FirstEnergy to host public conference call as New Jersey electric prices soar
TRENTON, NJ – With electric bills climbing across New Jersey, FirstEnergy Corp. announced it will host a public conference call to review its third-quarter financial results and address customer concerns. The call…
Facebook owner Meta to lift veil off its metaverse business
By Elizabeth Culliford – Since October, Facebook has renamed the company, articulated a vision of the internet where people can digitally connect through virtual-reality avatars or teleport to see places like ancient…
Macau Legend says CEO resigns after arrest, shares plummet to record low
By Farah Master and Twinnie Siu HONG KONG -Macau Legend,, which owns and operates a casino resort in Macau, said its chief executive resigned on Monday after he was arrested and detained…
Marketmind: Walk on the wild side
A look at the day ahead from Danilo Masoni. The days of wild swings aren’t over. And with bears and bulls still fiercely wrestling for control, investors could see their nerves tested…
Shell begins trading under simpler, single-line share structure
– Shell began trading with a single line of shares on Monday after the British oil major confirmed the assimilation of its A and B shares over the weekend as part of…
Spanish inflation slows to 6% y/y in Jan on lower power costs
-Spanish inflation slowed to 6% year-on-year in January from 6.5% in December, mainly thanks to lower electricity costs, flash data from the National Statistics Institute (INE) showed on Monday. The 12-month inflation…
Czech billionaire set to accept Aareal takeover offer – source
BERLIN – Czech billionaire Daniel Kretinsky is set to accept a takeover offer for Germany’s Aareal Bank from three financial investors, according to a source. The buyout group, which includes United States-based…
German manufacturing bottlenecks ease in January, Ifo says
BERLIN – The number of German manufacturing companies reporting bottlenecks and problems procuring intermediate products and raw materials eased to 67.3% in January from 81.9% in December, the Ifo economic institute said…
NextEnergy Capital raises record $896 million for solar infrastructure fund
By Simon Jessop LONDON – NextEnergy Capital said on Monday it had raised a record $896 million for its NextPower III ESG fund, focused on solar infrastructure investments in OECD countries –…
Inflation stations: Five questions for the ECB
By Dhara Ranasinghe LONDON – Record euro area inflation rates mean price pressures will top the agenda for European Central Bank policymakers meeting on Thursday. No immediate policy action is expected since…
Dutch telco KPN hikes dividend as earnings rise
AMSTERDAM -Dutch telecom company KPN announced on Monday a new share buyback program and a higher dividend over 2022, as its core profit rose on the back of growing mobile revenues. The…
Japan’s factory output dips more than expected as risks emerge
By Daniel Leussink TOKYO -Japan’s factory output shrank for the first time in three months in December as a decline in machinery production outweighed a small rise in autos, casting a cloud…
Remembering Toms River’s Old Time Tavern
TOMS RIVER, NJ – It’s long gone. It has been replaced with modern amenities, but for those who grew up in Toms River in the 1960s through the early 2000s the Old…
Contractors invited to presentation for Toms River Veterans Administration Clinic construction project
TOMS RIVER, NJ – Contractors are invited to upcoming presentations to work on the upcoming construction of the U.S. Veterans Affairs Community Based Outpatient Clinic in Toms River. Local Interior Trade Contractors…
Japan’s consumer confidence worsens in Jan – govt
TOKYO – Japan’s consumer confidence fell in January for a second month, the government said on Monday, as the rapid spread of the Omicron coronavirus variant dampened shoppers’ mood. A Cabinet Office…
Chinese developer Shimao shares rise nearly 5% after more asset disposals
HONG KONG – Shares of cash-strapped Shimao Group rose on Monday after the Chinese developer and its chairman sold a Shanghai hotel and a stake in a Hong Kong development, respectively, for…
UK businesses scale back pay plans despite higher inflation – Lloyds
LONDON – British businesses are scaling back plans for pay rises and hiring, but almost half intend to increase the prices they charge customers as they seek to manage rapidly rising costs,…
China home builders, suppliers issue spate of profit warnings as Evergrande woes bite
SHANGHAI -A growing number of Chinese construction and decoration companies are writing off assets or issuing profit warnings as debt woes at China Evergrande Group and other property developers debilitate their suppliers.…
Elliott and Vista nears $13 billion deal to buy Citrix – source
By Krystal Hu – Elliott Management Corp and Vista Equity Partners are close to buying Citrix Systems Inc in a deal that values the U.S. cloud computing company at about $13 billion,…
T-Mobile to terminate corporate employees who aren’t vaccinated by April -memo
(This January 29 story corrects blog name) – T-Mobile US Inc will fire corporate employees who are not fully vaccinated against COVID-19 by April 2, according to an internal company memo posted…
France’s Orpea dismisses director general amid mistreatment claims
PARIS – The board of French elderly care home group Orpea has dismissed the company’s director general Yves Le Masne, the company said on Sunday amid claims of resident mistreatment made in…
Crypto giant Binance restricts 281 Nigerian accounts
LAGOS – Binance, the world’s largest cryptocurrency exchange, has restricted the personal accounts of 281 Nigerian users, citing a need to comply with international money laundering laws, its CEO said. Changpeng Zhao…
Deutsche’s Postbank faces strike as wage talks deadlock
BERLIN – Some employees of Deutsche Bank’s Postbank will stage a strike on Monday to raise pressure on management to meet their demands for higher wages in the face of rising inflation,…
German Finance Minister backs early end to green energy levy
BERLIN -Germany may scrap a levy on electricity bills that is used to support renewable power from the second half of the year, to ease the strain of rising energy costs on…
China’s Evergrande seeks legal advice over HK rural plot
HONG KONG – China Evergrande Group said on Sunday that recievers have been appointed for a plot of undeveloped land in Hong Kong’s rural Yuen Long district, in the latest development to…
UK’s Johnson and Sunak: We will go ahead with payroll tax rise
LONDON – A planned increase in British social security contributions from workers and employers will go ahead in April, Prime Minister Boris Johnson and finance minister Rishi Sunak said, despite calls to…
Breaking News
