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Top News & Analysis New Jersey

  • NEW YORK, April 28- Don't look for the outperformance of growth stocks to fade any time soon, as long as corporate earnings continue to improve and hopes remain for stronger economic growth. Growth stocks- whose profits are expected to grow at a faster pace than the broader market- are also outperforming their value counterparts in Asia and Europe.

  • HOUSTON, April 28- Phillips 66 expects its refineries to run in the mid-90 percent range of their combined capacity in the second quarter, according to a document prepared for a Friday morning conference call with Wall Street analysts to discuss first quarter earnings. Phillips 66' s refineries ran at 84 percent of capacity in the first quarter, primarily due to...

  • NEW YORK, April 28- The euro rose against the U.S. dollar on Friday after strong euro zone inflation figures, while the dollar jumped against the yen after U.S. wages data suggested the Federal Reserve would still hike interest rates two more times this year. Official flash estimates put euro zone inflation at 1.9 percent in the first quarter, on the verge of...

  • April 28- Goldman Sachs Group Inc's compensation plan received the approval of 93 percent of shareholders at the bank's annual meeting on Friday after the pay structure for Chief Executive Officer Lloyd Blankfein was simplified. Goldman's annual meeting in the bank's Jersey City, New Jersey, office was a quiet affair, with no shareholder proposals up for a...

  • JERSEY CITY, N.J. _ Provident Financial Services Inc. on Friday reported first-quarter profit of $23.5 million. The Jersey City, New Jersey- based company said it had net income of 37 cents per share. The holding company for The Provident Bank posted revenue of $90.4 million in the period.

  • NEWARK, N.J. _ Public Service Enterprise Group Inc. on Friday reported first-quarter net income of $114 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 84 cents per share. The parent company of PSEG Power and Public Service Electric& Gas Co. posted revenue of $2.59 billion in the period.

  • President Donald Trump's executive order seeking to find new ocean expanses in the Atlantic and the Arctic for offshore drilling is unlikely to reach its goals anytime soon, but instead will kick off a yearslong review and a legal battle. And environmental law and policy experts questioned Trump's authority to reverse Obama's withdrawal of certain areas in...

  • WASHINGTON— Vice President Mike Pence swore in Alex Acosta as the nation's new labor secretary Friday, filling out President Donald Trump's Cabinet as he approaches his 100th day in office. The oath-taking came after the Senate's 60-38 confirmation vote Thursday, in which eight Democrats and one independent joined Republicans in voting yes.

  • *First-quarter GDP forecast rising at a 1.2 percent rate. WASHINGTON, April 28- The U.S. economy likely hit a soft patch in the first quarter as an unseasonably warm winter and rising inflation weighed on consumer spending, in a potential setback to President Donald Trump's promise to boost growth. The government will publish its advance first-quarter GDP...

  • FAIRFIELD, N.J. _ Kearny Financial Corp. on Thursday reported fiscal third-quarter profit of $4.1 million. The Fairfield, New Jersey- based company said it had net income of 5 cents per share. The holding company for Kearny Federal Savings Bank posted revenue of $37.3 million in the period.

  • SHORT HILLS, N.J. _ Investors Bancorp Inc. on Thursday reported first-quarter earnings of $46 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share. Investors Bancorp shares have risen 4 percent since the beginning of the year.

  • TOMS RIVER, N.J. _ OceanFirst Financial Corp. on Thursday reported first-quarter profit of $12 million. The holding company for OceanFirst Bank posted revenue of $52 million in the period. Keywords: OceanFirst Financial, Earnings Report.

  • EATONTOWN, N.J. _ Wayside Technology Group Inc. on Thursday reported first-quarter net income of $1.3 million. Wayside Technology shares have risen 5 percent since the beginning of the year. Keywords: Wayside Technology Group, Earnings Report.

  • MT. LAUREL, N.J. _ Marlin Business Services Corp. on Thursday reported first-quarter profit of $1.5 million. The Mt. Laurel, New Jersey- based company said it had net income of 12 cents per share. Keywords: Marlin Business Services, Earnings Report.

  • April 27- The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd to drive down its stock price. It upheld the dismissal of claims against two prominent hedge fund firms, Jim Chanos' Kynikos Associates PC and...

  • NEW YORK— The Latest on Amtrak's repair work at Penn Station:. Chris Christie says he's satisfied with Amtrak's announcement that it is accelerating repair work at New York's Penn Station starting next month. Amtrak says it is accelerating repair work at New York's Penn Station beginning next month, and warns of further delays for already beleaguered...

  • Gary Cohn said the standard deduction for a married couple would be doubled to $24,000. Cohn said the deduction would create "a zero tax-rate for the first $24,000." That sounds great, but very few families making $24,000 a year pay federal income tax, said Roberton Williams, a fellow at the nonpartisan Tax Policy Center.

  • Party City store in Hamilton, New Jersey

    If it holds, a sale would come two years after buyout firm Thomas H. Lee Partners LP took the company public.

  • WASHINGTON— The Senate on Thursday confirmed Alex Acosta as Labor secretary, filling out President Donald Trump's Cabinet as he approaches his 100th day in office. Tim Scott, R- S.C., spoke for many Republicans with a statement issued just after the vote saying he hopes Acosta's focus will be "promoting labor policies that are free of unnecessarily burdensome...

  • ATLANTIC CITY, N.J.— For the second time in as many years, a deal to convert a shuttered Atlantic City casino into a water park has dried up. Florida- based TJM Properties said Thursday a deal to sell former Atlantic Club casino to a group of local investors is off. Young told The Associated Press he intends to make a renewed bid to buy the property from TJM.