Breaking Business news from across New Jersey.
(Reuters) -Former Microsoft product chief Panos Panay will lead Amazon.com’s struggling unit responsible for the firm’s Alexa and Echo products. Panay, who was with Microsoft for more than 19 years…
By Sergio Goncalves LISBON (Reuters) -Portugal’s soon to be privatised TAP airline would fit right into IAG’s profile as a developer of airlines and hubs, also strengthening its existing operations,…
By Chris Taylor NEW YORK (Reuters) – When Marc Matsil retired to Connecticut’s bucolic northwest hills two years ago, fly fishing and hiking filled his days. Today, he fills classrooms…
By Helen Reid STOCKHOLM (Reuters) – H&M reported a pick-up in quarterly profit margins on Wednesday, boosting optimism about its turnaround efforts even as the fashion retailer blamed unusually hot…
By Valentina Za and Emilio Parodi MILAN (Reuters) – Private equity firm Cinven has agreed to buy back 160 million euros ($170 million) of debt sold by its insurer Eurovita…
(Reuters) -Snap Inc is shutting its division focused on making augmented reality (AR) services for businesses within months of its launch, as the ad-dependent social media company struggles in a…
By Jan Strupczewski BRUSSELS (Reuters) – U.S. private companies would like to invest in Ukrainian energy, housing, infrastructure, agriculture, transport and mining, but Ukraine must make reforms in accountability and…
(Reuters) – Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia’s Jeddah city, under a deal designed to further the Middle…
(Corrects headline, first paragraph after prosecutor spokesperson corrected statement on what premises were searched to four private properties and Volkswagen’s Wolfsburg location, not four Volkswagen locations) BERLIN (Reuters) – Prosecutors…
By Leigh Thomas PARIS (Reuters) -France’s government will raise welfare and pension payouts next year to help households fight inflation while also seeking to get its public finances under control,…
(Reuters) -Shares of Faraday Future Intelligent Electric slumped on Wednesday, after the cash-strapped electric-vehicle company announced plans to raise up to $90 million through a stock offering as it attempts…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Minneapolis President Neel Kashkari said on Wednesday it is not clear yet whether the central bank is finished…
By Huw Jones LONDON (Reuters) -The Bank of England on Wednesday said it would delay by six months to July 2025 its roll out of the final leg of international…
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments will try to bolster their public finances next year by withdrawing expensive energy price subsidies but slower economic growth and fear…
BEIJING (Reuters) – China will step up anti-corruption efforts in state-owned companies and the financial sector to increase their economic contributions, state news agency Xinhua reported on Wednesday, citing a…
By Mathieu Rosemain and Noele Illien PARIS (Reuters) -France’s top court will rule on Nov. 15 on an appeal by UBS against its conviction in a tax evasion case which…
TRENTON, NJ – While guns and ammunition are subject to standard New Jersey sales tax, there is not an additional tax, but that could change very soon. In fact, Governor…
(Reuters) -The U.S. Treasury Department has designated JPMorgan to provide account validation services for federal government agencies, the investment bank said on Wednesday. JPMorgan will verify critical information for the…
By Francesco Guarascio and Khanh Vu HANOI (Reuters) – Some pilots have left Vietnam’s restructuring Bamboo Airways in the last two months after late salary payments, according to two people…
LISBON (Reuters) -Sustainable aviation fuel (SAF) is likely to stay more expensive than kerosene even when large-scale production kicks in and the cost won’t deter airlines from their carbon emission…
(Reuters) – Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6% by 2025, as the hotel operator expects resilient international travel…
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9 billion bailout package, due to…
By Mike Scarcella (Reuters) – The U.S. Federal Trade Commission’s lawsuit accusing Amazon.com of abusing its retail market power to stifle competition faces hurdles in court, testing the scope of…
By Scott Murdoch, Julie Zhu and Rae Wee HONG KONG (Reuters) -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more…
(Reuters) -The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled developer’s future as it grapples with…