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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Proxy advisor ISS opposes Stratasys, Desktop Metal merger in 3D printing

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Influential proxy advisory firm Institutional Shareholder Services recommended 3D printer manufacturer Stratasys shareholders reject plans to buy Desktop Metal, saying another offer “presents …

  • Business News

    UK firm sold thousands of unverified jet engine parts – CFM

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Sam Tobin and Tim Hepher LONDON (Reuters) – Jet engine maker CFM International said on Wednesday thousands of engine components may have been sold with forged paperwork by a …

  • Business News

    Stocks slide, US yields rise after hawkish Fed stance

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Herbert Lash NEW YORK (Reuters) -A gauge of global stocks tumbled and Treasury yields shot up on Wednesday after the U.S. Federal Reserve projected another rate hike by year …

  • Business News

    Russia mulls extra tax for some commodities exports, including metals – sources

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    MOSCOW (Reuters) – Russia is considering imposing an additional tax tied to the rouble-dollar rate on exports of metals, fertilisers and some other commodities, sources in two major exporting companies …

  • Business News

    Colombia finance minister to insist central bank start cutting rates

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    BOGOTA (Reuters) – Colombian Finance Minister Ricardo Bonilla, who is also a director of the country’s central bank, said on Wednesday he will ask the board to start cutting the …

  • Business News

    Disney CEO says company will ‘quiet the noise’ in culture wars -analyst

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Dawn Chmielewski (Reuters) -Walt Disney CEO Bob Iger told investors the company will “quiet the noise” in a culture war that has pitted social conservatives against the global media …

  • Business News

    AstraZeneca refused to pay full bonus to US remote worker, lawsuit claims

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Daniel Wiessner (Reuters) – AstraZeneca Pharmaceuticals LP has been sued in the U.S. by a former senior director who claims the drugmaker refused to pay her nearly $130,000 in …

  • Business News

    Facing fares row, Ryanair hit by new antitrust probe in Italy

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    ROME (Reuters) -Italy’s antitrust agency opened an investigation on Wednesday into low-cost carrier Ryanair “for possible abuse of a dominant (market) position”, the latest regulatory challenge in Italy for Europe’s …

  • Business News

    FTC nominees vow to combat deceptive AI practices

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Diane Bartz WASHINGTON (Reuters) – The deceptive use of artificial intelligence should be a priority for the Federal Trade Commission (FTC), three commissioner nominees said at a confirmation hearing …

  • Business News

    Dollar higher as Fed skips rate hike but stiffens hawkish stance

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) -The U.S. dollar edged higher against a basket of currencies on Wednesday, after the Federal Reserve held interest rates steady but stiffened its …

  • Business News

    Oil prices ease 1% after US Fed warns of higher rates for longer

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Scott DiSavino NEW YORK (Reuters) -Oil prices fell about 1% to a one-week low on Wednesday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but …

  • Business News

    Cathie Wood’s ARK lands on European shores with Rize ETF acquisition

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Bansari Mayur Kamdar (Reuters) -Popular investor Cathie Wood is entering the European market with the acquisition of Rize ETF, but some investors are skeptical about the one-time pandemic darling’s …

  • Business News

    Musk’s Neuralink to start human trial of brain implant for paralysis patients

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    (Reuters) -Billionaire entrepreneur Elon Musk’s brain-chip startup Neuralink said on Tuesday it has received approval from an independent review board to begin recruitment for the first human trial of its …

  • Business News

    Fed sees tighter policy through 2024; Powell says new forecasts not pledge for action

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    NEW YORK (Reuters) -The Federal Reserve held interest rates steady on Wednesday but stiffened its hawkish stance, with a further rate increase projected by the end of the year and …

  • Business News

    Qantas ex-CEO takes 900% pay rise, but bonus cut amid scandals

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Byron Kaye SYDNEY (Reuters) – Australia’s Qantas Airways said its former CEO took a pay increase of 872% as he collected years’ worth of long-term incentives on the way …

  • Business News

    Amazon plays catch-up with Alexa generative AI, shows off new, refreshed hardware

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Greg Bensinger (Reuters) – Amazon.com Inc on Wednesday unveiled a slate of new and refreshed devices and updated its Alexa voice assistant with generative artificial intelligence to attract users …

  • Business News

    Air Canada says unauthorised group briefly had access to internal system

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    (Reuters) -Air Canada said on Wednesday an unauthorised group briefly had limited access to an internal Air Canada system that had personal information of some employees and certain records. “We …

  • Business News

    Mexico inflation likely eased in first half of September – Reuters poll

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    MEXICO CITY (Reuters) – Mexico’s headline inflation likely eased in the first half of September while remaining above the official target, a Reuters poll showed on Wednesday, suggesting the central …

  • Business News

    UAW workers strike at Mercedes supplier ZF’s plant in Alabama

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    (Reuters) – The United Auto Workers (UAW) union said on Wednesday that 190 workers went on strike at Mercedes-supplier ZF’s plant in Alabama, demanding higher pay and better healthcare benefits. …

  • Business News

    Canadian auto workers to vote on Ford deal starting on Saturday

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    (Reuters) – Auto workers at Ford Motor’s Canadian facilities will start voting on a tentative three-year deal on Saturday, a spokesperson for the Unifor union said on Wednesday. Ford reached …

  • Business News

    Dollar index on verge of forming bullish ‘golden cross’ – BofA

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – The U.S. dollar’s recent rally has put it on track to form a golden cross – a bullish technical trading chart pattern …

  • Business News

    South Africa to host US-Africa trade summit despite Russia spat

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    JOHANNESBURG (Reuters) – South Africa will host a U.S.-Africa trade summit in November despite an earlier call by U.S. lawmakers for the event to be moved over what they said …

  • Business News

    Arm Holdings shares extend declines, down fourth session in a row

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Caroline Valetkevitch and Lewis Krauskopf NEW YORK (Reuters) – Shares of Arm Holdings fell for a fourth straight session on Wednesday after the chip designer’s stellar market debut last …

  • Business News

    Bank of Canada struck intentionally hawkish tone after last rate decision – minutes

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    By Steve Scherer and David Ljunggren OTTAWA, Sept 20 (Reuters) – The Bank of Canada wanted to send the message that interest rates would not be coming down soon when …

  • Business News

    China’s exports growth to North Korea quickens in August

    by Reuters September 20, 2023
    by Reuters September 20, 2023

    BEIJING (Reuters) – China’s exports to North Korea grew at a faster pace last month than in July, customs data showed on Wednesday, as bilateral trade resumed and Pyongyang gradually …

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