Archive for the ‘NJ Business’ Category

Business owners hope to see tax loophole closed

Ed Varty wants this to be the last holiday shopping season he spends envying online retailers who don’t collect 7 percent sales tax from their New Jersey customers. New Jersey Business

Restaurants tally losses from storm, start construction and plan reopenings

There’s one small piece of good news at the Hunan Taste in Denville. The koi they keep in an outdoor pond weren’t washed away by the Rockaway River, thanks to a loose net they keep over them. New Jersey Business

Consumer spending climbs more in July than forecast

Consumer spending climbed more than forecast in July as Americans dipped into savings to buy cars and cool their homes, showing the biggest part of the economy is holding up. New Jersey Business

Jaffe: new internet currency Bitcoin grows in popularity

The Bitcoin system is run by the people who use it, a big enticement for the people just hearing about it and thinking of taking the plunge; there are no government officials to step in and mess things up, just the masses purportedly about to make Bitcoin a worldwide market force. New Jersey Business

Stocks up on hopes for a worldwide economic recovery

U.S. stocks rose, extending the first weekly gain since July for the Standard & Poor’s 500 Index, amid optimism the global economy will recover. New Jersey Business

Solar panels for homeowners, without much money down

Now, several companies are offering complicated financing arrangements to get homeowners solar panels with long-term lease deals—in some cases even with little or no money down. New Jersey Business

Jeweler Tiffany & Co. jumps $5.90 in NYSE, growing 11 percent this year

Tiffany & Co., the world’s second- largest luxury jewelry retailer, rose the most in two years after raising its full-year earnings forecast, helped by price increases and sales in the Asia-Pacific region. New Jersey Business

Hurricane Irene losses already reach $1.1B, firm estimates

Irene caused as much as $ 1.1 billion in insured losses in the Caribbean, much of that from wind damage and flooding to residences, businesses and cars, according to disaster modeling firm AIR Worldwide. New Jersey Business

MetLife Stadium naming deal official for Meadowlands home of Giants, Jets

It’s more than just a deal: the 25-year pact establishing the Giants and Jets home in the Meadowlands as MetLife Stadium indicates healthier prospects for sports sponsorships and the economy at large, marketing experts say. New Jersey Business

Apple CEO Steve Jobs resigns

EPA/JOHN G. MABANGLOA file photograph from January 2007 shows Apple Inc. CEO and co-founder Steve Jobs with the new Apple iPhone after his keynote at the Macworld Expo in San Francisco. SAN FRANCISCO — Steve Jobs, the mind behind… New Jersey Business