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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Brazil hopes for conclusion to EU-Mercosur trade deal this year

    by Reuters April 23, 2023
    by Reuters April 23, 2023

    By Catarina Demony LISBON (Reuters) – Brazil hopes the Mercosur trade deal with the European Union (EU) will be concluded this year, a government official said on Sunday, ending years …

  • Business News

    China’s Guangdong Q1 GDP up 4.0% y/y – provincial statistics bureau

    by Reuters April 23, 2023
    by Reuters April 23, 2023

    BEIJING (Reuters) – China’s Guangdong province posted a 4.0% gain in its first-quarter gross domestic product compared with a year earlier, according to the provincial statistics bureau on Sunday. (Reporting …

  • Business News

    Chipmaker Arm to make its own semiconductor – FT

    by Reuters April 23, 2023
    by Reuters April 23, 2023

    (Reuters) – British chipmaker Arm Ltd is building its own semiconductor to showcase the capabilities of its products, as it seeks to attract new customers and fuel growth following its …

  • Business News

    German public sector workers agree to wage deal with employers

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    BERLIN (Reuters) – German public sector workers have agreed on a wage deal with employers, Interior Minister Nancy Faeser and the Verdi union said on Saturday, ending a dispute that …

  • Business News

    Canada’s striking federal workers call on Trudeau to speed up contract talks

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Ismail Shakil OTTAWA (Reuters) – A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal …

  • Business News

    Brazil’s Oi postpones release of 2022 financial statements

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    SAO PAULO (Reuters) – Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation …

  • Business News

    Italy’s Treasury says freezes assets of Russian fugitive

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    MILAN (Reuters) – Italy’s Treasury said it has frozen the assets held in the country by Russian businessman Artem Uss, who dodged Italian authorities trying to extradite him to the …

  • Business News

    Tesla’s California market share tumbles despite aggressive price cuts

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Hyunjoo Jin SAN FRANCISCO (Reuters) -Tesla’s market share in its key California market tumbled in the first quarter of the year despite aggressive price cuts as rivals stepped up, …

  • Business News

    Swiss lender ZKB held takeover talks with GAM Holding – FT

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    (Reuters) -Swiss lender Zuercher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG, the Financial Times reported on Saturday, citing people familiar with the matter. ZKB …

  • Business News

    Factbox-What is embattled British business group the CBI?

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    LONDON (Reuters) – The Confederation of British Industry (CBI) trade organisation has suspended all policy and membership work until June after a slew of businesses quit following staff complaints about …

  • Business News

    Alphabet CEO Pichai reaps over $200 million in 2022 amid cost-cutting

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    (Reuters) – Alphabet Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee’s pay, the company said in a …

  • Business News

    Factbox-Industry targets of U.S. Republicans’ anti-ESG efforts

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Ross Kerber (Reuters) – Republican federal and state lawmakers, governors, and attorneys general are pushing back on growing efforts by investors and executives to include environmental, social and governance …

  • Business News

    Sale of Italy’s MPS should help create several big banks, says Meloni

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    MILAN (Reuters) – The privatisation of Italian lender Monte dei Paschi di Siena should foster the creation of several large banking groups in the country, Prime Minister Giorgia Meloni was …

  • Business News

    Tesla wins bellwether trial over Autopilot car crash

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Abhirup Roy, Dan Levine and Hyunjoo Jin LOS ANGELES (Reuters) -A California state court jury on Friday handed Tesla Inc a sweeping win, finding the electric vehicle maker’s Autopilot …

  • Business News

    Exclusive-Tesla’s Autopilot never claimed to be self-pilot -juror

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Abhirup Roy, Dan Levine and Hyunjoo Jin LOS ANGELES (Reuters) – Jurors in what appears to be the first trial related to a crash involving Tesla’s Autopilot feature told …

  • Business News

    Russian billionaires see wealth rise to over half a trillion dollars -Forbes

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Guy Faulconbridge MOSCOW (Reuters) – Russia’s richest people added $152 billion to their wealth over the past year, buoyed by high prices for natural resources and rebounding from the …

  • Business News

    Norway’s oil fund to vote against climate resolution at BP

    by Reuters April 22, 2023
    by Reuters April 22, 2023

    By Nerijus Adomaitis OSLO (Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it will vote against a resolution calling on British oil …

  • Business News

    Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan – Bloomberg News

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    (Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, …

  • Business News

    Brazil’s Embraer to build NATO-approved aircraft in Portugal

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    LISBON (Reuters) – Brazil’s Defence Minister Jose Mucio said on Friday his country’s planemaker Embraer SA would manufacture aircraft that meet NATO’s requirements in a partnership with Portuguese aerospace company …

  • Business News

    Paramount agrees to settle Viacom-CBS merger investor lawsuit

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    (Reuters) -Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom Inc and CBS Corp that created the entertainment company, a …

  • Business News

    Factbox-World’s biggest lithium producers

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    By Carman Chew SINGAPORE (Reuters) – Chilean President Gabriel Boric said on Thursday he would nationalise the country’s lithium industry and create a state-owned company to produce the metal that …

  • Business News

    Chile bid to boost state control over lithium spooks investors

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    By Alexander Villegas and Ernest Scheyder SANTIAGO (Reuters) -Chile has moved to boost state control over its lithium industry as it seeks to diversify from mining into batteries and other …

  • Business News

    JPMorgan bankers met with Epstein after his accounts were closed – WSJ

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    NEW YORK (Reuters) – JPMorgan Chase & Co bankers continued to have meetings with the sex offender Jeffrey Epstein even after the bank decided to close his accounts in 2013, …

  • Business News

    Canada, Volkswagen to invest more than C$20 billion in EV battery gigafactory

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    By Steve Scherer and Victoria Waldersee OTTAWA (Reuters) -Canada and Volkswagen on Friday together committed more than C$20 billion ($14.8 billion) for a battery gigafactory in St. Thomas, Ontario, the …

  • Business News

    Wall St posts slim gain ahead of big earnings week

    by Reuters April 21, 2023
    by Reuters April 21, 2023

    By Lewis Krauskopf, Sruthi Shankar and Ankika Biswas (Reuters) – Major U.S. stock indexes ended with fractional gains on Friday following mixed earnings results as investors assessed how conflicting economic …

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