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Top News & Analysis New Jersey

  • Oct 9- U.S. stocks looked set to resume their recent rally on rising optimism over President Donald Trump's proposed tax overhaul. Hopes of tax reforms brightened after the Republican-controlled U.S. House of Representatives on Thursday approved a fiscal 2018 spending blueprint to help them advance an eventual tax bill. "It appears that we have some investors...

  • Oct 9- With a businessman turned politician now in the Oval Office, a small but growing number of bankers and Wall Street financiers across the United States have set their sights on politics. In New Jersey, Connecticut and California, former bankers, hedge fund managers and private equity executives have either announced bids for legislative and...

  • Oct 9- With a businessman turned politician now in the Oval Office, a small but growing number of bankers and Wall Street financiers across the United States have set their sights on politics. In New Jersey, Connecticut and California, former bankers, hedge fund managers and private equity executives have either announced bids for legislative and...

  • Oct 8- Honeywell International Inc plans to spin off non-core assets and create at least two new publicly listed companies, as the U.S. industrial conglomerate seeks to streamline its business, according to people familiar with the matter. The move would represent the first major shakeup at the Morris Plains, New Jersey- based company since Darius Adamczyk...

  • NEWARK, N.J.— New Jersey's largest city sued several opioid manufacturers, claiming they engaged in deceptive advertising practices and made false claims that "created a public nuisance" and unjustly enriched the companies. Newark Mayor Ras Baraka announced the lawsuit seeking unspecified monetary damages on Friday. According to the lawsuit, the majority of...

  • WASHINGTON, Oct 6- Disagreement among U.S. congressional Republicans is already swirling around a tax cut plan unveiled days ago by President Donald Trump, who has proposed repealing the tax on inheritances and eliminating a deduction for state and local tax payments. This task has defied Washington since 1986, the last time a comprehensive rewrite was...

  • Oct 6- Wall Street looked set to open lower on Friday after a report showed U.S. employment fell in September for the first time in seven years as Hurricanes Harvey and Irma left displaced workers temporarily unemployed and delayed hiring. The Labor Department's closely watched employment report showed nonfarm payrolls decreased by 33,000 jobs last month,...

  • SPRINGFIELD, N.J. _ Village Super Market Inc. on Friday reported fiscal fourth-quarter net income of $6.8 million. The Springfield, New Jersey- based company said it had profit of 47 cents per share. Village Super Market shares have decreased 17 percent since the beginning of the year.

  • SECAUCUS, N.J. _ Eros International PLC on Friday reported a fiscal first-quarter loss of $1.3 million, after reporting a profit in the same period a year earlier. The Secaucus, New Jersey- based company said it had a loss of 2 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, Oct 6- Disagreement among U.S. congressional Republicans is already swirling around a tax cut plan unveiled days ago by President Donald Trump, with disputes over proposals to repeal a deduction for state and local tax payments and repeal the tax on inheritances. Republican lawmakers from high-tax states such as New York exited meetings this week...

  • That's especially so in the Senate, where the Budget Committee on Thursday gave party-line approval to a companion plan. The House measure, passed by a near party-line vote of 219-206, calls for more than $5 trillion in spending cuts over the coming decade, promising to slash Medicaid by about $1 trillion over the next 10 years, cutting other health care costs, and...

  • U.S. Customs and Border Protection says it is ready to block U.S. imports of seafood— as well as any other goods— produced by North Korean laborers who work in China. This means that American consumers buying seafood labeled "Caught in the USA, Processed in China" may inadvertently be subsidizing the government of Kim Jong Un as it builds nuclear weapons, and also...

  • U.S. Customs and Border Protection says it is ready to block U.S. imports of seafood— as well as any other goods— produced by North Korean laborers who work in China. This means that American consumers buying seafood labeled "Caught in the USA, Processed in China" may inadvertently be subsidizing the government of Kim Jong Un as it builds nuclear weapons, and also...

  • LOS ANGELES, Oct 5- Walt Disney Co and cable operator Altice USA have finalized a new multiyear programming agreement that keeps ESPN and other networks in millions of New York- area households, the companies said on Thursday. In August 2019, it will start carrying the ACC Network and drop one of the other ESPN channels, the statement said. Optimum has 3.1 million...

  • WILMINGTON, Del., Oct 5- The operating unit of. with Caesars Acquisition Corp and other affiliates, and. Ownership structure of the new Caesars Entertainment Corp:- 59.2 percent owned by creditors of Caesars Entertainment Operating Co- 32.1 percent owned by shareholders of Caesars Acquisition Corp- 8.7 percent owned by shareholders of Caesars Entertainment...

  • TRENTON, N.J.— A lawsuit accusing restaurant chain TGI Friday's violated consumer fraud laws with its drink pricing can't go ahead as a class action that could have included millions of members, but a similar case involving Carrabba's Italian Grill restaurants can, New Jersey's state Supreme Court ruled Wednesday. Debra Dugan sued TGI Friday's after she was...

  • BOSTON— The Latest on lawsuits against Insys Therapeutics Inc.:. New Jersey Attorney General Christopher Porrino said that "the conduct alleged in our lawsuit is nothing short of evil." Arizona sued Insys in August, and Illinois reached a $4.5 million settlement with the company.

  • BOSTON, Oct 5- New Jersey on Thursday accused Insys Therapeutics Inc of engaging in a fraudulent scheme to boost sales of a fentanyl-based cancer pain drug, as Massachusetts announced a $500,000 settlement with the drugmaker to resolve similar allegations. The lawsuit by New Jersey Attorney General Christopher Porrino accused Insys of illegally directing...

  • TRENTON, N.J.— A drug company that makes a powerful fentanyl painkiller spray has engaged in conduct that is "nothing short of evil," New Jersey's attorney general said Thursday after the state became the latest to file a lawsuit against the firm. Meanwhile, Massachusetts Attorney General Maura Healey announced a $500,000 settlement with the company on Thursday...

  • NEW JERSEY SEPARATELY ANNOUNCES LAWSUIT AGAINST INSYS ACCUSING IT OF CONSUMER FRAUD.