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Top News & Analysis New Jersey

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  • 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,...

  • 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...

  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • NEW YORK— Republican presidential candidate Donald Trump repeated his claim Tuesday evening that he would stop eating Oreos, citing the cookie maker's decision to close a plant in Chicago and move it to Mexico. Oreo's parent company Mondelez International Inc. said last month that it decided to invest $130 million in building four new production lines at a...

  • NEW YORK, Aug 25- A man whose wife was a key figure in the recent rejection of an antitrust settlement between American Express Co and a group of retailers pleaded guilty on Tuesday to conspiring with her to defraud two New York law firms where she was a partner out of $7.8 million. Melvin Feliz, 48, of Englewood Cliffs, New Jersey, admitted to one count of conspiracy to...

  • Aug 25- Exxon Mobil Corp's $225 million settlement with the administration of New Jersey Governor Chris Christie of a longstanding environmental pollution case won approval on Tuesday from a state judge, over the objections of critics who called the accord a sellout. Judge Michael Hogan of the State Superior Court called the accord a "reasonable compromise...

  • ATLANTIC CITY, N.J.— Atlantic City's main casino workers union said Tuesday it is giving billionaire Carl Icahn "one last chance" to avoid a strike at the Taj Mahal casino by reinstating employee health and pension benefits. The union wants the restoration of health insurance and pension benefits that Trump Entertainment Resorts canceled last October after a...

  • Aug 25- Exxon Mobil Corp's controversial $225 million settlement with New Jersey of a longstanding environmental pollution case won approval on Tuesday from a state judge, despite objections from critics who viewed the accord as a sellout. Judge Michael Hogan of the State Superior Court called the accord a "reasonable compromise" even though the payout was...

  • NJ judge approves Exxon $225 mln cleanup settlement Tuesday, 25 Aug 2015 | 1:15 PM ET

    Michael Hogan, a state Superior Court judge, called the accord a "reasonable compromise," despite being far smaller than the $8.9 billion of damages that New Jersey initially estimated.

  • TRENTON, N.J.— After originally seeking $8.9 billion, New Jersey's $225 million settlement with ExxonMobil over dozens of polluted sites is a reasonable compromise considering the substantial legal risks the state faced, a judge ruled Tuesday in approving a deal that Gov. He noted that the settlement is on top of Exxon's responsibility to clean up the sites,...

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...