Breaking Business news from across New Jersey.
By Dietrich Knauth – A Johnson & Johnson subsidiary came under attack in court on Monday for attempting to use the bankruptcy process to resolve tens of thousands of claims …
– Air Lease Corp said on Monday it would lease 25 Boeing 737 MAX jets to Malaysia Airlines’ parent to be delivered between early 2023 and 2026 through the lessor’s …
– Berkshire Hathaway Inc said Tom Murphy, the former head of Capital Cities/ABC Inc and longtime friend of Warren Buffett, has resigned from its board of directors after a bout …
By Rod Nickel -The province of Alberta will toughen its greenhouse gas emissions standards for oil sands mines, closing a loophole that rewarded some of Canada’s highest-emitting facilities with millions …
By David Randall, Svea Herbst-Bayliss and Jonathan Stempel – Warren Buffett’s Berkshire Hathaway Inc acquired nearly $1 billion of shares in Activision Blizzard Inc before Microsoft Corp agreed to buy …
By Peter Frontini SAO PAULO – Brazilian holding company Itausa SA on Monday posted a 53% jump in its fourth-quarter recurring profit, mainly helped by gains with lender Itau Unibanco …
WASHINGTON – Spirit Airlines said on Monday it was resuming regular operations after a computer issue forced a temporary halt to airline operations. FlightAware, an airline tracking site, said U.S. …
By Stephen Culp NEW YORK – The S&P 500 index closed modestly lower on Monday, largely recovering from a sharp sell-off, as U.S. plans to close its Kyiv embassy in …
– Federal investigators have launched a probe into block trading at Wall Street hedge funds and banks including Morgan Stanley and Goldman Sachs Group Inc, the Wall Street Journal reported, …
By Aref Mohammed, Rowena Edwards and Dmitry Zhdannikov BASRA/LONDON – A $27 billion deal between France’s TotalEnergies and Iraq that Baghdad hoped would reverse the exit of oil majors from …
By David Shepardson WASHINGTON -U.S. passenger airlines carried 670.4 million passengers in 2021, up 83% over 2020 levels but still down significantly from pre-coronavirus pandemic levels, the Transportation Department said …
By Svea Herbst-Bayliss BOSTON – Trian Fund Management, the activist investment firm run by Nelson Peltz, said in a regulatory filing on Monday it has slashed holdings in consumer staples …
By Carolina Mandl SAO PAULO – Brazilian state-controlled lender Banco do Brasil SA said in a filing on Monday that its 2022 net income is likely to rise by up …
BRASILIA – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year’s presidential …
By Elvira Pollina MILAN -Telecom Italia (TIM) directors discussed on Monday an overhaul of Italy’s biggest telecoms group, as newly appointed Chief Executive Pietro Labriola draws up an alternative to …
WASHINGTON -The Texas attorney general’s office sued Meta’s Facebook on Monday, alleging that the social media giant violated state privacy protections with facial-recognition technology that collected the biometric data of …
By Stephanie Kelly NEW YORK – Oil prices surged over 2% on Monday to their highest in more than seven years as Ukraine’s president declared a “day of unity” for …
By Lewis Krauskopf NEW YORK – Worries over a potential Russian invasion into Ukraine could fuel stock weakness over the short-term, but most U.S. market fallout related to geopolitics is …
By Herbert Lash and Marc Jones NEW YORK/LONDON – World shares slid on Monday while oil prices jumped to seven-year highs on U.S. warnings that Russia could soon invade Ukraine, …
By Caroline Valetkevitch NEW YORK – The U.S. dollar index reached a two-week high on Monday on growing worries about Russia-Ukraine tensions and as St. Louis Federal Reserve President James …
-Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and …
WELLINGTON – Compounding factors are influencing a decrease in house prices and sales activity in New Zealand, the Real Estate Institute of New Zealand (REINZ) said on Tuesday. Median nationwide …
– Brazil’s Supreme Court annulled on Monday a previous court decision that would have required state-run oil company Petrobras to pay billions of dollar in a labor dispute involving additional …
-Blank-check companies backed by buyout firm Warburg Pincus and billionaire real estate investor Barry Sternlicht are in talks to take security services firm Allied Universal public in a $20 billion …
By Gertrude Chavez-Dreyfuss NEW YORK – U.S. short-term interest rate futures on Monday reflected a reduced chance of an interest rate increase by the Federal Reserve before its two-day March …