Breaking Business news from across New Jersey.
By Gertrude Chavez-Dreyfuss NEW YORK -The dollar fell for a second straight session on Tuesday, after hitting a 19-month peak at the end of last week, on weaker-than-expected U.S. economic…
NEW YORK -St. Louis Federal Reserve Bank President James Bullard said he sees the unemployment rate falling below 3% this year, a jobless rate the U.S. economy last seen in…
By David Shepardson WASHINGTON -Members of the United Auto Workers (UAW) will directly elect officers after a referendum required as part of a 2020 Justice Department settlement to resolve a…
– St. Louis Federal Reserve President James Bullard on Tuesday said he favors lifting rates at the U.S. central bank’s meeting in March and likely again in May, but he…
By Yoruk Bahceli – A record amount of more than half a trillion dollars of debt was raised in January by companies as issuers scrambled to take advantage of attractive…
By Lucia Mutikani WASHINGTON – A measure of U.S. manufacturing activity fell to a 14-month low in January amid an outbreak of COVID-19 cases, supporting the view that economic growth…
By Sabrina Valle HOUSTON – Exxon Mobil Corp on Tuesday reported a fourth-quarter profit of $8.87 billion, its largest in seven years, as the top U.S. oil producer benefited from…
By Dietrich Knauth and Tom Hals – A federal judge on Tuesday extended a legal shield protecting the Sackler family owners of Purdue Pharma from lawsuits to Feb. 17, as…
Tesla is recalling thousands of vehicles due to a software glitch enabling the cars to run through stop signs. The company will recall 53,882 2016-2022 Model S and Model X,…
Police are investigating a massive brawl that broke out inside a Bensalem, Pennsylvania, buffet Friday evening. Customer Alexis Rios said the fight was started by a steak-related misunderstanding, according to…
TULSA, OK – All Bob Morton wanted for Christmas was a dinosaur, but he didn’t get one. So he went to the American Association of Petroleum Geologists and stole theirs…
By Jeffrey Dastin – When Amazon.com Inc on Thursday reports how it fared during the holiday quarter, a key question will be if the retailer will finally raise the price…
By Krystal Hu and Chibuike Oguh – Buyout firm KKR & Co Inc is exploring a sale or an initial public offering for Optiv Security Inc, a U.S. cybersecurity solutions…
WASHINGTON – U.S. job openings increased to near record highs in December, suggesting a deceleration in employment growth at the end of last year was largely the result of worker…
WASHINGTON – U.S. inflation risks being pushed to a permanently higher level if the Federal Reserve does not get the current bout of price increases under control, Atlanta Fed president…
BELLMAWR, NJ – During the COVID-19 pandemic, U.S. Congressman Andy Kim was one of Governor Phil Murphy’s biggest lockdown cheerleaders. Kim praised the governor for his actions during the pandemic…
TORONTO – Canadian manufacturing activity expanded at the joint-slowest pace in 11 months in January as material shortages and disruptions from the Omicron coronavirus variant held back output, data showed…
– Private equity firms Blackstone Inc and Carlyle Group Inc are in talks about potentially teaming up on a bid for Swiss drugmaker Novartis’ generics unit, Bloomberg News reported on…
By Brenna Hughes Neghaiwi ZURICH -UBS on Tuesday reported its best annual profit since the global financial crisis, emboldening it to hike share buybacks and set more ambitious profit goals…
By Julie Gordon OTTAWA -Canada’s economy climbed to above pre-pandemic levels for the first time in November, bolstering a strong fourth quarter even as activity stagnated in December with the…
By Mike Stone WASHINGTON -Lockheed Martin Corp said on Tuesday it named Jesus “Jay” Malave, who was senior vice president and CFO at L3Harris, as the company’s chief financial officer,…
NEW YORK -It may be appropriate for the Federal Reserve to raise interest rates four times this year, and to move more aggressively if the factors leading to higher inflation,…
BRUSSELS – Euro zone unemployment fell to its lowest level on record in December, data showed on Tuesday, testament to the strength of the economic recovery and the effectiveness of…
By Supantha Mukherjee and Tiyashi Datta – The New York Times Co’s acquisition of Wordle has created uproar on social media, with fans expressing fears that the popular online word…
– Home Depot Inc said on Tuesday it would hire more than 100,000 workers across its stores and warehouses, as the retailer gears up for its key spring selling season…