MADISON, N.J.-- Medical laboratory operator Quest Diagnostics Inc. said Thursday it will cut 400 to 600 management positions and reorganize its business. Quest expects to take $15 million to $20 million in charges associated with the restructuring and job cuts.
WASHINGTON, Oct 11- U.S. health authorities said on Thursday that more people than previously thought received possibly tainted steroid injections and that some 14,000 patients could be at risk of contracting meningitis in an unprecedented outbreak of the disease.
All of the companies _ Realogy, the owner of realty firms Century 21, Coldwell Banker and Corcoran Group; online stock photo provider Shutterstock; Kythera, a developer of shots to treat double chins; and Intercept Pharmaceuticals, which develops drugs for liver diseases _ garnered strong demand from investors.
TRENTON, N.J.-- New Jersey lawmakers have approved bills that allow the use of portable betting devices at horse racing tracks, and allow lottery winners to remain anonymous for a year. A state Senate committee Thursday approved a measure allowing betting on wireless devices at race tracks.
NEW CASTLE, Pa.-- A New Jersey firm has plans to build a 900 megawatt, $750 million natural gas-fired power plant in western Pennsylvania. LS Power, which has offices in East Brunswick, N.J. and St. Louis says the plant in North Beaver Township, Lawrence County, will be fueled from gas drawn from a pipeline out of Tennessee.
LITTLE FALLS, N.J.-- Cantel Medical Corp. said Thursday its net income more than doubled in the fiscal fourth quarter, helped by a tax benefit and stronger results from its endoscopy and water filtration units. Cantel, which anti-infection equipment for hospitals, said it earned $9.6 million, or 35 cents per share, in the three months ended July 31.
NEW YORK-- Shares of real estate services provider Realogy, whose brands include Century 21, Coldwell Banker and The Corcoran Group, soared more than 25 percent in their first day of trading on the New York Stock Exchange. Realogy Holdings Corp. said its IPO of 40 million shares priced at $27 per share, at the high end of the projected range of $23 to $27 per share.
TRENTON, N.J.-- New Jersey lawmakers are considering bills that would allow the use of portable betting devices at horse racing tracks, and allow lottery winners to remain anonymous for a year. A state Senate committee is due to consider a measure allowing betting on wireless devices at race tracks.
Celgene edged higher before markets opened Thursday, a day after the drug developer's stock slid on the release of a report in Europe regarding its cancer treatment Revlimid. Celgene recorded $934 million in revenue from Revlimid in the second quarter, a 17 percent increase compared to last year, driven in part by market share gains and a geographic expansion.
NEW YORK, Oct 11- The number of Americans filing new claims for unemployment benefits fell sharply last week to the lowest level in more than four and a half years, according government data on Thursday that suggested improvement in the labor market. DOUG BRAIN, ECONOMIST, STONE& MCCARTHY RESEARCH ASSOCIATES, PRINCETON, NEW JERSEY.
It was the second-consecutive monthly decline in filings, although there remains a sharp divergence along state lines, according to a report Thursday by foreclosure listing firm RealtyTrac Inc..
*Lawmakers seek tighter regulation of compounding companies* Outbreak has sickened 138 people in 11 states, killed 12* Senator Brown to return contributions from NECC owners By Tim McLaughlin and Toni Clarke.
By Tim McLaughlin and Toni Clarke. BOSTON, Oct 10- A Massachusetts specialist pharmacy linked to a company at the center of a major health scare closed temporarily on Wednesday and a state regulator clamped down on such operations in the wake of a meningitis outbreak that has claimed a dozen lives.
--The Carlyle Group is acquiring Landmark Aviation for $625 million, funded mostly with debt. --We are assigning our' B-' corporate credit rating to LM U.S. Member LLC. On Oct. 10, 2012, Standard& Poor's Ratings Services assigned its' B-' corporate credit rating to LM U.S. Member LLC (along with co-borrower LM U.S. Corp Acquisition Inc.).
Oct 10- Real estate services company Realogy Holdings Corp priced its initial public offering at $27 a share on Wednesday, at the top of its expected range, an underwriter said. raised $1.1 billion by pricing 40 million shares as planned, making it the third largest IPO in the United States this year behind Facebook and Santander Mexico Financial Group.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
Those wildly contrasting conclusions were offered to the New Jersey Sports and Exposition Authority on Wednesday by the two warring parties in the bitter dispute, the New York Giants and Triple Five Group, the developer that took over the troubled project last year.
NASHVILLE, Tenn., Oct 10- Pressure mounted for greater regulation of a little known corner of the pharmaceuticals industry in response to a meningitis scare that widened to 11 states on Wednesday with the first case confirmed in Idaho.
NEW YORK-- The fall TV season has claimed its first victim: the CBS series "Made in Jersey." CBS announced Wednesday the legal drama had been pulled from the Friday lineup after just two airings. The network, which is part of CBS Corp., is replacing it with the fourth season of the reality series "Undercover Boss," starting Nov. 2.
Carmen Wilkerson ran for mayor of St. George with one clear goal in mind for the tiny Missouri town: Get rid of it. In 2008, St. George _ known as a local speed trap _ had spent $200,000 more than it took into its coffers, according to county records. In its budget woes, St. George is far from alone.