Breaking Business news from across New Jersey.
By Paresh Dave and Nivedita Balu -Google parent Alphabet Inc reported record quarterly sales that topped expectations on Tuesday, as its internet advertising business surged on consumers using Google search…
– Electric vehicle firm Faraday Future Intelligent Electric Inc said on Tuesday its review had identified certain inaccurate statements made by its employees to investors and announced changes in its…
By David Shepardson WASHINGTON -It will likely take “years” to permanently address airplane interference issues caused by the deployment of 5G wireless in the C-band, a group representing major U.S.…
By Joseph White and Ben Klayman DETROIT -General Motors Co on Tuesday said it will spend more than the $35 billion previously planned through 2025 to speed up launches of…
By Erwin Seba HOUSTON -Union and energy company negotiators met on Tuesday without reaching agreement on a new labor contract covering 30,000 U.S. workers at oil refineries, chemical plants and…
By Siddharth Cavale and Arriana McLymore -United Parcel Service Inc projected 2022 revenue above market expectations and doled out its biggest dividend boost on Tuesday, as the logistics giant posted…
WASHINGTON – The U.S. House of Representatives plans a procedural vote on Wednesday on a bill https://www.reuters.com/business/us-house-leaders-set-unveil-chips-china-competition-bill-2022-01-25 aimed at increasing U.S. competitiveness with China and supporting the U.S. chip industry,…
By Nate Raymond – The three largest U.S. drug distributors and drugmaker Johnson & Johnson have agreed to pay $590 million to resolve claims by hundreds of Native American tribes…
By Sohini Podder -PayPal Holdings Inc on Tuesday forecast first-quarter revenue and profit well below expectations, as it prepares to take a hit from eBay Inc’s ongoing move to ditch…
By David Lawder and Andrea Shalal WASHINGTON -China has failed to meet its commitments under a two-year “Phase 1” trade deal that expired at the end of 2021, and discussions…
By Yuvraj Malik and Chavi Mehta -Advanced Micro Devices Inc forecast 2022 revenue above expectations on Tuesday, driving its shares up as much as 11% in after-hours trading, as stellar…
– Electric Last Mile Solutions Inc, a maker of battery-powered delivery vehicles, said on Tuesday that its top two executives had resigned following an investigation into their share purchases, sending…
By Noel Randewich – Shares of chipmakers Nvidia Corp, Qualcomm Inc and Micron Technology Inc got a lift in extended trade on Tuesday after Advanced Micro Devices Inc reported strong…
-Match Group Inc softened its full-year revenue forecast on Tuesday as the Tinder owner expects the Omicron COVID-19 variant to continue hindering dates and meet-ups. The impact from the pandemic…
By David Shepardson WASHINGTON – Tesla Inc will recall 53,822 U.S. vehicles with the company’s Full Self-Driving (Beta) software that may allow some models to conduct “rolling stops” and not…
By Katanga Johnson WASHINGTON -Global equity markets wavered on Tuesday as a new month saw investors weigh strong earnings from big-name U.S. companies against mixed economic data and inflation worries.…
By Caroline Valetkevitch NEW YORK -U.S. earnings news has been less impressive this reporting season than in recent quarters, giving some investors another reason to worry after Wall Street’s tumultuous…
By Praveen Paramasivam – Workers at nearly 80 King Soopers, owned by Kroger Co, approved a new three-year contract, the Colorado-based chain said on Tuesday, ending a stalemate that had…
By Deena Beasley -Gilead Sciences Inc on Tuesday posted lower-than-expected fourth-quarter earnings, citing a $1.25 billion legal settlement involving HIV drug patents and a charge related to its collaboration with…
NEW YORK – Latin American stocks outperformed their peers and the developed world in January and some regional currencies are among the strongest against the dollar so far in 2022,…
By Ann Saphir and Howard Schneider -St. Louis Federal Reserve President James Bullard on Tuesday said he favors starting the turn to tighter U.S. monetary policy with successive rate increases…
By Supantha Mukherjee, Helen Coster and Elizabeth Culliford – U.S. podcaster Joe Rogan apologized and pledged more balance on his show amid a backlash against COVID-19 misinformation on the streaming…
WASHINGTON -U.S. Republican senators are urging the Biden administration to close a “loophole” in export controls imposed by former President Donald Trump on China’s top chipmaker, SMIC, which they call…
– Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer…
By Laura Sanicola -Oil prices ended little changed on Tuesday, as geopolitical tensions and tight global supplies supported the market even as some speculated that OPEC+ might boost supplies more…