Archive for the ‘NJ Business’ Category

Stocks edge lower as investors await Bernanke comments on Fed policy

The U.S. central bank will release its latest policy update at 2 p.m. Fed chairman Ben Bernanke will speak at a press conference thirty minutes later. New Jersey Business

Survey finds N.J. residents support strong government oversight of utility industry

The AARP survey, released this morning, shows residents are concerned about rising electricity prices and believe utilities should be accountable if they fail to provide reliable service New Jersey Business

N.Y., North Jersey manufacturers feeling more optimism, despite drop in orders

The Federal Reserve Bank of New York’s general economic gauge, known as the Empire State index, climbed in June to its highest reading since March. New Jersey Business

Casting for customers: N.J. party, charter boats see slow start to summer season after Sandy

Rosters maintained by the state show the charter and party boat fleet held steady despite the damage Hurricane Sandy left at harbors and marinas along the coast, but captains say what they’re seeing at the docks tells a different story New Jersey Business

Atlantic City casinos looking for online partners ahead of internet gambling

Atlantic City’s 12 casinos have until June 30 to arrange internet gambling deals New Jersey Business

Johnson & Johnson unloads Elan shares, ending bond formed before Alzheimer’s drug failed

J&J, based in New Brunswick, bought an 18 percent stake in the Irish biotechnology company for $ 1 billion in 2009 and took over bapineuzumab’s development New Jersey Business

Wall Street ends day down, hitting year’s first three-day losing streak

Without any good news to drive the market up, investors grappled with the question hanging over financial markets: When will the Federal Reserve and other central banks pull back their economic stimulus programs? New Jersey Business

NYSE chief Niederauer praises U.S. economy, urges small business lending in Newark visit

The head of the stock exchange most synonymous with Wall Street gave an enthusiastic thumbs-up to the U.S. economy today, but said the market needs to do more to help small businesses and start-ups expand and create new jobs. New Jersey Business

Former Bristol-Myers Squibb exec admits to insider trading

Robert Ramnarine, 46, of East Brunswick, faces up to 20 years in federal prison and a $ 5 million fine when he is sentenced New Jersey Business

Bamboozled: A Payne-ful overdue bill, plus, the latest on the Superstorm Sandy summit sponsor

A small businessman says U.S. Rep Donald Payne Jr. (D-10th Dist.) owes his business money, and, the latest on the Superstorm Sandy summit organizer. New Jersey Business