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Top News & Analysis New Jersey

  • WASHINGTON— As President Donald Trump vows to "drain the swamp" in Washington, a swarm of 1,000 lobbyists, business owners and politicians traveled by train from the swamps of New Jersey on Thursday for a day of lobbying. The state Chamber of Commerce's 80th annual trip— nicknamed the "Walk to Washington" because rail riders generally pace the train's corridors...

  • MT. LAUREL, N.J. _ PHH Corp. on Wednesday reported a loss of $133 million in its fourth quarter. The Mt. Laurel, New Jersey- based company said it had a loss of $2.49 per share. For the year, the company reported that its loss widened to $202 million, or $3.77 per share.

  • NEW YORK, Feb 15- A Florida software engineer and a New Jersey pastor engaged in lies and corruption to facilitate an illegal bitcoin exchange business whose operators wanted to take over a small credit union to evade scrutiny, a federal prosecutor said on Wednesday. Attorney Won Shin told jurors that programmer Yuri Lebedev schemed with others to bribe Trevor...

  • PARSIPPANY, N.J. _ Avis Budget Group Inc. on Wednesday reported a loss of $31 million in its fourth quarter. Avis Budget expects full-year earnings in the range of $3.05 to $3.75 per share, with revenue in the range of $8.8 billion to $8.95 billion. Avis Budget shares have risen 11 percent since the beginning of the year.

  • A letter to the Ivies was penned by Brown University senior Viet Nguyen. Nguyen leads the undergraduate student government at Brown and asked student government leaders at the other seven universities to sign on. Nguyen said his letter was signed by student government leaders at Columbia College, Cornell University, Dartmouth College, Harvard College,...

  • WASHINGTON— In a story Feb. 14 about House Democrats' efforts to obtain President Donald Trump's tax returns from the IRS, The Associated Press reported erroneously that Rep. House Republicans have blocked an attempt by Democrats to use an obscure law to obtain President Donald Trump's tax returns from the IRS. WASHINGTON— House Republicans on Tuesday blocked...

  • PARSIPPANY, N.J. _ Wyndham Worldwide Corp. on Wednesday reported fourth-quarter earnings of $164 million. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.30 per share. Five analysts surveyed by Zacks expected $1.33 billion.

  • KENILWORTH, N.J.— Merck& Co. will stop its study of an experimental Alzheimer's drug in people with mild or moderate symptoms because interim results showed "virtually no chance" of any benefit. However, the drugmaker said Tuesday it will continue another study of the drug, verubecestat, in patients who don't yet show symptoms. While a few treatments temporarily...

  • ATLANTIC CITY, N.J.— Atlantic City's casinos are off to a good start in 2017, with their January gambling revenue up 7.7 percent from a year ago. Figures released Tuesday by the state Division of Gaming Enforcement show the seven casinos took $204.6 million from gamblers in January. The storm "effectively wiped out a full weekend last year" and "is one of the big...

  • CHICAGO— States are moving forward with new initiatives to help workers save for retirement, even as the Republican-led Congress tries to block rules making it easier for them to do so. "It's clear there's a retirement crisis," Illinois Treasurer Michael W. Frerichs told the small business owners. " Seven states— California, Connecticut, New Jersey, Maryland, Oregon...

  • WASHINGTON— House Republicans on Tuesday blocked an attempt by Democrats to use an obscure law to obtain President Donald Trump's tax returns from the IRS. They questioned whether Trump has any investments in Russia. Trump has said he has no investments in Russia, and Democrats acknowledged that have no evidence otherwise.

  • *Yellen to give testimony in Washington at 10:00 a.m. ET. Feb 14- U.S. stocks were little changed on Tuesday, with the "Trump rally" pausing ahead of a testimony by Federal Reserve Chair Janet Yellen that will be scrutinized for clues on the timing of the next interest rate hike. While President Donald Trump's pro-business stance sparked a record-setting rally in...

  • *Yellen to speak in Washington at 10:00 a.m. ET. Yellen starts her testimony before the Senate Banking Committee at 10:00 a.m. ET. "The market is pricing in good times ahead but the question is whether the administration is going to be able to deliver on the promises made," said Andre Bakhos, managing director at Janlyn Capital in Bernardsville, New Jersey.

  • HOLMDEL, N.J. _ Vonage Holdings Corp. on Tuesday reported fourth-quarter profit of $1,000. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share. Vonage expects full-year revenue in the range of $970 million to $985 million.

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • WASHINGTON- Federal Reserve Chair Janet Yellen to deliver her semiannual monetary testimony before the Senate Banking Committee- 1500 GMT. NEWARK, United States- Richmond Fed President Jeffrey Lacker to speak before the 2017 Economic Forecast forum hosted by the Lyons Companies and the Lerner College Center for Economic Education and Entrepreneurship-...

  • Chris Christie, governor of New Jersey,

    The two are expected to discuss opioid addiction in the U.S., among other topics.

  • PARAMUS, N.J. _ Alexander's Inc. on Monday reported a key measure of profitability in its fourth quarter. The real estate investment trust, based in Paramus, New Jersey, said it had funds from operations of $29.6 million, or $5.78 per share, in the period. The company said it had net income of $21.7 million, or $4.23 per share.

  • NEW YORK, Feb 13- A Florida software engineer and a New Jersey pastor are expected on Monday to face trial in a case stemming from an investigation into a bitcoin exchange and a data breach at JPMorgan Chase& Co.. Jury selection is set to begin in Manhattan federal court in the case of Yuri Lebedev, who authorities call the architect of bitcoin exchange Coin.mx' s...

  • As Facebook works with The Associated Press, FactCheck.org and other organizations to curb the spread of fake and misleading news on its influential network, teachers say classroom instruction can play a role in deflating the kind of "Pope endorses Trump" headlines that muddied the waters during the 2016 presidential campaign. "I think only education can...