Breaking Business news from across New Jersey.
By Lewis Krauskopf, Shreyashi Sanyal and Johann M Cherian NEW YORK (Reuters) – Major U.S. stock indexes sank on Monday, weighed down by declines in technology and other megacap shares,…
NEW YORK (Reuters) – Nike Inc sued Lululemon Athletica Inc on Monday, saying that at least four of the Canadian athletic apparel company’s footwear products infringe its patents. Nike in…
By Xinghui Kok and Chen Lin SINGAPORE, (Reuters) – Like many rich Chinese, graduate student Zayn Zhang thinks Singapore could be ideal to park his family’s wealth. He’s hoping that…
(Reuters) -Dollar General Corp’s Chief Financial Officer John Garratt would retire effective June 2, the discount store chain said on Monday, adding that it will “evaluate options” for its next…
MUMBAI (Reuters) -India’s annual pre-budget economic survey is likely to peg GDP growth at 6-6.8% for 2023-24, according to a source. The government survey is likely to say that growth…
By David Shepardson WASHINGTON (Reuters) -TikTok Chief Executive Shou Zi Chew will appear before the U.S. Energy and Commerce Committee in March, as lawmakers scrutinize the Chinese-owned video-sharing app. Chew…
By Helen Coster (Reuters) -Paramount Global on Monday said it would integrate Showtime with Paramount+ across both streaming and linear platforms later this year, rebranding the premium tier of its…
By David Shepardson WASHINGTON (Reuters) – A U.S. auto safety agency said Monday it was imposing a $130 million civil penalty on AB Volvo unit Volvo Group North America, following…
(Reuters) – U.S. home appliances maker Whirlpool Corp forecast full-year profit above Wall Street estimates on Monday, helped by cost cuts and easing raw material prices. Shares of the appliance…
By Rajesh Kumar Singh CHICAGO (Reuters) -Pilots at JetBlue Airways Corp have overwhelmingly approved a two-year contract extension, their union said on Monday. The Air Line Pilots Association (ALPA), which…
By Stephen Culp (Reuters) – A look at the day ahead in markets from Stephen Culp, New York stock market reporter. Wall Street’s downbeat start to an action-packed week has…
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks retreated on Monday after six sessions of gains while U.S. Treasury yields rose ahead of central bank policy…
By Mimosa Spencer PARIS (Reuters) -Sabato De Sarno, newly appointed by Kering to reinvigorate its prized Gucci brand, needs to spark heat with a new direction, analysts say – a…
By Jonathan Stempel NEW YORK (Reuters) – The U.S. government on Monday urged a judge to reject Sam Bankman-Fried’s claim it went too far by insisting that the indicted founder…
(Reuters) -United Airlines Holdings Inc technicians ratified a two-year contract with the carrier that includes 16% to 23% wage increases, their union said on Monday. International Brotherhood of Teamsters, representing…
By Brendan Pierson (Reuters) -Drug manufacturers can limit healthcare providers’ use of outside pharmacies for dispensing drugs under a federal drug discount program, a federal appeals court ruled Monday. The…
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Monday, a day before the Federal Reserve was due to begin a two-day policy meeting, while the euro was…
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped 2% on Monday, extending losses as looming increases to interest rates by major central banks weighed on demand and Russian exports remained…
LIMA (Reuters) – The huge Chinese-owned Las Bambas copper mine in Peru, normally the supplier of 2% of the metal worldwide, could halt production this week due to protests and…
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries to restore its profitability and improve the safety of its…
By Isla Binnie NEW YORK (Reuters) – An advocacy group focused on the impact of debt markets on climate change called on Monday for major bond investors to shun India’s…
SAO PAULO (Reuters) -Brazil’s Finance Minister Fernando Haddad said on Monday that the new central bank monetary policy director could be tapped from the private sector, a closely followed position…
By Chris Thomas and Aditya Kalra NEW DELHI (Reuters) – Most Adani Group shares fell sharply on Monday as the Indian conglomerate’s rebuttal of a U.S. short-seller’s criticism failed to…
(Reuters) -Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg…
By Richa Naidu LONDON (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July in a move that was welcomed by investors including…