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  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • Supernus beats Allergan over epilepsy drug patents Friday, 5 Feb 2016 | 3:32 PM ET

    Feb 5- A federal judge on Friday said Allergan Plc's plan to sell a generic version of a drug meant to treat epilepsy infringed patents belonging to Supernus Pharmaceuticals Inc.. District Judge Renée Marie Bumb in Camden, New Jersey said the proposed generic version of Oxtellar XR infringed two of three Supernus patents in question. In afternoon trading,...

  • ATLANTIC CITY, N.J.— Atlantic City's Borgata casino says it will stop making tax payments until the city hands over $62.5 million in court-ordered tax refunds. Atlantic City owes more than $170 million to the Borgata in tax appeals that the casino won by challenging the property's assessed value as the city's gambling market shrank amid cutthroat competition...

  • Feb 5- Activist investors are putting the U.S. banking sector in their crosshairs, betting that headwinds whipping through the industry will accelerate consolidation among lenders. Hedge funds such as Ancora Advisors, Clover Partners and Seidman& Associates are buying up stakes in lenders across the U.S., from community banks to large regional lenders.

  • WRAPUP 1-U.S. job growth likely slowed in January Friday, 5 Feb 2016 | 12:01 AM ET

    *Nonfarm payrolls forecast increasing 190,000 in January. WASHINGTON, Feb 5- U.S. employment gains likely slowed in January as the boost to hiring from unseasonably mild weather faded, but an expected rebound in wages and a steady jobless rate will suggest the labor market recovery remains firm. "Payroll growth has been running above trend over the past three...

  • DIARY-Top Economic Events to Feb 17 Thursday, 4 Feb 2016 | 7:00 PM ET

    LONDON- European Central Bank's Supervisory Council member Daniele Nouy to participate in panel discussion at European Banking Authority 5th Anniversary Conference- 1130 GMT. LONDON- Bank of England's Deputy Governor for Prudential Regulation and Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey to participate in panel...

  • Kearny posts 2Q profit Thursday, 4 Feb 2016 | 6:39 PM ET

    FAIRFIELD, N.J. _ Kearny Financial Corp. on Thursday reported fiscal second-quarter net income of $3.8 million. The Fairfield, New Jersey- based company said it had net income of 4 cents per share. The holding company for Kearny Federal Savings Bank posted revenue of $26.3 million in the period.

  • Selective Insurance posts 4Q profit Thursday, 4 Feb 2016 | 5:53 PM ET

    BRANCHVILLE, N.J. _ Selective Insurance Group Inc. on Thursday reported fourth-quarter earnings of $45.4 million. The Branchville, New Jersey- based company said it had net income of 78 cents per share. Selective Insurance shares have decreased almost 7 percent since the beginning of the year.

  • Wayside Technology posts 4Q profit Thursday, 4 Feb 2016 | 5:25 PM ET

    SHREWSBURY, N.J. _ Wayside Technology Group Inc. on Thursday reported fourth-quarter net income of $1.6 million. On a per-share basis, the Shrewsbury, New Jersey- based company said it had net income of 35 cents. Wayside Technology shares have dropped nearly 2 percent since the beginning of the year.

  • NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...

  • TRENTON, N.J.— AmerisourceBergen Corp. swung to a profit in its fiscal first quarter, thanks to a huge income tax benefit. A $541 million tax benefit enabled the company to post net income of $330.4 million, or $1.46 per share, in the October-December quarter. In the same period in 2014, the company reported a loss of $200 million, or 90 cents per share.

  • Johnson& Johnson, continuing its long quest for a Type 1 diabetes cure, is joining forces with biotech company ViaCyte to speed development of the first stem cell treatment that could fix the life-threatening hormonal disorder. They've already begun testing it in a small number of diabetic patients. ViaCyte and Johnson& Johnson's Janssen BetaLogics group...

  • Clifton Bancorp posts 3Q profit Wednesday, 3 Feb 2016 | 5:57 PM ET

    CLIFTON, N.J. _ Clifton Bancorp Inc. on Wednesday reported earnings of $1.3 million in its fiscal third quarter. Clifton Bancorp shares have decreased slightly more than 1 percent since the beginning of the year. Keywords: Clifton Bancorp, Earnings Report.

  • Monmouth reports 1Q results Wednesday, 3 Feb 2016 | 5:57 PM ET

    FREEHOLD, N.J. _ Monmouth Real Estate Investment Corp. on Wednesday reported a key measure of profitability in its fiscal first quarter. The real estate investment trust, based in Freehold, New Jersey, said it had funds from operations of $11 million, or 17 cents per share, in the period. The company said it had net income of $4.8 million, or 8 cents per share.

  • Immunomedics reports 2Q loss Wednesday, 3 Feb 2016 | 4:43 PM ET

    MORRIS PLAINS, N.J. _ Immunomedics Inc. on Wednesday reported a loss of $13.7 million in its fiscal second quarter. On a per-share basis, the Morris Plains, New Jersey- based company said it had a loss of 15 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Facebook's advertising policy bans promotion of selling drugs— as well as tobacco and guns— and the medical marijuana pages weren't spared even though they have been legally allowed to operate in New Jersey since 2011.. "It's doing a real disservice to the patients of New Jersey," said Peter Rosenfeld, a board member of the Coalition for Medical Marijuana— New...

  • ALBANY, N.Y.— Rossana Rosado, the former longtime editor of the Spanish-language newspaper El Diario has been tapped to be New York state's next secretary of state. Once confirmed by the state Senate she will replace Cesar Perales in the appointed position, which oversees various state regulatory and legal functions. She is a former board member of the Port...

  • Latest: House panel seeks documents on Flint water crisis Wednesday, 3 Feb 2016 | 11:48 AM ET

    Fred Upton of Michigan and Democrat Frank Pallone of New Jersey sent letters to the Environmental Protection Agency and the Michigan Department of Environmental Quality Wednesday seeking information on Flint. The lawmakers are asking a series of questions, including details on how the two agencies are responding to the crisis and whether it is possible to...

  • Lawmakers propose bill to privatize air traffic control Wednesday, 3 Feb 2016 | 11:31 AM ET

    WASHINGTON— Responsibility for the nation's air traffic control operations would shift from the government to a private, nonprofit corporation under legislation introduced Wednesday as part of an overhaul of how Washington oversees the aviation system. The measure extends for six years the authority of the Federal Aviation Administration and...

  • 1st Constitution Bancorp posts 4Q profit Wednesday, 3 Feb 2016 | 9:32 AM ET

    CRANBURY, N.J. _ 1st Constitution Bancorp on Wednesday reported fourth-quarter earnings of $1.6 million. 1st Constitution Bancorp shares have decreased slightly more than 6 percent since the beginning of the year. Keywords: 1st Constitution Bancorp, Earnings Report.