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Top News & Analysis New Jersey


  • Aging Amtrak tunnel is a reminder of a crumbling US Wednesday, 29 Jul 2015 | 7:00 AM ET
    Penn Station, New York.

    A 105-year-old Hudson River tunnel underscores how funding for capital improvements has been starved for years.

  • Belgium's Solvay to buy US Cytec for $5.5 billion Wednesday, 29 Jul 2015 | 4:55 AM ET

    BRUSSELS— Belgium's chemical group Solvay has announced it will buy U.S.-based Cytec for $5.5 billion, making it the second biggest company in the aerospace composite materials market. In Wednesday's announcement, CEO Jean-Pierre Clamadieu said that the proposed acquisition "marks a major step change in Solvay's portfolio upgrade" to expand into the...

  • OCEAN GATE, N.J.— An environmental group took a major step on Wednesday toward re-establishing an oyster colony in Barnegat Bay. The American Littoral Society held a send-off party in Ocean Gate for thousands of oyster spat, or seedlings, which were taken by boat to an artificial reef about a quarter-mile off a section of Berkeley Township called Good Luck Point.

  • Ocean Shore Holding posts 2Q profit Tuesday, 28 Jul 2015 | 7:21 PM ET

    OCEAN CITY, N.J. _ Ocean Shore Holding Co. on Tuesday reported second-quarter net income of $1.7 million. Ocean Shore Holding shares have climbed 3 percent since the beginning of the year. Keywords: Ocean Shore Holding, Earnings Report.

  • Peapack-Gladstone posts 2Q profit Tuesday, 28 Jul 2015 | 7:21 PM ET

    BEDMINSTER, N.J. _ Peapack-Gladstone Financial Corp. on Tuesday reported second-quarter net income of $5.2 million. The bank, based in Bedminster, New Jersey, said it had earnings of 34 cents per share. Peapack- Gladstone shares have climbed 17 percent since the beginning of the year.

  • Verisk tops Street 2Q forecasts Tuesday, 28 Jul 2015 | 4:45 PM ET

    JERSEY CITY, N.J. _ Verisk Analytics Inc. on Tuesday reported second-quarter profit of $163.3 million. The average estimate of 12 analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. Seven analysts surveyed by Zacks expected $486.8 million.

  • The ruling by the U.S. Court of Appeals for the District of Columbia Circuit orders the EPA to redo sulfur-dioxide and nitrogen-oxide standards for 13 states, mostly in the South and Midwest, that contribute to soot and smog along the East Coast. The April 2014 ruling was an important victory for the Obama administration and capped a decades-long effort by the...

  • 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...