Breaking Business news from across New Jersey.
By Tiyashi Datta (Reuters) – Zoom Video Communications Inc on Monday lowered its annual revenue forecast, as the video-conferencing platform expects a hit from declining online business. Zoom chief financial …
By Jonathan Stempel and Jody Godoy NEW YORK (Reuters) – The founder of Infinity Q Capital Management, a New York firm accused of inflating assets by over $1 billion to …
(Reuters) -Crypto exchange FTX was on the radar of federal prosecutors in Manhattan months before its collapse, Bloomberg News reported on Monday citing people familiar with the investigation. The U.S. …
(Reuters) – Walt Disney Co said on Monday returning Chief Executive Robert Iger will get an annual base salary of $1 million and a long-term incentive award with a target …
(Reuters) -Faraday Future Intelligent Electric said on Monday it had “substantial doubt” about its ability to continue as a going concern, adding that it is uncertain when it can complete …
(Corrects syntax, adds Twitter in headline) (Reuters) – Twitter’s new owner Elon Musk told staff in an all-hands meeting that the company does not plan more layoffs and is recruiting …
By Jonathan Stempel (Reuters) -A U.S. appeals court on Monday threw out class-action lawsuits accusing Boeing Co and Southwest Airlines Co of covering up a fatal flaw in the design …
By Blake Brittain WASHINGTON (Reuters) -The U.S. Supreme Court on Monday decided to referee a dog fight, agreeing to hear a bid by liquor brand Jack Daniel’s to stop a …
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling more than 321,000 vehicles in the United States because tail lights may intermittently fail to illuminate, the company said in a filing …
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Falling oil prices are often seen as good news for world markets, signaling …
BOGOTA (Reuters) – Shares in Nutresa, Colombia’s largest food producer, closed 28.6% lower on Monday following a failed public offer for a large portion of shares in the company. Nutresa …
By David Shepardson (Reuters) – The U.S. Federal Aviation Administration (FAA) on Monday proposed new rules that would help pave the way for commercial air taxi operations by around the …
(Reuters) – The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest …
(Reuters) – Dell Technologies Inc posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain …
(Reuters) -The Federal Reserve can downshift to smaller interest rate hike increments from next month as it fine-tunes its policy actions to help bring down high inflation while keeping the …
By Michael S. Derby (Reuters) -San Francisco Federal Reserve President Mary Daly said on Monday the real-world impact of the U.S. central bank’s interest rate hikes is likely greater than …
By Simon Jessop and Valerie Volcovici SHARM EL-SHEIKH, Egypt (Reuters) – A deal struck at the COP27 climate talks in Egypt calls for an overhaul of the post-World War Two …
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar rose against most major currencies on Monday, recouping recent losses, as fresh COVID-19 curbs in China fuelled worries over …
By Aditya Soni and Eva Mathews (Reuters) – Saving Walt Disney Co this time will require Bob Iger to show off a different side to his character. The legendary chief …
By Ju-min Park SEOUL (Reuters) – In an upscale Seoul neighbourhood two years ago, a white Tesla Model X smashed into a parking lot wall. The fiery crash killed a …
(Reuters) – U.S. companies borrowed 6% more in October to finance equipment investments compared with a year earlier, industry body Equipment Leasing and Finance Association (ELFA) said on Monday. The …
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Institutional investors rushed to crypto products that bet on price declines, posting record inflows, as the collapse of digital asset exchange FTX rippled …
By Laila Kearney NEW YORK (Reuters) – Oil prices rebounded from early losses on Monday after Saudi Arabia denied a report it was discussing an increase in oil supply with …
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly said Monday that the U.S. central bank could lift its overnight target rate …
By Timothy Gardner WASHINGTON (Reuters) – The Biden administration said on Monday it has approved conditional funding of up to $1.1 billion to prevent the closure of the Diablo Canyon …