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  • Revel fights city's collection of back taxes Tuesday, 25 Nov 2014 | 11:28 AM ET

    ATLANTIC CITY, N.J.— The former Revel Casino Hotel is trying to block Atlantic City from collecting $32 million in unpaid property taxes. The owners of the former Atlantic City casino, which closed on Sept. 2, filed an appeal Monday of a bankruptcy court order letting Atlantic City hold a tax sale of the unpaid debt. Complicating things is the fact that a deal to sell...

  • New Jersey Resources posts 4Q loss Tuesday, 25 Nov 2014 | 7:31 AM ET

    WALL, N.J. _ New Jersey Resources Corp. on Tuesday reported a loss of $24.4 million in its fiscal fourth quarter. On a per-share basis, the Wall, New Jersey- based company said it had a loss of 58 cents. New Jersey Resources shares have increased 24 percent since the beginning of the year.

  • Campbell tops Street 1Q forecasts Tuesday, 25 Nov 2014 | 7:27 AM ET

    CAMDEN, N.J.— CAMDEN, N.J.— Campbell Soup Co. on Tuesday reported fiscal first-quarter earnings of $234 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 73 cents per share. Analysts expected $2.22 billion, according to Zacks.

  • Movado misses 3Q profit forecasts Tuesday, 25 Nov 2014 | 7:24 AM ET

    PARAMUS, N.J. _ Movado Group Inc. on Tuesday reported profit of $22.2 million in its fiscal third quarter. For the current quarter ending in January, Movado expects its per-share earnings to range from 18 cents to 23 cents. Movado expects full-year earnings in the range of $1.80 to $1.85 per share, with revenue ranging from $585 million to $590 million.

  • Storm may snarl trip for Thanksgiving travelers Tuesday, 25 Nov 2014 | 1:01 AM ET

    MINEOLA, N.Y.— Thanksgiving travelers scrambled to change their plans and beat a storm expected to bring snow, slush and rain to the crowded Washington- to- Boston corridor Wednesday on one of the busiest, most stressful days of the year. Forecasters said major Northeast cities will probably see moderate to heavy rain most of the day, though New York and other places...

  • Bayer: FDA will speed review of 2 respiratory meds Monday, 24 Nov 2014 | 5:51 PM ET

    WHIPPANY, N.J.— Two medicines Bayer HealthCare Pharmaceuticals Inc. is testing for respiratory disorders will get priority review by U.S. regulators and other benefits under a 2012 program to boost development of new antibiotics. Bayer HealthCare, based in Whippany, New Jersey, said Monday the Food and Drug Administration has designated two of its...

  • Atlantic City casino profits up in 3rd quarter Monday, 24 Nov 2014 | 3:26 PM ET

    ATLANTIC CITY, New Jersey— Atlantic City's casino industry saw its operating profits rise in the third quarter of this year, helped by Internet gambling money and the absence of large losses racked up last year by weaker casinos. The eight casinos currently operating in Atlantic City posted a gross operating profit of $152.3 million in the third quarter, an...

  • GOP wisdom shifts on immigration Monday, 24 Nov 2014 | 2:05 PM ET

    Less than two years ago, party leaders solemnly declared after an exhaustive study that the GOP "must embrace and champion comprehensive immigration reform." Scott Walker, who is considering a 2016 White House bid, said alongside nodding colleagues at the Republican Governors Association annual conference in Florida. Having claimed the Senate majority in...

  • Merck, Iowa firm sign Ebola vaccine licensing deal Monday, 24 Nov 2014 | 1:28 PM ET

    TRENTON, N.J.— Merck& Co., a top creator and seller of vaccines, has joined the fight against Ebola, the often-fatal hemorrhagic virus that's been ravaging parts of West Africa for months. The exclusive deal involves rVSV-EBOV, a vaccine candidate under early development by BioProtection Systems, the vaccine-development subsidiary of NewLink Genetics Corp. of...

  • Offshore wind turbines more likely as auction set Monday, 24 Nov 2014 | 1:03 PM ET

    BOSTON— Massachusetts is one step closer to seeing its coastline waters dotted with wind turbines as federal officials announced Monday that an auction date has been set for wind energy leases to develop more than 742,000 acres off the coast. Deval Patrick said his administration has worked with federal, state, tribal, industry and community representatives...

  • FDA strengthens warning on device linked to cancer Monday, 24 Nov 2014 | 11:34 AM ET

    The Food and Drug Administration updated its April safety warning, saying doctors should not use the devices, called laparoscopic power morcellators, for performing a hysterectomy or removing uterine fibroids "in the vast majority of women." Maisel said the FDA is recommending that makers of laparoscopic power morcellators immediately include in the...

  • Tribe becomes 1st to launch online gambling in NJ Monday, 24 Nov 2014 | 10:30 AM ET

    ATLANTIC CITY, N.J.— California's Pala Indians have launched their Internet gambling site in New Jersey following a test period last week, becoming the first tribe to do so in the state. The Pala Band of Mission Indians received permission late Friday from New Jersey gambling regulators for a full launch of the website in a partnership with Atlantic City's...

  • COLUMN-Oil in Arcadia: John Kemp Monday, 24 Nov 2014 | 9:05 AM ET

    Some of that crude came from states such as North Dakota, Texas and Alaska, and the rest from foreign suppliers like Canada, Saudi Arabia, Venezuela and Nigeria. On Saturday, the New York Times published a carefully researched essay chronicling "The Downside of the Boom" about how " North Dakota took on the oversight of a multi-billion dollar oil industry with a...

  • Health care M&A leads global deal surge Sunday, 23 Nov 2014 | 9:01 AM ET

    "Health care has been a sleepy niche of M&A until recently, but the giant has been awakened," says Ken Menges, a senior partner handling M&A at law firm Akin Gump in New York. To a large extent, the deals are being driven by "cost pressure on the entire health care system," as insurers and government health plans increasingly hold down or even reduce reimbursements to drug,...

  • New Jersey's licensed Internet gambling sites Saturday, 22 Nov 2014 | 4:16 PM ET

    A list of New Jersey's licensed Internet gambling sites:. Caesars Interactive Entertainment-Bally's Atlantic City:. Caesars Interactive Entertainment-Caesars Atlantic City:.

  • Taj Mahal offers to restore workers' health care Saturday, 22 Nov 2014 | 2:38 PM ET

    ATLANTIC CITY, N.J.— The Trump Taj Mahal casino is offering to restore health insurance to its workers as part of a last-ditch effort to keep the struggling Atlantic City casino open. Trump Entertainment Resorts said Saturday it has offered to restore health insurance to its 3,000 workers for at least two years if the union will drop its appeal of a court order...

  • New Jersey again rejects offshore windmill plan Friday, 21 Nov 2014 | 3:16 PM ET

    ATLANTIC CITY, N.J.— New Jersey energy regulators on Friday rejected for the third time a proposed windmill power project off the coast of Atlantic City. The board twice before had rejected the proposal to put five windmills about three miles off the coast of Atlantic City. The U.S. Department of Energy promised up to $47 million for the project in May to the...

  • NYC man gets prison for role in cybercrime ring Friday, 21 Nov 2014 | 1:04 PM ET

    TRENTON, N.J.— A New York City man was sentenced Friday to more than three years in prison for his role in an international cybercrime ring that prosecutors say hacked into the computers of more than a dozen financial institutions and the U.S. military's payroll service. Richard Gundersen received a 41- month prison term and was ordered to pay $88 million in...

  • Desaulniers named AP's New England media director Friday, 21 Nov 2014 | 1:01 PM ET

    BOSTON— Dwayne Desaulniers, a former business and technology director for The Associated Press, has been named the news cooperative's director of local media for New England. "Dwayne brings a great mix of news, technology and entrepreneurial experience to our New England market, as well as an in-depth understanding of AP services and our mission to inform the...

  • US--APNewsAlert, US Friday, 21 Nov 2014 | 12:00 PM ET

    TRENTON, N.J.— US judge nixes plan to allow sports betting at New Jersey casinos, tracks; appeal expected.