Breaking Business news from across New Jersey.
MONTREAL – International Business Machines Corp is partnering with the Canadian province of Quebec to boost quantum computing in a collaboration that could help advance areas like battery development, a…
By Saqib Iqbal Ahmed NEW YORK – A plunge in the shares of Facebook owner Meta Platforms Inc fueled a surge of options trading on Thursday, with some investors positioning…
By Michael Erman – Merck & Co said on Thursday it expects its 2022 sales to increase as much as 18 percent over last year, mostly on sales of its…
By Manas Mishra -Biogen Inc on Thursday forecast 2022 profit well below Wall Street estimates as sales of its new Alzheimer’s disease drug stall, and said it was considering deals…
MILAN – Stellantis and unions have agreed to cut 714 jobs at the carmaker’s operations in Italy this year through voluntary redundancies, the UILM union said on Thursday. The deal…
By Noel Randewich – Retail investors appeared to be enthusiastically buying the dip in Wall Street’s biggest growth companies on Thursday as the U.S. stock market plunged following Facebook owner…
By Diane Bartz WASHINGTON -The Senate Judiciary Committee on Thursday voted to approve a bill that would rein in app stores of companies they said exert too much market control,…
By Pete Schroeder and Hannah Lang WASHINGTON -Sarah Bloom Raskin, President Joe Biden’s pick to be the Fed’s top bank regulator, told U.S. lawmakers on Thursday that she believes banks…
By Kirstin Ridley LONDON -KPMG has been sued for 1.3 billion pounds ($1.77 billion) by the liquidators of Carillion for missing “red flags” during audits of the construction giant, in…
By Andy Bruce and David Milliken LONDON -The Bank of England raised interest rates to 0.5% on Thursday and nearly half its policymakers wanted a bigger increase to contain rampant…
By Pratima Desai and Zandi Shabalala LONDON – Accelerating sales of electric vehicles have fuelled a scramble for nickel, cobalt and lithium, propelling prices of the battery materials to multi-year…
NEW YORK -Short sellers in Meta Platforms Inc were poised to increase their potential 2022 gains to more than $2 billion with the stock’s plunge on Thursday after the Facebook…
FRANKFURT, Feb 3 – The European Central Bank kept policy unchanged as expected on Thursday, staying on track to provide copious stimulus this year even as inflation runs at a…
By Balazs Koranyi and Francesco Canepa FRANKFURT – The European Central Bank finally acknowledged mounting inflation risks and even opened the door a crack to an interest rate increase this…
By Aditi Sebastian and Ananya Mariam Rajesh -Estee Lauder Cos Inc raised its annual revenue and profit projections on Thursday as price hikes and a recovery in demand for its…
By Manya Saini -Investment bank Lazard Ltd said on Thursday it expects dealmaking activity to remain robust following a record-breaking year for mergers and acquisitions, after posting earnings well above…
By Uday Sampath Kumar -Ralph Lauren Corp raised its annual revenue forecast on Thursday and became the latest luxury goods retailer to top market estimates for holiday-quarter revenue as demand…
LONDON – Deutsche Bank closed its short trade on the euro and recommended clients to enter into a long euro/dollar trade on Thursday after the European Central Bank acknowledged the…
By Ann Saphir and Lindsay Dunsmuir – Former Federal Reserve Governor Sarah Bloom Raskin, Michigan State University’s Lisa Cook, and Davidson College’s Philip Jefferson are due to appear before the…
WASHINGTON – New orders for U.S.-made goods fell slightly more than expected in December, but manufacturing remains supported by businesses replenishing inventories. The Commerce Department said on Thursday that factory…
By Ron Bousso LONDON – Shell again boosted its dividend and share repurchases on Thursday after fourth quarter profits hit their highest in eight years, fuelled by higher oil and…
COPENHAGEN -Danish brewer Carlsberg said on Thursday it would look for growth beyond its core beer market over the next five years to focus on categories like cider, seltzers and…
By Pratima Desai LONDON – Rising sales of electric vehicles (EVs) and a scramble along the supply chain to secure materials have propelled prices of battery ingredients nickel, cobalt and…
By Nandita Bose WASHINGTON – When U.S. President Joe Biden accused Facebook of “killing people” by spreading vaccine lies in July, many experts and researchers hoped it marked the beginning…
ZURICH – Siemens is ramping up its spending on research and development above its rivals, Chief Executive Roland Busch will tell the German engineering group’s shareholders next week. The maker…