Breaking Business news from across New Jersey.
By Mike Scarcella (Reuters) – Qualcomm on Tuesday defeated a consumer lawsuit in California federal court alleging the chipmaker’s contracts with device manufacturers had artificially boosted the cost of mobile …
(Reuters) – Crypto exchange Kraken is planning to offer trading in U.S.-listed stocks and exchange-traded funds, Bloomberg News reported on Wednesday, citing a person familiar with the matter. Kraken will …
BRASILIA (Reuters) – Brazil’s central bank governor Roberto Campos Neto on Wednesday said policymakers are aiming to tighten cryptocurrency regulation and subject brokerages to their supervision. Speaking during a hearing …
By Katie Paul and Stephen Nellis (Reuters) -A Meta Platforms executive overseeing the company’s efforts to develop its own chips for artificial intelligence work is leaving her position at the …
ROME (Reuters) – Two Italian parliamentary committees have approved a government amendment that revisits a contested windfall tax on banks by giving lenders the option to boost their reserve buffers …
(Reuters) – U.S. antitrust regulators on Tuesday filed a lawsuit against Amazon.com accusing the online retailer of harming consumers with higher prices, the latest in a long history of tough …
By Andrew Goudsward and Mike Scarcella WASHINGTON (Reuters) – The U.S. Federal Trade Commission’s monopoly lawsuit against Amazon.com filed on Tuesday poses perhaps the biggest legal test so far for …
By Luc Cohen NEW YORK (Reuters) -Sam Bankman-Fried, the jailed former cryptocurrency billionaire known for his casual appearance, can dress up for his forthcoming fraud trial. U.S. District Judge Lewis …
By Noel Randewich (Reuters) – Instacart’s stock dropped 4% on Wednesday, marking a fresh low a day after it closed for the first time under the price in the grocery …
(Reuters) – Air Canada said on Wednesday it will operate the airline as usual when its pilots conduct an informational picket at the company’s main hub, the Pearson International Airport, …
By David Shepardson WASHINGTON (Reuters) -Hyundai and Kia are recalling a combined 3.37 million vehicles in the United States due to the risk of engine fires, telling owners to park …
By Marc Jones LONDON (Reuters) – Developing national digital currencies are at risk due to a lack of legal powers to issue them in most of the world, the head …
By Lucia Mutikani WASHINGTON (Reuters) – Orders for long-lasting U.S. manufactured goods rose in August as an increase in machinery and other products offset a drop in civilian aircraft, and …
By Jonathan Stempel NEW YORK (Reuters) -The U.S. government on Wednesday sued eBay, accusing the online platform of violating the Clean Air Act and other environmental laws by allowing the …
By Sarah N. Lynch (Reuters) -Washington Trust Bank, the largest community bank in the country, will pay $9 million to settle civil rights charges that it discriminated against primarily Black …
By Bansari Mayur Kamdar and Sruthi Shankar (Reuters) -European shares fell for a fifth day in a row on Wednesday, with real estate stocks hammered by bearish brokerage comments on …
(Reuters) -Chinese regional lender Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan ($24.07 …
By Pete Schroeder, Michelle Price and Carolina Mandl WASHINGTON/NEW YORK (Reuters) – U.S. financial firms are pushing for greater clarity on proposed new rules curbing U.S. investments in some China …
SEOUL/BEIJING (Reuters) -South Korea’s LG Chem Ltd said on Wednesday it would sell its polariser businesses to Chinese firms for about 1.1 trillion won ($815.6 million) to help improve its …
By Abigail Summerville (Reuters) – Private equity firm Wind Point Partners is exploring a sale of Gehl Foods LLC that could value the U.S. manufacturer of dairy-based products at over …
BRASILIA (Reuters) -Brazil’s central bank chief emphasized the need to persevere in anchoring inflation to the official target during a hearing on Wednesday in Congress, where he faced questions about …
SAO PAULO (Reuters) – A top executive of Casas Bahia has decided to quit after less than five months on the job, deepening a corporate crisis that has seen shares …
(Reuters) – More than 25 years ago, two students at Stanford University brainstormed in their dormitory and came up with an idea – to create an internet search engine that …
ZURICH (Reuters) – UBS shares fell on Wednesday after a report that the U.S. Department of Justice has stepped up scrutiny into alleged compliance failures that helped Russian clients evade …
(Reuters) -Former Microsoft product chief Panos Panay will lead Amazon.com’s struggling unit responsible for the firm’s Alexa and Echo products. Panay, who was with Microsoft for more than 19 years …