Breaking Business news from across New Jersey.
By Muhammed Husain and Shadia Nasralla (Reuters) -Capricorn Energy’s chairperson, chief executive and three other directors have quit the board after weeks of shareholder pressure, led by activist investor Palliser …
By Chris Mfula LUSAKA (Reuters) -The International Monetary Fund has reached an understanding in principle with China about a debt restructuring strategy that could help resolve Zambia’s debt crisis, its …
(Reuters) -Dollar Tree Inc said on Tuesday Executive Chairman Richard Dreiling will replace Chief Executive Officer Mike Witynski, nearly a year after agreeing to revamp its board in a settlement …
By Klaus Lauer BERLIN (Reuters) – Axel Springer’s major shareholder KKR sees itself as a long-term investor in the Berlin-based media company, U.S. investor and KKR founder Henry Kravis told …
By John Revill (Reuters) -Logitech International said on Tuesday it expects the downturn in spending by business customers which hit its third quarter sales to be temporary, after the computer …
By Ananya Mariam Rajesh and Deborah Mary Sophia (Reuters) – Levi Strauss & Co is expected to report a fall in quarterly sales for the first time in six quarters, …
By Mike Stone and Shivansh Tiwary (Reuters) -Stinger missile maker Raytheon Technologies Corp on Tuesday beat analysts’ estimates for fourth-quarter profit, as the aerospace and defense company fed off strong …
By Manya Saini and Niket Nishant (Reuters) – U.S. card companies are expected to post the slowest revenue growth in seven quarters, as consumers tighten their purse strings and avoid …
By Eva Mathews and Samrhitha A (Reuters) -Verizon Communications Inc forecast annual profit below expectations on Tuesday, as the pandemic-led boom in wireless customer growth fizzles out and the company …
By Iain Withers and Huw Jones LONDON (Reuters) – Banks are pushing the British government to relax core parts of post-financial crisis rules designed to hold bosses to account for …
NEW YORK (Reuters) – Investors looking to cash out of non-traded U.S. real estate income trusts (REITs) have pushed redemptions to an all-time high, forcing private equity firms to impose …
By Anneli Palmen and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) – German defence group Rheinmetall on Tuesday raised its sales expectations for 2025 on higher demand for weapons due to the war …
NEW YORK (Reuters) – U.S. business activity contracted for the seventh straight month in January, though the downturn moderated across both the manufacturing and services sectors for the first time …
By Seun Sanni LAGOS (Reuters) – Nigeria opened a billion-dollar Chinese-built deep seaport in Lagos on Monday, which is expected to ease congestion at the country’s ports and help it …
STOCKHOLM (Reuters) – Sweden will upgrade its Berzelius supercomputer using Nvidia’s latest artificial intelligence (AI) systems to aid in understanding various diseases such as cancer and make it among the …
STOCKHOLM (Reuters) – Sweden-based Volvo Cars is recalling around 106,900 cars worldwide over a suspected fault related to the brakes, a Volvo Cars spokesperson said on Tuesday. The vehicles being …
MADRID (Reuters) – Spain’s auto industry is in dire need of an overhaul to catch up with European peers and speed up its electrification process as automakers struggle to recover …
(Reuters) – Union Pacific Corp reported lower-than-expected fourth-quarter profit on Tuesday, hurt by delayed shipments amid labor shortages and a winter storm that crippled freight operations across the United States. …
By Huw Jones LONDON (Reuters) – A potential ban on commissions paid by banks to financial advisers who sell their products could be part of a wider shake-up of retail …
By Alex Lawler, Ahmad Ghaddar and Vladimir Soldatkin LONDON (Reuters) – An OPEC+ panel is likely to endorse the producer group’s current oil output policy when it meets next week, …
By Jonathan Cable LONDON (Reuters) – The Bank of England will lift the Bank Rate by 50 basis points on Feb. 2 to 4.00% and then add another 25 basis …
By Allison Lampert (Reuters) – Some U.S. business jet buyers are looking for new aircraft whose current owners are having trouble making payments ahead of delivery, in a possible sign …
By Clyde Russell LAUNCESTON, Australia (Reuters) -The premium of high-grade thermal coal over coking coal in Asia is shrinking as China’s re-opening and ending of a ban on imports from …
By Deborah Mary Sophia and Mike Stone (Reuters) -U.S. weapons maker Lockheed Martin Corp on Tuesday forecast annual profit below Street expectations, hurt by lingering supply bottlenecks and higher costs, …
By Tetsushi Kajimoto TOKYO (Reuters) -Japan raised its estimates for long-term interest rates over the coming few years in government’s twice-yearly fiscal projections issued on Tuesday, following the central bank’s …