Breaking Business news from across New Jersey.
By Uday Sampath Kumar (Reuters) -Hershey Co forecast full-year net sales and profit above analysts’ estimates on Thursday, after beating holiday-quarter expectations on steady demand for the company’s candy and …
WASHINGTON (Reuters) – U.S. worker productivity increased faster than expected in the fourth quarter, resulting in a moderation in labor costs growth. Nonfarm productivity, which measures hourly output per worker, …
By Jesús Aguado MADRID (Reuters) – A solid rise in revenues and lending income allowed Spain’s Santander to post an 18% jump in profit to a record 9.6 billion euros …
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s finance minister said on Thursday she disagreed with what she called a “surprise” downgrade of the country’s credit rating by …
By Christian Kraemer and Victoria Waldersee BERLIN (Reuters) – Germany’s Economy Minister Robert Habeck and French Finance Minister Bruno Le Maire will head to Washington next week to press concerns …
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another half a percentage point increase for March, pressing ahead with …
By Samrhitha A (Reuters) – Layoffs in the United States hit a more than two-year high in January as technology firms cut jobs at the second-highest pace on record to …
LONDON (Reuters) – The Bank of England raised interest rates for the 10th time in a row on Thursday, but dropped a pledge to keep increasing them “forcefully” if needed …
By Riddhima Talwani, Kripa Jayaram and Sumanta Sen NEW DELHI (Reuters) – India’s government on Wednesday unveiled a $550 billion budget for the next fiscal year that starts on April …
(Reuters) -Dassault Systemes shares jumped on Thursday as the French software maker forecast revenue growth of between 8% and 9% in constant currency for 2023 after reporting a resilient fourth …
By Victoria Klesty OSLO (Reuters) – Telenor’s fourth-quarter earnings slightly beat expectations on Thursday as the Norwegian telecoms operator forecast continued growth in 2023 in service revenue and core profit …
(Corrects second paragraph to say Volvo Cars is 82%-owned by Geely, not wholly owned) By Norihiko Shirouzu (Reuters) – Volvo Cars is gearing up for an electric blitz to convert …
By Olivier Sorgho (Reuters) – Publicis Groupe, the world’s third-largest advertising company, expects organic net revenue growth of 3-5% this year, it said on Thursday after client spending on digital …
DUBLIN (Reuters) – Ryanair flew 11.8 million passengers in January, the largest ever for the month, as it continues to rapidly grow beyond pre-COVID capacity, company data showed on Thursday. …
A look at the day ahead in U.S. and global markets from Mike Dolan. It looks less like fighting the Fed, than a mild disagreement. As the Federal Reserve slowed …
By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla Inc suppliers are bracing for pressure from Chief Executive Elon Musk and his team to cut their prices further after the electric car …
PRAGUE (Reuters) – Volkswagen’s Skoda Auto will cut production further next week as it struggles with component shortages, trade unions at the Czech carmaker said on Thursday. Shifts will be …
By Kiyoshi Takenaka TOKYO (Reuters) -Sony Group Corp has nudged up its annual profit forecast, helped by a strong showing for its videogame division, and raised its PlayStation 5 game …
By William Schomberg LONDON (Reuters) – The Bank of England is poised to raise interest rates for the 10th time in a row on Thursday to keep up its fight …
By Ann Saphir and Lindsay Dunsmuir (Reuters) – Federal Reserve Chair Jerome Powell had a clear message on Wednesday: as “gratifying” as it is that inflation has begun to slow, …
BERLIN (Reuters) – Siemens Healthineers confirmed its full-year outlook on Thursday despite a drop in quarterly profit driven by low demand in China, as it saw strong order growth in …
By Daniel Leussink TOKYO (Reuters) -Japan’s Panasonic Holdings Corp cut its annual operating profit forecast by 12.5% on Thursday after lower-than-expected third-quarter earnings, hit by headwinds from a slowing global …
BERLIN (Reuters) – German Economy Minister Robert Habeck expressed optimism on Thursday that a trade dispute with the United States over subsidies can be avoided. “I think we have a …
By Maria Martinez BERLIN (Reuters) -German exports fell more than expected in December amid high inflation and market uncertainty, suggesting a slowing down in Europe’s largest economy despite fading supply …
By Aditi Shah and Gilles Guillaume NEW DELHI/PARIS (Reuters) – A revamped alliance between Renault and Nissan will face an early test in India, where the automakers plan new investment …