As the city fights to overcome an economic downfall, the suit raises questions about why money was fronted to provide loans that banks readily make.» Read More
Oct 2- Standard& Poor's Ratings Services said today that it assigned Parsippany, N.J.- based timeshare and lodging company Wyndham Worldwide Corp.' s. Wyndham intends to use the proceeds for general corporate purposes. Wyndham's $1 billion revolving credit facility due July 2016 backs up the company's proposed commercial paper program.
The NCAA, Major League Baseball, the National Football League, National Basketball Association and National Hockey League are collectively suing to block New Jersey's sports betting law from taking effect; the state says it could take bets as soon as December.
HOBOKEN, N.J.-- Publisher John Wiley& Sons is buying online education provider Deltak.edu for $220 million to diversify its offerings and speed up its digital learning strategy. John Wiley& Sons, based in Hoboken, N.J., said Tuesday that the buyout is expected to close by the end of the month. Shares of John Wiley& Sons rose 5 cents to $45.53 in morning trading.
MILLVILLE, N.J.-- Federal and state officials say a southern New Jersey glass manufacturer has agreed to pay $300,000 in civil penalties to settle allegations that it violated air pollution standards. Durand Glass Manufacturing Co. made no admission of violations under the agreement announced Monday.
TRENTON, N.J.-- New Jersey would have to start paying unemployment to people who appeal denials but cannot get answers on them within eight weeks under a bill advanced Monday by a state Senate committee.
Oct 2- John Wiley& Sons Inc, the publisher of the "For Dummies" books, said it will buy privately held online learning services company Deltak.edu LLC for $220 million to strengthen its business with higher education institutions.
BAGHDAD-- Iraq on Tuesday signed a $14 million deal with a U.S. consortium to modernize a major port in the country's southern province of Basra in a move aimed at developing key infrastructure neglected during years of war and sanctions.
CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain. Housing prices are rising in most areas, according to CoreLogic.
NEWARK, N.J.-- Authorities say an executive with the NBA's New Orleans Hornets has been charged with criminal possession of a weapon after a handgun was found in his checked baggage at New Jersey's Newark Liberty International Airport.
CHICAGO-- Mandolin player and composer Chris Thile learned the hard way that when you get a call from the 312 area code this time of year, you should probably answer the phone. Thile is among 23 recipients of this year's MacArthur Foundation "genius grants," which are given in a secrecy-shrouded process.
SUMMIT, N.J.-- Shares of Celgene Corp. rose Tuesday after the company said its cancer drug Abraxane slowed the progression of melanoma in a late-stage clinical trial. Celgene said patients who were treated with Abraxane had greater progression-free survival than patients who were treated with the chemotherapy drug dacarbazine.
NEW YORK-- Toys R Us will offer a price matching guarantee on all of its toys and products in stores this holiday season, the toy seller said Monday. Toy analysts say retailers are being tight with inventory this year, so those wanting in-demand toys like Monster High dolls and the LeapPad2 tablet should buy early.
PRINCETON, N.J.-- Church& Dwight said Monday that it completed its acquisition of Avid Health Inc., which makes gummy types of vitamins and supplements, for $650 million in cash. Church& Dwight Co. Inc. makes Arm& Hammer baking soda, Aim toothpaste and other products. Church& Dwight shares rose 19 cents to $54.18 in afternoon trading.
TRENTON, N.J.-- A New Jersey state Senate committee on Monday again advanced a bill to set up a state-run insurance exchange as a way to give uninsured people a way to buy health plans as part of the federal health insurance overhaul.
Hertz said it plans to use the offering's proceeds to finance part of its tender offer for Dollar Thrifty Automotive Group Inc.' s shares and refinance some of that company's existing debt. In August, Park Ridge, N.J.- based Hertz reached a deal to buy Tulsa, Okla.- based Dollar Thrifty for $87.50 per share, or about $2.3 billion.
TRENTON, N.J.-- New Jersey's second-largest public employee union has ratified a new contract that the Christie administration says reflects financial realities and budget constraints.
TRENTON, N.J.-- Former Johnson& Johnson CEO James E. Burke, who steered the health care giant through the Tylenol poisonings in the 1980 s that resulted in the first tamper-resistant product packaging, has died.
NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry report showed on Monday. PETER JANKOVSKIS, CO-CHIEF INVESTMENT OFFICER AT OAKBROOK INVESTMENTS LLC IN LISLE, ILLINOIS. DAVID SLOAN, ECONOMIST, 4 CAST LTD, NEW YORK.
NEW YORK, Oct 1- The U.S. manufacturing sector expanded in September, shaking off three months of weakness as new orders and employment picked up, an industry report showed on Monday. STORY: TABLE COMMENTS: DAVID SLOAN, ECONOMIST, 4 CAST LTD, NEW YORK. JOSEPH TREVISANI, CHIEF MARKET STRATEGIST, WORLDWIDE MARKETS, WOODCLIFF LAKE, NEW JERSEY.