuticals Inc on Friday reported fourth-quarter revenue that beat analysts’ estimates, boosted by demand for blockbuster drugs Dupixent and Eylea, coupled with higher sales of its COVID-19 therapy. Sales…
By Balazs Koranyi and William Schomberg FRANKFURT/LONDON – In just a few short weeks, the balance of power at the world’s top central banks has shifted to conservatives, heralding the…
– Drugmaker Bristol Myers Squibb Co on Friday posted slightly better than expected fourth-quarter earnings on strong sales of blood thinner Eliquis and cancer drug Opdivo. The company said it…
By Helena Soderpalm and Niklas Pollard STOCKHOLM -Automaker Volvo Cars and battery manufacturer Northvolt will build their joint battery plant in Gothenburg, western Sweden, the two companies said on Friday.…
By Yoruk Bahceli LONDON -Investment banks brought forward their calls on European Central Bank interest rate hikes after a hawkish turn from the ECB that opened the door to the…
By Anna Ringstrom STOCKHOLM -Assa Abloy, the world’s biggest lockmaker, reported better than expected fourth-quarter profit growth on Friday, as price hikes and stronger demand helped mitigate continued pandemic-related supply…
By Paresh Dave – Amazon.com Inc has racked up four straight quarters of cloud computing sales growth, a streak analysts are calling impressive and easing concerns that a customer shift…
LONDON -Britain’s competition regulator said on Friday it had fined Facebook-owner Meta 1.5 million pounds ($2 million) over fresh issues regarding its purchase of Giphy, a sanction that the U.S.…
By Muhammed Husain -Britain’s SSP, owner of Upper Crust and other catering brands, said on Friday that sales were recovering as people were commuting by train to work again after…
– Southwest Airlines Co will resume alcohol sales on its flights this month after nearly two years, the Texas-based carrier said on Thursday, a pause it extended last year due…
By David Randall NEW YORK – Diverging earnings from megacap growth stocks are fueling wild swings in equities, opening the door for more volatility on the heels of last month’s…
HONG KONG – China Evergrande Group will continue with efforts to sell a plot of undeveloped land in Hong Kong even after the appointment of a receiver by a creditor,…
LONDON – Investors pumped money into equities and yanked funds out of bonds and cash as inflows into equity markets showed no signs of abating, BofA’s weekly flow show report…
FRANKFURT – Euro zone companies expect wages to rise by 3% or more this year as workers demand to be compensated for inflation and it becomes more difficult to find…
(Corrects 13th paragraph of Feb 3 article to say Elie Girard departed, not that he was ousted) By Mathieu Rosemain and Julien Ponthus PARIS – The French government holds the…
A look at the day ahead in markets from Sujata Rao. Misfortunes don’t come singly, so the idiom goes, and markets are being whiplashed by a whole slew of negatives,…
BERLIN -German industrial orders grew more than expected in December, data showed on Friday, with a boost from stronger domestic demand a cause for optimism for the growth outlook of…
-France’s Vinci expects net income this year to exceed its pre-pandemic level in 2019, helped by a recovery in its airports arm that should bring those earnings close to breakeven.…
By Kantaro Komiya TOKYO – Japan’s economy likely rebounded in the final three months of 2021 as consumption rose during a drop off in COVID-19 cases, a Reuters poll showed,…
TOKYO – Toshiba Corp said on Friday it will invest about 125 billion yen ($1.09 billion) to more than double production of power management semiconductors, aiming to catch up with…
By Eva Mathews and Nivedita Balu -Mark Zuckerberg lost $29 billion in net worth on Thursday as Meta Platforms Inc’s stock marked a record one-day plunge, while fellow billionaire Jeff…
By David French – Wall Street snapped a four-session winning streak on Thursday, with all three benchmarks ending lower after Facebook-owner Meta Platforms’ dour forecast sent its stock plummeting and…
By Ahmad Ghaddar and Alex Lawler LONDON – After a month in which oil prices surged 15% and geopolitical tensions seethed around the world, OPEC and its allies took a…
By Vuyani Ndaba and Vivek Mishra JOHANNESBURG/BENGALURU – Emerging market currencies will struggle to stem losses in the near-term as the U.S. Federal Reserve lifts interest rates off the zero…
By Valentine Hilaire MEXICO CITY -A Mexican entrepreneur close to President Andres Manuel Lopez Obrador told Reuters that he has begun hiring financial advisers and law firms to prepare a…