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  • NJ Transit proposes fare hikes, service cuts Monday, 20 Apr 2015 | 2:02 PM ET

    Among the increases would be a 75- cent hike for a one-way ride from Metropark to New York, which currently costs $10. Shorter rides, such as from Clifton to Hoboken, Cranford to Newark and Brick Church to Summit, would rise 25 cents. One-way fares between Trenton and New York, the two endpoints of the Northeast Corridor Line, would rise $1.25 to $16.75, an 8 percent...

  • Correction: Sprint-Cuba story Monday, 20 Apr 2015 | 1:34 PM ET

    NEW YORK— In a story April 17 about Sprint's Boost Mobile unit, The Associated Press reported erroneously that Boost Mobile's prepaid Cuba plan would involve calling cards. NEW YORK— Sprint's Boost Mobile business is offering prepaid plans for Miami customers who want to call Cuba. Cuba charges some of the world's highest rates for long-distance calling, and...

  • Judge says new Revel owner can cancel tenant leases Monday, 20 Apr 2015 | 1:02 PM ET

    ATLANTIC CITY, N.J.— The new owner of Atlantic City's Revel casino can terminate the leases of former business tenants there, a judge ruled Monday. The decision by U.S. Bankruptcy Court Judge Gloria Burns frees Glenn Straub to either renegotiate new leases with the former tenants, including restaurants and nightclubs, or seek new firms to rent space once the...

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • Vice News, NPR, CNN, WNYC win double Peabody Awards Monday, 20 Apr 2015 | 11:33 AM ET

    NEW YORK— Vice News won two Peabody Awards, including one for reporter Medyan Dairieh's report on Islamic state fighters, with CNN, NPR and New York public radio station WNYC also winning twice in the annual honors for electronic media. Besides Dairieh's reports, Vice won for " Last Chance High," a series on a Chicago school treating troubled youth.

  • *Euro slips against dollar on Greece default worries. NEW YORK, April 20- Global equity markets snapped back on Monday from a worldwide decline the previous session on China's steps to stimulate its economy and solid corporate earnings, while the euro weakened amid worries that Greece may default. "What's helped the market today is the story about more stimulus...

  • April 20- Oscar Health Insurance, a privately held company that aims to shake up the industry with technology-driven services for individual consumers, on Monday said it had secured $145 million in new funding led by technology investor Peter Thiel. UnitedHealth Group Inc, Aetna Inc and Anthem Inc each have tens of millions of corporate members and hundreds of...

  • *Euro slips on Greece worries, dollar. NEW YORK, April 20- European and U.S. stocks rose on Monday after China announced economic stimulus measures while the euro fell against the dollar on worries Greece may default. "What's helped the market today is the story about more stimulus in China," said Rick Meckler, President of LibertyView Capital Management in Jersey...

  • The cash infusion comes as Oscar prepares to expand its operation beyond New York and New Jersey, where it currently operates. "It's openly known that we are going through the licensing process in California and Texas," company Chief Executive Mario Schlosser said in an interview. Oscar, which estimates it now has 40,000 members, added coverage in New Jersey this...

  • NEW YORK, April 20- U.S. stocks were set to open higher on Monday, following a sharp decline in the previous session, as Chinese steps to stimulate its slowing economy and earnings, including those from Morgan Stanley, lured money back into equities. Morgan Stanley shares rose 1.5 percent in premarket trading after the Wall Street investment bank reported a 60...

  • ROCKAWAY TOWNSHIP, N.J.— The driver of a suspicious vehicle that was stopped at a security checkpoint as it tried to enter an Army arsenal, triggering an evacuation, is due to be arraigned in New Jersey. Picatinny Arsenal spokesman Tim Rider tells The New Jersey Herald that charges against the motorist will be released Monday. Information from: The New Jersey...

  • Prologis purchases KTR Capital for $5.9 billion Sunday, 19 Apr 2015 | 5:02 PM ET

    WASHINGTON— Warehouse and distribution center operator Prologis Inc. says it has acquired KTR Capital Partners, which owns more than 300 industrial properties in the U.S. Prologis, which owns and operates more than 2,800 properties in North America, South America, Europe and Asia, will pay $5.9 billion for KTR. The acquisition will increase Prologis' presence...

  • TRENTON, N.J.— One of the hot new cancer immunotherapy drugs, Merck& Co.' s Keytruda, strongly benefited patients with melanoma, lung cancer and mesothelioma, according to three studies presented Sunday at the American Association for Cancer Research conference in Philadelphia. One study, comparing Keytruda to Bristol-Myers Squibb Co.' s Yervoy, could give Merck...

  • Wells Fargo acknowledges it no longer has anything to do with the building, which was bought on April 7 by Florida developer Glenn Straub. "As a matter of public interest for the City of Atlantic City and the State of New Jersey, Wells Fargo is concerned that the impasse between ACR and Polo North is creating a potentially dangerous situation with respect to the...

  • ATLANTIC CITY, N.J.— Eight years ago, Atlantic City's Tropicana casino was hanging by a thread. But now, the Tropicana has rebounded to become one of Atlantic City's more profitable casinos. "When you think back to that period of time, this place was a diamond in the rough," said Tropicana President Tony Rodio, who ran a different Atlantic City casino at the time.

  • Equities lost ground after industrials Honeywell International and General Electric took hits from the strong dollar, while concerns over new trading regulations in China and Greece's place in the euro zone dented sentiment. "Our markets will get kind of quiet again as we wait for some of those earnings and what is going to happen on the 24th with Greece," said...

  • NEW YORK— Sprint's Boost Mobile business is offering prepaid calling cards for Miami customers who want to call Cuba. Cuba charges some of the world's highest rates for long-distance calling, and calls into Cuba are also among the world's most expensive. The two nations announced a prisoner exchange, and on Tuesday the White House said President Obama will...

  • NEW YORK, April 17- Global equity markets fell on Friday on reports about a crackdown on margin lending in China, while the dollar retreated on views that stronger U.S. consumer prices were not enough to offset recent weak data that could slow a Federal Reserve interest rate hike. China on Friday also allowed fund managers to lend stocks for short-selling and...

  • NEW YORK, April 17- PricewaterhouseCoopers agreed to pay $65 million in cash to settle a lawsuit claiming it fraudulently deceived MF Global Holdings Ltd investors about its auditing of the now-defunct brokerage, which was run by former New Jersey Governor Jon Corzine. The preliminary settlement with investors in MF Global's common stock, bonds and...

  • ROCKAWAY TOWNSHIP, N.J.— Authorities say a suspicious vehicle stopped at a security checkpoint at a New Jersey arsenal has been deemed to pose no explosive threat. The Picatinny Arsenal was evacuated for several hours Friday after security personnel noticed something suspicious within the vehicle as it approached a gate. Authorities treated the situation...