Breaking Business news from across New Jersey.
By Anna Ringstrom STOCKHOLM – Gardening equipment maker Husqvarna posted record profits on Thursday as locked down consumers spent big on domestic projects, but it signalled that the supply bottlenecks …
A look at the day ahead in markets from Dhara Ranasinghe. If you were hoping for calm before Thursday’s Bank of England and European Central Bank meetings, forget it. U.S. …
By Andy Bruce LONDON – Facing pressure to curb surging inflation, the Bank of England looks set to raise interest rates again on Thursday and signal further unwinding of its …
ZURICH – Swisscom named Christoph Aeschlimann as new chief executive on Thursday to succeed Urs Schaeppi when he steps down on June 1 after nine years in the post, the …
STOCKHOLM – Sweden’s Skanska reported on Thursday a quarterly profit above market expectations, and said market activity in construction had picked up gradually during the year. Fourth-quarter operating profit at …
By Valentina Za, Elisa Anzolin and Elvira Pollina MILAN – For years Dionisio Archiutti had seen his father toy with the idea of bringing a new investor into the family …
– French vaccine developer Valneva targets increasing its revenues year-on-year by up to 70% thanks to a boost from its COVID-19 vaccine candidate, it said on Thursday. The company sees …
By Davide Barbuscia and David Randall NEW YORK – The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, …
– Publicis Groupe, the world’s third-biggest advertising agency, on Thursday forecast organic sales growth of 4% to 5% this year, after its 2021 earnings exceeded their pre-pandemic levels to reach …
By Saqib Iqbal Ahmed NEW YORK – The dollar’s choppy start to the year has not dissuaded some investors from betting the U.S. currency will soon resume its march higher, …
By Sam Nussey TOKYO – Shares in Sony Group Corp slid as much as 8.8% in early trade in Tokyo on Thursday after four consecutive days of gains as concerns …
San Francisco – The U.S. safety regulator said on Wednesday that it is reviewing consumer complaints that Tesla vehicles are activating the brakes unnecessarily, in the latest regulatory scrutiny of …
By Renju Jose SYDNEY – Iron ore magnate Andrew Forrest said on Thursday he is launching criminal proceedings against Meta Platform Inc’s Facebook in an Australian court, alleging that it …
BERLIN – Opel plans on hiring several hundred temporary workers to help deliver its new Astra model, a spokesperson told German paper Wirtschaftswoche on Thursday, in part to compensate for …
By Elizabeth Culliford and Nivedita Balu – Facebook owner Meta Platforms Inc’s shares plunged more than 20% late on Wednesday after the social media company posted a weaker-than-expected forecast, blaming …
By Ann Saphir and Jonnelle Marte – U.S. President Joe Biden’s nominees to the Federal Reserve Board came out swinging against high inflation on Wednesday, saying rising prices pose a …
TOKYO – Japan’s services sector activity contracted at the fastest pace in five months in January in a sign businesses faced pressure from a record surge in new coronavirus infections …
By Erwin Seba HOUSTON – The United Steelworkers union (USW) will conduct meetings on Thursday to consider the next steps in talks for a new contract covering workers at U.S. …
By Huw Jones LONDON – The price of bond market data has risen by half over the past five years, which could prompt some users to quit the market and …
By Hari Kishan and Shrutee Sarkar BENGALURU – The U.S. dollar will reign supreme for at least another 3-6 months, a Reuters poll of strategists found, saying it will take …
By David Shepardson WASHINGTON -The White House and Environmental Protection Agency (EPA) on Wednesday urged the U.S. Postal Service (USPS) to reconsider its plan to buy a new multibillion-dollar fleet …
By David French – All three Wall Street benchmarks ended higher on Wednesday, rising for a fourth straight session after a turbulent start to the year, aided by upbeat earnings …
By Jonathan Stempel NEW YORK – A federal judge on Wednesday dismissed a proposed class-action lawsuit accusing Apple Inc of misleading consumers about how resistant its iPhones are to water …
By Tiyashi Datta and Jane Lanhee Lee -Qualcomm Inc posted record first-quarter revenue on Wednesday and beat Wall Street forecasts for the current quarter, boosted by strong growth in the …
By David Shepardson WASHINGTON – Major airlines, business and travel groups urged the White House on Wednesday to end COVID-19 pre-departure testing requirements for vaccinated international passengers traveling to the …