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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Google’s advertising tech targeted in European publishers’ complaint

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Foo Yun Chee BRUSSELS -Google on Friday was targeted in an antitrust complaint by the European Publishers Council over its digital advertising business, potentially strengthening EU antitrust chief Margrethe …

  • Business News

    Oracle’s Red Bull F1 title sponsorship deal worth $300 million – sources

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    STOCKHOLM – Software giant Oracle’s title sponsorship agreement with the Red Bull Formula One team is worth about $300 million over five years, according to sources familiar with the deal. …

  • Business News

    Volvo Cars warns supply chain woes could remain as profit lags forecasts

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Helena Soderpalm STOCKHOLM -Volvo Cars on Friday posted earnings below expectations pressured by global supply shortages despite strong demand for its vehicles. Profits at the carmaker, which listed on …

  • Business News

    China property developers shares up on reports they may have more access to funds

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    HONG KONG -Shares of Chinese property developers climbed on Friday, following media reports that the sector is gaining easier access to presale proceeds from residential projects – the latest move …

  • Business News

    Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    HONG KONG -Goldman Sachs said it expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous forecast of five and updating …

  • Business News

    Credit Suisse downgrades global equities on key macro concerns

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    – Credit Suisse on Friday downgraded global equities to “benchmark” rating from “overweight”, citing the need for the U.S. Federal Reserve to raise interest rates above market expectations amid higher …

  • Business News

    Marketmind: Ready for a big bang U.S. rate hike?

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    A look at the day ahead in markets from Dhara Ranasinghe. An aggressive 50 basis point U.S. interest rate hike to contain inflation now appears like a no-brainer after the …

  • Business News

    For euro zone bond markets, the ECB ‘put’ is some way off

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Dhara Ranasinghe and Sujata Rao LONDON -Worried about record-high inflation, the European Central Bank may have significantly raised the threshold where it might staunch bond market sell-offs in Italy …

  • Business News

    Malaysia’s Capital A eyes separate listing of aviation business

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    KUALA LUMPUR -Capital A Bhd , which owns Malaysia’s flagship budget airline AirAsia, is forming an independent board for its aviation arm while mulling a separate listing of the business …

  • Business News

    Column-After dire decade, Emerging Markets face Fed liftoff again: Mike Dolan

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Mike Dolan LONDON – Whether emerging economies have already done enough to pre-empt the global central bank tightening cycle may dictate whether investors in them can escape yet another …

  • Business News

    Australia drops landmark criminal cartel case against Citi, Deutsche

    by Reuters February 11, 2022
    by Reuters February 11, 2022

    By Byron Kaye and Scott Murdoch SYDNEY -Australia on Friday withdrew a cartel lawsuit against Citigroup Inc, Deutsche Bank AG and four former executives over a $1.8 billion share issue, …

  • Business News

    India’s textile industry revs up, giving hope on jobs for PM Modi

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Krishna N. Das HINDUPUR, India – At Texport Industries’ factories in India’s south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti tops …

  • Business News

    Activist shareholder Quarz objects to terms of $3 billion Singapore REIT merger

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Anshuman Daga SINGAPORE -Activist investor Quarz Capital Management said it is opposed to the terms of a proposed S$4.2 billion ($3.1 billion) merger of two Temasek-linked Singapore real estate …

  • Business News

    Purdue’s Sacklers consider adding another $1 billion to opioid settlement – Bloomberg News

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    – Members of the billionaire Sackler family that owns Purdue Pharma are weighing whether to add $1 billion to the OxyContin-maker’s faltering opioid settlement bid in an effort to win …

  • Business News

    Australia’s central bank could hike later this year, sees risks in going too early

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Wayne Cole SYDNEY -Australia’s top central banker on Friday said it was plausible interest rates could rise later this year, but there were risks in moving too early and …

  • Business NewsFeatured News

    Tesla plans to locate China design centre in Beijing, city govt says

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    SHANGHAI – U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned …

  • Business News

    California sues Tesla over Black workers’ allegations of discrimination

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Daniel Wiessner and Hyunjoo Jin -A California state agency has sued Tesla Inc over allegations by some Black workers that the company tolerated racial discrimination at an assembly plant, …

  • Business News

    Exclusive-Ford’s Lincoln brand to launch full slate of electric SUVs by 2026 -sources

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Paul Lienert DETROIT – Ford Motor Co is stepping up plans to extensively electrify its Lincoln brand in North America, as it prepares to introduce at least five new …

  • Business News

    Fed’s Barkin: ‘I’d have to be convinced’ of need for half-point rate hike

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Ann Saphir -Richmond Federal Reserve Bank President Tom Barkin on Thursday said he would be “conceptually” open to raising interest rates by a bigger-than-usual half-of-a-percentage point increment, but does …

  • Business News

    Coca-Cola, criticized for plastic pollution, pledges 25% reusable packaging

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Hilary Russ NEW YORK – The Coca-Cola Company on Thursday said it will aim for 25% of its packaging globally to be reusable by 2030, a move hailed by …

  • Business News

    Australia’s IAG cash earnings slump 62% as natural hazard claims surge

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    – Insurance Australia Group beat profit and dividend estimates on Friday for the first half, even as higher claims tied to natural disasters, including severe storms and hail last October, …

  • Business News

    Wall Street ends down sharply on fears of aggressive Fed rate hikes

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Noel Randewich and Bansari Mayur Kamdar – Wall Street ended sharply lower on Thursday after U.S. consumer prices data came in hotter than expected and subsequent comments from a …

  • Business News

    Canada Goose’s Omicron-induced forecast cut sends shares tumbling

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    (Corrects to remove references to Canada in paragraph 2 and return policy dispute in China in paragraph 5) By Aditi Sebastian – Canada Goose Holdings Inc cut its full-year revenue …

  • Business NewsFeatured News

    Disney closes gap with Netflix, streaming industry future still in question

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    (Refiles to correct publication date) By Eva Mathews and Akash Sriram – The strong subscriber additions by Disney+ in the latest quarter helped Walt Disney Co’s flagship streaming service close …

  • Business NewsFeatured News

    Canadian trucker protest forces some companies to use air transport

    by Reuters February 10, 2022
    by Reuters February 10, 2022

    By Allison Lampert -Automakers and some manufacturers are looking to the skies as they seek alternatives for moving products caught up in Canadian trucking protests that have hit supply chains …

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