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  • Immunomedics reports 3Q loss Wednesday, 6 May 2015 | 5:15 PM ET

    MORRIS PLAINS, N.J. _ Immunomedics Inc. on Wednesday reported a loss of $11.8 million in its fiscal third quarter. The average estimate of three analysts surveyed by Zacks Investment Research was also for a loss of 13 cents per share. Three analysts surveyed by Zacks expected $1.1 million.

  • Fed Chair Janet Yellen said on Wednesday that equity market valuations are "generally quite high," saying there are "potential dangers" with where shares are trading. "As talented a person as Janet Yellen is, I wouldn't necessarily use her as my portfolio advisor for equities," said Rick Meckler, president of investment firm LibertyView Capital Management in...

  • Prudential beats Street 1Q forecasts Wednesday, 6 May 2015 | 4:15 PM ET

    NEWARK, N.J. _ Prudential Financial Inc. on Wednesday reported first-quarter earnings of $2.04 billion. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of $2.41 per share. Five analysts surveyed by Zacks expected $10.87 billion.

  • Casinos forfeit $12,000 in winnings by underage patrons Wednesday, 6 May 2015 | 12:17 PM ET

    The casinos seized the money from patrons found to be under the legal gambling age of 21. The state Gaming Enforcement Division ordered them to forfeit the winnings to a state fund for seniors and the disabled. The money was confiscated between February 2011 and August 2013 from 103 gamblers, most of whom were playing slot machines. The Tropicana handed over...

  • *Private employers add fewest jobs since Jan 2014. MoneyGram and Synageva soar on buyout offers. "This is certainly going to change expectations for Friday's numbers," said Joe Saluzzi, co-manager of trading at Themis Trading in Chatham, New Jersey.

  • Treasurer says revenues expected to exceed projections Wednesday, 6 May 2015 | 9:22 AM ET

    Chris Christie's administration will put the cash toward New Jersey's public pensions, his top treasury official said Wednesday. Christie appealed, and the state Supreme Court heard arguments in the case Wednesday. The government expects about $200 million more in tax revenue for the current fiscal year, Treasurer Andrew Sidamon-Eristoff told the...

  • *MoneyGram and Synageva soar on buyout offers. May 6- Wall Street was set to open higher on Wednesday as investors focused on healthy corporate earnings reports and a revival in dealmaking, shrugging off a rout in the global bond market and weaker-than-expected U.S. private jobs data. "This is certainly going to change expectations for Friday's numbers," said Joe...

  • Zais beats 1Q profit forecasts Wednesday, 6 May 2015 | 8:36 AM ET

    RED BANK, N.J. _ Zais Financial Corp. on Wednesday reported first-quarter net income of $374,000. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 46 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Vonage posts 1Q profit Wednesday, 6 May 2015 | 8:21 AM ET

    HOLMDEL, N.J. _ Vonage Holdings Corp. on Wednesday reported first-quarter profit of $7.5 million. Vonage expects full-year revenue in the range of $862 million to $877 million. Keywords: Vonage Holdings, Earnings Report.

  • Alexion Pharmaceuticals will pay a huge premium to buy Synageva BioPharma in an $8.4- billion deal for a rare disease treatment maker that lost nearly $60 million in the first quarter and has no products on the market. Synageva's pipeline of products under development includes Kanuma, a potential treatment that's currently being reviewed by the Food and...

  • Vitamin Shoppe misses Street 1Q forecasts Wednesday, 6 May 2015 | 6:15 AM ET

    NORTH BERGEN, N.J. _ Vitamin Shoppe Inc. on Wednesday reported first-quarter profit of $18.7 million. Vitamin Shoppe expects full-year earnings to be $2.05 to $2.25 per share. Vitamin Shoppe shares have fallen 13 percent since the beginning of the year.

  • Role of government powers at issue in pension case Wednesday, 6 May 2015 | 1:55 AM ET

    TRENTON, N.J.— New Jersey's top court weighed the budget repercussions of ruling on a pension dispute between Gov. Chris Christie and public workers' unions on Wednesday while one justice wondered if the state had engaged in a "bait and switch." The state Supreme Court probed whether the state has a contractual obligation to pay what it agreed to in a 2011 pension...

  • NEW YORK, May 6- Amy Paternite, a real estate agent in Maplewood, New Jersey, is getting used to hearing from clients in their late twenties and early thirties who say they never thought they would leave New York City for the suburbs. "They still want good restaurants, but now it's also about space, affordability and being able to send their kids to a good public school,"...

  • NEW YORK, May 5- The $3.7 trillion U.S. municipal bond market has been punishing New Jersey's debt, largely because of the state's underfunded pension system and growing retirement costs. On Wednesday, the state's supreme court will hear arguments about whether it was legal for Governor Chris Christie to slash $1.6 billion from New Jersey's 2015 pension...

  • Amicus Therapeutics reports 1Q loss Tuesday, 5 May 2015 | 5:33 PM ET

    CRANBURY, N.J. _ Amicus Therapeutics Inc. on Tuesday reported a loss of $24.3 million in its first quarter. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 14 cents per share. Amicus Therapeutics shares have increased 24 percent since the beginning of the year.

  • Catalent tops 3Q profit forecasts Tuesday, 5 May 2015 | 5:27 PM ET

    SOMERSET, N.J. _ Catalent Inc. on Tuesday reported fiscal third-quarter earnings of $31.5 million. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Catalent shares have climbed roughly 5 percent since the beginning of the year.

  • New Jersey officials expect to collect up to $200 million in additional revenue between now and June 30, a windfall that Gov. The additional sum, if achieved, is still just one-eighth of the nearly $1.6 billion that a superior court judge ordered lawmakers to pay into the system after more than a dozen public sector unions filed suit to force the administration to...

  • Anadigics reports 1Q loss Tuesday, 5 May 2015 | 4:51 PM ET

    WARREN, N.J. _ Anadigics Inc. on Tuesday reported a loss of $5 million in its first quarter. On a per-share basis, the Warren, New Jersey- based company said it had a loss of 6 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEWARK, N.J.— The teenage son of a military couple charged with abusing their three foster children told a jury Tuesday that his parents used Bible passages to justify hitting the toddlers with a paddle, stick and other implements. The "rod of correction" was one form of discipline meted out by Army Maj. John Jackson and wife Carolyn, John Jackson Jr. testified under...

  • HARTFORD, Conn.— Connecticut lawmakers are wrestling with a bill that bans the import, sale and purchase of ivory or rhinoceros horns, with some voicing concern about the impact on collectors whose treasures could be rendered worthless. The legislation is intended to make Connecticut's laws conform with those in nearby New Jersey and New York, sending a message...