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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Exclusive-Tesla standard: BTC Power joins move to add to EV chargers

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Abhirup Roy SAN FRANCISCO (Reuters) – BTC Power will add Tesla’s standard to its electric vehicle chargers next year, its chief executive told Reuters on Tuesday, days after Ford …

  • Business News

    Ball Corp considers options for aerospace unit

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) – Ball Corp, the world’s largest supplier of beer cans, said on Tuesday it was considering options for its aerospace business, days after a report said the company was …

  • Business News

    UBS faces big penalty over Credit Suisse’s Archegos failings -FT

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) -UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse’s mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times …

  • Business News

    Dollar firms amid supportive U.S. data; Swedish crown, Aussie slide

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Refiles to add dropped day in paragraph 1) By Saqib Iqbal Ahmed and Samuel Indyk NEW YORK (Reuters) -The U.S. dollar edged higher against the euro on Tuesday after data …

  • Business News

    Oil prices ease on weaker Chinese demand picture

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Scott DiSavino NEW YORK (Reuters) -Oil futures eased in choppy trading on Tuesday on forecasts for slower oil demand growth in China, the world’s second-biggest oil consumer, and disappointment …

  • Business News

    France’s Le Maire sticks to 2023 economic growth forecast for now

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Tuesday he was sticking for now with the government’s forecast of 1% economic growth for 2023. “I confirm the …

  • Business News

    Civitas Resources enters Permian basin in $4.7 billion deal

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By David French and Mrinalika Roy (Reuters) -Civitas Resources on Tuesday said it would acquire oil and gas operations in the Permian basin managed by private equity firm NGP Energy …

  • Business News

    GM investing $920 million in Ohio diesel engine plant

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By David Shepardson WASHINGTON (Reuters) – General Motors on Tuesday said it was investing $920 million to expand operations at its Ohio diesel engine plant for production of future internal …

  • Business News

    Brazil Senate committee delays vote on new fiscal rules until Wednesday

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    BRASILIA (Reuters) -Brazil’s Senate Economic Affairs Committee has granted the opposition a 24-hour delay on a vote on new fiscal rules considered crucial by the government of President Luiz Inacio …

  • Business News

    Pirelli’s Camfin nominates new CEO as it tightens grip on tyremaker

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Giulio Piovaccari MILAN (Reuters) -Pirelli investor Camfin has proposed Andrea Casaluci as the new CEO of the Italian tyremaker, promoting him from a general manager role days after the …

  • Business News

    HPE to offer cloud computing service for artificial intelligence

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Stephen Nellis (Reuters) – Hewlett Packard Enterprise Co (HPE) on Tuesday said that it is rolling out a cloud computing service designed to power artificial intelligence systems similar to …

  • Business News

    Supply chain hangover still feeding inflation -SF Fed paper

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Ann Saphir SAN FRANCISCO (Reuters) -Pandemic-related snarls in global supply chains have mostly receded, but their after-effects still account for a big chunk of excess U.S. inflation, an analysis …

  • Business News

    French central bank sees modest recovery as inflation eases

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    PARIS (Reuters) – The French economy is on course to avoid a recession this year while inflation pressures ease though growth and will only gradually pick up in the coming …

  • Business News

    Dentons intellectual property leader takes 15-lawyer team to BCLP

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By David Thomas (Reuters) – Bryan Cave Leighton Paisner on Tuesday said it has picked up a 15-lawyer team from Dentons, including the founder and leader of its global intellectual …

  • Business News

    Canada retools inflation baskets, more focus on food, gas prices

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By David Ljunggren OTTAWA (Reuters) – Canada’s national statistics agency on Tuesday revealed new weights for the basket of goods and services in its Consumer Price Index, giving more prominence …

  • Business News

    Fed’s Barr says Fed exploring how to speed up bank oversight process

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Vice Chair for Supervision Michael Barr on Tuesday said the U.S. central bank is at the beginning of exploring how …

  • Business News

    Ghosn to fight ‘to the end’ as sues Nissan in Lebanon

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Tom Perry, Maya Gebeily and Laila Bassam BEIRUT (Reuters) -Carlos Ghosn said on Tuesday he will fight “to the end” in a $1 billion lawsuit the former Nissan chairman …

  • Business News

    Colombia’s Grupo Argos to ‘seriously’ consider finding a strategic partner

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    BOGOTA (Reuters) – Grupo Argos, Colombia’s largest industrial conglomerate, on Tuesday said it will focus “seriously” on finding a strategic partner once it concludes an exchange of shares in the …

  • Business News

    Exclusive-Lockheed raises concerns over L3Harris-Aerojet deal

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Valerie Insinna PARIS (Reuters) – Lockheed Martin has raised concerns with the U.S. Defense Department and Federal Trade Commission (FTC) about L3Harris’s acquisition of Aerojet Rocketdyne, Lockheed’s chief operating …

  • Business News

    Embraer bags fresh Binter, American Airlines orders for E-Jets

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Gabriel Araujo PARIS (Reuters) -Brazilian planemaker Embraer on Tuesday notched fresh orders from American Airlines and Spanish carrier Binter for its E-Jets in deals announced at the Paris Airshow …

  • Business News

    Alibaba CEO and Chairman Zhang to step down to focus on cloud business

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Brenda Goh and Casey Hall SHANGHAI (Reuters) -Alibaba Group on Tuesday said its CEO and chairman Daniel Zhang will step down from the roles to focus on its cloud …

  • Business News

    New US home construction surges by most in 3 decades in May

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    (Reuters) -Groundbreaking on U.S. single-family homebuilding projects surged in May by the most in more than three decades and permits for future construction also climbed, suggesting the housing market may …

  • Business News

    China-exposed miners, luxury shares drag STOXX 600 down; Lanxess plunges

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -German stocks fell on Tuesday as shares of speciality chemicals maker Lanxess plunged after lowering its earnings forecast, while a modest interest …

  • Business News

    Dimon may have ordered JPMorgan’s review of Epstein ties, Virgin Islands says

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Luc Cohen NEW YORK (Reuters) – JPMorgan Chase Chief Executive Jamie Dimon may have ordered a 2019 review of the bank’s relationship with the late financier and sex offender …

  • Business News

    KKR to buy up to $44 billion of PayPal’s buy now, pay later loans in Europe

    by Reuters June 20, 2023
    by Reuters June 20, 2023

    By Manya Saini and Hannah Lang (Reuters) -Private equity firm KKR has agreed to purchase a substantial portion, or up to 40 billion euros ($43.71 billion), of payments company PayPal’s …

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