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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Mexico’s America Movil to propose combination of share series

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil will propose reclassifying three of its share series to shareholders, the company said Tuesday. The “AA,” “A” and “L” share series …

  • Business News

    Europe needs robust response to U.S. inflation reduction act – Le Maire

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    PARIS (Reuters) – Europe needs to provide a robust response to the U.S. Inflation Reduction Act (IRA), French Finance Minister Bruno Le Maire said at a joint news conference with …

  • Business News

    Europe needs robust response to U.S. inflation reduction act – Le Maire

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    PARIS (Reuters) – Europe needs to provide a robust response to the U.S. Inflation Reduction Act (IRA), French Finance Minister Bruno Le Maire said at a joint news conference with …

  • Business News

    Italy to press ahead with plans to sell ITA despite MSC snub

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    ROME (Reuters) – Italy’s government will press ahead with plans to sell a majority stake in airline ITA Airways, the successor to Alitalia, Economy Minister Giancarlo Giorgetti said on Tuesday, …

  • Business News

    Italy to press ahead with plans to sell ITA despite MSC snub

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    ROME (Reuters) – Italy’s government will press ahead with plans to sell a majority stake in airline ITA Airways, the successor to Alitalia, Economy Minister Giancarlo Giorgetti said on Tuesday, …

  • Business News

    China’s Baidu beats Q3 revenue estimates as ad sales recover

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) -Baidu Inc’s third-quarter revenue beat Wall Street estimates on Tuesday, as China’s search engine giant benefited from a recovery in online advertising sales and growth in its cloud and …

  • Business News

    Factbox-Italy’s government approves 2023 budget, key points

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    ROME (Reuters) – Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high energy bills and cutting taxes …

  • Business News

    Factbox-Italy’s government approves 2023 budget, key points

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    ROME (Reuters) – Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high energy bills and cutting taxes …

  • Business News

    Factbox-Italy’s government approves 2023 budget, key points

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    ROME (Reuters) – Italy’s new right-wing government signed off on its first budget in the early hours of Tuesday, a package focusing on curbing sky-high energy bills and cutting taxes …

  • Business News

    Dollar Tree forecasts lower 2022 profit as price cuts hit margins

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) -Dollar Tree Inc said on Thursday that its full-year profit would be at the lower end of its forecast, with the discount store retailer’s margins under pressure from decades-high …

  • Business News

    Zoom shares down 90% from peak as pandemic boom fades

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) – Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID …

  • Business News

    Zoom shares down 90% from peak as pandemic boom fades

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) – Shares of Zoom Video Communications Inc have tumbled about 90% from their pandemic peak in October 2020 as the former investor darling struggles to adjust to a post-COVID …

  • Business News

    American Eagle beats quarterly sales estimates on strong demand for dresses

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans …

  • Business News

    American Eagle beats quarterly sales estimates on strong demand for dresses

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans …

  • Business News

    American Eagle beats quarterly sales estimates on strong demand for dresses

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) – American Eagle Outfitters Inc on Tuesday beat Wall Street estimates for quarterly revenue, as a post-pandemic return to work and social events boosted consumer spending on its jeans …

  • Business News

    Abercrombie posts surprise profit, sees better holiday-quarter sales

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) -Abercrombie & Fitch Co on Tuesday posted a surprise third-quarter profit and forecast a smaller-than-expected drop in current-quarter sales as it remains “cautiously optimistic” for the holiday season. The …

  • Business News

    Exclusive-India may boost rural spending next year to spur jobs, housing – source

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    By Shivangi Acharya NEW DELHI (Reuters) -India may increase rural spending by nearly 50% to 2 trillion rupees ($24.51 billion) next fiscal year, a source familiar with the matter told …

  • Business News

    Analysis-Mexican companies could resort to more spinoffs to enhance market value

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    By Valentine Hilaire MEXICO CITY (Reuters) – Mexican companies are spinning off sports, gambling and cell-tower businesses in a bid to revive depressed stock prices, with more such deals likely …

  • Business News

    Fake account shows ‘challenges’ with Twitter – Lilly CEO (Nov 16)

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Removes reference to Ricks’ comment on apology from Lilly in paragraph 3) (Reuters) -Eli Lilly & Co Chief Executive Officer Dave Ricks said on Wednesday that the recent imposter Twitter …

  • Business News

    Britain must end reliance on ‘cheap labour’, Starmer tells businesses

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Refiles with new identifying slug BRITAIN-ECONOMY/STARMER to match visuals) By Elizabeth Piper LONDON (Reuters) -British main opposition Labour leader Keir Starmer warned business bosses on Tuesday “the days of low …

  • Business News

    Musk says Twitter to hold off relaunching blue check verification

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    (Reuters) -Twitter’s new owner Elon Musk said on Monday the social media company is holding off the relaunch of its blue check subscription service, a delay from his initial tentative …

  • Business News

    Volkswagen sees China sales on par with 2021 as lockdown impact lingers – Handelsblatt

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    BERLIN (Reuters) – Volkswagen expects sales in China to stagnate at about 3.3 million vehicles in 2022, its China chief told Handelsblatt on Tuesday, as it struggles to make up …

  • Business News

    SocGen and Alliance Bernstein to launch global equities venture

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    By Sudip Kar-Gupta PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, and U.S. investment management company Alliance Bernstein plan to form a joint venture focusing on global cash equities and …

  • Business News

    ECB set to raise deposit rate 50 bps as euro zone enters recession -economists: Reuters poll

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    By Jonathan Cable LONDON (Reuters) – The European Central Bank will press on with policy tightening, adding 50 basis points to its deposit rate next month as it worries rapid …

  • Business News

    Marketmind: Wild oil ride amid China and crypto woe

    by Reuters November 22, 2022
    by Reuters November 22, 2022

    A look at the day ahead in U.S. and global markets from Mike Dolan. Turbulence in oil, China’s COVID crunch and unravelling cryptocurrencies make for uncomfortable reading for investors starting …

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