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  • 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...

  • *GE, Honeywell blame strong dollar for lower revenue. April 17- U.S. stocks fell on Friday afternoon, putting the S&P 500 on track for its biggest daily percentage loss since March 25, as concerns over regulations in China, Greece's debt negotiations and disappointing earnings weighed on sentiment. Both Honeywell International and General Electric blamed the...

  • PwC to pay $65 mln to resolve lawsuit over MF Global Friday, 17 Apr 2015 | 3:17 PM ET

    NEW YORK, April 17- PricewaterhouseCoopers has agreed to pay $65 million to resolve a lawsuit claiming it deceived investors when it was auditing MF Global Holdings Ltd, the now-defunct brokerage once run by former New Jersey Governor Jon Corzine. The preliminary settlement was disclosed in papers filed on Friday with the U.S. District Court in Manhattan, and...

  • ATLANTIC CITY, N.J.— A federal judge is prohibiting the new owner of Atlantic City's former Revel casino from connecting to equipment owned by a utility company at the center of a literal power struggle at the now-dark Boardwalk complex. U.S. District Court Judge Jerome Simandle issued a temporary restraining order Friday prohibiting Glenn Straub from...

  • BCB Bancorp posts 1Q profit Friday, 17 Apr 2015 | 1:22 PM ET

    BAYONNE, N.J. _ BCB Bancorp Inc. on Friday reported first-quarter profit of $1.8 million. BCB Bancorp shares have climbed almost 3 percent since the beginning of the year. Keywords: BCB Bancorp, Earnings Report.

  • WASHINGTON— An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation. There have been a series of fiery oil train explosions in the U.S. and Canada in recent years, including one just...

  • *Wall Street, European shares also hit by corporate earnings. NEW YORK, April 17- Global equity markets fell on Friday as a crackdown on margin lending in China sent ripples around the world, while the dollar gained on rising U.S. consumer price data that should keep the Federal Reserve on track to raise interest rates this year. Stocks in Europe and on Wall Street...

  • SAN FRANCISCO— Protests by Japanese-American groups have led an East Coast auction house to cancel a sale of 450 photos and artifacts from World War II internment camps. "We know what the internment camps were," Rago Arts and Auction Center founding partner David Rago said Thursday. Roughly 120,000 Japanese Americans were incarcerated at 10 relocation camps...

  • PRINCETON, N.J.— The American Boychoir School in Princeton is fighting to keep its doors open after filing for bankruptcy last week. The Times of Trenton reports that the school has received donations and pledges totaling $140,000. Annual tuition for fourth- and fifth-grade students is $22,370 and $5,750 for boarding.

  • US STOCKS-Wall St slumps, hit by weak earnings, China Friday, 17 Apr 2015 | 10:24 AM ET

    *China action deepens worry of short-selling. April 17- Wall Street opened sharply lower on Friday, with the major indexes falling one percent or more, on investor concerns over a clampdown on margin trading in China and a number of disappointing earnings reports from U.S. corporations. Shares of Honeywell International shares dropped 2 percent to $101.53...

  • New Jersey's bond rating was downgraded this week over the state's pension contribution shortfall, marking the ninth time since Gov. So is the aftermath: The Republican governor's administration calling on the Legislature to agree to a second major overhaul of the pension and benefit system for public workers in five years. Meanwhile, the Democratic state...

  • *China action deepens worry of short-selling. April 17- U.S. stock index futures pointed to a lower opening on Friday on investor concerns over reports of a regulatory clampdown on trading in China, a move that potentially would be negative for a recently flow of money into Chinese exchanges. "There restrictions on short selling have been lifted in China and when...

  • April 17- Diversified U.S. manufacturer Honeywell International Inc reported lower-than-expected quarterly revenue, hurt by the sale of its friction materials business and a strong dollar. Honeywell sold its friction materials business to Federal Mogul last year for about $155 million. Net income attributable to Honeywell rose to $1.12 billion, or $1.41...

  • Honeywell beats 1Q profit forecasts Friday, 17 Apr 2015 | 7:06 AM ET

    MORRISTOWN, N.J. _ Honeywell International Inc. on Friday reported first-quarter net income of $1.12 billion. Honeywell expects full-year earnings in the range of $6 to $6.15 per share, with revenue in the range of $39 billion to $39.6 billion. Honeywell shares have climbed 4 percent since the beginning of the year, while the Standard& Poor's 500 index has...