New Jersey


  • NEW YORK, Sept 11- Two Mexican companies have sued Yahoo Inc and law firm Baker& McKenzie in New York federal court, accusing them of engineering a conspiracy to avoid a $2.7 billion judgment issued by a Mexican court in 2012..

  • US STOCKS-S&P 500 rebounds with energy shares; Dow dips Thursday, 11 Sep 2014 | 4:49 PM ET

    NEW YORK, Sept 11- U.S. stocks recovered from early losses on Thursday, with the S&P 500 managing a slight gain as energy prices and oil stocks turned higher and financials lent support.

  • NEW YORK/ WASHINGTON, Sept 11- Wilmington Trust Co, now part of M&T Bank Corp, will pay $18.5 million to settle charges that it underreported the amount of construction loans that were not being repaid after the financial crisis, the U.S. Securities and Exchange Commission said on Thursday.

  • NEW YORK, Sept 11- U.S. specialty drugmaker Akorn Inc is exploring a bid for Belgian drugmaker UCB SA's U.S. subsidiary, a deal that would allow the company to move its tax domicile overseas in a practice known as inversion, according to people familiar with the matter.

  • WASHINGTON, Sept 11- The number of Americans filing new claims for unemployment benefits unexpectedly rose last week, but that probably does not signal a material shift in labor market conditions as claims remain near their pre-recession levels.

  • NJ Transit expands mobile tickets to south Jersey Thursday, 11 Sep 2014 | 6:01 AM ET

    The agency has expanded its My Tix application to 59 bus routes in the south Jersey and Philadelphia area. Customers must download the free My Tix application at the App Store for iOS phones and the Google Play Store for Android devices. My Tix is available on all NJ Transit rail lines.

  • FEMA wants at least $5.8M in Sandy aid repaid Thursday, 11 Sep 2014 | 2:00 AM ET

    The Federal Emergency Management Agency is scrutinizing about 4,500 households that it suspects received improper payments after the storm, according to program officials and data obtained by The Associated Press through a public records request. As of early September, FEMA had asked around 850 of those aid recipients to return a collective $5.8 million.

  • WASHINGTON, Sept 11- U.S. foreclosure activity jumped in August for the second consecutive month as banks started the process on more properties and scheduled more housing auctions, industry firm RealtyTrac said on Thursday.

  • WASHINGTON, Sept 10- U.S. Navy Secretary Ray Mabus said more women should be serving in the Navy and Marine Corps, and plans to take action to boost their presence in those military branches.

  • ATLANTIC CITY, N.J., Sept 10- MGM Resorts International won regulatory permission on Wednesday to re-enter the Atlantic City casino market after a 20- month investigation focusing on the company's ties to Pansy Ho, the richest woman in Hong Kong, who New Jersey gaming regulators considered an unsuitable partner.

  • Sept 10- Atlantic City's Revel casino-hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, a fraction of the billions of dollars it cost to build.

  • Revel says it has $90M offer to buy closed casino Wednesday, 10 Sep 2014 | 6:49 PM ET

    ATLANTIC CITY, New Jersey— A Florida developer has offered $90 million for the Revel Casino Hotel that shut down last week, lawyers for the resort said Wednesday in court documents. The casino said in the bankruptcy court filing that Glenn Straub's Polo North Country Club, Inc., made the cash bid for the $2.4 billion resort.

  • Sept 10- Atlantic City's Casino Hotel, which closed earlier this month after filing for bankruptcy, reached a deal to sell itself to a Florida developer for $90 million in cash, according to court documents on Wednesday.

  • New Jersey lets MGM keep half of Borgata casino Wednesday, 10 Sep 2014 | 5:56 PM ET

    ATLANTIC CITY, New Jersey— New Jersey casino regulators on Wednesday let MGM Resorts back into the Atlantic City casino market. MGM decided in 2010 to sell its stake and leave New Jersey rather than cut ties to an Asian business partner in Macau, but a buyer was never found.

  • Correction: Hertz-CEO story Wednesday, 10 Sep 2014 | 3:59 PM ET

    NEW YORK— In a story Sept. 8 about the resignation of Hertz Chairman and CEO Mark Frissora, The Associated Press reported erroneously the year Frissora became CEO. NEW YORK— Hertz Chairman and CEO Mark Frissora has stepped down from his posts for personal reasons.

  • PATH fares to increase on Oct. 1 Wednesday, 10 Sep 2014 | 6:29 AM ET

    JERSEY CITY, N.J.— It's going to cost more to ride PATH trains between New Jersey and New York. Single-ride tickets will increase by 25 cents to $2.75 beginning Oct. 1. The projects include extending PATH to Newark Liberty airport, replacing the Harrison PATH station and renovating the Grove Street station.

  • Trump Entertainment gets interim operating cash Wednesday, 10 Sep 2014 | 6:16 AM ET

    WILMINGTON, Del.— A Delaware bankruptcy judge on Wednesday agreed to allow Trump Entertainment Resorts to temporarily continue operations using cash owed to billionaire Carl Icahn, the company's sole secured lender.

  • Business Highlights Tuesday, 9 Sep 2014 | 5:46 PM ET

    CUPERTINO, Calif.— For the first time in years, Apple's iPhones weren't the star of the show. The move is significant because of recent questions about whether Apple still has a knack for innovating following the 2011 death of co-founder Steve Jobs. NEW YORK— In the world of currencies, the dollar is starting to look like a safe home in a tough neighborhood.

  • *Trump Entertainment Resorts files for Chapter 11. Sept 9- Trump Entertainment Resorts Inc, which runs two casinos in Atlantic City, filed for bankruptcy protection for a third time, in another blow to the city's crumbling casino industry.

  • FACTBOX-Atlantic City's crumbling casinos Tuesday, 9 Sep 2014 | 12:25 PM ET

    Sept 9- Trump Entertainment Resorts Inc said it was closing its Trump Plaza Hotel and Casino this month, the fourth casino to be shut this year in the once-booming Atlantic City. Atlantic City's casino industry is losing out to new rivals in northeastern United States, with gaming revenue in the region nearly halving from its 2006 peak of $5.2 billion.