New Jersey


  • 2016 may loom, but Jeb Bush is focused on business Saturday, 20 Sep 2014 | 8:26 AM ET

    CORAL GABLES, Fla.— While other Republicans considering the 2016 presidential race are openly laying the foundations of potential campaigns, former Florida Gov.

  • Ultimate leaving New Jersey online gambling market Friday, 19 Sep 2014 | 5:06 PM ET

    ATLANTIC CITY, N.J.— New Jersey's fledgling Internet gambling market lost its first provider Friday when Ultimate Gaming accused its partner, the Trump Taj Mahal Casino Resort, of multiple contract breaches and said it is pulling out of New Jersey.

  • Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years, based on tips about a dozen transactions being negotiated by a prestigious New York law firm. The defendant also agreed to forfeit more than $1 million, the contents of two brokerage accounts, and a 2008 Audi Q7.

  • 'Middleman' in insider trading ring pleads guilty Friday, 19 Sep 2014 | 2:47 PM ET

    TRENTON, N.J.— A man authorities say was the go-between in a five-year insider trading scheme has pleaded guilty. Frank Tamayo of Brooklyn, New York pleaded guilty in Trenton to one count each of securities fraud, tender offer fraud and conspiracy.

  • *Alibaba up 33 percent in trading debut on heavy volume. NEW YORK, Sept 19- Stock markets around the world were little changed on Friday, paring early advances though equities remained on track for a week of strong gains and Alibaba rallied in its trading debut. Separately, Alibaba Group jumped 33 percent to $90.42 in its debut as one of the biggest IPOs in history.

  • NEW YORK, Sept 19- U.S. stocks were little changed mid-session on Friday after Alibaba's strong debut was offset by falling technology shares as Oracle and Yahoo stumbled.

  • Newark airport runway repairs nearing end Friday, 19 Sep 2014 | 6:02 AM ET

    NEWARK, N.J.— Repairs to a major runway at Newark Liberty International Airport could be more of an annoyance to residents of two New Jersey cities than to air travelers. The Port Authority of New York and New Jersey says the airport's other runways will be available to handle flights. But that means more planes will be flying over Jersey City and Bayonne.

  • China fines GlaxoSmithKline $492M for bribery Friday, 19 Sep 2014 | 4:22 AM ET

    BEIJING— Drug maker GlaxoSmithKline was fined $492 million on Friday for bribing doctors in China, the biggest such penalty ever imposed by a Chinese court. The court sentenced the company's former China manager, Briton Mark Reilly, and four Chinese co-defendants to prison but postponed the sentences for two to four years, suggesting they may never be served.

  • Unemployment rate rises a tick in New Jersey Thursday, 18 Sep 2014 | 1:34 PM ET

    TRENTON, N.J.— New Jersey's unemployment rate rose a tick in August to 6.6 percent as more people looked for work and the number of people with jobs dropped slightly. The state Labor Department released its preliminary monthly report Thursday. New Jersey's unemployment rate remains above the national rate of 6.1 percent.

  • US STOCKS-Dow, S&P hit record as financials climb Thursday, 18 Sep 2014 | 1:14 PM ET

    NEW YORK, Sept 18- U.S. stocks were higher in afternoon trading Thursday, with the Dow and S&P 500 hitting fresh record highs after the U.S. Goldman Sachs, up 1.6 percent to $187.84, was the top boost to the Dow.

  • How states fared on unemployment benefit claims Thursday, 18 Sep 2014 | 9:15 AM ET

    WASHINGTON— Substantially fewer people sought unemployment benefits last week, which often points to employers feeling more confident about the economy and hiring more workers.

  • Chevron meets new, voluntary shale drilling rules Thursday, 18 Sep 2014 | 8:00 AM ET

    PITTSBURGH— Chevron has become the first energy company to meet a new set of voluntary shale gas drilling standards that aim to go beyond existing state laws in Pennsylvania, Ohio and West Virginia, the Pittsburgh- based Center for Sustainable Shale announced Thursday.

  • New Jersey gets nearly $1.5B for transit repairs Thursday, 18 Sep 2014 | 6:03 AM ET

    NEWARK, N.J.— New Jersey Transit and the Port Authority are getting nearly $1.5 billion to make repairs from Superstorm Sandy and to shield themselves from future storms. The Port Authority will receive funds to, among other things, construct a sea wall near the PATH maintenance facility in Harrison and to shield the rail complex at the Penn-Moynihan Station.

  • Census: NY poverty, income levels steady in 2013 Thursday, 18 Sep 2014 | 3:02 AM ET

    And the Census Bureau says Thursday median household income in the state also remained flat at about $57,000. The national median income was about $52,000 last year. Among New York's neighbors, it was $68,000 in Connecticut; $66,000 in Massachusetts; $70,000 in New Jersey; $52,000 in Pennsylvania and $53,000 in Vermont.

  • Trial over plane crash into New York home begins Thursday, 18 Sep 2014 | 3:01 AM ET

    BUFFALO, N.Y.— A jury Thursday began hearing the only case to go to trial over the February 2009 plane crash into a home outside Buffalo that killed 50 people. No words can describe the terror they felt, "the Wielinskis' attorney, Anne Beltz Rimmler, told jurors in state Supreme Court.

  • US economic rebound slow to reach Philadelphia Thursday, 18 Sep 2014 | 12:03 AM ET

    WASHINGTON— The nation's economic recovery has been slow to reach the Philadelphia metropolitan area and income inequality has widened, hurt in part by an exodus of residents and a continued collapse in mid-wage jobs. Philadelphia posted the largest income drop among large metro areas outside the Sun Belt, a sign of its persistently weak job market.

  • Census data shows poverty rate rises in New Mexico Thursday, 18 Sep 2014 | 12:02 AM ET

    ALBUQUERQUE, N.M.— New Mexico saw a spike in the number of people living in poverty last year and maintained the nation's second-highest percentage, according to U.S. Census Bureau numbers released Thursday. Only Mississippi had a poverty rate higher than New Mexico in 2013 with 24 percent of that state's residents living in poverty.

  • Washington state poverty numbers increase Thursday, 18 Sep 2014 | 12:02 AM ET

    Nearly 970,000 Washington residents, or 14.1 percent, were in poverty in 2013, compared to about 915,000, or 13.5 percent, in 2012, according to the American Community Survey that surveyed people between January and December 2013.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.

  • Kent Hiteshew, director of the Treasury's newly-formed Office of State and Local Finance, told a meeting of bond attorneys that he was aware of concerns that the elimination of municipal bonds from the definition of banks' high-quality liquid assets could potentially limit bank demand for the debt, pumping up costs of new bond issuance.