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Top News & Analysis New Jersey

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  • TRENTON, N.J.— The $225 million settlement between ExxonMobil and New Jersey reached this week confirms the oil giant must clean up more than 1,500 contaminated properties from gas stations to refineries— but exactly how much they'll spend or how long it'll take remains murky. Tuesday's settlement between New Jersey's Department of Environmental...

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's ties with China, even if it does make for nifty campaign sound bites. "When you're in the early...

  • CHARLESTON, S.C.— If there was ever a week for the Republican presidential candidates to talk tough on China, this was it: Spurred by the stock market's wild ride, they lashed out at the world's most populous nation. It's rhetoric that doesn't always square with the realities of the relationship between the world's two largest economies, said experts on America's...

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- World oil prices roared back to $50 a barrel in the second day of a frenetic short-covering rally on Friday, with violence in Yemen, a storm in the Gulf and refinery outages helping extend the biggest two-day rally in six years. Warplanes from a Saudi-led coalition killed 10 people in air...

  • *Doubts about China persist despite stabilization. NEW YORK, Aug 28- U.S. So I wouldn't want to go ahead and decide right now what the case is: more compelling, less compelling, et cetera, "Fed Vice Chairman Stanley Fischer told CNBC television on Friday when asked about the prospect of a September interest rate hike.

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude rose 6 percent on Friday, notching its first weekly gain in two months, after a rally in gasoline from refinery outages and concerns about strife in Yemen fed a second frenzied day of short-covering in oil. "A severely oversold and shorted oil market is creating a bid for covering...

  • *Refinery outages, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped as much as 7 percent on Friday as a rally in gasoline prices from refinery outages and concern about strife in Yemen prompted traders to scramble for a second day to cover short positions. U.S. crude's front-month was up $2.25, or 5.3 percent, at $44.81 a barrel by 1:46 p.m....

  • *Gasoline rally, Yemen tensions and storm watch fuel gains. NEW YORK, Aug 28- U.S. crude jumped 6 percent on Friday as a rally in gasoline prices and air raids in Yemen prompted traders to scramble for a second day to cover short positions, while market players also kept an eye on a storm that appeared to be approaching the oil-rich U.S. U.S. crude's front-month was up...

  • NEW YORK, Aug 28- The short-covering frenzy in global oil markets extended for a second straight day on Friday, pushing U.S. crude up as much as 5 percent in morning trade, getting extra support from a rally in gasoline futures, before both began consolidating. "A severely oversold and shorted oil market is creating a bid for covering in U.S. crude," said Chris Jarvis,...

  • CAMDEN, N.J.— A judge has thrown out lawsuits filed by New Jersey consumers who said supermarkets fooled them into paying more for bread by advertising it was made fresh in their stores. Signs in Acme, Wegmans and Whole Foods said baked goods were made elsewhere and reheated in-store, according to the lawsuits filed in Camden in December. Whole Foods is pleased with...

  • Lawsuit over Whole Foods baked goods deemed half-baked Thursday, 27 Aug 2015 | 3:58 PM ET

    District Judge Joseph Irenas in Camden, New Jersey on Wednesday said claims against Whole Foods, Wegmans Food Markets Inc and Acme Markets Inc were too vague, because the plaintiffs did not show they overpaid for specific goods in response to specific signs or advertising from the defendants. Shoppers complained that the grocers sold frozen, pre-made, and...

  • Trump Entertainment Resorts got an injunction barring Local 54 of the Unite-HERE union from beaming the messages onto the Taj Mahal, Tropicana and the shuttered Trump Plaza. The ruling came hours after the New Jersey State AFL-CIO asked union members to boycott the Tropicana and the Trump Taj Mahal. It came hours after the state AFL-CIO asked union members to...

  • ATLANTIC CITY, N.J.— A professional gambler accused of cheating an Atlantic City casino out of $9.6 million by seeking an unfair edge at cards says the casino has its own method of gaining an advantage: plying gamblers with free booze served by flirty, scantily clad waitresses. Phil Ivey is using the unusual defense against allegations that he and a partner...

  • Aug 27- CBS Radio and Walt Disney's ESPN are joining a handful of companies that will promote podcasts to advertisers at the Interactive Advertising Bureau's first podcast upfronts next month, executives told Reuters. Podcasts are a small, but growing part of the digital media marketplace with a wealthy, tech-savvy group of listeners, said Larry Rosin,...

  • Burlington shares jump as it raises full-year outlook Thursday, 27 Aug 2015 | 7:43 AM ET

    BURLINGTON, N.J.— Higher sales at Burlington helped the discount retailer post strong fiscal second-quarter results Thursday. Burlington now expects earnings between $2.27 per share and $2.32 per share for the year, up from its previous guidance between $2.15 per share and $2.25 per share. For the fiscal second-quarter, Burlington reported net income of...

  • Movado rebounds as 2Q results top analyst estimates Thursday, 27 Aug 2015 | 7:15 AM ET

    PARAMUS, N.J.— Shares of Movado Group surged almost 20 percent Thursday after the luxury watchmaker's second-quarter results surpassed Wall Street expectations. The seller of Movado, Ebel, Hugo Boss and Lacoste watches said it gained market share in the U.S. and sales in Europe were strong as residents of the U.S. and China traveled overseas and shopped more to...

  • Destination Maternity reports 2Q loss Thursday, 27 Aug 2015 | 6:09 AM ET

    MOORESTOWN, N.J. _ Destination Maternity Corp. on Thursday reported a fiscal second-quarter loss of $2.7 million, after reporting a profit in the same period a year earlier. Destination Maternity shares have fallen 29 percent since the beginning of the year. Keywords: Destination Maternity, Earnings Report.

  • Getting a flu shot? There are new options Wednesday, 26 Aug 2015 | 4:07 PM ET

    TRENTON, N.J.— People planning on getting a flu shot this season have several options to discuss with their doctors. Three vaccines may appeal to people squeamish about the inch-long needles typically used to give flu shots. Another option gives a high dosage for those needing extra protection.

  • Back from death's door, Resorts casino is now profitable Wednesday, 26 Aug 2015 | 2:14 AM ET

    ATLANTIC CITY, N.J.— As recently as five years ago, Resorts Casino Hotel was near death, struggling to survive against bigger, newer Atlantic City casinos. In December 2009, Resorts' then-owners Colony Capital were within hours of handing over the keys to lenders and walking away from the casino. Months later, veteran casino executive Dennis Gomes and New York real...

  • Lawmaker sees opening for appeal of $225M Exxon ruling Wednesday, 26 Aug 2015 | 2:06 AM ET

    TRENTON, N.J.— While a New Jersey judge approved the state's $225 million settlement with ExxonMobil, he expressed concern over delayed cleanup at a polluted creek, which a state lawmaker says could open up a route to appeal the decision. Raymond Lesniak said he believes Superior Court Judge Michael Hogan's concerns could give him an opportunity to appeal the...