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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    T-Mobile data breach exposes about 37 million accounts

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    (Reuters) -U.S. wireless carrier T-Mobile said on Thursday it was investigating a data breach that may have exposed 37 million postpaid and prepaid accounts, and hinted at incurring significant costs …

  • Business News

    Tesla pushes back Model 3 delivery times in Germany after price cuts

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    BERLIN (Reuters) – Tesla pushed back the delivery window for Model 3 vehicles on its website in Germany to February to April 2023 from January to March previously, a week …

  • Business News

    Exclusive-Madrilena Red de Gas draws regulatory scrutiny over capital management –sources

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Andres Gonzalez, Pablo Mayo Cerqueiro and Isla Binnie LONDON (Reuters) – Spain’s markets and competition regulator is reviewing whether gas distributor Madrilena Red de Gas (MRG) has complied with …

  • Business News

    Davos 2023: Key takeaways from the World Economic Forum

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    DAVOS, Switzerland (Reuters) – Global leaders and business executives departed a freezing World Economic Forum (WEF) meeting on Friday after a frank exchange of views over how the world will …

  • Business News

    Italy plans Treasury shake-up with new department for state-owned firms – sources

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Giuseppe Fonte ROME (Reuters) – Italian Economy Minister Giancarlo Giorgetti wants to reorganise his ministry, creating a new department to manage state-owned firms and banking regulation in a project …

  • Business News

    Banknote printer De La Rue says made aware of India probe

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Muhammed Husain (Reuters) -Banknote printer De La Rue said on Friday it had been made aware of an investigation by Indian authorities into a former Indian finance secretary in …

  • Business News

    Davos 2023: Talent shortage rules in tight labour markets-ManpowerGroup

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    DAVOS, Switzerland (Reuters) – Talent shortages in key sectors are likely to remain a feature of Western economies left with persistently tight labour markets in the wake of the coronavirus …

  • Business News

    Intel says Italy still in the game as talks over chip plant continue

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    MILAN (Reuters) -Italy remains a potential location for Intel to build a new European chip plant, the U.S. chipmaker told Reuters on Friday, having set out last March a plan …

  • Business News

    European junk debt sales spring back to life as sentiment improves

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Chiara Elisei LONDON (Reuters) – Junk-rated companies in Europe have raised $1.4 billion from bond sales this month as investors return to riskier debt after rising interest rates and …

  • Business News

    Analysis-Frankfurt ‘STIRs’ up euro clearing battle with London

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Huw Jones LONDON (Reuters) – Frankfurt expands derivatives clearing on Monday in an early test of how well European Union ambitions to lure trillions of euros of business from …

  • Business News

    Canadian insurer Sun Life inks $193 million deal with HK’s Dah Sing

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    (Reuters) – A unit of Canadian insurer Sun Life Financial Inc has partnered with Hong Kong-based Dah Sing Bank in a deal valued at nearly C$260 million ($193 million), the …

  • Business News

    BoC to raise rates by 25 bps to peak of 4.50% on Jan. 25: Reuters poll

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Swathi Nair BENGALURU (Reuters) – The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause …

  • Business News

    Apple appeals investigation by UK competition watchdog

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    LONDON (Reuters) – Technology giant Apple has filed an appeal against an investigation by Britain’s competition watchdog into the dominance of its mobile browsers in the cloud gaming market. Last …

  • Business News

    Little room for gloom at Dublin’s Davos for aircraft financiers

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Padraic Halpin and Conor Humphries DUBLIN (Reuters) – While the prospect of global recession casts a long shadow over the snowy peaks of Davos this week, the mood was …

  • Business News

    IKEA sees higher demand in Europe driven by home furnishings – CEO

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) – Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current fiscal year, …

  • Business News

    Holcim sees U.S. inflation act helping it in N.America

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Divya Chowdhury and Nishara Karuvalli Pathikkal DAVOS, Switzerland (Reuters) – Holcim expects the U.S. Inflation Reduction Act (IRA) to provide strong momentum for its business in North America which …

  • Business News

    Ericsson shares slide as earnings disappoint

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Supantha Mukherjee STOCKHOLM (Reuters) -Ericsson on Friday reported lower than expected fourth-quarter core earnings as sales of 5G equipment slowed in high-margin markets such as the United States, sending …

  • Business News

    Davos 2023: CEOs buzz about ChatGPT-style AI at World Economic Forum

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Jeffrey Dastin DAVOS, Switzerland (Reuters) -Business titans trudging through Alpine snow can’t stop talking about a chatbot from San Francisco. Generative artificial intelligence, tech that can invent virtually any …

  • Business News

    BOJ’s Kuroda vows to keep ultra-loose policy

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    DAVOS, Switzerland (Reuters) – Bank of Japan Governor Haruhiko Kuroda said on Friday the central bank will continue its current “extremely accommodative” monetary policy to achieve its 2% inflation target …

  • Business News

    Stellantis to halt Italian van plant next week due to parts shortage, unions say

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    MILAN (Reuters) – Stellantis will halt production at its Atessa van making plant In Italy next week due to a parts shortage, unions said on Friday. The stoppage will affect …

  • Business News

    Aircraft lessors cool on risky markets after $10 billion Russia blow

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Conor Humphries and Padraic Halpin DUBLIN (Reuters) – Aircraft leasing companies, which own most of the world’s passenger jets, face a tricky balance between risks and rewards after losing …

  • Business News

    Marketmind: Netflix flickers

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    A look at the day ahead in U.S. and global markets from Mike Dolan. With the macro picture turning foggy again, streaming giant Netflix generated a rare bright spark in …

  • Business News

    Regulator fines Air India $37,000 for unruly passenger incident

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    NEW DELHI (Reuters) -Air India has been fined 3 million Indian rupees ($37,000) for its handling of an unruly passenger on one of its flights in November, India’s aviation regulator …

  • Business News

    Analysis-Tesla’s price cuts promise more pain for money-losing U.S. EV startups

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Akash Sriram (Reuters) – A price war in electric vehicles started by market leader Tesla Inc has made it much more difficult for money-losing U.S. startups like Rivian Automotive …

  • Business News

    Hungary central bank seen keeping its guard up as inflation risks mount: Reuters poll

    by Reuters January 20, 2023
    by Reuters January 20, 2023

    By Krisztina Than BUDAPEST (Reuters) – Hungary’s central bank is expected to leave its base rate unchanged at 13% next Tuesday, the highest in the European Union, due to persistent …

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