Breaking Business news from across New Jersey.
By Echha Jain (Reuters) – Bank of Queensland shares fell nearly 5% on Wednesday, as the lender cut its dividend after annual profit plunged by about 70% amid depressed mortgage …
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Business News
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By Andrea Shalal MARRAKECH, Morocco (Reuters) – Senior executives at multilateral development banks will meet on Wednesday with the top credit ratings agencies, bank executives said, amid a broad push …
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By Anirban Sen and Echo Wang NEW YORK (Reuters) -German premium footwear maker Birkenstock Holding priced its U.S. initial public offering (IPO) at the middle of its indicated price range …
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(Reuters) – With U.S. inflation down from its peak, the risk of raising interest rates too little no longer far outweighs the risk of raising rates too much, San Francisco …
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By David Shepardson (Reuters) – Utah sued Chinese-owned app TikTok on Tuesday, accusing it of harming children by intentionally keeping young users spending unhealthy amounts of time on the short-video …
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By Sinéad Carew and Shashwat Chauhan (Reuters) – Wall Street indexes closed higher on Tuesday, to notch their third straight day of gains, after dovish comments from U.S. Federal Reserve …
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(Reuters) – The California Public Utilities Commission (CPUC) on Monday proposed a $45 million shareholder-funded penalty against Pacific Gas and Electric Company (PG&E) for its connections to the destructive 2021 …
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By Tetsushi Kajimoto TOKYO (Reuters) – Business morale at large Japanese manufacturers was subdued in October, although the services-sector mood edged up, the Reuters Tankan poll showed, as upbeat domestic …
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MARRAKECH, (Reuters) – Morocco’s state-owned phosphates and fertiliser producer OCP said on Tuesday it had signed an agreement with the International Finance Corporation (IFC), the World Bank’s investment arm, on …
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(Reuters) -HP Inc on Tuesday forecast fiscal 2024 earnings largely in line with estimates and raised its annual dividend, reflecting stabilizing demand in the personal computers market. Companies such as …
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By Anne Kauranen and Terje Solsvik HELSINKI (Reuters) -A subsea gas pipeline and a telecommunications cable connecting Finland and Estonia under the Baltic Sea have been damaged in what may …
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. A slump in U.S. bond yields, after another Federal Reserve …
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By Daina Beth Solomon MEXICO CITY (Reuters) – The U.S. Department of Labor said on Tuesday it is disappointed by the closure of VU Manufacturing’s facility in the northern Mexican …
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By Jorge Otaola and Walter Bianchi BUENOS AIRES (Reuters) – The free-fall of Argentina’s troubled peso showed no signs of slowing on Tuesday, with the local currency surpassing the psychological …
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By Gabriel Araujo SAO JOSE DOS CAMPOS, Brazil (Reuters) – Boeing on Tuesday opened a technology and engineering center in Brazil, aiming to expand its global footprint and take advantage …
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(Reuters) – The Washington Post plans to offer voluntary separation packages to employees across all functions, a company spokesperson said on Tuesday, as the newspaper looks to trim staff. The …
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By Valerie Volcovici WASHINGTON (Reuters) – The union representing U.S. carpenters has asked the Biden administration to ensure hydrogen projects powered by existing nuclear power plants will be able to …
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(Reuters) -Walmart said on Tuesday it will expand online primary care benefits as part of its employee health insurance plan to its workers in 28 U.S. states. The retailer employs …
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(Reuters) – The German premium footwear company Birkenstock priced its U.S. initial public offering (IPO) at $46 per share, the Wall Street Journal reported on Tuesday. (Reporting by Mrinmay Dey …
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By Svea Herbst-Bayliss NEW YORK (Reuters) – Nelson Peltz’s Trian Fund Management returned nearly 3% in the first nine months of the year, investors said on Tuesday, as his bet …
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By Dietrich Knauth (Reuters) -Drugmaker Mallinckrodt on Tuesday won court approval for a bankruptcy plan that cuts $1 billion from what it must pay opioid crisis victims, cancels existing equity …
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TORONTO (Reuters) – Bank of Montreal on Tuesday named Alan Tannenbaum as the new head of the bank’s capital market division, to replace outgoing CEO Dan Barclay, who is retiring …
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By David Lawder MARRAKECH, Morocco (Reuters) -The International Monetary Fund said on Tuesday that it is seeing “significant support” for a U.S.-backed increase in quota lending resources without changes to …
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By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The euro strengthened as the dollar slid on Tuesday in response to a sharp drop in Treasury yields on the back …
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By Ann Saphir (Reuters) -It’s “possible” that the recent rise in yields on longer-term Treasuries means the Federal Reserve need not raise interest rates as much as otherwise, but it’s …