Nikkei Rebounds 3% After Thursday's Rout
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Thirteen of the restaurants cited in "Operation Swill" are TGI Fridays in central and northern New Jersey, state officials say.
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NEW YORK May 16- Brent June crude oil futures expired slightly higher on Thursday, buoyed by a weaker dollar even as a bevy of slack U.S. economic data capped gains in the stock market. "If we have to pick a driver for today, it's that the dollar's under pressure," said Gene McGillian, analyst at Tradition Energy in Stamford, Connecticut.
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*Gold falls for sixth sessions, first time in four years. NEW YORK, May 16- Most commodity markets slipped on Thursday, after a slew of U.S. economic readings pointed to pockets of weakness that investors feared could slow demand, and gold eased as investors rotated into equity markets, which have outperformed the precious metal this year.
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MADISON, N.J.-- Health insurer Humana is selling a toxicology and clinical lab business, a division of its Concentra health care provider, to Quest Diagnostics Inc.. The Madison, N.J., company's first-quarter net income fell 15 percent as people cut back on medical spending and more Medicare reimbursements cut into revenue.
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WASHINGTON, May 16- The U.S. economy showed fresh signs of slower growth in the second quarter, with factory activity slipping in the mid-Atlantic region while groundbreaking declined at home construction sites. We are seeing a soft start for growth in the second quarter, "said Sam Bullard, an economist at Wells Fargo in Charlotte, North Carolina.
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NEW YORK/ LONDON, May 16- Brent crude oil futures rose on Thursday on dollar declines, but gains were capped by a stall in the U.S. equity market as a jump in U.S. jobless claims stoked investor worry about an economic recovery.
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TRENTON, N.J.-- The Coast Guard has approved plans for a $1.3 billion project to raise the roadway of the Bayonne Bridge. The Coast Guard completed its environmental review of the project on May 3, and officials say the permit for the work could be issued next week.
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NEW YORK, May 16- Factory activity in the U.S. mid-Atlantic region contracted in May as new orders fell and its employment index hit a more than three-year low, the latest figures to suggest growth in the second quarter is cooling, a survey showed on Thursday.
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New Jersey's property tax bills have been rising more slowly since Chris Christie became governor, but that does not mean slow growth for what many homeowners actually have to pay, according to new data released by the state.
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NEW YORK, May 16- Factory activity in the U.S. mid-Atlantic region contracted in May as new orders fell to their lowest level in almost a year, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index dropped to minus 5.2 from 1.3 in April, worse than economists' expectations for a slight gain to 2.4.
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WASHINGTON-- Federal weather forecasts for Superstorm Sandy were exceptionally accurate last fall, but the warnings themselves were confusing, an internal review found. The gigantic October storm lost tropical characteristics hours before landfall in New Jersey, so the National Oceanic and Atmospheric Administration stopped calling it a hurricane.
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The Parsippany, N.J., company's stock had already climbed about 16 percent since last Friday, when Actavis and Irish drugmaker Warner Chilcott PLC said that they were in early talks about a possible combination but had reached no agreement yet. Actavis shares rose 62 cents to $124.50 in premarket trading about 40 minutes ahead of Thursday's market opening.
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PARK RIDGE, N.J.-- Rental car company Hertz Global Holdings Inc. said Wednesday that a Facebook marketing executive and a former executive with alcohol maker Diageo have been elected to its board. The company said Everson's experience with social media and digital platforms was valuable as Hertz builds its online services.
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NEWARK, N.J.-- In early 2012, the three men were making an attractive offer: the opportunity to purchase Facebook Inc. stock just as the company was expected to go public. Federal prosecutors charged Aaron Muschel, 63, of Brooklyn; and Alex Schleider, 47, and Eliyahu Weinstein, 37, both of Lakewood, N.J., with wire fraud conspiracy.
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PARSIPPANY, N.J.-- Pinnacle Foods Inc., which went public in March, said Wednesday that its first-quarter net income more than doubled. The maker of Birds Eye frozen foods, Duncan Hines frosting and cake mixes and Vlasic pickles earned $24.8 million, or 29 cents per share, up from $9.5 million, or 11 cents per share, in the same quarter of 2012..
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NEW YORK-- Janney Capital Markets downgraded Wyndham on Wednesday, though it's not because of anything the hotel and resorts chain is doing wrong. A spokeswoman for Wyndham didn't immediately return an email seeking comment. Shares of Wyndham Worldwide Corp., based in Parsippany, N.J., ended the day down 28 cents, to$ $63.83 Tuesday.
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PARSIPPANY, N.J.-- Pinnacle Foods Inc. said Tuesday that it will begin paying a regular quarterly dividend. The company will pay a dividend of 18 cents on July 10 to shareholders of record on June 20. Shares of Pinnacle Foods rose 21 cents to $24.04.
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NEW YORK-- Moody's Investors Service on Tuesday lowered the long-term debt ratings of drug maker Merck& Co.. Moody's Senior Vice President Michael Levesque said Tuesday that the company's credit ratios will steadily weaken but remain solid as it completes the buyback program.
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PARSIPPANY, N.J.-- Curtiss-Wright Corp., an engineering firm based in Parsippany, N.J., said Tuesday that it is increasing its quarterly dividend by 11 percent. The company's new dividend of 10 cents per share is payable July 12 to shareholders of record as of June 28.
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NEW YORK, May 14- The yen and the euro both fell against the dollar on Tuesday for a fourth straight session, with the yen hitting its lowest level against the dollar in 4-1/ 2 years, on signs that the U.S. economy is improving.
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NEW YORK-- The Department of Justice said that medical device maker CR Bard Inc. will pay nearly $51 million to resolve allegations that it paid kickbacks to customers and physicians to convince them to use its radiation therapy seeds.