New Jersey


  • NEW YORK, Sept 16- U.S. stocks were rising on Tuesday with markets reacting to wavering expectations over the language the Federal Reserve will use Wednesday to describe its future interest rate policy.

  • Mall mashup: Washington Prime to buy Glimcher Tuesday, 16 Sep 2014 | 10:12 AM ET

    NEW YORK— Washington Prime Group Inc., which spun off from mall operator Simon Property Group earlier this year, said Tuesday that it is buying rival Glimcher Realty Trust. Washington Prime that it will pay $14.20 in cash and stock for each share of Glimcher, a 34 percent premium from its closing price of $10.59 Monday.

  • New Jersey loses 4th casino as Trump Plaza closes Tuesday, 16 Sep 2014 | 1:39 AM ET

    The 30- year-old casino at the heart of the Boardwalk shut its doors at 6 a.m. Tuesday, becoming the fourth Atlantic City casino to close this year. Beset by crushing debt, fleeing customers and run-down facilities, Trump Plaza had been the town's worst-performing casino for years.

  • Sept 15- Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.

  • Sept 15- Massachusetts' highest court on Monday threw out a lawsuit seeking to block Tesla Motors Inc from selling its luxury electric cars directly to consumers in the state, enabling it to bypass traditional dealerships.

  • Judge OKs auction for closed $2.4B Revel casino Monday, 15 Sep 2014 | 3:37 PM ET

    CAMDEN, N.J.— A bankruptcy court judge on Monday approved a Sept. 24 auction for the failed $2.4 billion Revel Casino Hotel in Atlantic City after a Florida developer offered $90 million cash for the closed building. Judge Gloria M. Burns approved the auction date along with a $3 million breakup fee that Straub would be paid if the sale to him doesn't go through.

  • Sept 15- The bankrupt Revel casino hotel in Atlantic City will go to auction on Sept. 24, a judge ruled on Monday, after the only bidder clashed with creditors who wanted to slow the rushed sale.

  • NEW YORK, Sept 15- U.S. "There was a lot of anxiety last week about the Fed... and that had pushed yields up but at this point the market may have adequately priced in all that," said Robert Tipp, chief investment strategist at Prudential Fixed Income in Newark, New Jersey.

  • FreshPet files for IPO valued at up to $100M Monday, 15 Sep 2014 | 1:49 PM ET

    NEW YORK— Pet food maker FreshPet on Monday filed for an initial public offering valued at up to $100 million. FreshPet's fridges are located in about 12,600 retail stores, including Wal-Mart, PetCo, PetSmart, Target, and Kroger. The Secaucus, New Jersey, company reported $39.7 million in revenue in the first half of 2014 and recorded a loss of $5.6 million.

  • NEW YORK, Sept 15- Brent crude fell below $97 per barrel on Monday to its lowest in more than two years as lackluster economic data from China damped prospects for oil demand at a time of abundant supply, while expectations the Federal Reserve will provide new details this week about its plans to raise interest rates lifted the dollar.

  • 'Queen Latifah' promises a 'juicy' second season Monday, 15 Sep 2014 | 10:59 AM ET

    LOS ANGELES— Queen Latifah is making changes in her daytime talk show for its second season. Her first year with "The Queen Latifah Show," which returns this week in syndication, provided a lesson in what worked and what didn't. Reese Witherspoon, Toni Braxton, Goldie Hawn, Kristen Bell and Snoop Dogg are among those appearing in week one.

  • Brent crude oil fell to its lowest in more than two years, below $97 per barrel, weighed by a strong U.S. dollar and data showing China's factory output grew at the weakest pace in nearly six years in August.

  • Riders briefly stuck during amusement park outage Monday, 15 Sep 2014 | 8:05 AM ET

    JACKSON TOWNSHIP, N.J.— A power outage at a New Jersey amusement park left some patrons briefly stuck on rides, but no injuries were reported. Officials say a faulty transformer caused Sunday's outage at Six Flags Great Adventure in Jackson Township.

  • Cognizant buying TriZetto for $2.7 billion Monday, 15 Sep 2014 | 6:40 AM ET

    TEANECK, N.J.— Cognizant will buy the health care software company TriZetto for $2.7 billion in cash. Privately held TriZetto Corp. is based in Englewood, Colorado. Shares of Cognizant Technology Solutions Corp. rose $1.33, or 3 percent, to $46.09 in premarket trading.

  • Pelosi, Christie attend re-entry center ceremony Monday, 15 Sep 2014 | 5:32 AM ET

    JERSEY CITY, N.J.— A who's who of current and former New Jersey elected officials along with House Minority Leader Nancy Pelosi officially opened a new prisoner re-entry center on Monday. Chris Christies and former Govs.

  • US wealth gap putting the squeeze on state revenue Monday, 15 Sep 2014 | 12:01 AM ET

    WASHINGTON— Income inequality is taking a toll on state governments. "Rising income inequality is not just a social issue," said Gabriel Petek, the S&P credit analyst who wrote the report. Stagnant pay for most people has compounded the pressure on states to preserve funding for education, highways and social programs such as Medicaid.

  • Report: Wealth gap could threaten Indiana revenues Monday, 15 Sep 2014 | 12:01 AM ET

    INDIANAPOLIS— Rising income inequality in the U.S. appears to be slowing tax revenue growth in Indiana and other states, according to a new report by the credit rating agency Standard& Poor's.

  • Hurdles for Obama health law in 2nd sign-up season Sunday, 14 Sep 2014 | 7:35 AM ET

    WASHINGTON— Potential complications await consumers as President Barack Obama's health care law approaches its second open enrollment season, just two months away. Don't expect a repeat of last year's website meltdown, but the new sign-up period could expose underlying problems with the law itself that are less easily fixed than a computer system.

  • Trustee objects to parts of proposed Revel deal Saturday, 13 Sep 2014 | 12:05 PM ET

    ATLANTIC CITY, N.J.— The proposed auction date for the Revel Casino Hotel is too soon and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site is inappropriate, a U.S. Bankruptcy Court trustee said.

  • NEW YORK, Sept 12- The recent wobbly stretch in both stocks and bonds may persist for the short term if the U.S. "If investors feel the Fed is becoming more hawkish, that's actually a negative for all asset classes with the exception of the dollar," said Chris Gaffney, senior market strategist at EverBank Wealth Management in St. Louis, Missouri.