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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Ohio workers vote for union at GM, LG battery plant

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By David Shepardson WASHINGTON (Reuters) -Workers at a General Motors-LG Energy battery cell factory in northeast Ohio overwhelmingly voted to join the United Auto Workers, a big win for the …

  • Business News

    Oil drops in volatile trade, records biggest weekly slump in months

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Shariq Khan (Reuters) -Oil price settled lower in volatile trading on Friday, with both benchmarks recording their biggest weekly declines in months, as growing recession fears negated any supply …

  • Business News

    Keystone spill prompts scrutiny of permit allowing pipeline to run faster

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Adds editing credit) By Rod Nickel and Nia Williams WINNIPEG/CALGARY (Reuters) – The largest oil spill in the 12-year history of TC Energy Corp’s Keystone pipeline, discovered late Wednesday, raises …

  • Business News

    Egypt’s pound keeps falling on black market ahead of IMF meeting

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Patrick Werr CAIRO (Reuters) – The gap between the official rate of the Egyptian pound against the dollar and the price on the black market has widened further, putting …

  • Business News

    Ex-JPMorgan, Credit Suisse trader convicted at U.S. spoofing trial

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Reuters) – A former trader at JPMorgan Chase & Co and Credit Suisse was convicted of fraud in U.S. court on Friday for scheming to manipulate precious metals futures through …

  • Business News

    Dollar edges up against euro after U.S. inflation data

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By John McCrank and Saqib Iqbal Ahmed NEW YORK (Reuters) -The dollar edged higher against the euro on Friday after U.S. producer inflation data for November came in slightly hotter …

  • Business News

    Canada aims to speed up new projects with critical minerals strategy

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Steve Scherer OTTAWA (Reuters) -Canada on Friday unveiled a new strategy to ramp up production and processing of critical minerals vital to power electric vehicle (EV) batteries as the …

  • Business News

    Biden faces uphill battle in spat with Microsoft over Activision deal

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Diane Bartz WASHINGTON (Reuters) – The Biden administration may struggle to convince a judge to stop Microsoft Corp’s $69 billion bid for “Call of Duty” maker Activision, because of …

  • Business News

    Phillips 66 to boost spending on chemicals, renewable fuels

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    HOUSTON (Reuters) -U.S. oil refiner Phillips 66 on Friday said it will raise spending on new projects next year by about 6%, putting more into renewable fuels and pipeline businesses. …

  • Business News

    Analysis-U.S. financial conditions have eased. So far the Fed is okay with it

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Ann Saphir (Reuters) – Over the past six weeks or so, U.S. mortgage rates have fallen, stock prices are up, and yields on corporate debt have dropped, all signs …

  • Business News

    Big Oil does little to act on climate despite vows -U.S. House panel

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Timothy Gardner WASHINGTON (Reuters) -Major energy companies are not doing enough to prevent the worst effects of climate change despite public promises to fight the problem, a U.S. House …

  • Business News

    Gasoline queues return in Venezuela as refineries fail to produce

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Tibisay Romero and Mircely Guanipa VALENCIA/MARACAY, Venezuela (Reuters) -Long lines for motorists at Venezuela’s refueling stations are back due to repeated outages at state oil company PDVSA’s refineries and …

  • Business News

    Ericsson and Apple end patent-related legal row with licence deal

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    STOCKHOLM (Reuters) -Ericsson said on Friday it had struck a global patent licence agreement with Apple, ending a row over royalty payments for the use of 5G wireless patents in …

  • Business News

    Norway’s Reitan Retail buys 114 Danish stores from Germany’s Aldi

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    OSLO (Reuters) -Norway’s Reitan Retail said on Friday it had agreed to buy 114 Danish grocery stores and three distribution centres from German rival Aldi for an undisclosed amount, boosting …

  • Business News

    Trump metal tariffs ruled in breach of global rules by WTO

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Emma Farge and Philip Blenkinsop GENEVA (Reuters) -The World Trade Organization ruled on Friday that U.S. tariffs imposed on steel and aluminium imports by then President Donald Trump contravened …

  • Business News

    U.S. senators propose law to boost transparency at regional Fed banks

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Michael S. Derby (Reuters) – Democratic Senator Elizabeth Warren and Republican Senator Pat Toomey have joined together to propose legislation that would make it easier to get information out …

  • Business News

    Warner Bros TV channel executives leave amid restructuring – Deadline

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Reuters) – Two of Warner Bros. Discovery executives leading TV channels left the company as part of ongoing restructuring at the media giant, Hollywood and media news outlet Deadline reported …

  • Business News

    U.S. household wealth falls for third consecutive quarter

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Reuters) – U.S. household wealth fell by $400 billion in the third quarter as a drop in U.S. stock prices outpaced gains in real estate values, a Federal Reserve report …

  • Business News

    Jana ratchets up pressure on Freshpet, recruits Schmidt to campaign

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Svea Herbst-Bayliss NEW YORK (Reuters) -The activist investor pushing Freshpet Inc to consider selling itself is ratcheting up the pressure on the pet-food company by recruiting industry expert Kurt …

  • Business News

    Turquoise Hill shareholders approve Rio Tinto’s $3.3 billion buyout bid

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Reuters) -Shareholders of Canada’s Turquoise Hill on Friday voted in favour of Rio Tinto’s $3.3 billion bid to take it private and gain direct control over a giant Mongolian copper …

  • Business News

    China urges U.S. to respect WTO panel ruling – statement

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    GENEVA (Reuters) – China urged the United States to respect a World Trade Organization ruling on Friday which found that Trump-era U.S. tariffs imposed on steel and aluminium imports contravened …

  • Business News

    Thales-Hitachi rail signal deal delayed as UK raises competition concerns

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Reuters) – Britain’s competition watchdog is concerned Japan’s Hitachi acquisition of France’s Thales railway signalling business may result in higher fares for passengers, it said on Friday. As a result, …

  • Business News

    A trail of oil: Keystone pipeline’s history of oil spills

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    (Reuters) -Canada’s TC Energy Corp shut its Keystone pipeline in the United States after more than 14,000 barrels of crude oil spilled into a creek in Kansas, the largest crude …

  • Business News

    Putin says Russia could cut oil production over West’s ‘stupid’ price cap

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Vladimir Soldatkin and Guy Faulconbridge MOSCOW (Reuters) -Russia, the world’s biggest exporter of energy, could cut oil production and will refuse to sell oil to any country that imposes …

  • Business News

    Recession drumbeat gets louder as more U.S. CEOs strike mellow note for 2023

    by Reuters December 9, 2022
    by Reuters December 9, 2022

    By Medha Singh (Reuters) – Corporate America is starting to feel the chill of a looming recession as top executives from companies such as JPMorgan Chase & Co, Walmart Inc …

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