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  • NEW YORK, Feb 4- New York City Mayor Bill de Blasio will back in his annual keynote address on Wednesday a $2.5 billion plan to create a light rail service linking the growing outer boroughs of the city that are poorly served by existing public transport networks. The 16- mile track would run from Astoria in Queens, tracing a line along the East River and New York's...

  • TRENTON, N.J.— AmerisourceBergen Corp. swung to a profit in its fiscal first quarter, thanks to a huge income tax benefit. A $541 million tax benefit enabled the company to post net income of $330.4 million, or $1.46 per share, in the October-December quarter. In the same period in 2014, the company reported a loss of $200 million, or 90 cents per share.

  • Johnson& Johnson, continuing its long quest for a Type 1 diabetes cure, is joining forces with biotech company ViaCyte to speed development of the first stem cell treatment that could fix the life-threatening hormonal disorder. They've already begun testing it in a small number of diabetic patients. ViaCyte and Johnson& Johnson's Janssen BetaLogics group...

  • Clifton Bancorp posts 3Q profit Wednesday, 3 Feb 2016 | 5:57 PM ET

    CLIFTON, N.J. _ Clifton Bancorp Inc. on Wednesday reported earnings of $1.3 million in its fiscal third quarter. Clifton Bancorp shares have decreased slightly more than 1 percent since the beginning of the year. Keywords: Clifton Bancorp, Earnings Report.

  • Monmouth reports 1Q results Wednesday, 3 Feb 2016 | 5:57 PM ET

    FREEHOLD, N.J. _ Monmouth Real Estate Investment Corp. on Wednesday reported a key measure of profitability in its fiscal first quarter. The real estate investment trust, based in Freehold, New Jersey, said it had funds from operations of $11 million, or 17 cents per share, in the period. The company said it had net income of $4.8 million, or 8 cents per share.

  • Immunomedics reports 2Q loss Wednesday, 3 Feb 2016 | 4:43 PM ET

    MORRIS PLAINS, N.J. _ Immunomedics Inc. on Wednesday reported a loss of $13.7 million in its fiscal second quarter. On a per-share basis, the Morris Plains, New Jersey- based company said it had a loss of 15 cents. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Facebook's advertising policy bans promotion of selling drugs— as well as tobacco and guns— and the medical marijuana pages weren't spared even though they have been legally allowed to operate in New Jersey since 2011.. "It's doing a real disservice to the patients of New Jersey," said Peter Rosenfeld, a board member of the Coalition for Medical Marijuana— New...

  • ALBANY, N.Y.— Rossana Rosado, the former longtime editor of the Spanish-language newspaper El Diario has been tapped to be New York state's next secretary of state. Once confirmed by the state Senate she will replace Cesar Perales in the appointed position, which oversees various state regulatory and legal functions. She is a former board member of the Port...

  • Latest: House panel seeks documents on Flint water crisis Wednesday, 3 Feb 2016 | 11:48 AM ET

    Fred Upton of Michigan and Democrat Frank Pallone of New Jersey sent letters to the Environmental Protection Agency and the Michigan Department of Environmental Quality Wednesday seeking information on Flint. The lawmakers are asking a series of questions, including details on how the two agencies are responding to the crisis and whether it is possible to...

  • Lawmakers propose bill to privatize air traffic control Wednesday, 3 Feb 2016 | 11:31 AM ET

    WASHINGTON— Responsibility for the nation's air traffic control operations would shift from the government to a private, nonprofit corporation under legislation introduced Wednesday as part of an overhaul of how Washington oversees the aviation system. The measure extends for six years the authority of the Federal Aviation Administration and...

  • 1st Constitution Bancorp posts 4Q profit Wednesday, 3 Feb 2016 | 9:32 AM ET

    CRANBURY, N.J. _ 1st Constitution Bancorp on Wednesday reported fourth-quarter earnings of $1.6 million. 1st Constitution Bancorp shares have decreased slightly more than 6 percent since the beginning of the year. Keywords: 1st Constitution Bancorp, Earnings Report.

  • Synchronoss tops Street 4Q forecasts Wednesday, 3 Feb 2016 | 8:25 AM ET

    BRIDGEWATER, N.J. _ Synchronoss Technologies Inc. on Wednesday reported fourth-quarter earnings of $5.3 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 57 cents per share. Synchronoss shares have fallen 15 percent since the beginning of the year.

  • New Jersey Resources misses 1Q profit forecasts Wednesday, 3 Feb 2016 | 7:29 AM ET

    WALL, N.J. _ New Jersey Resources Corp. on Wednesday reported fiscal first-quarter earnings of $48.6 million. New Jersey Resources expects full-year earnings to be $1.55 to $1.65 per share. New Jersey Resources shares have risen nearly 9 percent since the beginning of the year.

  • ADP beats 2Q profit forecasts Wednesday, 3 Feb 2016 | 7:11 AM ET

    ROSELAND, N.J. _ Automatic Data Processing Inc. on Wednesday reported fiscal second-quarter net income of $341.4 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 71 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Merck& Co. posted an 87 percent drop in fourth-quarter profit compared with last year when the drugmaker had a huge gain from the sale of consumer health business. It beat Wall Street profit forecasts, but came up short on revenue. "This is not business as usual, not in the U.S. and not globally," said analyst Steve Brozak, president of WBB Securities, adding, "Merck gets it."

  • Becton Dickinson beats 1Q profit forecasts Wednesday, 3 Feb 2016 | 6:15 AM ET

    FRANKLIN LAKES, N.J. _ Becton Dickinson and Co. on Wednesday reported fiscal first-quarter profit of $229 million. Becton Dickinson expects full-year earnings in the range of $9.01 to $9.08 per share. Becton Dickinson shares have fallen almost 6 percent since the beginning of the year, while the Standard& Poor's 500 index has decreased nearly 7 percent.

  • Rubio could see campaign fortunes rise from Iowa finish Wednesday, 3 Feb 2016 | 3:15 AM ET

    WASHINGTON— Marco Rubio's strong third-place finish in Iowa could sound like a starting gun to the Republican Party's top donors. Rubio, a 44- year-old Florida senator, came within striking distance of Trump's second place in Iowa, a surprising result given the celebrity businessman's dominance in polls. Rubio moves on to New Hampshire, which weighs in Tuesday,...

  • NEW YORK, Feb 3- Expectant couples planning "babymoon" vacations are increasingly steering clear of Latin America and the Caribbean amid warnings about a suspected link between a Zika virus outbreak in the region and birth defects, travel agents say. Machowsky, who is herself expecting a child and called off a planned vacation to Anguilla, said she is redirecting...

  • DIARY-Top Economic Events to Feb 16 Tuesday, 2 Feb 2016 | 7:01 PM ET

    WEDNESDAY, FEBRUARY 3 LONDON- Treasury Select Committee Hearing- The Economic and financial costs and benefits of UK's EU membership with Bank of England's Chief Executive Officer of the Prudential Regulation Authority Andrew Bailey- 1415 GMT. ROME- UK Finance Minister George Osborne and Italian Economy Minister Pier Carlo Padoan take part in a debate...

  • Heartland Payment beats Street 4Q forecasts Tuesday, 2 Feb 2016 | 5:37 PM ET

    PRINCETON, N.J. _ Heartland Payment Systems Inc. on Tuesday reported fourth-quarter net income of $22.7 million, after reporting a loss in the same period a year earlier. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of 75 cents per share. Heartland Payment shares have declined roughly 5 percent since the beginning...