N.J. Gov. Chris Christie's "Bridgegate" is threatening a deal that would allow developer Larry Silverstein to finish the new World Trade Center tower.» Read More
WHITEHOUSE STATION, N.J.— Merck& Co. says the Food and Drug Administration has approved its new tablet for grass allergies, Grastek, for patients five to 65 years old. Merck, based in Whitehouse Station, N.J., will market the tablet in North America. Its partner, ALK-Abello, sells it in Europe as Grazas.
A turnaround in Johnson& Johnson's prescription medicine business fueled by new drugs, combined with reduced production and administration expenses, lifted first-quarter profit by 8 percent. The maker of Band-Aids and biologic drugs said net income was $4.73 billion, or $1.64 per share, up from $3.5 billion, or $1.22 per share, a year earlier.
LOWER ALLOWAYS CREEK, N.J.— Two of the three nuclear reactors at a southern New Jersey complex are offline. One was taken down Sunday night because of a problem. The other is down for a regularly scheduled refueling.
NEW YORK, April 13- The wrenching selloff in U.S. high-growth technology and biotech shares could leave investors braced for more than a minor pullback when earnings pick up speed this week.
Chris Christie and other defendants will get more time to file their responses to two lawsuits related to the September lane closures at the George Washington Bridge that are central to a traffic jam scandal threatening the Republican governor's political ambitions.
"There's skepticism among investors about the outlook, and we're getting into the first-quarter earnings season, so you're going to see some positioning," said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wisconsin.
April 11- Vornado Realty Trust, the owner of office buildings and retail properties chiefly in New York and Washington, said it would spin off its shopping center business into a publicly traded real estate investment trust. The company also named Jeffrey Olson, currently chief executive of Equity One Inc, as CEO of the to be separated business.
Of the three, eatery chain Zoe's Kitchen had the largest gain. Shares of pasta chain Noodles& Co. are up 97 percent since the stock started trading at $18 in June. Zoe's Kitchen raised $87.5 million after pricing more than 5.8 million shares at $15 per share, at the middle of its expected range between $13 per share and $15 per share.
*Appeals court says case did not belong in New Jersey. *Diane Sawyer, Michael Bloomberg, Rahm Emanuel were victims. The 3rd U.S. Circuit Court of Appeals said the prosecution of Andrew Auernheimer did not belong in New Jersey, hundreds of miles from his alleged crimes, and as a result, his November 2012 conviction and 41- month prison sentence could not stand.
Andrew Auernheimer, who was living in Arkansas at the time, should not have been indicted in New Jersey, the 3rd U.S. Circuit Court of Appeals found.
LOS ANGELES— Comedian and writer Carol Leifer has something serious to say in her new book, "How to Succeed in Business Without Really Crying." Third, it's more fun to read a how-to guide with anecdotes about Jerry Seinfeld, Bryan Cranston and Frank Sinatra than one without them.
April 10- Phibro Animal Health Corp's initial public offering was priced at $15 per share, an underwriter said, below its expected price range of $16- $18 per share. Backed by UK private equity firm 3 i Group Plc, Teaneck, New Jersey- based Phibro is selling 7.352 million shares in the offering.
WASHINGTON, April 10- More than 7.5 million people are expected to sign up for private health coverage this year under President Barack Obama's healthcare law, the top U.S. health official said on Thursday.
April 9- Kristin Dolan, a Cablevision executive who is also married to Chief Executive Officer James Dolan, will become chief operating officer, the cable TV provider said on Wednesday. Cablevision has not had a chief operating officer since Tom Rutledge left in 2011. He later became chief executive of Charter Communications.
*Alcoa's results help boost sentiment, shares rise 3.8 percent. Stocks on Wall Street jumped, with the Nasdaq rising more than 1 percent, and prices for U.S. government debt fell.
*Alcoa's results boost sentiment, shares rise 3.5 percent. U.S. stocks rose for a second session, buoyed after Alcoa late Tuesday reported quarterly results that topped analysts' expectations, even though the company's adjusted profit fell due to declining aluminum prices.
*Alcoa's better-than-expected results boost investor sentiment. NEW YORK, April 9- U.S. and European equity markets rose on Wednesday after Alcoa's better-than-expected results boosted investor sentiment on first-quarter corporate earnings, while the dollar gained on hopes for higher U.S. economic growth after a bitter winter.
NEW YORK, April 9- U.S. stocks edged higher on Wednesday, putting the S&P 500 on track for a second straight advance, in the wake of earnings from Alcoa and ahead of the minutes from the last Federal Reserve meeting.
*U.S. to sell $21 billion in 10- year note supply. *Fed to buy $900 million to $1.15 billion in long-dated bonds. NEW YORK, April 9- U.S.
April 9- IP Group Plc. *Announces that it has signed an IP commercialisation agreement with Princeton University. *Collaboration, which has an initial pilot phase of 18 months, will focus on developing early-stage, proof of principle opportunities based on intellectual property developed at Princeton.