Gordon Coburn, Cognizant Technology Solutions president, discusses his company's plan to expand hiring and move its corporate headquarter from New Jersey to the Lone Star State.» Read More
CNBC's Scott Cohn reports on major budget cuts for police officers in Trenton, NJ including 105 layoffs in the state's capital plagued with a drug and violence epidemic.
WASHINGTON-- Specialty drugmaker Celgene Corp. said Friday a panel of European Union medical experts issued a positive review of its drug Abraxane for patients with late-stage pancreatic cancer. The U.S. Food and Drug Administration approved Celgene's drug for late-stage pancreatic cancer in September.
Trenton laid off a third of its police force two years ago, and state and county police have been picking up the slack. CNBC's Scott Cohn reports the city saw a new record number of murders at 33.
*Time Warner Cable up as Charter nears bank deal for bid. NEW YORK, Nov 22- U.S. stocks were set to tick up at the open on Friday after the Dow industrials closed above 16,000 for the first time, amid a dearth of data and ahead of a holiday-shortened week in the United States.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
Nov 21- New Jersey will launch a five-day "soft" trial of 13 online gambling sites Thursday, ahead of the official November 26 debut of Internet gaming in the most populous state to date. New Jersey follows Nevada and Delaware in permitting online poker, and will also allow residents to play other casino games online, as well.
NEW YORK, Nov 21- The U.S. corporate tax rate should be lowered to encourage competitiveness with rivals around the globe, the chief executive of conglomerate Honeywell said on Thursday, days after a U.S. senator proposed sweeping changes to the tax code.
Nov 21- A former Needham& Co chief financial officer pleaded guilty to conspiring to steal $1 million from the firm in a false invoicing scheme, in which he used some of the money to pay for vacations, wine and a dog fence, prosecutors said.
The Philadelphia Fed said that factory activity in the Mid-Atlantic region hit a six-month low in November, while remaining positive.
New Jersey is rolling out internet gambling today with a 5-day trial. Mitch Garber, Caesars Acquisition president & CEO, offers insight on the trial and projected growth in the U.S. He thinks the U.S. will see one state bet on online gambling one by one.
NEW YORK, Nov 21- Factory activity in the U.S. mid-Atlantic region slowed in November, dropping to its lowest since May, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index dropped to 6.5 in the latest month, from 19.8 in October.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
WASHINGTON, Nov 20- A bipartisan group of U.S. House and Senate members is seeking to make it easier for investment fraud victims to seek compensation, after investors in Allen Stanford's Ponzi scheme were deemed ineligible under current law to file claims.
ENGLEWOOD CLIFFS, N.J., Nov 20- Across the Hudson River from New York City and atop the steep cliffs of the New Jersey Palisades, LG Electronics Inc has drawn the ire of environmentalists, and a Rockefeller, over its new North America headquarters.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
*Best Buy, Campbell Soup shares plunge after cautious outlook. Cautious forecasts from Best Buy and Campbell Soup Co gave investors a reason to sell some stocks. Best Buy shares slid 11 percent to close at $38.78, while Campbell Soup fell 6.2 percent to $39.21.
*Home Depot shares rise as housing recovery boosts results. Best Buy swings to a profit, but stock drops on margin concerns. NEW YORK, Nov 19- U.S. stocks edged lower after the Dow briefly broke above a key level for a second day and shares of Best Buy dropped on worries about its margins.
*Home Depot shares rise as housing recovery boosts results. NEW YORK, Nov 19- The Dow Jones industrial average climbed above 16,000 for a second day, bolstered by a rally in Home Depot shares after stronger-than-expected earnings. At midday, Home Depot was up 1.7 percent at $81, supporting the Dow and the S&P 500..
*Home Depot shares rise as housing recovery boosts results. *Best Buy swings to a profit, margin concerns pressure shares. "We've had a tremendous run on a year-to-date basis, a pause here would make sense," said Eric Wiegand, senior portfolio manager at the Private Client Reserve of U.S. Bank in New York.