Breaking Business news from across New Jersey.
JAKARTA – Taiwan-based Foxconn will launch an investment to manufacture electric vehicles and batteries in Indonesia in the third quarter, an Indonesian minister said, amid efforts by Southeast Asia’s biggest …
By Byron Kaye and Shashwat Awasthi -National Australia Bank Ltd, the country’s No. 2 lender, posted a bigger-than-expected jump in first-quarter profit on Thursday as a robust property market brought …
WASHINGTON – Toyota Motor Corp said on Wednesday it did not expect its auto plants in Ontario to produce vehicles for the rest of the week, because of supply problems …
By Carlos Osorio, Blair Gable and Jarrett Renshaw WINDSOR/OTTAWA/WASHINGTON -Ford and Toyota on Wednesday both said they were halting some production as anti-coronavirus mandate protesters blocked U.S-Canada border crossings that …
TOKYO – Japan’s core consumer inflation likely slowed in January from the previous month, a Reuters poll showed, reinforcing expectations the country’s central bank will lag well behind other economies …
By Rowena Edwards LONDON – Global supplies of diesel are dwindling as refiners struggle to keep pace with rapid post-pandemic demand recovery, exacerbating an acute global energy shortage which has …
HONG KONG -Shares of China Evergrande Group jumped on Thursday after the chairman of the world’s most indebted property developer said it would resume construction, and ruled out fire sales. …
– Nuix Ltd said on Thursday that Australia’s corporate regulator will take no further action against the software maker, backed by conglomerate Macquarie Group Ltd, over prospectus forecasts filed ahead …
SAO PAULO – Planemaker Embraer SA announced on Wednesday it had reached a deal with Brazilian Air Force to cut its order for 28 KC-390 military cargo planes to 22 …
LONDON – Already rapid house price growth in Britain hit a new six-month high in January but momentum in the housing market could soon fade because of a growing cost-of-living …
LONDON – British retailers have cancelled 7.1 billion pounds ($9.6 billion) in contracts over the last 12 months with suppliers that do not meet their ethical and sustainability standards, according …
-Most of Wells Fargo & Co’s employees, including those in customer-facing roles, will return to their offices on March 14 and work under a hybrid flexible model, according to a …
By Nichola Saminather and Sohini Podder – Canadian insurers Manulife Financial and Sun Life Financial narrowly beat quarterly earnings expectations on Wednesday, driven by strong growth in their asset management …
– Western Digital Corp said on Wednesday certain materials at two of its manufacturing units in Japan, operated by joint-venture partner Kioxia Holdings Corp, were contaminated and will result in …
By Andrea Shalal and Diane Bartz WASHINGTON – The U.S. Treasury Department on Wednesday flagged concerns about consolidation in the $250 billion annual U.S. alcohol market and outlined reforms it …
By Helen Coster and Eva Mathews -Walt Disney Co’s Disney+ subscriber growth restored faith in the future of streaming video and strong attendance at U.S. theme parks added luster to …
By Noel Randewich and Bansari Mayur Kamdar – Wall Street jumped on Wednesday, closing sharply higher as megacap growth stocks powered up thanks to a pause in rising interest rates, …
By Tina Bellon and Nivedita Balu -Uber Technologies Inc on Wednesday reported its second quarterly operating profit as demand for its ride-hailing service approached pre-pandemic levels and its food delivery …
WASHINGTON – Ford Motor Co said on Wednesday that an interruption to traffic at a key U.S.-Canadian bridge, as a result of demonstration against coronavirus mandates, has hurt production at …
By Chris Prentice and Dhara Ranasinghe WASHINGTON/LONDON – World stocks rallied on Wednesday, with Wall Street rising again on a Big Tech boost and European shares gaining on strong earnings …
By Deborah Mary Sophia and Uday Sampath Kumar – Mattel Inc forecast full-year profit above estimates on Wednesday, with the company confident robust demand for its Barbie dolls and other …
By Ann Saphir -The Federal Reserve Bank of Boston on Wednesday named University of Michigan provost Susan Collins as its next chief, making her the first Black woman to lead …
By Supantha Mukherjee – Sony said on Wednesday it has created an artificial intelligence agent called Gran Turismo Sophy (GT Sophy) that was able to beat world’s best drivers of …
By Hannah Lang and Herbert Lash NEW YORK -The dollar slid further on Wednesday and the euro extended gains following a hawkish shift from the European Central Bank last week …
By David Gaffen NEW YORK -Oil prices rallied on Wednesday after U.S. crude inventories dropped by nearly 5 million barrels and fuel demand rose to an all-time high, underscoring the …