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  • Shares of Juno Therapeutics soared Tuesday morning, a day after larger drug developer Celgene announced plans to invest about $1 billion in Juno mostly through stock purchases as part of a collaboration to develop cancer and autoimmune disease treatments. Celgene will pay about $150 million upfront and buy 9.1 million shares of Juno's common stock at $93...

  • ATLANTIC CITY, N.J.— A dispute over utilities that is keeping Atlantic City's former Revel casino from reopening is getting worse. Bank of New York Mellon is seeking to intervene in a federal lawsuit between ACR Energy Partners and Florida developer Glenn Straub's Polo North Country Club, the casino's new owner. "At present, ACR's viability as a going concern is in...

  • NEW YORK— Shares of bond insurers tumbled Monday after Puerto Rico's governor said the U.S. territory had little hope of paying its $72 billion debt. Puerto Rico's bonds are popular with U.S. mutual funds because they are tax-free, but hedge funds and distressed-debt buyers began stepping in to buy up debt as the island's economy worsened and its credit rating...

  • TRENTON, N.J.— New Jersey residents with low incomes could see higher tax rebates under a proposal from Gov. Chris Christie being considered by the Legislature. The Legislature approved the measure Monday, one day before Christie is to announce his presidential campaign in northern New Jersey.

  • TRENTON, N.J.— A Pennsylvania woman has admitted embezzling more than $150,000 while working at a central New Jersey company. Authorities say 51- year-old Coleen Gibbas, of Conshohocken, pleaded guilty to theft by unlawful taking. State investigators found that between November 2008 and March 2015, Gibbas issued more than 100 unauthorized checks totaling...

  • ATLANTIC CITY, N.J.— The owners of Atlantic City's former Trump Plaza casino plan to keep it shut for at least 10 years as a tax-saving measure. Trump Entertainment Resorts has filed a deed restriction for the casino, which closed last September, preventing it from being used again as a casino for at least a decade. Trump Entertainment filed the deed Friday with...

  • TRENTON, N.J.— A Newark man was sentenced Friday to 18 years in prison for his role in an unemployment fraud scheme that authorities said was one of the largest in state history. Dilligard's ex-girlfriend, Monique Valentine of Roselle, was sentenced last fall to five years in prison. Dilligard's mother, 59- year-old Janice Allen of Newark, and his twin sister, Janice,...

  • BOSTON— Urban planners have long considered public transportation the best remedy for traffic congestion, but many of the nation's largest mass-transit systems simply aren't up to the task. Consider Boston, where the oldest American subway system began operating in 1897. During a winter of record-setting snow, the Massachusetts Bay Transportation...

  • At 4:35 a.m. each weekday, Stan Paul drives out of his Southern California suburb with 10 passengers in a van, headed to his job as an undergraduate counselor at the University of California, Los Angeles. On the return trip, Los Angeles' infamously snarled traffic often stretches their afternoon commute to three hours. "If we don't change, in 2045, the...

  • Home solar power company Sunrun files for IPO Thursday, 25 Jun 2015 | 4:55 PM ET

    NEW YORK— Sunrun Inc., a solar power company, filed plans Thursday to launch an initial public offering. It expects the stock to trade on the Nasdaq stock exchange under the symbol "RUN." The company currently operates in 15 states, including New York, California, Nevada, New Jersey and South Carolina.

  • Reaction to the Supreme Court's health care decision Thursday, 25 Jun 2015 | 2:20 PM ET

    Reaction to the Supreme Court's decision Thursday upholding tax subsidies in President Barack Obama's health care law:. "Today, after more than 50 votes in Congress to repeal or weaken this law, after a presidential election based in part on preserving or repealing this law, after multiple challenges to this law before the Supreme Court— the Affordable Care Act...

  • ELIZABETH, N.J.— A couple who says they were scared away from their new $1.4 million home because of creepy letters from a stalker has sued the sellers for not telling them about a person with a "mentally disturbed fixation" on the house. Derek and Maria Broaddus said the former owners of the home in Westfield, 25 miles west of New York City, should have warned them of the...

  • NEWARK, N.J.— A high school student from New York has filed a lawsuit after a printing error forced parts of the June 6 SAT to be thrown out. The lawsuit, filed in federal court in New Jersey, echoes others filed in New York and Florida against the creators and administrators of the test. The New York student, Jennie Whalen, alleges throwing out the sections is unfair to...

  • Buffalo museum launches gaming app built around artwork Thursday, 25 Jun 2015 | 12:57 PM ET

    BUFFALO, N.Y.— The newest work at the Albright-Knox Art Gallery is a gaming app meant to put modern and contemporary art in front of kids by way of their smartphones. Developers at the museum's new Innovation Lab worked with artists including Do Ho Suh and Jason Middlebrook to develop games built around their artistic concepts. "It's about balance and tension and...

  • JERSEY CITY, N.J.— A nonprofit organization that claimed it could turn gay men straight violated New Jersey's Consumer Fraud Act, a jury concluded Thursday in a civil trial that an attorney for the plaintiffs called "a momentous event" for LGBT rights. The jury said that Jews Offering New Alternatives for Healing, co-founder Arthur Goldberg and counselor Alan...

  • Bristol-Myers Squibb to shift research jobs Thursday, 25 Jun 2015 | 10:59 AM ET

    HARTFORD, Conn.— Bristol-Myers Squibb Co. will expand its presence in research centers in Cambridge, Massachusetts, and San Francisco, as it cuts jobs in Connecticut, the biopharmaceutical company announced Thursday. The New York- based company will open a research site in Cambridge— home to the Massachusetts Institute of Technology and Harvard— in 2018 and...

  • FDA reviewing safety of Essure birth control implant Thursday, 25 Jun 2015 | 10:26 AM ET

    The Food and Drug Administration says those problems have not been established in studies of the device and are not listed on the product label. The device was first approved by the FDA in 2002.. Despite those findings, the FDA says it has continued to receive reports of complications from patients.

  • Supreme Court upholds key tool for fighting housing bias Thursday, 25 Jun 2015 | 10:10 AM ET

    In upholding the tactic, the Supreme Court preserved a legal strategy that has been used for more than 40 years to attack discrimination in zoning laws, occupancy rules, mortgage lending practices and insurance underwriting. Every federal appeals court to consider it has upheld the practice, though the Supreme Court had never previously ruled.

  • SHANKSVILLE, Pa.— A $26 million visitors center complex at the Flight 93 National Memorial will be dedicated and open to the public Sept. 10, a day before the 14th anniversary of the terror attacks. The new center near Shanksville, about 75 miles southeast of Pittsburgh, consists of two buildings, a 4,700- square-foot learning center that will play host to...

  • Atlantic City rescue bills approved, sent to Christie Thursday, 25 Jun 2015 | 1:44 AM ET

    TRENTON, N.J.— New Jersey lawmakers passed a package of bills Thursday to help Atlantic City and its struggling casinos and schools, and sent it to Gov. The most important of the five bills approved by the state Senate would let Atlantic City's eight casinos make payments in lieu of taxes for 15 years, allowing the gambling halls to know exactly how much they owe...