Breaking Business news from across New Jersey.
By Roushni Nair and Sameer Manekar (Reuters) – Singapore’s Keppel Corp posted a steeper-than-expected drop in annual profit on Thursday hurt by its urban development unit, but forecast China’s easing…
(Reuters) – Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, is naming Karen Karniol-Tambour as its third co-chief investment officer. Karniol-Tambour, 37, joins Bob Prince and Greg Jensen…
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to operate at between 85% and…
By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly and Co missed Wall Street estimates for fourth-quarter sales of both the closely-watched new type 2 diabetes drug Mounjaro and its…
By Arunima Kumar and Liz Hampton (Reuters) -ConocoPhillips said on Thursday its profit more than doubled to $18.7 billion in 2022, the highest since the oil company spun off its…
By Mike Scarcella (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit…
By Mathieu Rosemain and Dominique Vidalon PARIS (Reuters) – Casino’s preliminary talks with Teract to combine their French retail activities perplexes some analysts, who say a deal wouldn’t address the…
By Howard Schneider, Balazs Koranyi and William Schomberg WASHINGTON/FRANKFURT/LONDON (Reuters) – Global central banks that raced to raise interest rates last year amid soaring inflation are now laying the groundwork…
(Reuters) -New York Stock Exchange-owner Intercontinental Exchange Inc on Thursday reported a fourth-quarter profit slightly below Wall Street expectations, as rising interest rates weighed on the company’s mortgage software business,…
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Central bank policy announcements, once viewed as the rule book for how markets should move, are not resonating with traders any…
By Dan Levine and Mike Spector (Reuters) – Attorney Greg Gordon, a partner at the Jones Day law firm, offered an innovative solution to Johnson & Johnson and other major…
LONDON (Reuters) – Jeffrey Sherman, Deputy CIO at DoubleLine, sees some “pockets” of opportunity in commercial real estate, including offices, after bond markets rallied this year. Sherman, who helps to…
By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the…
By Alison Frankel (Reuters) – In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it…
LOS ANGELES (Reuters) -Netflix Inc has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors and other automakers. The streaming service announced an agreement…
By Federica Urso and Federico Maccioni (Reuters) -CNH Industrial said on Thursday its 2023 net sales of industrial activities would grow by 6-10%, after the group posted stronger-than-expected results in…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one more hike of the…
By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England signalled the tide was turning in its battle against high inflation after it raised interest rates on…
MADRID (Reuters) – Workers at an Amazon logistics centre on the outskirts of Barcelona protested on Thursday on the second day of an indefinite strike sparked by the company’s plans…
ISLAMABAD (Reuters) -Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan. 27, the State Bank of Pakistan (SBP) said…
By Amruta Khandekar and Ankika Biswas (Reuters) – Euro zone shares hit their highest level in nearly a year on Thursday, as hawkish messages from the European Central Bank (ECB)…
By Bianca Flowers and Aishwarya Nair (Reuters) -Harley-Davidson Inc reported higher-than-expected quarterly profit on Thursday as a boost in bike shipments, coupled with strong pricing, allowed the motorcycle maker to…
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank CEO Christian Sewing on Thursday refused to rule out job cuts as the bank strives to lower costs, in…
By Gabriel Araujo SAO PAULO (Reuters) -Banco Santander Brasil SA on Thursday reported a large fourth-quarter net profit miss as loan-loss provisions rose against a backdrop of higher interest rates…
PARIS (Reuters) – France’s Renault and its Japanese partner Nissan will formally unveil the agreement to reshape their alliance on Feb. 6 in London, the two car makers said in…