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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Tyson Foods to lay off 228 employees near Chicago who decline move to Arkansas

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    CHICAGO (Reuters) – Tyson Foods, which is seeking to cut costs, will lay off 228 corporate employees in Illinois who declined to relocate to the meatpacker’s Arkansas headquarters, the company …

  • Business News

    3M seeks to revive bankruptcy to resolve military earplug mass tort

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Dietrich Knauth NEW YORK (Reuters) -A 3M subsidiary appealed the dismissal of its bankruptcy case late Monday, challenging a judge’s ruling that it was not in immediate jeopardy from …

  • Business News

    Online retailer Overstock to buy some assets of Bed Bath & Beyond

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) – Overstock.com will buy certain assets of bankrupt home goods retailer Bed Bath & Beyond for $21.5 million, the online retailer said on Tuesday. The deal, designated a “stalking …

  • Business News

    Avolon says $4 trln needed to transform global jet fleet

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Tim Hepher PARIS (Reuters) -Global aviation needs $4 trillion over the next 20 years to fund new commercial deliveries and transform the world’s fleet to reduce emissions, leasing firm …

  • Business News

    Exclusive-Canada bank regulator says lenders should urgently tackle risks from mortgage extensions

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Nivedita Balu TORONTO (Reuters) -Canada’s financial regulator is urging lenders to tackle risks from mortgage extensions at the “earliest opportunity” as many borrowers try to navigate higher mortgage costs …

  • Business News

    Brazil airline Azul ready to raise capital after debt deals – CEO

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Gabriel Araujo SAO PAULO (Reuters) – Brazilian airline Azul is ready to raise additional capital, its chief executive said in an interview, after reaching deals with lessors and bondholders …

  • Business News

    BoE’s Bailey says data show labour market ‘very tight’

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday that official data published earlier in the day showed the labour market was “very tight”, and added that inflation …

  • Business News

    United Air expects new pilot offer to add over $8 billion in costs

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) – United Airlines Holdings Inc is offering its pilots a contract in excess of $8 billion in cumulative increases in pay and benefits over four years, in possibly the …

  • Business News

    Ryan Cohen scoops up GameStop stock worth $10 million, shares rise

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) – Ryan Cohen has bought GameStop stock worth $10 million, a securities filing showed on Tuesday, in a sign that the activist investor was trying to boost shareholder morale …

  • Business News

    US consumer watchdog defends credit card ‘junk fee’ proposal

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) – The top U.S. consumer watchdog on Tuesday defended a proposal to limit late fees charged on credit card balances, a move that has faced fierce opposition from the …

  • Business News

    Cineworld to file for administration as part of restructuring plan – Sky News

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) -British cinema chain operator Cineworld is preparing to file for administration as a part of a financial restructuring plan, Sky News reported on Tuesday. The company is lining up …

  • Business News

    New inflation data tests Fed’s faith in housing slowdown thesis

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Howard Schneider WASHINGTON (Reuters) – Federal Reserve officials for months have been counting on slower-rising U.S. housing prices to help in their efforts to control inflation, and there are …

  • Business News

    Exclusive-Arex Capital pushes Enhabit to consider company sale – letter

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Svea Herbst-Bayliss NEW YORK (Reuters) – Hedge fund Arex Capital Management is urging Enhabit to put itself up for sale and wants the home health and hospice provider to …

  • Business News

    Appetite grows for mergers and acquisitions in Latin America: study

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Aida Pelaez-Fernandez MEXICO CITY (Reuters) – Latin America is increasingly seen as an attractive market for mergers and acquisitions (M&A), with the ongoing U.S.-China trade spat helping to whet …

  • Business News

    Analysis-Germany to face EU ire over Huawei supplies ahead of China talks

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Sarah Marsh, Supantha Mukherjee and Andreas Rinke BERLIN/STOCKHOLM (Reuters) – The European Union is set to urge Germany to do more to reduce its use of Huawei gear in …

  • Business News

    European shares rise as U.S. inflation data soothes rate hike jitters

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Shreyashi Sanyal and Bansari Mayur Kamdar (Reuters) -European shares rose on Tuesday, after mild U.S. inflation data cemented bets the Federal Reserve could skip raising interest rates at its …

  • Business News

    Manchester United shares hit two-month high on speculations over takeover bid

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) -Shares of Manchester United jumped 13% to hit a two-month high on Tuesday after a report hinted that Qatar’s Sheikh Jassim bin Hamad al-Thani was likely to succeed with …

  • Business News

    U.S. Bancorp CEO says economy heading for “moderate” recession

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) – U.S. Bancorp’s Andy Cecere forecast a “moderate” recession that would be short and “not very deep in terms of severity,” CEO of the lender said at a conference …

  • Business News

    Walmart to invest $257 million in beef-packing plant in Kansas

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    (Reuters) – Walmart said on Tuesday it would invest $257 million to open a beef-packing plant in Olathe, Kansas in 2025, which would create more than 600 jobs. The facility …

  • Business News

    Little progress seen on EU debt rules at Friday meeting

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Jan Strupczewski BRUSSELS (Reuters) – Not much progress is expected on the reform of European Union debt rules at EU finance ministers’ talks on Friday, officials said, as Germany …

  • Business News

    Boeing delivers 50 jets in May as 737 MAX rebounds from defect

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Valerie Insinna (Reuters) – Boeing delivered 50 jets in May, 13 fewer than European rival Airbus, but a 43% improvement on the same month last year. Deliveries of the …

  • Business News

    Analysis-Tesla taps brakes on job ads after Musk clamps down on hiring

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Noel Randewich and Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla has tapped the brakes on aggressive job advertising in recent weeks since CEO Elon Musk directed executives to obtain …

  • Business News

    Surprise UK wage jump raises likelihood of higher interest rates

    by Reuters June 13, 2023
    by Reuters June 13, 2023

    By Andy Bruce LONDON (Reuters) -British wage growth soared and employment also jumped in the three months to April, raising expectations that the Bank of England will raise interest rates …

  • Breaking NewsBusiness NewsFeatured NewsFood & DiningNorth Jersey News

    The ripper is almost as important as pork roll in New Jersey food lore

    by Jessica Woods June 13, 2023
    by Jessica Woods June 13, 2023

    CLIFTON, NJ – Pork Roll might be the iconic meat that represents New Jersey, but the ripper is also a big part of New Jersey’s culinary history. When it comes …

  • Breaking NewsBusiness NewsFood & DiningMonmouth County News

    This Kosher deli is one of the Jersey Shore’s best

    by Jessica Woods June 13, 2023
    by Jessica Woods June 13, 2023

    FREEHOLD, NJ – When it comes to authentic kosher cuisine, finding a deli that satisfies both the taste buds and the soul can be a delightful challenge. In the heart …

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