Breaking Business news from across New Jersey.
(Reuters) -Britain’s competition regulator said on Friday that Photoshop owner Adobe’s $20 billion buyout of cloud-based designer platform Figma may be referred to a deeper investigation as it could “reduce…
By John McCrank and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The last rates based on the tarnished London Interbank Offer Rate, or Libor, were published on Friday, marking a mostly…
LONDON (Reuters) – Two influential lawmakers in the United States and Britain accused HSBC on Friday of contributing to the oppression of people in Hong Kong by thwarting their attempts…
BRUSSELS/FRANKFURT (Reuters) – The European Commission has demanded that German gas importer Uniper divest its Dutch business to obtain regulatory approval for a rescue deal, German daily Handelsblatt reported, citing…
By Ron Bousso LONDON (Reuters) -Shell’s head of renewable generation Thomas Brostrom is leaving the company, a spokesperson said on Friday, weeks after CEO Wael Sawan scaled back its energy…
(This June 29 story has been corrected to remove reference to aspartame in Weight Watchers yoghurts in paragraph 6) By Richa Naidu and Savyata Mishra LONDON (Reuters) – Consumers, food…
(Reuters) – Bausch + Lomb said on Friday it would acquire several Novartis eye-care products for $1.75 billion as their market grows, sending the company’s shares up over 8% in…
By Anirban Sen and Andres Gonzalez NEW YORK/LONDON (Reuters) -Global mergers and acquisitions (M&A) activity fell 36% year-on-year in the second quarter, but investment bankers and lawyers expressed optimism that…
(This June 29 story has been refiled to fix the typo in sub-head to Wagner, not Wager) LONDON (Reuters) – Markets are on the alert to which sectors will buckle…
By Gabriel Araujo SAO PAULO (Reuters) – Power grids around the world are not yet ready for the so-called flying car, an executive with Brazilian start-up Eve Air Mobility told…
By Michael S. Derby and Dan Burns (Reuters) -The U.S. Supreme Court’s striking down of President Joe Biden’s student loan forgiveness plan puts nearly half a trillion dollars of debt…
WASHINGTON (Reuters) – The U.S. Federal Trade Commission has filed an amended complaint alleging that Walmart Inc allowed scam artists to use the company’s money transfer services to defraud consumers,…
By Chavi Mehta (Reuters) -Xpeng’s U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20% lower than Tesla’s Model…
By Emilio Parodi MILAN (Reuters) – Prosecutors in Milan are probing allegations of false accounting in relation to the crisis at Italian life insurer Eurovita, a person with knowledge of…
By Rodrigo Campos and Marc Jones NEW YORK/LONDON (Reuters) – From BlackRock to JPMorgan, some of the world’s top investors are upbeat on emerging markets for the second half of…
BEIJING (Reuters) -China’s central bank said on Friday it would implement prudent monetary policy in a “precise and forceful manner” to support economic growth and employment, amid a slowdown in…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. consumer spending stagnated in May as households cut back on purchases of motor vehicles and other long-lasting goods amid higher borrowing costs, suggesting a…
By Ismail Shakil and Nivedita Balu OTTAWA (Reuters) -Canada’s economy regained momentum in May after stalling in April, Statistics Canada data showed on Friday, leaving the door open for the…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The U.S. dollar’s share of currency reserves reported to the International Monetary Fund rose in the first quarter of the year, in the…
FRANKFURT (Reuters) – Inflation in the euro zone extended its decline in June as the cost of fuel tumbled, more than offsetting an acceleration in prices for services, a preliminary…
(Reuters) – Constellation Brands first-quarter results topped Wall Street expectations on Friday, as the Corona beer maker benefited from higher pricing and steady demand for its alcoholic beverages. Alcohol manufacturers…
By Katherine Masters and Ananya Mariam Rajesh NEW YORK (Reuters) – Some analysts and investors question Nike’s move to sell its sneakers and clothing through other retailers including Macy’s as…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) – Fashion brands are a key driver of demand for green shipping fuels, according to shipping group Maersk, as the sector faces pressure from consumers…
(Reuters) – U.S. consumer spending slowed sharply in May, but persistently strong underlying inflation pressures could compel the Federal Reserve to resume raising interest rates next month. The personal consumption…
(Reuters) – The Federal Reserve is seen slightly less locked in to a July interest rate hike, traders bet on Friday, after a government report showed price pressures eased slightly…