Breaking Business news from across New Jersey.
By Ludwig Burger and Patricia Weiss FRANKFURT (Reuters) – Bayer’s incoming CEO is inheriting a full in-tray from his predecessor: Thousands of lawsuits claiming its weedkiller causes cancer, an underwhelming …
WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday that she wants China to move more quickly to support specific debt restructuring for developing countries, especially for Zambia, while …
By Sam Tobin LONDON (Reuters) – Mercedes-Benz faces more than 300,000 claims at London’s High Court from the owners of diesel vehicles that were allegedly equipped with “defeat devices” to …
By Rachael Levy (Reuters) -The U.S. Department of Transportation said on Thursday it is investigating Elon Musk’s brain-implant company Neuralink over the potentially illegal movement of hazardous pathogens. A Department …
(Reuters) – Activist investor Nelson Peltz called off his bid for a seat on the board of Walt Disney Co on Thursday after Chief Executive Bob Iger revealed a plan …
(Reuters) – President Vladimir Putin on Thursday said Russia’s economy had overcome the worst effects of sanctions and was expected to show modest growth this year, despite what he said …
WASHINGTON (Reuters) – Southwest Airlines Chief Operating Officer Andrew Watterson said on Thursday the company will cut executive bonuses following the carrier’s high-profile operational meltdown in late December that left …
By Abhijith Ganapavaram and Allison Lampert (Reuters) -Bombardier Inc on Thursday forecast higher business jet deliveries for 2023 despite supply-chain problems expected to subside but not disappear this year, chief …
By Priyamvada C (Reuters) -Hilton Worldwide Holdings Inc expects demand for stays in China to be volatile in the near term due to rising COVID-19 infections, the hotel operator said …
MEXICO CITY (Reuters) -Mexican bottler Arca Continental reported a 24.2% increase in fourth-quarter net profit year-over-year, the company said in a statement on Thursday, pointing to price hikes and cost …
By Ankika Biswas and Amruta Khandekar (Reuters) -European shares climbed for the third straight session on Thursday as cooling inflation in Germany and a slew of upbeat earnings offset concerns …
By Mimosa Spencer PARIS (Reuters) -L’Oreal posted 8.1% sales growth in the fourth quarter, a touch slower than in the previous three months, with firm demand in the United States …
By Yousef Saba DUBAI (Reuters) -BlackRock Inc-led investors in Saudi Aramco’s gas pipeline network are set to raise $4.5 billion from a sale of bonds to refinance a multi-billion dollar …
By Nandita Bose WASHINGTON (Reuters) – Top White House officials spoke to executives from the largest U.S. railroad operators in recent days, renewing pressure to reach an agreement to secure …
By Natalie Grover and Maggie Fick LONDON (Reuters) – AstraZeneca on Thursday said it was poised to grow in 2023 and beyond, banking on its burgeoning line-up of cancer, metabolic …
By Nick Zieminski and Kenneth Li NEW YORK (Reuters) – Thomson Reuters Corp, the parent company of Reuters News, on Thursday reported higher-than-expected earnings in the fourth quarter, helped by …
By Deborah Mary Sophia and Uday Sampath Kumar (Reuters) -Tapestry Inc on Thursday raised its annual profit outlook and said it sees more room for price hikes after strong demand …
By Jessica DiNapoli NEW YORK (Reuters) – Vodka shot, anyone? Spirits like whiskey, cognac and tequila, a celebrity favorite, have surpassed beer’s U.S. market share for the first time due …
By Makiko Yamazaki and Ritsuko Shimizu TOKYO (Reuters) -Toshiba Corp on Thursday confirmed it had received a proposal from a consortium led by private equity firm Japan Industrial Partners, after …
(Reuters) -Shares of Entain plc tumbled as much as 13% on Thursday after U.S-based MGM Resorts International said it had “moved on” from pursuing an offer for the British gambling …
KYIV (Reuters) – Elon Musk’s SpaceX should choose sides between Ukraine and Russia, a senior Ukrainian official said on Thursday, after the company said it was curbing Kyiv’s use of …
By Nelson Bocanegra BOGOTA (Reuters) – Colombia’s economy will have grown significantly for the second consecutive year in 2022, but expansion will slow sharply this year on high interest rates …
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at levels consistent with a tight labor market. Initial …
By Lawrence White and Sinead Cruise LONDON (Reuters) – Reports of renewed interest from First Abu Dhabi Bank (FAB) in acquiring Standard Chartered could breathe new life into its stock, …
(Reuters) – Lucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started …