Top News & Analysis New Jersey


  • *Settlement subject to approval of New Jersey federal court. Oct 9- Pfizer Inc has agreed to pay $164 million to settle a shareholder class action accusing the drug maker of misrepresenting the clinical trial results for Celebrex. The settlement was disclosed in court papers filed Friday in U.S. District Court in New Jersey.

  • *Says has agreed to $164 million settlement of securities class. action lawsuit involving its Celebrex painkiller. *Says settlement subject to approval of New Jersey federal court.

  • NJ clears way for portable gambling devices in AC Tuesday, 9 Oct 2012 | 4:12 PM ET

    ATLANTIC CITY, N.J.-- New Jersey has cleared the way for casino patrons to gamble on their iPads, smartphones and other mobile devices. Most importantly in this process was the development of regulations that provided safeguards to prevent underage gambling, and to continually ensure the integrity and security of mobile gaming in New Jersey. "

  • Trades cleared through a Nasdaq-operated trading facility sparked sharp moves in either direction in a number of seemingly unrelated stocks, including Pandora Media, Nokia and the Select Sector Financial SPDR exchange-traded fund.

  • *Growth, Greece worries stoke safety bids for bonds. The International Monetary Fund warned that the United States faces meager growth of about 2 percent this year and next and predicted the euro zone economy would shrink 0.4 percent in 2012. It downgraded its outlook on China, the world's second-largest economy.

  • NEW YORK, Oct 9- A firm that reported trades to the FINRA/NASDAQ Trade Reporting Facility is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.

  • NEW YORK, Oct 9- Securities industry watchdog FINRA is reviewing transactions in at least 10 U.S.-traded securities that saw sudden, big moves on Tuesday before resuming normal trading in the latest case of odd gyrations by stocks.

  • NJ moves to combat unemployment benefit fraud Tuesday, 9 Oct 2012 | 3:06 PM ET

    TRENTON, N.J.-- New Jersey state labor officials have taken another step to combat the theft of unemployment benefits. Officials say anti-fraud efforts over the last 18 months have saved New Jersey $153 million.

  • *Growth, Greece worries stoke safety bids for bonds. NEW YORK, Oct 9- U.S. The International Monetary Fund, one of Greece's main lenders, said in a report on Tuesday that Athens would miss the five-year debt reduction target that is a condition for the country's 130 billion euro bailout.

  • NASHVILLE, Tenn., Oct 9- A rare U.S. outbreak of fungal meningitis linked to steroid injections has claimed three more lives and New Jersey became the tenth state to report at least one case of the illness in a widening health scare, health authorities said on Tuesday.

  • Oct 9- Three more people have died from fungal meningitis linked to steroid injections, bringing the total to 11 deaths since the outbreak began last month, the Centers for Disease Control said on Tuesday. The CDC said the number of meningitis cases in the United States linked to the outbreak reached 119 on Tuesday, up 14 from Monday.

  • TREASURIES-Bonds rise before three-year note sale Tuesday, 9 Oct 2012 | 11:32 AM ET

    *Growth, Greece worries stoke safety bids for bonds. NEW YORK, Oct 9- U.S. Treasuries prices rose on Tuesday in advance of a three-year debt sale as safe-haven bids for bonds emerged on anxiety about weak global growth and Greece's ability to meet the terms of a bailout.

  • NJ asks voters to OK borrowing for campus projects Tuesday, 9 Oct 2012 | 11:09 AM ET

    The campaign has begun in earnest to try to get New Jersey voters to support a $750 million bond issue for campus construction projects at the state's colleges and universities, but it's not clear whether there's going to be any organized opposition.

  • Initiative ends break for out-of-state businesses Tuesday, 9 Oct 2012 | 10:14 AM ET

    SACRAMENTO, Calif.-- A ballot initiative funded by a billionaire hedge fund manager is asking California voters to do what Gov. Opponents argue that repealing the tax break given three years ago would make California less friendly to multistate corporations and threaten existing jobs.

  • Merck moving its global headquarters Tuesday, 9 Oct 2012 | 9:03 AM ET

    WHITEHOUSE STATION, N.J.-- The drugmaker Merck& Co. announced Tuesday that it will move its global headquarters within New Jersey as it looks to lower operating expenses and consolidate its properties. The company's headquarters are moving about 25 miles east from Whitehouse Station to another Merck site in Summit, which is about 12 miles west of New York City.

  • In close race, Obama and Romney showing confidence Tuesday, 9 Oct 2012 | 8:50 AM ET

    SAN FRANCISCO-- Exactly one month from Election Day, Republican Mitt Romney and President Barack Obama are both declaring they will win a race for the White House that remains anything but clear. Their trails are crossing again in Ohio, the state that could decide the election, and signs of urgency are emerging from each campaign.

  • *To move global headquarters within New Jersey. *Says transition process is expected to begin in 2014 and be completed in. *Says plans to move global headquarters from Whitehouse Station, n.j. to its.

  • NYSE looking into share moves in several U.S. stocks Tuesday, 9 Oct 2012 | 12:35 AM ET

    NEW YORK, Oct 9- The New York Stock Exchange said it was looking into why at least 10 U.S.-traded securities saw their shares jump or dive suddenly without any news on Tuesday, only to resume their original trading pattern.

  • Matrixx Initiatives raises ProPhase buyout offer Tuesday, 9 Oct 2012 | 12:30 AM ET

    SKILLMAN, N.J.-- Matrixx Initiatives boosted its offer for Cold-EEZE maker ProPhase Labs to approximately $23.7 million. ProPhase Labs Inc. currently has about 14.8 million outstanding shares, according to FactSet.

  • U.S. ports are expected to handle 1.45 million 20- foot Equivalent Units in October, up 9.9 percent from the year-earlier period, according to the monthly Global Port Tracker report by the National Retail Federation and Hackett Associates.