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New Jersey

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  • NJ jobless rate inches down to 9.8 percent Thursday, 18 Oct 2012 | 3:40 PM ET

    TRENTON, N.J.-- New Jersey's unemployment rate ticked down a notch to 9.8 percent in September, even as the state shed 1,200 jobs for the month.

  • RR Donnelley shares drop on premature SEC filing Thursday, 18 Oct 2012 | 3:19 PM ET

    TRENTON, N.J.-- Shares of RR Donnelley fell and then partially recovered Thursday amid news the printer and communications consultant had mistakenly filed a draft version of client Google Inc.' s third-quarter financial results to the Securities and Exchange Commission hours before the final version was to be submitted.

  • House tea party icons face re-election challenges Thursday, 18 Oct 2012 | 1:18 PM ET

    Michele Bachmann's tendency to cause a ruckus on Capitol Hill made her a tea party sensation. Allen West of Florida, Steve King of Iowa and Joe Walsh of Illinois are all embroiled in tough and expensive races that are drawing plenty of spending by friends and foes from around the country.

  • Pa. gov gets bill to let firms keep payroll taxes Thursday, 18 Oct 2012 | 10:32 AM ET

    HARRISBURG, Pa.-- A new state tax incentive designed to encourage companies to hire in Pennsylvania passed both chambers of the Legislature on Wednesday and was sent to Gov. "The beauty of this approach is that this is not revenue that is in the state currently," Senate Appropriations Committee Chairman Jake Corman, R- Centre, told colleagues. "

  • Two days after NHL offer, union set to have a say Thursday, 18 Oct 2012 | 10:01 AM ET

    On Tuesday, the NHL made its strongest, and most public, pitch yet to save a full season. "I hope we can get going ASAP," Red Wings defenseman Niklas Kronwall told The Associated Press on Wednesday. " Fehr met with the union to formulate a response, and in a letter to players and agents said the management plan would cost his members more than $1.6 billion over six years.

  • NY philanthropist freed on bail after court ruling Wednesday, 17 Oct 2012 | 8:06 PM ET

    NEW YORK-- An opera-loving philanthropist convicted in New York of a multimillion-dollar fraud has been freed on bail to await the outcome of his appeal. Alberto Vilar was freed Wednesday on $10 million bail from a federal lockup in Fort Dix, N.J. He'll be required to wear an electronic bracelet, as he was before his November 2008 conviction.

  • Stock market edges up on stronger housing report Wednesday, 17 Oct 2012 | 4:27 PM ET

    NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, while weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average. Better results from Mattel, Goldman Sachs, and Johnson& Johnson shot the stock market higher Tuesday.

  • Springsteen presents charity honor to Van Zandt Wednesday, 17 Oct 2012 | 10:57 AM ET

    NEW YORK-- The night busted open in New York City as Bruce Springsteen and other Rock and Roll Hall of Famers helped Steven Van Zandt celebrate his Big Man of the Year award. "What a liar," Van Zandt retorted with a grin.

  • Stock market wavers as investors digest earnings Wednesday, 17 Oct 2012 | 10:17 AM ET

    NEW YORK-- A surprisingly strong housing report helped push the stock market mostly higher Wednesday, even as weak earnings reports from Intel and IBM weighed on the Dow Jones industrial average.

  • Quest Diagnostics 3Q profit falls 5 percent Wednesday, 17 Oct 2012 | 9:03 AM ET

    MADISON, N.J.-- Quest Diagnostics Inc.' s third-quarter earnings slipped 5 percent, as restructuring costs and a drop in clinical testing revenue hurt the medical laboratory operator's performance. Overall, the company earned $163.1 million, or $1.01 per share, in the three months that ended Sept. 30.

  • NY farmer, NJ company convicted of illegal dumping Wednesday, 17 Oct 2012 | 8:54 AM ET

    ALBANY, N.Y.-- Federal authorities say a central New York farmer and a New Jersey waste management company owner have been found guilty of conspiring to illegally dump tons of asbestos-contaminated construction debris on wetlands near the Mohawk River in 2006..

  • Tourism leaders: 'Do AC' campaign is catching on Wednesday, 17 Oct 2012 | 8:49 AM ET

    The Atlantic City Alliance, the new marketing arm of the casinos, says its multimillion-dollar advertising campaign shows people in New Jersey, New York, Pennsylvania and Baltimore, Md., are improving their perceptions of Atlantic City. That money is now being used to promote Atlantic City more aggressively than ever before.

  • Knight Capital posts 3Q loss on software glitch Wednesday, 17 Oct 2012 | 7:02 AM ET

    JERSEY CITY, N.J.-- Knight Capital Group Inc. reported a large loss in its third quarter because of the fallout from a disastrous software glitch. The glitch in Knight Capital's trading software, which occurred in August, flooded the market with erroneous trades. Knight Capital takes orders from big brokers like TD Ameritrade and E-Trade.

  • Watson Pharma climbs as FTC approves Actavis deal Tuesday, 16 Oct 2012 | 4:58 PM ET

    PARSIPPANY, N.J.-- Shares of Watson Pharmaceuticals Inc. reached new highs Tuesday after the Federal Trade Commission cleared its acquisition of Swiss drugmaker Actavis Group. Watson and Actavis will sell three approved products to Sandoz, a unit of Novartis AG, including generic versions of the antidepressant Wellbutrin XL and the anxiety drug Ativan.

  • J&J 3Q net income drops 7 percent on higher costs Tuesday, 16 Oct 2012 | 4:56 PM ET

    Johnson& Johnson's third-quarter profit fell 7 percent as litigation and acquisition costs and factory upgrade expenses related to its consumer product recalls offset higher medicine and medical device sales.

  • Dirty shoes? How did steroids get contaminated? Tuesday, 16 Oct 2012 | 4:51 PM ET

    There are lots of ways fungus could have gotten inside the Massachusetts compounding pharmacy whose steroid medication has been linked to a lethal outbreak of a rare fungal form of meningitis. Company spokesman Andrew Paven said by email that criminal investigators from the Food and Drug Administration were at the pharmacy in Framingham, Mass., on Tuesday.

  • Realogy IPO raises $1.2 billion, after expenses Tuesday, 16 Oct 2012 | 4:45 PM ET

    Realogy priced 40 million shares at $27 apiece, and the stock soared more than 25 percent in its trading debut on Thursday. Realogy on Tuesday announced the IPO's closing, and said that the $1.2 billion raised was net of underwriters' discounts and commissions, as well as estimated offering expenses.

  • Interest concerns weigh on PNC shares after 3Q Tuesday, 16 Oct 2012 | 3:31 PM ET

    BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.

  • Tumi shares fall on stockholders' plan to sell Tuesday, 16 Oct 2012 | 11:56 AM ET

    NEW YORK-- Shares of Tumi, which makes pricey luggage, fell Tuesday after the company said some shareholders, including the company's CEO and CFO, plan to sell stock.

  • NJ voters may be asked to decide minimum wage hike Tuesday, 16 Oct 2012 | 10:19 AM ET

    TRENTON, N.J.-- A New Jersey Senate panel narrowly passed a resolution Monday that would ask voters to approve a minimum wage increase next year along with automatic yearly adjustments.