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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Marketmind: Asian stocks – soaring and roaring

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. Spurred by a solid rally on Wall Street after upbeat U.S. economic growth …

  • Business News

    Boeing pleads not guilty to fraud charge in 737 MAX arraignment

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Sheila Dang and David Shepardson FORT WORTH, Texas/WASHINGTON (Reuters) -Boeing Co pleaded not guilty on Thursday to a 737 MAX fraud conspiracy felony charge after families objected to a …

  • Business News

    Home Depot Canada found sharing customer personal data with Meta – privacy regulator

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    (Reuters) – Home Depot Inc’s Canadian arm was found to be sharing details from e-receipts related to in-store purchases with Facebook owner Meta Platforms Inc without the knowledge or consent …

  • Business News

    South Korean manufacturers’ business sentiment drops to weakest in over 2 years

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    SEOUL (Reuters) – South Korean manufacturers’ business sentiment for February weakened to the worst level in over two years, a central bank survey showed on Friday, hurt by heightened uncertainty …

  • Business News

    Stocks, dollar gain on soft landing hopes

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Herbert Lash NEW YORK (Reuters) -Global stock markets rallied and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with …

  • Business News

    Exonerated Deutsche Bank trader accuses bank of ‘malicious prosecution’

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Jonathan Stempel NEW YORK (Reuters) -A former Deutsche Bank AG trader whose conviction for rigging the Libor rate benchmark was overturned has begun a $30 million legal action in …

  • Business News

    Southwest Airlines warns of quarterly loss after holiday meltdown

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Rajesh Kumar Singh and Kannaki Deka (Reuters) -Southwest Airlines Co on Thursday warned of a loss in the current quarter as passengers shunned the carrier in the immediate aftermath …

  • Business News

    Renault offers workers 7.5% salary budget raise in 2023 -sources

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    PARIS (Reuters) – French carmaker Renault is offering workers to increase its 2023 budget for salaries by 7.5% in 2023 to help cope with the rising cost of living, three …

  • Business News

    Dollar higher as strong U.S. data backs a hawkish Fed

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar edged higher against the euro on Thursday after data showed the U.S. economy maintained a strong pace of growth in …

  • Business News

    Morgan Stanley penalizes employees as much as $1 million for WhatsApp breaches – source

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) -Morgan Stanley has imposed financial penalties on employees who used messaging platforms such as WhatsApp for company business, according to two …

  • Business News

    U.S. economy posts strong growth in Q4, but with underlying weakness

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Lucia Mutikani WASHINGTON (Reuters) – The U.S. economy grew faster than expected in the fourth quarter, but that likely exaggerates the nation’s health as a measure of domestic demand …

  • Business News

    Oil settles up 2% on strong U.S. data, China reopening

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Scott DiSavino NEW YORK (Reuters) – Oil prices rose about 2% on Thursday on expectations that global demand will strengthen as top oil importer China reopens its economy and …

  • Business News

    U.S. lawsuit against Google could benefit Apple and others

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Sheila Dang and Diane Bartz (Reuters) -A landmark lawsuit by the U.S. Justice Department against Alphabet’s Google over its dominance of advertising technology could help rivals and websites that …

  • Business News

    Colombia’s economy has high growth potential but cannot ditch oil, mining -IDB

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    BOGOTA (Reuters) – Colombia’s economy has high growth potential, boosted by agriculture, tourism and interconnectivity between different economic sectors, but will continue to depend on its oil and mining industries, …

  • Business News

    ADM’s earnings top forecasts on strong crush margins, buoyant demand

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Karl Plume CHICAGO (Reuters) -Archer-Daniels-Midland Co on Thursday said robust soy crushing margins and hefty global demand for crops had propelled the U.S. grains merchant to a record fourth-quarter …

  • Business News

    Industry body clarifies what happens when crypto derivatives crash

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Huw Jones LONDON (Reuters) – An industry body set out a global framework on Thursday for trading derivatives linked to cryptoassets to avoid FTX-style collapses sowing confusion over ownership. …

  • Business News

    Sony’s gaming chief met EU’s Vestager on Microsoft’s Activision deal -source

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Foo Yun Chee BRUSSELS (Reuters) – Sony’s gaming chief Jim Ryan met EU antitrust chief Margrethe Vestager on Wednesday to discuss Microsoft’s $69 billion bid for “Call of Duty” …

  • Business News

    With eyes on FTX bankruptcy, U.S. regulator seeks more due diligence authority

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Chris Prentice and Michelle Price NEW YORK (Reuters) – A top official with the U.S. Commodity Futures Trading Commission (CFTC) is pressing lawmakers to give regulators authority to dig …

  • Business News

    Lexus chief to take over Toyota as founder’s grandson steps down

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Makiko Yamazaki and Kevin Krolicki TOKYO (Reuters) – Toyota’s chief executive will step down as head of the company his grandfather founded, the automaker said on Thursday, handing over …

  • Business News

    U.S. Senate finance chair: Congress should hike tax on oil firms’ stock buybacks

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    (Reuters) – U.S. Senate Finance Committee Chair Ron Wyden on Thursday said Congress must do more to raise taxes on oil companies’ stock buybacks after Chevron Corp announced it would …

  • Business News

    BofA promotes 360 employees to managing directors in diversity push – source

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    (Reuters) – Bank of America Corp has promoted 360 employees to managing directors, with more than 50% of them representing women and people of color, a source familiar with the …

  • Business News

    LVMH’s Arnault brushes off succession question

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    PARIS (Reuters) – Bernard Arnault, the boss of luxury giant LVMH and the world’s richest man, brushed away questions about his succession with a joke on Thursday. The 73-year old …

  • Business News

    Luxury group LVMH’s sales defy downturn as shoppers splurge

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Mimosa Spencer PARIS (Reuters) -Luxury goods group LVMH’s sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, …

  • Business News

    BetMGM expects to become profitable in second half of 2023

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Radhika Anilkumar (Reuters) – U.S. sports-betting platform BetMGM expects to turn profitable in the second half of 2023 after the MGM Resorts and Entain joint venture’s annual revenue beat its …

  • Business News

    Shareholders can sue McDonald’s ex-executive in landmark ruling

    by Reuters January 26, 2023
    by Reuters January 26, 2023

    By Tom Hals WILMINGTON, Del. (Reuters) – Shareholders can sue McDonald Corp’s former global chief people officer for the damage they claim he caused to the restaurant chain by allegedly …

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