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Top News & Analysis New Jersey

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  • Urban areas where commuters endure the most extra hours Wednesday, 26 Aug 2015 | 12:01 AM ET

    Traffic congestion nationally reached a new peak last year and is greater than ever before, according to a report by the Texas A&M Transportation Institute and INRIX Inc. Their analysis is based on federal data on the number of cars on the road and on traffic speed data collected by INRIX on 1.3 million miles of urban streets and highways. 1. Washington, D.C.-...

  • NEW YORK— Republican presidential candidate Donald Trump repeated his claim Tuesday evening that he would stop eating Oreos, citing the cookie maker's decision to close a plant in Chicago and move it to Mexico. Oreo's parent company Mondelez International Inc. said last month that it decided to invest $130 million in building four new production lines at a...

  • NEW YORK, Aug 25- A man whose wife was a key figure in the recent rejection of an antitrust settlement between American Express Co and a group of retailers pleaded guilty on Tuesday to conspiring with her to defraud two New York law firms where she was a partner out of $7.8 million. Melvin Feliz, 48, of Englewood Cliffs, New Jersey, admitted to one count of conspiracy to...

  • Aug 25- Exxon Mobil Corp's $225 million settlement with the administration of New Jersey Governor Chris Christie of a longstanding environmental pollution case won approval on Tuesday from a state judge, over the objections of critics who called the accord a sellout. Judge Michael Hogan of the State Superior Court called the accord a "reasonable compromise...

  • ATLANTIC CITY, N.J.— Atlantic City's main casino workers union said Tuesday it is giving billionaire Carl Icahn "one last chance" to avoid a strike at the Taj Mahal casino by reinstating employee health and pension benefits. The union wants the restoration of health insurance and pension benefits that Trump Entertainment Resorts canceled last October after a...

  • Aug 25- Exxon Mobil Corp's controversial $225 million settlement with New Jersey of a longstanding environmental pollution case won approval on Tuesday from a state judge, despite objections from critics who viewed the accord as a sellout. Judge Michael Hogan of the State Superior Court called the accord a "reasonable compromise" even though the payout was...

  • NJ judge approves Exxon $225 mln cleanup settlement Tuesday, 25 Aug 2015 | 1:15 PM ET

    Michael Hogan, a state Superior Court judge, called the accord a "reasonable compromise," despite being far smaller than the $8.9 billion of damages that New Jersey initially estimated.

  • TRENTON, N.J.— After originally seeking $8.9 billion, New Jersey's $225 million settlement with ExxonMobil over dozens of polluted sites is a reasonable compromise considering the substantial legal risks the state faced, a judge ruled Tuesday in approving a deal that Gov. He noted that the settlement is on top of Exxon's responsibility to clean up the sites,...

  • DC regulators reject proposed merger of Exelon, Pepco Tuesday, 25 Aug 2015 | 12:34 PM ET

    WASHINGTON— Regulators in the District of Columbia rejected the proposed merger of power companies Exelon and Pepco on Tuesday, saying the deal would not benefit ratepayers. Chicago- based Exelon announced in April of 2014 that it was buying Washington, D.C.- based Pepco Holdings Inc. for $6.8 billion. "We found no benefit to District ratepayers in a new...

  • The Children's Place reports 2Q loss Tuesday, 25 Aug 2015 | 7:15 AM ET

    Three analysts surveyed by Zacks expected $381.7 million. For the current quarter ending in November, The Children's Place expects its per-share earnings to range from $1.90 to $1.96. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.97.

  • WASHINGTON— Even as anxious investors send stock prices plunging, many Americans are sounding a rather different note:. For now, the panic on Wall Street does not appear to have spread very far. "I'm certainly not panicking or looking for tall buildings," said Vincent Signorotti, 62, a San Diego- based executive for a company that builds geothermal plants in Southern...

  • NEW YORK, Aug 24- U.S. housing stocks, which have been a bright spot in this year's market, were among the hardest hit in Monday's selloff. KB Home sank 6.8 percent to $14.01, while Lennar fell 6.3 percent to $50.08 and PulteGroup dropped 6.3 percent to $19.62, leading losses among home builders. "When you get this sharp of a decline, people start to worry about...

  • WASHINGTON, Aug 24- Jostling for position in the U.S. presidential race, candidates on Monday blamed Wall Street elites, the Federal Reserve, exposure to China, and President Barack Obama's spending policies for the market contagion from China's stock-market plunge. Because China's going bad it's going to bring us down, too, because we're so heavily coupled with...

  • *Wyndham hackings caused $10.6 mln in fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cyber security, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. The FTC wants to hold Wyndham accountable for three...

  • *Chinese market falls 8 percent. Aug 24- U.S. stock indices were close to 4 percent lower in afternoon trade on Monday but held above the day's worst levels after a dramatic turnaround in shares of Apple Inc.. By 2:57 pm, the Dow Jones industrial average was down 654.14 points, or 3.97 percent, at 15,805.61.

  • *Shanghai stocks fall almost 9 pct, hurt by lack of Beijing move. *More than 1 trillion euros wiped off European stocks in August Dollar slides vs euro, yen; Treasury yields hit 4- month low. NEW YORK, Aug 24- World stock markets plunged on Monday after a near-9 percent dive in China shares and a tumble in oil prices, while U.S. stocks were on track to end the day with steep...

  • NEW YORK, Aug 24- U.S. housing stocks, which have been a bright spot in this year's market, were among the hardest hit in Monday's selloff. Among home builders, PulteGroup sank 5.7 percent to $19.74 and KB Home tumbled 5.6 percent to $14.19, suffering the biggest losses. "When you get this sharp of a decline, people start to worry about downpayments and a reassessments of...

  • ATLANTIC CITY, N.J.— Less competition has led to greater profits for most of the casinos that survived a painful shrinkage of Atlantic City's gambling market last year. In April, May and June of this year, Atlantic City collectively earned $132.1 million, compared with $103 million in the same period last year. Four of the city's 12 casinos shut down last year— the...

  • The pilot, Joseph Milo, 59, of Westhampton Beach, was killed Aug. 16 when his single-engine aircraft hit the tracks in Hicksville. The Federal Aviation Administration said the Hawker Beechcraft BE35 had departed from Westhampton Beach, on eastern Long Island, and was headed to Morristown, New Jersey. The plane crashed at a railway crossing between the Hicksville...

  • *Wyndham hackings caused $10.6 mln fraudulent charges. Aug 24- A U.S. appeals court said the Federal Trade Commission has authority to regulate corporate cybersecurity, and may pursue a lawsuit accusing hotel operator Wyndham Worldwide Corp of failing to properly safeguard consumers' information. Noting the FTC's broad authority under a 1914 law to protect...