Breaking Business news from across New Jersey.
By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected earnings…
WASHINGTON (Reuters) – President Joe Biden will release his proposed budget on March 9, the White House said on Tuesday, setting a deadline before his meeting with the Republican House…
(Reuters) – United Airlines Holdings Inc on Tuesday announced a new joint venture to develop and commercialize a sustainable aviation fuel (SAF) technology that will use ethanol as a feedstock.…
By Joseph White and Paul Lienert DETROIT (Reuters) – General Motors Chief Executive Mary Barra is betting that moving more slowly than Tesla or Ford to accelerate electric vehicle production…
WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in January as households continued to worry about the economy’s prospects over the next six months, a survey showed on Tuesday. The…
By Gavin Jones ROME (Reuters) – Italy’s economy shrank by 0.1% in the fourth quarter of last year from the previous three months, preliminary data showed on Tuesday, a slightly…
By Bianca Flowers and Aishwarya Nair (Reuters) – Caterpillar Inc’s fourth-quarter earnings slid by 29%, the company reported on Tuesday, citing higher manufacturing costs and foreign currency effects that weighed…
By Dawn Chmielewski (Reuters) – Warner Bros Discovery Inc has reached deals with streaming services Roku Inc and Fox Corp’s Tubi to license 2,000 hours of movies and TV series,…
By Supantha Mukherjee and Dawn Chmielewski STOCKHOLM/LOS ANGELES (Reuters) – Spotify Technology SA told investors Tuesday it would tighten spending and work to become efficient after a year of investments…
By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – A top-10 shareholder in Bayer on Tuesday called on the group’s supervisory board to replace chief executive Werner Baumann quickly, adding…
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -Profits at China’s industrial firms fell 4% in 2022 from a year earlier, official data showed on Tuesday, squeezed by the impact…
By Chiara Elisei, Nell Mackenzie and Pablo Mayo Cerqueiro LONDON(Reuters) – Banks are whittling down a pile of unsold loans that backed private equity buyouts in the cheap-money era and…
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s economy expanded slightly in November, matching expectations, and likely stalled in December, data showed on Tuesday, broadly in line with the…
By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Cash-strapped Pakistan on Tuesday held a first round of talks with the International Monetary Fund (IMF) in a bid to unlock stalled…
WASHINGTON (Reuters) – U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to slow the housing market’s slide…
By Sheila Dang (Reuters) -Budweiser is aiming to appeal to younger beer drinkers with a Super Bowl commercial that features actor Kevin Bacon and hip hop record producer Metro Boomin,…
(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced…
BRASILIA (Reuters) – Brazil’s economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not on the agenda of the Finance Ministry, stressing that the…
By Chris Thomas, Aditya Kalra and Sriram M MUMBAI (Reuters) – Gautam Adani’s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Tuesday they have opened a safety probe into more than 1.8 million Ford Explorer sport utility vehicles over reports windshield…
JAKARTA (Reuters) – Indonesia’s finance minister Sri Mulyani Indrawati is among candidates being considered to be the next central bank governor, replacing the current chief whose term ends in May,…
By Huw Jones LONDON (Reuters) – European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and…
By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a…
(Reuters) – Pentair Plc, which provides water treatment technology, reported better-than-expected quarterly profit and revenue on Tuesday, aided by strong demand for fresh water. Companies have been pressing into global…
By Tom Hals, Mike Spector and Dan Levine (Reuters) -A U.S. appeals court on Monday shot down Johnson & Johnson’s attempt to offload tens of thousands of lawsuits over its…