Breaking Business news from across New Jersey.
(Reuters) – Bridgewater Associates, the hedge fund founded by billionaire Ray Dalio, is naming Karen Karniol-Tambour as its third co-chief investment officer. Karniol-Tambour, 37, joins Bob Prince and Greg Jensen …
By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates last year, and aim to operate at between 85% and …
By Bhanvi Satija and Patrick Wingrove (Reuters) -Eli Lilly and Co missed Wall Street estimates for fourth-quarter sales of both the closely-watched new type 2 diabetes drug Mounjaro and its …
By Arunima Kumar and Liz Hampton (Reuters) -ConocoPhillips said on Thursday its profit more than doubled to $18.7 billion in 2022, the highest since the oil company spun off its …
By Mike Scarcella (Reuters) – Lawyers for Alphabet Inc’s Google LLC on Wednesday said they will ask a federal judge in Virginia to move the U.S. Justice Department’s antitrust lawsuit …
By Mathieu Rosemain and Dominique Vidalon PARIS (Reuters) – Casino’s preliminary talks with Teract to combine their French retail activities perplexes some analysts, who say a deal wouldn’t address the …
By Howard Schneider, Balazs Koranyi and William Schomberg WASHINGTON/FRANKFURT/LONDON (Reuters) – Global central banks that raced to raise interest rates last year amid soaring inflation are now laying the groundwork …
(Reuters) -New York Stock Exchange-owner Intercontinental Exchange Inc on Thursday reported a fourth-quarter profit slightly below Wall Street expectations, as rising interest rates weighed on the company’s mortgage software business, …
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Central bank policy announcements, once viewed as the rule book for how markets should move, are not resonating with traders any …
By Dan Levine and Mike Spector (Reuters) – Attorney Greg Gordon, a partner at the Jones Day law firm, offered an innovative solution to Johnson & Johnson and other major …
LONDON (Reuters) – Jeffrey Sherman, Deputy CIO at DoubleLine, sees some “pockets” of opportunity in commercial real estate, including offices, after bond markets rallied this year. Sherman, who helps to …
By Shankar Ramakrishnan, Svea Herbst-Bayliss and Carolina Mandl (Reuters) -When Hindenburg Research revealed a short position in Adani Group last week, some U.S. investors said they were intrigued about the …
By Alison Frankel (Reuters) – In the midst of a market rout last week that stripped Indian conglomerate Adani Group of $65 billion in market capitalization, Adani announced that it …
LOS ANGELES (Reuters) -Netflix Inc has unveiled a new star for some of its upcoming programming: electric vehicles from General Motors and other automakers. The streaming service announced an agreement …
By Federica Urso and Federico Maccioni (Reuters) -CNH Industrial said on Thursday its 2023 net sales of industrial activities would grow by 6-10%, after the group posted stronger-than-expected results in …
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The European Central Bank raised interest rates by 0.5% on Thursday and explicitly signalled at least one more hike of the …
By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England signalled the tide was turning in its battle against high inflation after it raised interest rates on …
MADRID (Reuters) – Workers at an Amazon logistics centre on the outskirts of Barcelona protested on Thursday on the second day of an indefinite strike sparked by the company’s plans …
ISLAMABAD (Reuters) -Pakistan’s foreign exchange reserves held by the central bank decreased by 16.1% to $3.09 billion in the week ending Jan. 27, the State Bank of Pakistan (SBP) said …
By Amruta Khandekar and Ankika Biswas (Reuters) – Euro zone shares hit their highest level in nearly a year on Thursday, as hawkish messages from the European Central Bank (ECB) …
By Bianca Flowers and Aishwarya Nair (Reuters) -Harley-Davidson Inc reported higher-than-expected quarterly profit on Thursday as a boost in bike shipments, coupled with strong pricing, allowed the motorcycle maker to …
By Tom Sims and Marta Orosz FRANKFURT (Reuters) – Deutsche Bank CEO Christian Sewing on Thursday refused to rule out job cuts as the bank strives to lower costs, in …
By Gabriel Araujo SAO PAULO (Reuters) -Banco Santander Brasil SA on Thursday reported a large fourth-quarter net profit miss as loan-loss provisions rose against a backdrop of higher interest rates …
PARIS (Reuters) – France’s Renault and its Japanese partner Nissan will formally unveil the agreement to reshape their alliance on Feb. 6 in London, the two car makers said in …
By Giulio Piovaccari MILAN (Reuters) – A procession of new models will continue to boost earnings at Ferrari, the Italian luxury sports car maker said on Thursday, as it promised …