Breaking Business news from across New Jersey.
JOHANNESBURG -South Africa’s labour ministry on Thursday urged Rio Tinto workers to report instances of discrimination after the Anglo-Australian miner released an internal report detailing sexual assault, racism, and bullying…
WASHINGTON – U.S. worker productivity rebounded more than expected in the fourth quarter, curbing labor costs growth, but the coronavirus pandemic has distorted the data and prevented a clear trend.…
By Medha Singh – Stocktwits.com, one of the social media sites at the heart of last year’s retail trading mania, launched a crypto trading platform on Thursday, looking to tap…
By Danielle Kaye NEW YORK – Uh oh. Big Tech was cut in two on Wednesday, divided between companies that have great data and those that don’t, after Facebook owner…
By Ari Rabinovitch and Steven Scheer JERUSALEM – Israel’s flag carrier El Al Airlines, forced to slim down following a government bailout during the pandemic, said on Thursday it has…
-Honeywell International Inc reported lower-than-expected quarterly sales on Thursday, hit by supply chain challenges at its aerospace segment and a fall in demand for masks. The company, whose shares fell…
(This Feb 2. story corrects year to 2020, not 2000 in paragraph 11) By Akash Sriram and Subrat Patnaik – Google parent company Alphabet Inc advanced nearer to joining peers…
By Echo Wang NEW YORK – The party is over for technology start-ups rushing to go public at ever-higher valuations, as volatile U.S. stock markets have dampened investor appetite for…
By Emma-Victoria Farr LONDON – Credit Suisse has hired a senior Oliver Wyman adviser as vice chairman of investment banking and capital markets, according to a memo seen by Reuters.…
– GameStop Corp is partnering with blockchain startup Immutable X to launch its non-fungible token (NFT) marketplace later this year, as it looks to take advantage of the booming market…
By Clara Denina and Zandi Shabalala LONDON – Big miners, under pressure to increase their exposure to minerals needed to drive the electric vehicle revolution, have so far opted for…
By Christopher Bing and Raphael Satter WASHINGTON – A flaw in Apple’s software exploited by Israeli surveillance firm NSO Group to break into iPhones in 2021 was simultaneously abused by…
– Hershey Co forecast full-year profit above Wall Street estimates on Thursday, driven by higher prices for its chocolates and candies to counter inflationary pressures and strong holiday demand. Packaged…
WASHINGTON – Tesla Inc is recalling more than 817,000 vehicles in the United States because an audible alert may not activate when a vehicle starts and the driver has not…
By Elizabeth Dilts Marshall NEW YORK – Demand for business loans is picking up in the United States as an economic recovery drives consumer spending and encourages companies to bulk…
By Chibuike Oguh – Carlyle Group Inc said on Thursday its fourth-quarter distributable earnings increased almost fourfold thanks to a record level of asset sales from its private equity portfolio…
By Isla Binnie MADRID -Wind turbine maker Siemens Gamesa pledged a “reset” on Thursday, introducing a new chief executive to try to revive its fortunes after a series of losses…
ZURICH – Swiss asset manager GAM Holding has returned the full value and more of a fund linked to shuttered supply chain finance firm Greensill, it told employees in an…
By Simon Jessop and Ross Kerber LONDON – The world’s biggest asset manager BlackRock said it will increase the products and services it offers to help investors “navigate, drive and…
By Juliette Portala -Compass Group, the world’s largest catering firm, said on Thursday its first-quarter revenue was near pre-pandemic levels and stuck to its annual forecast, lifting its shares. The…
By Aftab Ahmed and Manoj Kumar NEW DELHI -State-run Life Insurance Corporation of India’s (LIC) embedded value has been finalised at more than 5 trillion rupees ($66.82 billion), a government…
(This Jan. 27 story corrects to show in paragraph 4 that the gap between three- and six-month yields is at steepest since 2018, not 2015) A look at the day…
(This Feb 2 story adds dropped word “tech” in headline) By Katanga Johnson WASHINGTON – Global stocks rallied on Wednesday to close higher as strong earnings from U.S. technology companies…
LONDON – Euro zone economic growth lost more momentum in January as the bloc’s dominant services industry suffered from subdued demand amid tighter restrictions to contain the Omicron coronavirus variant,…
By Ludwig Burger -Swiss drugmaker Roche said on Thursday sales growth would slow this year as it braces for less demand for its COVID-19 medicines and tests, expecting immunity against…