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Top News & Analysis New Jersey


  • 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...

  • Mylan, whose shares fell 14.5 percent, said it would continue its own unsolicited pursuit of Irish drugmaker Perrigo Co, a maker of over-the-counter consumer and nutritional products and generic topical medicines. Perrigo is one of the few remaining assets out there, "said Morningstar analyst Michael Waterhouse. Other industry analysts expect Mylan will...

  • Wyndham tops Street 2Q forecasts Tuesday, 28 Jul 2015 | 6:43 AM ET

    PARSIPPANY, N.J.— Wyndham Worldwide Corp. on Tuesday reported second-quarter net income of $159 million. Wyndham expects full-year earnings in the range of $4.88 to $5.03 per share, with revenue in the range of $5.45 billion to $5.55 billion. Wyndham shares have fallen almost 5 percent since the beginning of the year, while the Standard& Poor's 500 index has...

  • Innophos posts 2Q profit Monday, 27 Jul 2015 | 5:27 PM ET

    CRANBURY, N.J. _ Innophos Holdings Inc. on Monday reported second-quarter net income of $13.6 million. Innophos shares have fallen 17 percent since the beginning of the year. Keywords: Innophos Holdings, Earnings Report.

  • Clifton Bancorp posts 1Q profit Monday, 27 Jul 2015 | 4:21 PM ET

    CLIFTON, N.J. _ Clifton Bancorp Inc. on Monday reported earnings of $1.7 million in its fiscal first quarter. Clifton Bancorp shares have increased 2 percent since the beginning of the year. Keywords: Clifton Bancorp, Earnings Report.

  • J&J Snack Foods posts 3Q profit Monday, 27 Jul 2015 | 4:07 PM ET

    PENNSAUKEN, N.J. _ J&J Snack Foods Corp. on Monday reported fiscal third-quarter net income of $24.5 million. J&J Snack Foods shares have increased nearly 2 percent since the beginning of the year. Keywords: J&J Snack Foods, Earnings Report.

  • Lee Lum, 36, had pleaded guilty to wire fraud. Lee Lum was a partner in the New Jersey leasing company, which would obtain loans for its clients through a financing firm, prosecutors said. From October 2011 through May 2012, Lee Lum forged clients' signatures on loan documents and submitted them to the financing company.

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind began installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but still struggling with opposition in the United States. "Our belief is once Block Island is up and running, it will...

  • Savannah port moves a record 3.6M cargo containers Monday, 27 Jul 2015 | 1:55 PM ET

    SAVANNAH, Ga.— Buoyed in part by labor woes on the West Coast, the booming seaports in Savannah and Brunswick saw another fiscal year of record-smashing amounts of cargo moving across their docks, the Georgia Ports Authority reported Monday. Savannah benefited this past year from a labor dispute that was blamed for slowdowns at West Coast ports such as Los...

  • NEWARK, N.J.— Don't count Chris Christie out. Cory Booker, who said he believes New Jersey's Republican governor is the "most underestimated" presidential candidate in the crowded 2016 GOP field. "I think he's one of the more talented political people that are out there today," said Booker, speaking at a lunch event held by the news organization Politico in Newark.

  • ATLANTIC CITY, N.J.— A professional poker player has sued a casino that claimed he won $9.6 million by cheating at baccarat, alleging it knew about defects in the cards and then destroyed evidence. Phil Ivey and his co-defendant, Cheng Yin Sun, filed a countersuit last week against the Borgata Hotel Casino& Spa, which sued the pair last year. They demand unspecified...

  • *Study had been expected to pave way for approval in Europe. *Bellerophon shares drop as much as 63 pct, BioLineRx 20 pct. The drug, bioabsorbable cardiac matrix, was licensed from BioLineRx Ltd in 2009 after animal studies showed that it acted as a "scaffold" to support the heart wall and was likely to prevent further structural damage.

  • HACKENSACK, N.J.— A doctor who serves as mayor of a northern New Jersey town pleaded not guilty Monday to charges that he took cash bribes and other kickbacks for referring patients to a medical imaging company. West New York Mayor Felix Roque, 59, operates the Pain Relief Center medical practice. The attorney general's office alleges that between 2007 and 2012,...

  • Sun Bancorp posts 2Q profit Monday, 27 Jul 2015 | 8:54 AM ET

    MOUNT LAUREL, N.J. _ Sun Bancorp Inc. on Monday reported second-quarter net income of $2.8 million, after reporting a loss in the same period a year earlier. Sun Bancorp shares have increased almost 7 percent since the beginning of the year. Keywords: Sun Bancorp, Earnings Report.

  • Three public workers' pension funds are suing New Jersey for billions in damages, claiming the state government breached contracts when it contributed less than planned. The following is a look at the saga, which is a major political and financial issue in New Jersey for Christie, who is seeking the 2016 Republican presidential nomination.

  • Oritani posts 4Q profit Monday, 27 Jul 2015 | 8:18 AM ET

    TOWNSHIP OF WASHINGTON, N.J. _ Oritani Financial Corp. on Monday reported fiscal fourth-quarter earnings of $15 million. The Township Of Washington, New Jersey- based bank said it had earnings of 37 cents per share. The holding company for Oritani Bank posted revenue of $35.3 million in the period.