Breaking Business news from across New Jersey.
By Bernardo Caram BRASILIA (Reuters) – Brazil’s finance ministry sees room for leftist President Luiz Inacio Lula da Silva to raise the minimum wage as of May at a cost…
By Matt Tracy WASHINGTON (Reuters) – Banks are hoping to quicken the pace of offloading at least some of the billions of dollars of leveraged buyout debt stuck on their…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated sharply in January while the unemployment rate hit more than a 53-1/2-year low of 3.4%, pointing to a stubbornly tight…
By Karen Brettell NEW YORK (Reuters) – The dollar jumped on Friday after data showed that U.S. employers added significantly more jobs in January than economists expected, potentially giving the…
NEW YORK (Reuters) – The Federal Reserve is likely to raise interest rates by another 25 basis points (bps) at the March policy meeting following a blockbuster U.S. non-farm payrolls…
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly on Friday said the 5.1% policy rate that most Fed policymakers thought as of December would ultimately be…
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy likely returned to growth in the last quarter of 2022 as the country reopened to tourists, offsetting weakening corporate activity and exports…
By Stefanie Eschenbacher MEXICO CITY (Reuters) – Mexico is gearing up to build several manufacturing hubs for electric vehicles across the country, Foreign Minister Marcelo Ebrard told Reuters, and is…
By Howard Schneider WASHINGTON (Reuters) – A blowout January employment report and continued record numbers of job openings have left the U.S. Federal Reserve with a growing dilemma of whether…
By Allison Lampert and Aishwarya Nair MONTREAL (Reuters) -The major pilots union in North America and the union representing Air Canada pilots have had initial talks about a merger at…
By Jonathan Stempel (Reuters) – A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a Black former employee who said…
BERLIN (Reuters) – The European Union wants to avoid a subsidy race against the United States and does not want to fare behind Mexico or Canada as a trading partner,…
By Dietrich Knauth (Reuters) – Current and former U.S. military members suing 3M over allegedly defective military earplugs have asked a U.S. judge to dismiss 3M subsidiary Aearo Technologies’ bankruptcy,…
By Daniel Wiessner (Reuters) – Twitter Inc is refusing to arbitrate legal claims by hundreds of ex-employees who cannot produce copies of employment contracts they signed, after the company successfully…
By Christian Akorlie and Cooper Inveen ACCRA (Reuters) – Germany’s finance minister singled out China during a visit to Ghana on Friday, as he called on countries that have lent…
By Marcela Ayres BRASILIA (Reuters) -A new wave of criticism from Brazilian President Luiz Inacio Lula da Silva and his Cabinet against the central bank weighed on financial markets on…
By David Shepardson WASHINGTON (Reuters) -The U.S. Treasury Department said Friday it will make more Tesla , Ford Motor, General Motors and Volkswagen electric vehicles eligible for up to $7,500…
By Leroy Leo (Reuters) -Cigna Corp expects its pharmacy benefit management unit to earn more from the second half of 2023 as makers of cheaper versions of AbbVie Inc’s arthritis…
By Susan Heavey and Chris Prentice WASHINGTON/NEW YORK (Reuters) -Activision Blizzard Inc has agreed to pay $35 million to settle U.S. Securities and Exchange Commission charges that it failed to…
By Daniel Wiessner (Reuters) – A U.S. labor board has cleared the way for 86 technicians at Nissan Motor Co’s Smyrna, Tennessee plant to vote on whether to join a…
MADRID (Reuters) – A Spanish court has ruled that Amazon must compensate self-employed couriers who used their own vehicles for deliveries, a move welcomed by a labour union that has…
By Simon Jessop LONDON (Reuters) – Paul Bodnar, the head of sustainability policy and engagement at BlackRock, the world’s biggest asset manager, is to join tech mogul Jeff Bezos’ $10…
By Tanvi Mehta (Reuters) -Credit ratings agency S&P on Friday cut its rating outlook on Adani Ports and Special Economic Zone and Adani Electricity to negative from stable, while peer…
SHANGHAI (Reuters) – China’s move this week to streamline stock market listing rules is unlikely to result in a flood of initial public offerings, bankers say, citing the prospect of…
By James Pearson and Danilo Masoni LONDON/MILAN (Reuters) -A ransomware attack that hit ION Trading UK could take days to fix, leaving scores of brokers unable to process derivatives trades,…