Breaking Business news from across New Jersey.
By Jonathan Stempel NEW YORK – A federal judge on Wednesday dismissed a proposed class-action lawsuit accusing Apple Inc of misleading consumers about how resistant its iPhones are to water…
By Tiyashi Datta and Jane Lanhee Lee -Qualcomm Inc posted record first-quarter revenue on Wednesday and beat Wall Street forecasts for the current quarter, boosted by strong growth in the…
By David Shepardson WASHINGTON – Major airlines, business and travel groups urged the White House on Wednesday to end COVID-19 pre-departure testing requirements for vaccinated international passengers traveling to the…
By Noel Randewich – Facebook owner Meta Platforms Inc’s quarterly earnings miss and poor forecast on Wednesday ignited a meltdown in social media stocks and threatened to smother a recent…
By Pete Schroeder WASHINGTON – Sarah Bloom Raskin, President Joe Biden’s pick to lead the Federal Reserve’s regulatory work, plans to tell lawmakers she does not believe the role includes…
Young women were five times less likely than young men to aspire toward STEM careers in 80 different countries, according to research and a report from the Institute for Family…
-Corteva Inc on Wednesday forecast 2022 sales above market expectations as the insecticide and seed maker benefited from strong demand and higher prices. U.S. farmers are pre-buying seeds and chemicals…
By Supantha Mukherjee and Dawn Chmielewski STOCKHOLM/LOS ANGELES -Spotify on Wednesday forecast current quarter subscribers lower than Wall Street expectations, but executives sought to reassure investors that growth had not…
By Julie Gordon and David Ljunggren OTTAWA -Bank of Canada Governor Tiff Macklem said on Wednesday there was uncertainty about how quickly inflation would come back down into the central…
(raw quotes from witnesses, victims and officials in a breaking news situation) – Facebook owner Meta Platforms Inc shares plunged 22% late on Wednesday after the social media company missed…
By Andrea Shalal WASHINGTON – After an earlier nominee for a top U.S. banking regulation post was torpedoed, White House officials are determined not to let it happen again and…
By Maiya Keidan and Svea Herbst-Bayliss TORONTO, BOSTON -Stock-picking hedge funds ended a volatile January with losses after markets went on a roller-coaster ride on geopolitical turmoil and the prospect…
By Ann Saphir and Howard Schneider – In the summer of 2005, Philip Jefferson spent several weeks learning from fellow Swarthmore College professor Amy Vollmer how to genetically engineer bacteria…
By Lewis Krauskopf and John McCrank NEW YORK – Alphabet Inc’s 20-for-1 stock split puts it on course to follow other major companies that have executed similar moves in recent…
By Tatiana Bautzer and Carolina Mandl SAO PAULO – Brazil’s economic downturn may represent an opportunity for Latin America’s newest listed lender to gain market share aggressively despite the riskier…
– MetLife Inc’s fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of…
By David Shepardson WASHINGTON -The White House and Environmental Protection Agency on Wednesday urged the U.S. Postal Service (USPS) to reconsider its plan to buy a new multi-billion-dollar fleet of…
By Helen Coster and Dawn Chmielewski – CNN President Jeff Zucker, whom industry insiders speculated would play a larger role when the network becomes part of Discovery, resigned on Wednesday,…
By Gertrude Chavez-Dreyfuss NEW YORK – The dollar declined to a more than a one-week low on Wednesday after data showed a drop in U.S. private sector employment in January…
By David Shepardson WASHINGTON – U.S. labor unions and a consumer safety advocate on Wednesday urged the Biden administration to add more safeguards to ensure autonomous vehicles are safe before…
By David Gaffen NEW YORK – Oil prices edged up on Wednesday after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly.…
By David Shepardson and Patricia Zengerle WASHINGTON – The U.S. House of Representatives on Wednesday advanced a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor…
By Isla Binnie and Christoph Steitz MADRID/FRANKFURT -Struggling wind turbine maker Siemens Gamesa on Wednesday named a new chief executive for the second time in less than two years, more…
SAO PAULO – Volvo’s Brazilian unit announced on Wednesday that it will invest 1.5 billion reais ($283.36 million) in the country by 2025, after reporting record truck sales last year.…
From the Desk of Senator Joe Pennachio A recent Johns Hopkins University analysis found that COVID lockdowns have been virtually useless, and State Senator Joe Pennacchio said the new revelations are further…