Breaking Business news from across New Jersey.
By Huw Jones LONDON (Reuters) – Tougher accounting rules may be needed that force companies to write down goodwill faster and stop “overly optimistic” calculations, a global securities watchdog said…
By Noe Torres MEXICO CITY (Reuters) – Mexico’s peso currency has reached its highest value versus the U.S. dollar in seven years, as the president celebrates its strength but analysts…
(Reuters) – Meta Platforms’ Oversight Board has asked the social media firm to evaluate efforts to prevent promotion of political violence on its platforms, after it allowed a video calling…
By Yuvraj Malik (Reuters) -A group of buyers including Fortress Investment Group may take over Vice Media after the consortium’s $225-million offer for the bankrupt company emerged as the only “qualified”…
FRANKFURT (Reuters) – The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now…
By Carolina Pulice MEXICO CITY (Reuters) – Brazilian retailer Americanas SA is scrambling to finalize its fourth-quarter income statement even as it redoubles efforts to get creditors on side for…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar advanced against a basket of currencies on Thursday after Fed Chair Jerome Powell backed more U.S. rate increases albeit at…
By Tom Polansek CHICAGO (Reuters) – More than 200 workers who clean meat plants have unionized after their employer paid U.S. fines for hiring children to do dangerous jobs sanitizing…
By Jonathan Stempel (Reuters) -Warren Buffett has donated another $4.64 billion of Berkshire Hathaway stock to five charities, boosting his total giving since 2006 to more than $51 billion. The…
By Deborah Mary Sophia and Chibuike Oguh (Reuters) -Shares of Overstock.com jumped on Thursday after the online retailer won an auction for a portion of the assets of bankrupt home…
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department plans to lend up to $9.2 billion to a joint venture of Ford Motor and South Korea’s SK On to…
(Reuters) – Electric aviation and regional air travel company Surf Air Mobility said on Thursday it expects the company’s shares to start trading on July 11, setting the stage for…
By Patricia Zengerle WASHINGTON (Reuters) -The U.S. Senate voted overwhelmingly on Thursday in favor of a tax treaty with Chile seen as crucial for ensuring access for U.S. companies to…
By Stephanie Kelly NEW YORK (Reuters) -Oil futures fell about 4% on Thursday, as a bigger-than-expected Bank of England rate hike prompted worries about the economy and fuel demand that…
By Elvira Pollina and Giuseppe Fonte MILAN (Reuters) -Telecom Italia (TIM) has granted U.S. fund KKR a period of exclusive negotiations for the sale of its landline grid, the Italian…
(Reuters) – General Electric’s aerospace unit said on Thursday it has signed an agreement with India’s state-owned Hindustan Aeronautics Ltd to make fighter jet engines for the Indian Air Force.…
BRASILIA (Reuters) -Brazilian financial markets on Thursday showed many traders still betting the central bank will kick off a cycle of interest rate cuts in August, even as some economists…
By Sara Merken (Reuters) -Plaintiffs’ lawyers have asked a San Francisco federal judge to award more than $181 million in legal fees as part of a $725 million data privacy…
By Hyunjoo Jin and Greg Bensinger SAN FRANCISCO (Reuters) – Forget about famed boxing bouts like the Rumble in the Jungle or the Thrilla in Manila — billionaire social media…
MADRID (Reuters) – Recent interest rate hikes by the European Central Bank should be fully transmitted to savers and reflected in higher deposit rates, ECB Vice-President Luis de Guindos said…
By Patricia Zengerle WASHINGTON (Reuters) – The U.S. Senate voted overwhelmingly on Wednesday to advance a tax treaty with Chile, paving the way for final approval of a pact seen…
By Pete Schroeder WASHINGTON (Reuters) -U.S. banks are pushing to soften a major regulatory proposal to hike bank capital requirements, worried it could prove too onerous, especially for lenders still…
By Ali Kucukgocmen and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank hiked its key rate by 650 basis points to 15% on Thursday and said it would go further in…
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – The first Paris Airshow in four years has clocked up billions of dollars in commercial jet orders…
BRASILIA (Reuters) -Brazil’s Senate on Wednesday approved fiscal rules proposed by President Luiz Inacio Lula da Silva’s government, considered vital in preventing a surge in public debt. The project received…