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Top News & Analysis New Jersey

  • March 24- Wall Street's predilection for a glass-half-full view of President Donald Trump was on full display Friday as investors backed off fears that a failure to repeal Obamacare would endanger Trump's entire agenda in favor of optimism that he would simply get on with tax cuts and infrastructure spending. As the clock ticked down to a close vote in the...

  • NEW YORK— The Latest on a collision between trains operated by Amtrak and New Jersey Transit at New York's Penn Station:. The Long Island Rail Road says its riders should expect cancellations and delays during the evening rush hour because of an Amtrak derailment Friday morning at New York's Penn Station. Commuters can expect to face a difficult evening rush...

  • NEW YORK— Commuters to both New Jersey and Long Island faced a difficult journey home Friday evening after two passenger trains clipped each other during the morning rush at Penn Station, jolting riders and creating major travel disruptions but causing no serious injuries. The accident involved an Amtrak Acela Express train headed from Boston to Washington...

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • RED BANK, N.J. _ Zais Group Holdings Inc on Friday reported fourth-quarter net income of $4 million, after reporting a loss in the same period a year earlier. On a per-share basis, the Red Bank, New Jersey- based company said it had profit of 29 cents. For the year, the company reported that its loss narrowed to $5.2 million, or 37 cents per share.

  • NEW YORK, March 24- A "massive amount of misconduct" in futures, options and swaps markets goes undetected because of insufficient data mining, Aitan Goelman, who until last month was enforcement chief for the top U.S. derivatives regulator, said in an interview. Goelman said a lack of resources meant the U.S. Commodity Futures Trading Commission did not have the...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • NEW YORK, March 23- Bank of America Merrill Lynch hired a team of four financial advisers in New Jersey from rival brokerage Morgan Stanley, the bank said Thursday. Michael Greenstone, John Araneo, Margie Manning and Anita Srivastava joined Merrill Lynch in Glen Rock, New Jersey, earlier this month. Morgan Stanley spokeswoman Christine Jockle confirmed that the...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion negligence lawsuit over the October 2011 collapse of MF Global Holdings Ltd, the futures and commodities brokerage once run by former New Jersey governor Jon Corzine. It also ends a trial that began on March 7 in the U.S. District Court in Manhattan, where several witnesses including Corzine...

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion lawsuit in which the bankruptcy administrator of MF Global Holdings Ltd accused the auditor of malpractice that led to the collapse of the brokerage run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the case was "settled to the mutual satisfaction of the parties,"...

  • NEW YORK— The trial between bankrupt brokerage MF Global, run by former New Jersey Governor Jon Corzine, and its former accounting firm, PwC, came to an unceremonious end on Thursday, with both parties saying they have reached a settlement. The trial, in the U.S. District Court of the Southern District of New York, was supposed to last five weeks. At the center of the...

  • RUTHERFORD, N.J. _ Cancer Genetics Inc. on Thursday reported a loss of $2.8 million in its fourth quarter. The Rutherford, New Jersey- based company said it had a loss of 15 cents per share. Keywords: Cancer Genetics, Earnings Report.

  • NJ public bank plan brings money back to citizens: Phil Murphy

    Phil Murphy, democratic candidate for governor of New Jersey, shares his plans to create a public bank to invest in the Garden State.

  • March 23- Financial market concerns are rising about the pace of policymaking in Washington under U.S. President Donald Trump and fellow Republicans in Congress, with investors focused on knock-on effects from any setbacks in Trump's Obamacare rollback plan. April 3: Senate Judiciary Committee expected to vote on Supreme Court nominee Neil Gorsuch, sending...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • VIENNA- European Central Bank Board Member Sabine Lautenschlager will participate in strategy panel "CROs im Dialog mit Spitzenvertretern der Aufsicht, Notenbank und Politik" at 25. BRUSSELS- European Central Bank Board Member Daniele Nouy will deliver an introductory statement on the occasion of the presentation of the ECB Annual Report on supervisory...

  • Shares of the company closed down 12.3 percent at $7.98 on the Nasdaq. The managing director of a Bangladesh- based textile firm said his company is using only a handful of its production lines to manufacture products for Sears' 2017 holiday sales. Mark Cohen, the former chief executive of Sears Canada and director of retail studies at Columbia Business School in...

  • NEW YORK, March 22- If the swoon this week in financials was one sign of the Trump trade running out of fuel, recent weakness in transportation and infrastructure shares is another. Along with financials, those names helped lead a post-election U.S. stock market rally, fueled by Republican Donald Trump's promises of increased infrastructure spending, tax reform...