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Top News & Analysis New Jersey

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  • MOUNT HOLLY, N.J.— A judge is weeks away from deciding whether to allow a disputed environmental contamination settlement between New Jersey and Exxon Mobil Corp., he said Thursday during a hearing on the deal. Chris Christie following 11 years of litigation over pollution caused by the company, particularly at sites in Linden and Bayonne.

  • NEW YORK— A former software engineer at a prominent California law firm was sentenced Wednesday to two years in prison for insider trading by a judge who noted that he should have realized the dangers of what he was doing when one of his firm's lawyers was arrested on the same charges in a separate prosecution. District Judge Paul A. Engelmayer in Manhattan told...

  • NEW YORK, July 29- Celgene Corp, one of the world's largest biotechnology companies, has accused U.S. hedge fund manager Kyle Bass of attempting to profit from his attempts to wipe out several major drug patents through his Coalition for Affordable Drugs. Patent and Trademark Office on Tuesday to sanction Bass and others behind the group by throwing out its...

  • Chris Christie administration and ExxonMobil will be discussed in front of a state judge Thursday and New Jersey residents could find out soon if it will be approved. What is expected to be a final hearing between the Department of Environmental Protection and the oil company is scheduled for Thursday in Superior Court in Mount Holly in the 11- year-old case.

  • Breeze-Eastern posts 1Q profit Wednesday, 29 Jul 2015 | 9:39 AM ET

    WHIPPANY, N.J. _ Breeze-Eastern Corp. on Wednesday reported fiscal first-quarter net income of $2.4 million, after reporting a loss in the same period a year earlier. The Whippany, New Jersey- based company said it had profit of 24 cents per share. Breeze-Eastern shares have climbed 19 percent since the beginning of the year.

  • Medicines Co. reports 2Q loss Wednesday, 29 Jul 2015 | 9:00 AM ET

    PARSIPPANY, N.J. _ The Medicines Co. on Wednesday reported a loss of $46.6 million in its second quarter. The average estimate of five analysts surveyed by Zacks Investment Research was for a loss of 20 cents per share. Medicines Co. shares have risen 21 percent since the beginning of the year.

  • Hudson City Bancorp posts 2Q profit Wednesday, 29 Jul 2015 | 8:46 AM ET

    PARAMUS, N.J. _ Hudson City Bancorp Inc. on Wednesday reported second-quarter profit of $35.7 million. Hudson City Bancorp shares have increased 2 percent since the beginning of the year, while the Standard& Poor's 500 index has increased almost 2 percent. Keywords: Hudson City Bancorp, Earnings Report.

  • Bel Fuse posts 2Q profit Wednesday, 29 Jul 2015 | 8:46 AM ET

    JERSEY CITY, N.J. _ Bel Fuse Inc. on Wednesday reported second-quarter net income of $6.1 million. Bel Fuse shares have dropped 27 percent since the beginning of the year. Keywords: Bel Fuse, Earnings Report.

  • Synchronoss beats Street 2Q forecasts Wednesday, 29 Jul 2015 | 8:12 AM ET

    BRIDGEWATER, N.J. _ Synchronoss Technologies Inc. on Wednesday reported second-quarter net income of $15.2 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 51 cents per share. Synchronoss shares have increased roughly 6 percent since the beginning of the year.

  • Belgium's Solvay to buy US Cytec for $5.5 billion Wednesday, 29 Jul 2015 | 4:55 AM ET

    BRUSSELS— Belgium's chemical group Solvay has announced it will buy U.S.-based Cytec for $5.5 billion, making it the second biggest company in the aerospace composite materials market. In Wednesday's announcement, CEO Jean-Pierre Clamadieu said that the proposed acquisition "marks a major step change in Solvay's portfolio upgrade" to expand into the...

  • OCEAN GATE, N.J.— An environmental group took a major step on Wednesday toward re-establishing an oyster colony in Barnegat Bay. The American Littoral Society held a send-off party in Ocean Gate for thousands of oyster spat, or seedlings, which were taken by boat to an artificial reef about a quarter-mile off a section of Berkeley Township called Good Luck Point.

  • Ocean Shore Holding posts 2Q profit Tuesday, 28 Jul 2015 | 7:21 PM ET

    OCEAN CITY, N.J. _ Ocean Shore Holding Co. on Tuesday reported second-quarter net income of $1.7 million. Ocean Shore Holding shares have climbed 3 percent since the beginning of the year. Keywords: Ocean Shore Holding, Earnings Report.

  • Peapack-Gladstone posts 2Q profit Tuesday, 28 Jul 2015 | 7:21 PM ET

    BEDMINSTER, N.J. _ Peapack-Gladstone Financial Corp. on Tuesday reported second-quarter net income of $5.2 million. The bank, based in Bedminster, New Jersey, said it had earnings of 34 cents per share. Peapack- Gladstone shares have climbed 17 percent since the beginning of the year.

  • Verisk tops Street 2Q forecasts Tuesday, 28 Jul 2015 | 4:45 PM ET

    JERSEY CITY, N.J. _ Verisk Analytics Inc. on Tuesday reported second-quarter profit of $163.3 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. Seven analysts surveyed by Zacks expected $486.8 million.

  • The ruling by the U.S. Court of Appeals for the District of Columbia Circuit orders the EPA to redo sulfur-dioxide and nitrogen-oxide standards for 13 states, mostly in the South and Midwest, that contribute to soot and smog along the East Coast. The April 2014 ruling was an important victory for the Obama administration and capped a decades-long effort by the...

  • Casino high rollers: Tales of abuse, rule-bending Tuesday, 28 Jul 2015 | 12:50 PM ET
    Patrons play craps at a table at Mohegan Sun in Uncasville, Conn. (file photo).

    Some casino dealers take extreme measures, like tolerating abuse and bending the rules, to satisfy and retain high rollers.

  • TRENTON, N.J.— New Jersey plans to put body cameras on all state troopers who work in the field and is issuing guidelines on how local police forces statewide should use the devices. Acting Attorney General John Hoffman, who outlined the plans Tuesday, also announced $2.5 million in state funding to help local police departments buy body cameras.

  • UNCASVILLE, Conn.— One high roller requests a refrigerator full of bananas that he squeezes and throws as he gambles. Other high-stakes players described by a pit manager at Mohegan Sun, one of the world's largest casinos, throw chairs, scream at dealers and expect rules to be bent at the tables. Transcripts of the hearing were obtained by The Associated Press.

  • CommVault reports 1Q loss Tuesday, 28 Jul 2015 | 7:56 AM ET

    TINTON FALLS, N.J. _ CommVault Systems Inc. on Tuesday reported a fiscal first-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. CommVault shares have declined 23 percent since the beginning of the year.

  • Merck& Co.' s second-quarter profit plunged by two-thirds, hammered by the sale of its consumer business, unfavorable currency exchange rates, lower sales of some key drugs and hefty one-time charges. The world's fifth-biggest drugmaker by revenue beat modest Wall Street expectations and raised its full-year profit forecast by a dime per share, but shares...