Top News & Analysis New Jersey

  • The grisly death of a 10- year-old boy on a Kansas water slide and a Ferris wheel accident that injured three little girls at a county fair in Tennessee this summer have focused attention on what safety experts say is an alarming truth about amusement rides: How closely they are regulated varies greatly from state to state. Twenty-nine deaths on amusement rides...

  • Pfizer will pay about $14 billion to buy cancer drug developer Medivation in a cash deal aimed at fortifying its hold in one of the hottest and most lucrative areas of medicine. The New York drugmaker said Monday that the acquisition will stock its product portfolio with leading treatments for the most common cancers in men and women by adding Medivation's...

  • TRENTON, N.J.— Tens of thousands of fans will crowd into MetLife Stadium three times over the next week to watch Bruce Springsteen and the E Street Band, some because they acted quickly enough to buy tickets at face value— and others because they were willing to pay more on the secondary market. Bill Pascrell of New Jersey has been seeking for seven years to solve the...

  • Chris Christie is facing a deadline to act on raising New Jersey's minimum wage to $10.10 an hour in the next year and to at least $15 over the next five. If it were enacted, New Jersey would become the third state on a direct path toward a $15 an hour minimum wage, the highest in the nation. The New Jersey measure would raise the current $8.38 wage to $10.10 on Jan. 1.

  • Illinois became the third state— with New York and Connecticut— to abolish the tax just this year, among 15 states where legislation was introduced, said Jennifer Weiss-Wolf of the Brennan Center for Justice. Maryland, Massachusetts, Minnesota, New Jersey and Pennsylvania had previously not charged the tax and five other states have no sales tax.

  • *Higher yields in Europe pressure U.S. bonds. Weaker sovereign bond prices in Europe also exerted downward pressure on their U.S. counterparts on light volume and in the absence of U.S. economic data, analysts said. "It's started in Europe and it's gathering some momentum in the U.S.," said David Keeble, global head of interest rates strategy at Credit Agricole...

  • NEWARK, N.J.— Stacks of leafy greens are sprouting inside an old brewery in New Jersey. "What we do is we trick it," said David Rosenberg, co-founder and chief executive officer of AeroFarms. The company is in the process of building what an industry group says is the world's largest commercial vertical farm at the site of an old steel mill in New Jersey's largest city.

  • CLARK, N.J.— Fire officials say a clothes dryer exploded in New Jersey, injuring a homeowner and blowing out the windows of his house. NJ.com says the explosion was reported shortly before 2 p.m. in Clark. Deputy Fire Chief John Pingor tells NJ.com two windows and a sliding glass door at the rear of the home were blown out.

  • Valeant's U.S.-listed shares reversed course to close down 3.4 percent at $37.19 on Thursday. They had risen as much as 5 percent, after the company's lenders agreed to an amendment to loosen covenants on its $31 billion of debt. T. Rowe Price, which held a 6.4 percent passive stake in Valeant as of Dec. 31, filed the lawsuit in the District Court of New Jersey on Monday.

  • Aug 18- Business activity in the U.S. mid-Atlantic region improved in August, but local employment deteriorated to its worst level in seven years, a survey from the Philadelphia Federal Reserve released on Thursday showed. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware. The Philadelphia Fed regional business index is...

  • HARTFORD, Conn.— A man who targeted watches during a string of outlet store break-ins from Florida to Maine will have to serve time in prison. Perez, who most recently lived in New Jersey, led a group that in 2013 broke into Fossil and other outlet stores, getting away with more than $1.8 million in watches from burglaries in Connecticut, Massachusetts, Maryland,...

  • It's an amusement park staple with a dedicated fan base. But how often does anyone really win at the claw machine? ATLANTIC CITY, N.J.— It's an amusement park staple with a dedicated fan base.

  • NEW YORK, Aug 17- Two former Insys Therapeutics Inc employees pleaded not guilty on Wednesday to charges that they engaged in a scheme to pay doctors kickbacks including speaker fees to prescribe a drug containing the opioid fentanyl. Jonathan Roper, a former Insys district sales manager, and Fernando Serrano, a former sales representative, entered their pleas...

  • J&J, based in New Brunswick, New Jersey, said Wednesday it plans to appeal a summary judgment issued by the District of Massachusetts federal court in a high-stakes patent fight with rival drugmaker Pfizer Inc. The appeal process could take a year or more, J&J said. Pfizer likely will make the somewhat-risky move of launching its competing version, called...

  • MORRIS PLAINS, N.J. _ Immunomedics Inc. on Wednesday reported a loss of $15.9 million in its fiscal fourth quarter. The Morris Plains, New Jersey- based company said it had a loss of 17 cents per share. For the year, the company reported that its loss widened to $59 million, or 62 cents per share.

  • New Jersey Gov. Chris Christie.

    By the end of 2011, New Jersey agreed to accept 17 cents on the dollar of what Trump casinos owed, the NYT reports.

  • WASHINGTON, Aug 17- Federal Reserve policymakers agree that more economic data is needed before raising interest rates, although some see a need to tighten policy soon, according to the minutes from the U.S. central bank's July 26-27 policy meeting. The minutes, which were released on Wednesday, showed that members of the rate-setting Federal Open Market...

  • LONDON— A blimp-shaped, helium-filled airship considered the world's largest aircraft flew for the first time Wednesday with a short but historic jaunt over an airfield in central England. Engines roaring, the 302- foot Airlander 10 rose slowly into the air from Cardington airfield, 45 miles north of London. "It's a great British innovation," said chief...

  • NEWARK, N.J.— The federal court sentencing of a former mentor to New Jersey Gov. David Samson, former chairman of the Port Authority of New York and New Jersey, pleaded guilty to a bribery charge last month and faced sentencing Oct. 20. Samson admitted he used his position as head of the agency that runs New York- area airports to get personal favors from United Airlines.

  • NEW YORK, Aug 17- Stocks around the globe turned lower on Wednesday as investors sold equities ahead of the release of minutes from the Federal Reserve's July meeting a day after two Fed officials said U.S. short-term interest rates could rise as soon as next month. New York Fed President William Dudley and Atlanta Fed chief Dennis Lockhart both said on Tuesday...