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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Vodafone’s interim CEO faces first public test as calls for change grow

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Paul Sandle and Emilio Parodi LONDON/MILAN, Italy (Reuters) – Vodafone shareholders will look for two things from interim CEO Margherita Della Valle at her first results presentation on Wednesday …

  • Business News

    European shares end lower but log biggest January gain in eight years

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Amruta Khandekar and Ankika Biswas (Reuters) -Europe’s STOXX 600 fell on Tuesday as investors geared up for a fresh round of interest rate hikes from top central banks, but …

  • Business News

    GM shoves aside recession fears with robust 2023 forecast

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Paul Lienert and Joseph White DETROIT (Reuters) – General Motors Co shares jumped early on Tuesday after it reported higher net income for the fourth quarter, forecast stronger-than-expected earnings …

  • Business News

    Biden to ask McCarthy to show Republican budget in White House meeting

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    WASHINGTON (Reuters) – President Joe Biden will release his proposed budget on March 9, the White House said on Tuesday, setting a deadline before his meeting with the Republican House …

  • Business News

    United Airlines announces JV to develop sustainable fuel using ethanol

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    (Reuters) – United Airlines Holdings Inc on Tuesday announced a new joint venture to develop and commercialize a sustainable aviation fuel (SAF) technology that will use ethanol as a feedstock. …

  • Business News

    Analysis-GM goes slow on EVs as rivals fight a price war

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Joseph White and Paul Lienert DETROIT (Reuters) – General Motors Chief Executive Mary Barra is betting that moving more slowly than Tesla or Ford to accelerate electric vehicle production …

  • Business News

    U.S. consumer confidence ebbs in January; inflation expectations rise

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in January as households continued to worry about the economy’s prospects over the next six months, a survey showed on Tuesday. The …

  • Business News

    Italy’s economy contracts in Q4, raising recession fears

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Gavin Jones ROME (Reuters) – Italy’s economy shrank by 0.1% in the fourth quarter of last year from the previous three months, preliminary data showed on Tuesday, a slightly …

  • Business News

    Caterpillar profit slides as costs and forex squeeze margins, shares down

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Bianca Flowers and Aishwarya Nair (Reuters) – Caterpillar Inc’s fourth-quarter earnings slid by 29%, the company reported on Tuesday, citing higher manufacturing costs and foreign currency effects that weighed …

  • Business News

    Exclusive-Warner Bros Discovery licenses movies and TV shows to Roku, Tubi

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Dawn Chmielewski (Reuters) – Warner Bros Discovery Inc has reached deals with streaming services Roku Inc and Fox Corp’s Tubi to license 2,000 hours of movies and TV series, …

  • Business News

    Spotify shares jump on bullish outlook as more users tune in

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Supantha Mukherjee and Dawn Chmielewski STOCKHOLM/LOS ANGELES (Reuters) – Spotify Technology SA told investors Tuesday it would tighten spending and work to become efficient after a year of investments …

  • Business News

    Bayer under investor pressure to speed up CEO changeover

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – A top-10 shareholder in Bayer on Tuesday called on the group’s supervisory board to replace chief executive Werner Baumann quickly, adding …

  • Business News

    China’s industrial profits contract in 2022 on COVID woes

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Ellen Zhang and Ryan Woo BEIJING (Reuters) -Profits at China’s industrial firms fell 4% in 2022 from a year earlier, official data showed on Tuesday, squeezed by the impact …

  • Business News

    Banks battle to shed unsold buyout loans – sources

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Chiara Elisei, Nell Mackenzie and Pablo Mayo Cerqueiro LONDON(Reuters) – Banks are whittling down a pile of unsold loans that backed private equity buyouts in the cheap-money era and …

  • Business News

    Canada’s economy inched up in November, likely stalled at year-end

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s economy expanded slightly in November, matching expectations, and likely stalled in December, data showed on Tuesday, broadly in line with the …

  • Business News

    Cash-strapped Pakistan talks to IMF in bid to unlock $7 billion bailout

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Cash-strapped Pakistan on Tuesday held a first round of talks with the International Monetary Fund (IMF) in a bid to unlock stalled …

  • Business News

    U.S. house price inflation slows further in November

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    WASHINGTON (Reuters) – U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining mortgage rates could help to slow the housing market’s slide …

  • Business News

    Budweiser looks to younger generation in Super Bowl ad

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Sheila Dang (Reuters) -Budweiser is aiming to appeal to younger beer drinkers with a Super Bowl commercial that features actor Kevin Bacon and hip hop record producer Metro Boomin, …

  • Business News

    Factbox-European companies cut jobs as economy sputters

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    (Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced …

  • Business News

    Brazil’s Finance Ministry not discussing changes to inflation targets

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    BRASILIA (Reuters) – Brazil’s economic policy secretary Guilherme Mello said on Tuesday that discussions on changing inflation targets were not on the agenda of the Finance Ministry, stressing that the …

  • Business News

    India’s Adani secures $2.5 billion share sale amid short-seller storm

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Chris Thomas, Aditya Kalra and Sriram M MUMBAI (Reuters) – Gautam Adani’s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship …

  • Business News

    U.S. opens safety probe into 1.8 million Ford Explorer SUVs

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators said Tuesday they have opened a safety probe into more than 1.8 million Ford Explorer sport utility vehicles over reports windshield …

  • Business News

    Indonesia Finance Minister Sri Mulyani among candidates for top central bank job – sources

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    JAKARTA (Reuters) – Indonesia’s finance minister Sri Mulyani Indrawati is among candidates being considered to be the next central bank governor, replacing the current chief whose term ends in May, …

  • Business News

    EU tests banks’ ability to withstand ‘high-for-long’ interest rates

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Huw Jones LONDON (Reuters) – European Union banking regulators on Tuesday launched a stress test to check how banks could cope with a long period of high inflation and …

  • Business News

    Russia to hold rates in Feb, economy seen contracting again in 2023- Reuters poll

    by Reuters January 31, 2023
    by Reuters January 31, 2023

    By Alexander Marrow (Reuters) – The Bank of Russia will keep interest rates on hold at 7.5% next week as inflation remains above target, pushing the country’s economy to a …

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