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  • NEW BRUNSWICK, N.J.— Cardinal Health is offering to buy a unit of Johnson& Johnson that makes heart devices for approximately $1.94 billion. Johnson& Johnson's Cordis business, which is based in Fremont, California, had 2014 revenue of about $780 million. Cordis has operations in more than 50 countries, including China, Japan, Germany, Italy, France, the U.K. and Brazil.

  • House Roll Call: Approving 1-week DHS funding bill Friday, 27 Feb 2015 | 10:25 PM ET

    The 357-60 roll call Friday by which the House approved a bill to fund the Homeland Security Department for one week. The bill goes to President Barack Obama for his signature. Republicans— Aderholt, X; Brooks, N; Byrne, Y; Palmer, N; Roby, Y; Rogers, Y.

  • Chris Christie made headlines on the state's beleaguered Transportation Trust Fund this week by not mentioning it in his 25- minute budget address, drawing the ire of many interest groups pushing for a long-term fix to the fund. Tom Bracken, president of the New Jersey Chamber of Commerce and chairman of a group of business and labor leaders pushing for a kind of...

  • Democrat: veto override still on despite GOP bill Friday, 27 Feb 2015 | 2:36 PM ET

    TRENTON, N.J.— Lawmakers' efforts to overhaul the Port Authority of New York and New Jersey got a jump-start on Friday, but the prospects for passing legislation are still uncertain. Andrew Cuomo and Chris Christie vetoed an overhaul passed unanimously in both legislatures, Senate Republican Leader Tom Kean Jr. is introducing a new bill aimed at reforming the...

  • Miss America Organization president is stepping down Friday, 27 Feb 2015 | 2:26 PM ET

    ATLANTIC CITY, N.J.— The president of the Miss America Organization is stepping down after nearly two years at the helm. Pearce told The Associated Press that she wants to spend more time with her family. She helped lead the pageant during its return to Atlantic City in 2013 after a brief stint in Las Vegas.

  • NEWARK, N.J.— Police at Newark Liberty International Airport are being credited with reviving an elderly man who was suffering from heart problems. The Port Authority of New York and New Jersey says four of its officers and two supervisors combined to help the 74- year-old Magnolia, Texas man on Thursday. The man then began breathing on his own and was conscious...

  • South Jersey Industries posts 4Q profit Friday, 27 Feb 2015 | 1:46 PM ET

    FOLSOM, N.J. _ South Jersey Industries Inc. on Friday reported fourth-quarter earnings of $43.9 million. The Folsom, New Jersey- based company said it had profit of $1.30 per share. South Jersey Industries shares have declined almost 4 percent since the beginning of the year.

  • Adults, as well as children of any age, will be enrolled in the study if they are admitted to Ebola treatment units in Liberia or are health care workers returning to the U.S. for treatment after being infected while serving in West Africa. That has happened to only two people— the nurses who treated patient Thomas Eric Duncan, who had traveled from Africa and died at a...

  • MIAMI— As Florida lawmakers appear ready to allow key portions of the state's high-stakes gambling deal with the Seminole to expire, other gambling interests are watching keenly for openings in the multi-billion dollar industry if the tribe and Gov. The tribe owns six casinos in Florida, including the highly profitable Hard Rock Casinos in South Florida and...

  • PTC Therapeutics reports 4Q loss Friday, 27 Feb 2015 | 10:39 AM ET

    SOUTH PLAINFIELD, N.J. _ PTC Therapeutics Inc. on Friday reported a loss of $27.3 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 83 cents per share. PTC Therapeutics shares have climbed 45 percent since the beginning of the year.

  • Insmed reports 4Q loss Friday, 27 Feb 2015 | 8:31 AM ET

    BRIDGEWATER, N.J. _ Insmed Inc. on Friday reported a loss of $17.6 million in its fourth quarter. The average estimate of analysts surveyed by Zacks Investment Research was for a loss of 57 cents per share. Insmed shares have increased 17 percent since the beginning of the year.

  • NRG misses 4Q profit forecasts Friday, 27 Feb 2015 | 7:49 AM ET

    PRINCETON, N.J. _ NRG Energy Inc. on Friday reported fourth-quarter net income of $119 million, after reporting a loss in the same period a year earlier. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 93 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • The Voya Corporate Leaders Trust Fund, now run by a unit of Voya Financial Inc bought equal amounts of stock in 30 major U.S. corporations in 1935 and hasn't picked a new stock since. Some of its holdings are unchanged, including DuPont, General Electric, Procter& Gamble and Union Pacific. Others were spun off from or acquired from original components, including...

  • TRENTON, N.J.— Drugmaker Bristol-Myers Squibb Co. said Thursday that an experimental combination of two hepatitis C drugs— its daclatasvir and Gilead Sciences Inc.' s blockbuster drug Sovaldi— cured hepatitis C in just 12 weeks in nearly all the patients, who also are infected with the HIV virus. David Wyles, an associate professor at University of...

  • Tumi meets 4Q profit forecasts Thursday, 26 Feb 2015 | 6:30 PM ET

    SOUTH PLAINFIELD, N.J. _ Tumi Holdings Inc. on Thursday reported fourth-quarter net income of $23.7 million. The average estimate of analysts surveyed by Zacks Investment Research was also for earnings of 35 cents per share. Tumi shares have decreased nearly 4 percent since the beginning of the year.

  • Universal Display posts 4Q profit Thursday, 26 Feb 2015 | 4:39 PM ET

    EWING, N.J. _ Universal Display Corp. on Thursday reported fourth-quarter net income of $13.1 million. Universal Display shares have climbed 32 percent since the beginning of the year. Keywords: Universal Display Corp., Earnings Report.

  • Power plant seeks to block Revel sale, liquidate property Thursday, 26 Feb 2015 | 12:57 PM ET

    ACR Energy Partners wants a bankruptcy court judge to cancel the latest proposed sale to a Florida developer, and appoint a trustee to liquidate the property instead. The company says the latest sale contract to Florida developer Glenn Straub would leave nothing for most creditors, and would cost the power supplier $32 million. Straub's Polo North Country...

  • WASHINGTON— Attempts to quarantine health workers returning from Ebola-stricken West Africa were a mistake, the president's bioethics advisers said Thursday. The panel examined the U.S. response to the Ebola outbreak that devastated Liberia, Sierra Leona and Guinea over the past year. "Make sure we learn from history," said University of Pennsylvania...

  • TRENTON, N.J.— New Jersey drivers bracing for an increase in the state's gas tax might have gotten a reprieve until 2016.. Chris Christie says the state's transportation trust fund has enough cash to run through June 2016, not June 2015 as many lawmakers and outside interest groups have been saying. State Treasurer Andrew Sidamon-Eristoff explained the date...

  • WASHINGTON, Feb 26- Top U.S. Navy and Marine Corps officials on Thursday told U.S. lawmakers that training and weapons programs would probably be hit hardest if Congress fails to remove budget caps known as "sequestration" that are due to resume in fiscal 2016.. General Joseph Dunford, commandant of the Marine Corps, said the result would be that his military branch...