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Top News & Analysis New Jersey

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  • NEW YORK— The Hudson River is 1,500 yards wide where it flows between Manhattan and Weehawken, New Jersey, but it can feel like 150 miles for the hordes of commuters who make the crossing via a pair of century-old rail tunnels that constitute one of the worst transportation bottlenecks in America. Victoria Perrin, who commutes to a human resources job from...

  • As part of the three-day visit, senior U.S. and Indian naval officers visited the shipyard in Newport News, Virginia, where Huntington Ingalls Industries Inc is building the USS Gerald R. Ford, the first in a new class of aircraft carriers, according to Navy spokeswoman Colleen O'Rourke and Huntington Ingalls spokeswoman Beci Brenton. The group also met with...

  • NEW YORK, Aug 20- A former investment adviser at JPMorgan Chase& Co is expected to plead guilty in September, after federal prosecutors in New York charged him with taking at least $22 million out of client accounts to use for his own purposes. Oppenheim was arrested at his New Jersey home in April and has been allowed to remain free on a $1 million bond and under...

  • ATLANTIC CITY, N.J.— An Atlantic City piano-tuner doesn't have to abandon the three-story brick home a New Jersey state agency wants to take from him until officials can provide reasonable assurances they will follow through with redeveloping the land, a state judge ruled Wednesday. Citing Atlantic City's struggling financial condition, Superior Court...

  • Despite the excitement, the drug's two manufacturers— Eli Lilly and Co. of Indianapolis and German partner Boehringer Ingelheim GmbH— have announced only that a three-year study they conducted showed the drug delayed the time until patients died of cardiovascular disease or suffered a heart attack or stroke. That brief summary, known as the top-line result,...

  • New Jersey unemployment rate drops to 5.9 percent Thursday, 20 Aug 2015 | 11:57 AM ET

    TRENTON, N.J.— New Jersey's July unemployment rate fell to its lowest level since September 2008 to 5.9 percent. Despite the lower rate New Jersey's economy contracted by almost 14,000 jobs in July. New Jersey's labor participation rate also dropped slightly in July to 63.9 percent, down from 64.1 percent in June.

  • Flamboyant Trump evolved into cautious businessman Thursday, 20 Aug 2015 | 11:42 AM ET

    NEW YORK— Donald Trump sells himself as a bold empire builder, the kind of businessman who could force through big changes in Washington as president. But that's not his money, "says Don Peebles, a real estate developer who oversees a $5 billion real estate portfolio. In the past decade, Trump has struck deals to put his name on at least a dozen properties built and...

  • WASHINGTON, Aug 20- U.S. home resales rose to a near 8-1/ 2- year high in July and factory activity in the mid-Atlantic region picked up this month, fresh signs of steady economic growth that likely keeps the Federal Reserve on track to raise interest rates this year. "We continue to expect both economic growth and labor market activity to continue shifting higher,...

  • Philly Fed factory activity picks up in August Thursday, 20 Aug 2015 | 10:14 AM ET

    NEW YORK, Aug 20- Factory activity in the U.S. mid-Atlantic region expanded in August at a faster pace than expected, a survey showed on Thursday. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware. It is seen as one of the first monthly indicators of the health of U.S. manufacturing, leading up to the national report by the...

  • NEW YORK, Aug 18- A 6.0 percent tumble in Chinese shares on Tuesday, and weak earnings from Wal-Mart pressured U.S. stocks and copper prices saw six year lows. Chinese stocks earlier plunged on concerns that companies may pull more money out of China as economic growth slows, lowering earnings for U.S. and European companies dependent on revenue from China.

  • U.S. consumers have $1 trillion of automobile loans outstanding, up from about $700 billion in the first quarter of 2010, according to data from the New York Federal Reserve. The fourth-largest U.S. bank has 56 branches for car and dealer financing, including one it recently opened in Cherry Hill, New Jersey, said Dawn Martin Harp, head of dealer services.

  • *Wal-Mart drops to 2-1/ 2 year low after weak results. Aug 18- U.S. stocks fell on Tuesday, with the S&P 500 trading in its tightest daily range in nearly a month, weighed down by earnings-related selling in Wal-Mart and a drop in commodity stocks on concerns about China's economy. Wal-Mart fell 3.4 percent to close at $69.48, its lowest in nearly 2-1/ 2 years, after its...

  • NEW YORK, Aug 18- A 6 percent tumble in Chinese shares on Tuesday and soft earnings from Wal-Mart held U.S. equities in check while copper touched multi-year lows. Wal-Mart Stores Inc fell 3.4 percent to $69.48, the biggest drag on both the Dow and S&P 500, after reporting weaker-than-expected quarterly earnings and lowering its full-year forecast.

  • The new transmission lines Tuesday, 18 Aug 2015 | 2:09 PM ET
    The new transmission lines

    CNBC's Jackie DeAngelis reports on the need for power grid upgrades.

  • NEW YORK, Aug 18- A 6 percent tumble in Chinese shares on Tuesday and disappointing earnings from Wal-Mart dented U.S. equities while copper and oil prices touched multi-year lows. Wal-Mart Stores Inc fell 3.2 percent to $69.63 as the biggest drag on the Dow after the major retailer reported weaker-than-expected quarterly earnings and lowered its full-year...

  • Christie, feds to discuss new Hudson rail tunnel Tuesday, 18 Aug 2015 | 10:00 AM ET
    A man walks to board an Amtrak train in Penn Station in New York City.

    Gov. Chris Christie is scheduled to meet with federal transportation officials to discuss how to pay for a new rail tunnel under the Hudson River.

  • The big splash came when Netflix Inc announced on Aug. 4 that it would start offering new parents up to a year of paid leave. Not bad, considering paid maternity leave in the United States is usually about 30 days, according to Mary Tavarozzi, a senior consultant with benefit consultant group Towers Watson. On the heels of Netflix's announcement, a number of other...

  • *Would be blow to key exporters Malaysia, Indonesia. NEW DELHI, Aug 18- India plans to spend $1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade. A successful Indian push into palm...

  • But this week, following the nearly 3 percent devaluation in China's currency and a steepening decline in oil prices, it narrowed to its tightest in more than a month. Strategists at Bank of America/Merrill Lynch said in client notes in the past week that China's move may be the early stages of a near 10 percent devaluation of the yuan against the U.S. dollar over...

  • Most big casino stocks suffering, but not this one Friday, 14 Aug 2015 | 2:33 PM ET
    Guests playing a slot machine at the Plainridge Park Casino in Massachusetts.

    Investing in gambling? Shares of PENN, a domestic casino company on the move, stand out with the rest of the industry in flux.