Breaking Business news from across New Jersey.
WASHINGTON (Reuters) – New orders for U.S.-made capital goods fell in December, while shipments declined for a second straight month, suggesting that higher borrowing costs were now pressuring manufacturing. Orders…
By Richa Naidu LONDON (Reuters) – Diageo, the world’s largest spirits maker, signalled on Thursday that robust demand for its drinks as people made pricey cocktails at home during COVID-19…
(Reuters) – JetBlue Airways Corp forecast full-year adjusted profit above Wall Street estimates on Thursday, aided by a strong rebound in travel demand even as economic worries mount. U.S. carriers…
(Reuters) – Burrito chain Chipotle Mexican Grill Inc said on Thursday it was looking to hire 15,000 new full and part-time restaurant workers across North America for its busiest time…
By Sakura Murakami TOKYO (Reuters) -Koji Sato, who was named on Thursday as the future CEO of Japan’s top automaker Toyota Motor Corp, is an engineer with a background in…
By Fergal Smith TORONTO (Reuters) – After the Bank of Canada posted its first ever quarterly loss, the federal government plans to introduce legislation enabling the central bank to retain…
By Jesús Aguado MADRID (Reuters) – Spain’s Sabadell bank handily beat market expectations with its fourth-quarter net profit, helped by higher banking margins, and forecast higher lending income and profitability…
By Karen Brettell (Reuters) – The U.S. Treasury Department next week is likely to announce that it will offer fewer Treasury bills in the second quarter, after hitting its statutory…
By Helen Coster and Eva Mathews (Reuters) – Comcast Corp’s fourth-quarter revenue beat Wall Street expectations on Thursday, as the media company saw continued demand at its theme parks and…
(Reuters) -E-cigarette maker Juul Labs Inc is in early talks with three tobacco giants for a potential sale, strategic investment, licensing or distribution deal, the Wall Street Journal reported on…
By Mike Stone and Nathan Gomes (Reuters) – U.S. defense contractor Northrop Grumman Corp on Thursday forecast full-year sales above Wall Street estimates, as it benefits from strong demand for…
By Kirsti Knolle and Supantha Mukherjee BERLIN/STOCKHOLM (Reuters) -SAP said on Thursday it planned to cut 3,000 jobs, or 2.5% of its global workforce, and explore the sale of its…
LONDON (Reuters) – British retail sales volumes slid over the last month at the fastest rate since April last year, underlining the weak state of the consumer economy in the…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – The Philippine economy ended 2022 with the fastest growth in over four decades underpinned by a robust final quarter,…
By Khushi Mandowara and Leroy Leo (Reuters) – Hospital operators in the U.S. are likely to see a dip in fourth-quarter profits as an ongoing staffing crunch limits their ability…
By Martin Coulter LONDON (Reuters) -European chipmaker STMicroelectronics beat fourth-quarter sales and earnings expectations on Thursday, as strong demand from automotive and industrial customers helped it cope with challenging economic…
ROME (Reuters) – Morale amongst Italian businesses rose in January but consumer confidence worsened, national statistics bureau ISTAT reported on Thursday, pointing to uncertain economic prospects at the start of…
By Michael S. Derby NEW YORK (Reuters) – The amount of money sloshing around the U.S. economy shrank last year for the first time on record, a development that some…
By Maiya Keidan TORONTO (Reuters) – Some of Canada’s top investment banks plan to maintain staffing levels to meet client expectations for the same level of coverage through the ups…
By Ali Kucukgocmen and Ece Toksabay ANKARA (Reuters) – Turkey’s central bank stuck to its forecasts for a sharp drop in inflation on Thursday, saying the increasing predictability of the…
A look at the day ahead in U.S. and global markets from Mike Dolan. There’s no shortage of economic gloom about but optimists have reasons to cling to hopes of…
By Marie Mannes (Reuters) -Swedish truck maker AB Volvo’s supply chain struggles are set to linger, it said on Thursday after reporting fourth-quarter core profit close to analyst expectations. Volvo…
By Takaya Yamaguchi TOKYO (Reuters) -Japan’s government debt will top 1,100 trillion yen ($8.47 trillion) for the first time at the fiscal year end in March 2027 as the country…
TOKYO (Reuters) – Toyota Motor Corp said on Thursday that Akio Toyoda will step down as president and chief executive to become chairman from April 1, and hand over the…
By Leika Kihara TOKYO (Reuters) -The Bank of Japan should let government bond yields move more flexibly and be ready to raise short-term interest rates swiftly if “significant” upside risks…