Breaking Business news from across New Jersey.
(Reuters) – Visa Inc said on Friday the antitrust division of the U.S. Department of Justice had issued investigative demand earlier this month seeking documents and information about U.S. debit…
By Nandita Bose and Jarrett Renshaw WASHINGTON (Reuters) – The White House on Friday launched a fresh attack against U.S. oil companies, accusing them of using profits to pay shareholders…
By Maiya Keidan and Nell Mackenzie TORONTO/LONDON (Reuters) – As one of Canada’s most bitterly contested acquisitions nears the finish line, a dozen hedge funds including Citadel and Millennium Management…
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera image from displaying. The U.S.…
By Hilary Russ NEW YORK (Reuters) – A&W Restaurants expects the total costs its franchisees pay for paper, burger patties, ice cream and other goods to rise much more slowly…
By Aditya Soni and Nivedita Balu (Reuters) – Intel Corp saw about $8 billion wiped off its market value on Friday after the U.S. chipmaker stumped Wall Street with dismal…
By Herbert Lash NEW YORK (Reuters) -World stocks rallied and the dollar edged up from eight-month lows on Friday as slowing inflation data raised hopes the Federal Reserve can engineer…
(Reuters) -Bed Bath & Beyond Inc’s efforts to find a buyer ahead of a likely bankruptcy filing have stalled, Bloomberg News reported on Friday, citing people with knowledge of the…
By Matt Spetalnick WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken joined with counterparts from across the Americas on Friday seeking to advance efforts to forge a regional economic…
By Niket Nishant (Reuters) – Mastercard Inc and Visa Inc will rely on China reopening to give travel spending a boost, Wall Street analysts said, as the pace of growth…
By Diane Bartz WASHINGTON (Reuters) -U.S. Senator Elizabeth Warren, who has expressed concern about a broad range of corporate consolidation, wrote to the U.S. Federal Trade Commission to urge it…
(Reuters) – Walmart Inc said on Friday it would adjust working hours for its U.S. pharmacy team and implement it nationwide in 4,600 locations, with drugstore operator CVS Health Corp…
By Laura Sanicola (Reuters) -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar clung to modest gains against the euro on Friday after data showed falling U.S. consumer spending and cooling inflation, and as…
WASHINGTON (Reuters) – The United States has secured a deal with the Netherlands and Japan to restrict exports of some advanced chip-making machinery to China in talks that concluded on…
BERLIN (Reuters) – Morgan Stanley’s infrastructure investment arm informed the board of German renewables firm PNE AG that it is no longer pursuing talks with potential buyers of Photon’s PNE…
By Kylie Madry and Isabel Woodford MEXICO CITY (Reuters) -Citigroup <C.N> Chief Executive Jane Fraser is planning to meet with Mexican President Andres Manuel Lopez Obrador, a government spokesperson told…
By Nelson Bocanegra BOGOTA (Reuters) -Colombia’s central bank board raised the benchmark interest rate by 75 basis points to 12.75% on Friday, a softer increase than expected by a majority…
By Valerie Insinna and David Shepardson WASHINGTON (Reuters) – Boeing expects to hire 10,000 workers in 2023 as it recovers from the pandemic and increases jetliner production, but will trim…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending fell for a second straight month in December, putting the economy on a lower growth path heading into 2023, while inflation…
By Emma Farge GENEVA (Reuters) -China and the United States exchanged sharp criticism at a World Trade Organization meeting on Friday, with Beijing calling Washington a “unilateral bully” and the…
By David Randall NEW YORK (Reuters) – Cathie Wood’s ARK Innovation Fund is closing in on the best monthly performance in its history as it rides a rebound in many…
By Jack Queen and Mike Scarcella (Reuters) – The U.S. government is more likely to force Google to divest a key business with an antitrust lawsuit it filed this week…
By Lananh Nguyen NEW YORK (Reuters) -Goldman Sachs Group Inc. slashed compensation for its Chief Executive Officer David Solomon by 29% to $25 million for 2022, the bank said in…
By Shariq Khan, Laura Sanicola and Seher Dareen (Reuters) – Jet fuel prices have risen to levels never recorded in January as demand from China’s lifting of COVID-19 travel restrictions…