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  • Breeze-Eastern posts 4Q profit Friday, 29 May 2015 | 8:03 AM ET

    WHIPPANY, N.J. _ Breeze-Eastern Corp. on Friday reported fiscal fourth-quarter net income of $5.4 million. The Whippany, New Jersey- based company said it had profit of 54 cents per share. Breeze-Eastern shares have climbed nearly 4 percent since the beginning of the year.

  • Woman wins $100 million in transvaginal mesh case Friday, 29 May 2015 | 2:37 AM ET

    The News Journal of Wilmington reports the 51- year-old Newark woman was awarded damages Thursday following a two-week trial in Superior Court in Wilmington against Boston Scientific. The jury found Boston Scientific failed to warn doctors and patients of the risk of the poorly designed inserts. Boston Scientific spokeswoman Kelly Leadem says the...

  • Nothing was said about running a loan program for Atlantic City. But as Drummon negotiated with Thigpen to purchase the Tennessee Business and Industrial Development Corp., Drummon was working with former Atlantic City Mayor Lorenzo Langford to get $3 million from the city to launch a community loan program. Atlantic City is suing to get the $3 million back,...

  • Rand Paul is fighting to transform his recent Capitol Hill victory into momentum with the voters who will select the next president. Yet he's seized the opportunity in interviews across the country this week before another showdown in Congress. "I think some of his ideas are a breath of fresh air," said Corey Brooks, an African-American pastor in the South Side of...

  • Atlantic City prices second bond deal in two weeks Thursday, 28 May 2015 | 5:05 PM ET

    May 28- New Jersey's struggling gambling hub, Atlantic City was able to access capital markets for the second time in two weeks, albeit at high interest rates and only with state backing. Atlantic City sold $12 million of tax-exempt general obligation bonds to Bank of America Merrill Lynch in a competitive offering, with a top yield of 6 percent on 15- year bonds...

  • US gambling market saturated, yet casinos keep on coming Thursday, 28 May 2015 | 10:52 AM ET

    That's the consensus of participants at a major casino conference in Atlantic City. Asked if casino closings outside New Jersey are likely, she said nothing appears imminent, but "of course it's going to happen" if expansion continues at its current pace. "Pennsylvania doesn't care what happens to New Jersey, and New York doesn't care what happens to Pennsylvania,"...

  • Atlantic City sues over failed community loan program Thursday, 28 May 2015 | 9:53 AM ET

    Atlantic City is suing to get back $3 million it gave to the company that has failed to run the Community Loan Program, launched in 2013 by Lorenzo Langford, the mayor at the time. The company used most of the city money to buy a finance firm in Tennessee that has since had management of more than $6.6 million in government-backed loans taken away by the Small...

  • Huge changes, challenges about to hit NJ casino market Thursday, 28 May 2015 | 9:41 AM ET

    The issue of whether legalized gambling should be expanded beyond Atlantic City is now front and center due to a proposal for a casino at the Meadowlands Racetrack, and Gov. The proposal from Hard Rock and the Meadowlands comes as Atlantic City lost four of its 12 casinos last year. Speaking Thursday at the East Coast Gaming Congress, track owner Jeff Gural said...

  • J&J accepts offer from Cardinal Health for Cordis unit Thursday, 28 May 2015 | 8:23 AM ET

    NEW YORK— Health care giant Johnson& Johnson has formally accepted a $1.94 billion offer to sell its Cordis heart devices unit to Cardinal Health. Cordis has operations in more than 50 countries, including China, Japan, Germany, Italy, France, the U.K. and Brazil. Cardinal Health had previously said that it expects the deal to add more than 20 cents per share to its...

  • Christie backs vote for north Jersey casino question Thursday, 28 May 2015 | 7:41 AM ET

    Chris Christie supports asking voters if they want to change the state constitution to allow casino gambling in northern New Jersey. Appearing on his monthly "Ask The Governor" program on radio station New Jersey 101.5 FM Wednesday night, Christie said he has no problem with the question going on the ballot "right away." Christie's comments came a day after Hard...

  • Slow start, gradual improvement for US Internet gambling Wednesday, 27 May 2015 | 6:16 PM ET

    ATLANTIC CITY, N.J.— Internet gambling is off to a slow start in the United States, with banks hesitant to handle credit card payments for online bets and some politicians and casino moguls pushing to ban it, but there remains potential for great growth, participants in a major gambling conference agreed Wednesday. Three states currently offer Internet gambling:...

  • Tracy Morgan settles suit with Wal-Mart over fatal crash Wednesday, 27 May 2015 | 3:56 PM ET

    NEWARK, N.J.— Actor-comedian Tracy Morgan has settled his lawsuit against Wal-Mart over a highway crash that killed one man and left Morgan and two friends seriously injured. Morgan's lawyer, Benedict Morelli, said he and Walmart worked diligently to reach the settlement for the plaintiffs and their families. "Walmart took full responsibility for the accident,...

  • May 27- A nun-turned-developer was ordered to pay nearly $1 million for lavish spending and for hiring an ex-con known as Frankie the Fish while building a Mississippi casino, a court ruled on Wednesday. Sandra Manno, a one-time mayor of Marlton, New Jersey, who had spearheaded a vote to legalize gambling in the state, was ordered by a Delaware judge to pay $970,123...

  • State Investment Council Chairman Brendan Thomas "Tom" Byrne Jr. asked the Treasury Department's Division of Investment on Wednesday during a public hearing to explore options to divest from JLL Partners. The state invested $50 million with the firm in 2005, and in 2006 JLL Partners bought ACE Cash Express Inc. That company provides short-term loans and...

  • Chris Christie said Wednesday more than 300 homes have now been acquired by the state under a post-Superstorm Sandy buyout program, as he blasted other homeowners for refusing to give the state the right to build protective dunes on their properties. The Federal Emergency Management Agency has approved more than $100 million for the program, in addition to...

  • NEWARK, N.J.— Tracy Morgan, Wal-Mart settle suit after New Jersey highway crash that hurt him, killed friend.

  • PARIS, May 27- Patrick Drahi, the billionaire owner of European telecoms group Altice, said he didn't bid for Time Warner Cable because his company lacked management resources to digest such a big deal in a market it had only recently entered. "I didn't follow up on the exchanges we had on Time Warner Cable that were mentioned in the media because we were not ready,"...

  • Movado misses 1Q profit forecasts Wednesday, 27 May 2015 | 7:18 AM ET

    PARAMUS, N.J. _ Movado Group Inc. on Wednesday reported fiscal first-quarter profit of $3.6 million. Movado expects full-year earnings to be $2 to $2.10 per share, with revenue in the range of $590 million to $600 million. Movado shares have dropped roughly 3 percent since the beginning of the year.

  • The plane was inspected and its passengers' luggage was screened as EVA Air Flight 12 sat on the tarmac at the airport, but there was no evidence of a threat, FBI spokeswoman Laura Eimiller said. The FBI, airport police and the Los Angeles police bomb squad jointly investigated the threat, which came by telephone. In one case, U.S. military jets escorted an Air France...

  • Hormel buying meat producer Applegate Farms for $775M Tuesday, 26 May 2015 | 5:43 PM ET

    NEW YORK— Hormel Foods is paying $775 million to add natural and organic meats producer Applegate Farms to its roster of food brands that include Spam canned ham, Dinty Moore stew and Jennie-O turkey. Applegate Farms sells deli meats, hot dogs, bacon and sausage, among other products, and says it doesn't use GMO ingredients, feeds its animals a vegetarian diet,...