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Category:

Business News

Breaking Business news from across New Jersey.

  • Business News

    Bombardier raises 2022 revenue and free cash flow outlook, shares rise

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) -Canadian business jet maker Bombardier Inc on Tuesday raised its 2022 forecast for revenue and free cash flow above analysts’ expectations, helped by robust demand for private planes. Montreal-based …

  • Business News

    Morgan Stanley comfortable on headcount, takes mark-to-market losses on Twitter

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Saeed Azhar NEW YORK (Reuters) – Morgan Stanley is comfortable with its headcount after recent action to reduce jobs in December, Chief Financial Officer Sharon Yeshaya told Reuters on …

  • Business News

    Thomson Reuters Corp and London Stock Exchange Group expand partnership

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) – The London Stock Exchange Group and Thomson Reuters Corp will expand a long-term partnership that will include investments in the newsroom and an agreement to launch consumer subscription …

  • Breaking NewsBusiness NewsFeatured NewsNew Jersey NewsOpinion - EditorialTop 10 ListsTop HeadlinesTrending News

    New Jersey ranked one of the worst states to start a new business

    by Phil Stilton January 17, 2023
    by Phil Stilton January 17, 2023

    New Jersey has made it to the bottom of another important list. A Wallet Hub study ranked New Jersey the 47th worst place in America for entrepreneurs to start a …

  • Breaking NewsBusiness NewsOMG!Tech and Gaming

    Buyer Beware: Here’s another reason why you should never buy your gaming hardware at GameStop

    by Phil Stilton January 17, 2023
    by Phil Stilton January 17, 2023

    Gamestop has always had an atrocious return policy and is known for selling a new game title for $70 only to offer to buy it back the next day for …

  • Business News

    OPEC says Chinese oil demand to rebound in 2023 after drop

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Alex Lawler LONDON (Reuters) -OPEC said on Tuesday Chinese oil demand would rebound this year due to relaxation of the country’s COVID-19 curbs and drive global growth, and sounded …

  • Business News

    German economy minister: recession threatening Europe manageable

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    BERLIN (Reuters) – Germany’s economy minister said that easing gas prices give hope that a recession threatening Europe, and Germany, can be managed and even reduced, and underscored the need …

  • Business News

    Russia posts record current account surplus of $227 billion in 2022

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) -Russia’s current account surplus hit a record high in 2022, the central bank said on Tuesday, as a fall in imports and robust oil and gas exports kept foreign …

  • Business News

    Barrick set to report highest quarterly gold output for 2022

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) -Canadian miner Barrick Gold Corp on Tuesday reported a 13.4% sequential rise in gold production in what could be its highest quarterly output last year, driven by strong performances …

  • Business News

    What’s faster than a Corvette? A ‘Vette with an electric motor

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Joseph White DETROIT (Reuters) – General Motors Co on Tuesday revealed a new, hybrid Corvette sports car that uses an electric motor and battery to amp up acceleration and …

  • Business News

    Starbucks to expand U.S. delivery via DoorDash nationwide by March

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Hilary Russ NEW YORK (Reuters) – Starbucks Corp expanded its U.S. partnership with DoorDash Inc on Tuesday, the company said, betting that its customers will still be willing to …

  • Business News

    Russia to let some companies disregard foreign shareholders

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    (Reuters) – Russia is set to allow some companies to disregard the votes of shareholders from what it regards as “unfriendly” countries when making corporate decisions, according to a decree …

  • Business News

    Spain’s 2023 tourism revenue seen 5% higher than before pandemic

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    MADRID (Reuters) – Revenue from tourism companies in Spain is likely to be 4.7% higher this year than in 2019, before the COVID-19 pandemic ravaged the sector, industry group Exceltur …

  • Business News

    Japan yields top BOJ cap for third day on eve of crucial policy decision

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Kevin Buckland TOKYO (Reuters) – Japanese 10-year government bond yields topped the Bank of Japan’s (BOJ) policy ceiling for a third straight session on Tuesday amid swirling speculation that …

  • Business News

    EY sees favourable conditions by year-end or early-2024 to list arm

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Divya Chowdhury and Nishara Karuvalli Pathikkal (Reuters) – EY Global expects favourable market conditions by the end of this year or early 2024 to list its consulting and a …

  • Business News

    German investor morale positive for first time since Ukraine war – ZEW

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    BERLIN (Reuters) – German investor sentiment was in positive territory in January for the first time since the Ukraine war began as signs point to a milder recession over the …

  • Business News

    Big Oil’s good times set to roll on after record 2022 profits

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Ron Bousso and Sabrina Valle LONDON/HOUSTON (Reuters) – The West’s top energy firms are expected to rake in a combined record profit of $200 billion from a turbulent 2022 …

  • Business News

    Hertz to offer 25,000 EV rentals to Uber drivers in Europe

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Nick Carey LONDON (Reuters) – Car rental firm Hertz will make up to 25,000 electric vehicles (EVs) available to rent to drivers of ride-hailing company Uber in European capitals …

  • Business News

    Analysis-Airlines face hurdles to cashing in on China re-opening

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Allison Lampert, Jamie Freed and Doyinsola Oladipo (Reuters) – U.S. and European airlines will benefit from pent-up demand for travel to China after its recent border reopening, but route …

  • Business News

    Renault sales fall for 4th straight year

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    PARIS (Reuters) -The Renault group on Tuesday said sales at its flagship brand fell for a fourth consecutive year in 2022 to 1,466,729 units excluding Russia, a 9.4% decline from …

  • Business News

    German economy expected to contract slightly in 2023 – BDI

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    BERLIN (Reuters) – The German economy is expected to contract by 0.3% this year and the energy crisis triggered by Russia’s invasion of Ukraine will continue to weigh on industry …

  • Business News

    European borrowers start year with record 170 billion euro debt sale spree

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Yoruk Bahceli (Reuters) – European debt sales have had their fastest start to the year on record as governments and financial institutions take advantage of borrowing costs falling from …

  • Business News

    China developers’ debt risks persist after support policies’ slow start

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Clare Jim HONG KONG (Reuters) – China’s Country Garden had some rare good news for the cash-squeezed property sector with an offshore debt repayment on Tuesday, but a closer …

  • Business News

    Irish inflation falls month-on-month for first time in almost a year

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    DUBLIN (Reuters) – Irish inflation fell on a month-on-month basis for the first time in almost a year in December, bringing the annual rate to 8.2% from 8.9% a month …

  • Business News

    Exclusive-Montfort wins bid for Uniper’s marine fuels oil refinery in UAE – sources

    by Reuters January 17, 2023
    by Reuters January 17, 2023

    By Jeslyn Lerh, Julia Payne and Florence Tan (Reuters) – Montfort has emerged as the top bidder for Uniper Energy’s oil refinery in the UAE that produces low-sulphur fuel oil …

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