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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    United Airlines pilots union votes to authorize a strike vote

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    (Reuters) – The United Airlines Holdings Inc pilots union has unanimously voted to authorize a strike vote, the union chair said in a letter to pilots on Friday. “You’ll receive …

  • Business News

    Brazil poultry lobby sees little risk of nationwide export ban over bird flu

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken supplier will impose a nationwide …

  • Business News

    Founder of Brazil’s CVC to invest $15 million, new CEO picked

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    SAO PAULO (Reuters) – Brazilian travel operator CVC said on Friday it has reached an agreement with its founder for a 75 million reais ($15.13 million) investment in the company, …

  • Business News

    California, New York pension funds vote against Toyota chairman

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By David Dolan and Daniel Leussink TOKYO (Reuters) – Two of the largest U.S. public pension funds have voted against the re-election of Toyota Motor Corp Chairman Akio Toyoda, shareholder …

  • Business News

    Walmart reiterates goal of doubling international gross merchandise in 5 years

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Siddharth Cavale BENTONVILLE, Arkansas (Reuters) – Walmart still expects to double the amount of gross merchandise volume it sells in foreign markets to $200 billion in five years, a …

  • Business News

    U.S. concludes Mexico airspace review, but no verdict yet

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Kylie Madry and Adriana Barrera MEXICO CITY (Reuters) -U.S. aviation regulators finished a review of Mexico’s airspace safety but have not yet announced a final decision, Mexico’s transportation ministry …

  • Business News

    Surging US megacap stocks leave some wondering when to cash out

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. stock market continues its climb, investors holding shares of the massive tech and growth companies leading the charge are debating …

  • Business News

    US Treasury official meets with China’s new ambassador in Washington

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By David Lawder WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh met on Friday with China’s new ambassador to the United States, Xie Feng, holding a discussion aimed at maintaining …

  • Business News

    Wall Street ends up on jobs data, debt default averted

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Herbert Lash and Shreyashi Sanyal (Reuters) -U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip …

  • Business News

    OPEC denies media access to Reuters, Bloomberg, WSJ for weekend policy meets

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    VIENNA (Reuters) – OPEC has denied media access to reporters from Reuters, Bloomberg and the Wall Street Journal to report on oil policy meetings in Vienna this weekend, reporters, Bloomberg …

  • Business News

    Argentines grill more steak despite pressures of 109% inflation

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Anna-Catherine Brigida and Lucila Sigal BUENOS AIRES (Reuters) – Argentines are expected to eat the most beef in five years in 2023, extending the country’s reign as the No. …

  • Business News

    US drugmaker Indivior to pay $102.5 million to settle Suboxone monopoly claims

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Jonathan Stempel and Mariam Sunny (Reuters) -Indivior Plc said on Friday it agreed to pay $102.5 million to settle a lawsuit by dozens of U.S. states accusing it of …

  • Business News

    OPEC+ discussing deepening oil production cuts, sources say

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Maha El Dahan, Alex Lawler and Ahmad Ghaddar VIENNA (Reuters) -OPEC and its allies are discussing deepening oil production cuts, possibly by as much as 1 million barrels per …

  • Business News

    Fitch keeps its negative slant on UK credit rating

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    LONDON (Reuters) – Ratings agency Fitch on Friday stuck with its negative outlook for Britain’s sovereign credit rating, citing a weak economy and lingering uncertainty around Brexit trade terms with …

  • Business News

    CDS panel asked whether payment failure occurred for Casino

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    (Reuters) – An investor has asked a panel that rules on credit default swaps (CDS) whether a “failure to pay” credit event has occurred for French retailer Casino, which could …

  • Business News

    S&P spares France from rating downgrade

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    PARIS (Reuters) – Ratings agency S&P spared France on Friday the embarrassment of downgrading the country’s sovereign debt, but remained cautious about the outlook on account of the strained public …

  • Business News

    Judge dismisses Washington, DC, privacy lawsuit against Facebook owner Meta

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Kanishka Singh WASHINGTON (Reuters) – A 2018 privacy lawsuit brought by Washington, D.C., against Facebook owner Meta Platforms Inc was dismissed on Thursday by a Superior Court judge, who …

  • Business News

    Hackers use flaw in popular file transfer tool to steal data, researchers say

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Zeba Siddiqui SAN FRANCISCO (Reuters) – Hackers have stolen data from the systems of a number of users of the popular file transfer tool MOVEit Transfer, U.S. security researchers …

  • Business News

    3M reaches tentative $10 billion pollution settlement with US cities – Bloomberg News

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Clark Mindock and Brendan Pierson (Reuters) – 3M Co has struck a tentative settlement of at least $10 billion with a host of U.S. cities and towns to resolve …

  • Business News

    Chemical makers settle PFAS-related claims for $1.19 billion

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Clark Mindock (Reuters) – Chemours Co, DuPont de Nemours Inc and Corteva Inc on Friday said they had reached an agreement in principle to settle claims that they contaminated …

  • Business News

    Japan privacy watchdog warns ChatGPT-maker OpenAI on user data

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Kantaro Komiya and Sam Nussey TOKYO (Reuters) – Japan’s privacy watchdog said on Friday it has warned OpenAI, the Microsoft-backed startup behind the ChatGPT chatbot, not to collect sensitive …

  • Business News

    US telecom companies say not in talks with Amazon for wireless services

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    (Reuters) – Major U.S. wireless carriers on Friday said they not in talks with Amazon.com Inc to offer low-cost wireless services to its Prime members. Wireless shares fell Friday after …

  • Business News

    Global shares, US yields rise after strong jobs data, debt-ceiling passage

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    By Chibuike Oguh NEW YORK (Reuters) -Global shares and U.S. Treasury yields rose on Friday following stronger-than-expected job growth data that raised investor expectations that the Federal Reserve could retain …

  • Business News

    Disney removes some produced content from its direct-to-consumer services

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    (Reuters) – Walt Disney Co said on Friday that it has removed certain produced content from its direct-to-consumer (DTC) services and will record a related $1.5 billion impairment charge in …

  • Business News

    Fed Chair Powell to testify at US Senate June 22

    by Reuters June 2, 2023
    by Reuters June 2, 2023

    (Reuters) – Federal Reserve Chair Jerome Powell will testify at the U.S. Senate Banking Committee on June 22 at 10 am Eastern time, panel chief Sherrod Brown said on Friday. …

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