Business & Economy

Perelman loses Hudson News founder inheritance bid

HACKENSACK, N.J. (AP) — A New Jersey judge has rejected a bid by the daughter of billionaire Revlon chairman Ronald Perelman to receive a larger slice of an inheritance from the estate of her grandfather who founded the Hudson News newsstands ...

Judge Rules Christie Can Cut $900M from Pension Payment

Judge Mary Jacobson ruled that Gov. Christie can cut $900 million from this year's payment into the state pension plans.

Supreme Court Ruling Doesn’t Stop Effort to Get Sports Betting in NJ

Despite the Supreme Court's refusal to legalize sports betting in New Jersey, Sen. Lesniak has introduced a bill that would allow the practice only at racetracks and casinos.

S&P Director: NJ Has Lower Than Average Funded Pension Plan

S&P Managing Director of Public Finance Ratings Robin Prunty says New Jersey isn't at the bottom of the list, but it has a lower than average funded pension system.

Fair Lawn Company Uses Ice to Cool Buildings

CALMAC creates ice at night and uses it during the day to cool buildings to save money since the highest electricity costs occur during the day.

Deal reached to finish 3 World Trade Center tower

JERSEY CITY, N.J. (AP) — An agreement has been reached to pay for the completion of the stalled 3 World Trade Center project. The Port Authority of New York and New Jersey on Wednesday approved a deal with developer Larry Silverstein after months ...

Free Wi-Fi approved at New York City’s airports

NEWARK, N.J. (AP) — Free Wi-Fi is coming to the New York City metro area's major airports. The Port Authority of New York and New Jersey on Wednesday approved a plan to offer free access at Newark Liberty International, John F. Kennedy ...

Judge: New Jersey can cut pension payment

TRENTON, N.J. (AP) — A New Jersey judge has ruled that Gov. Chris Christie's administration can follow through with its plan to reduce its contributions to public workers' pension funds. A group of unions that had been suing to try to force the ...

Christie vows to veto tax hikes at town hall

HADDON HEIGHTS, N.J. (AP) — Gov. Chris Christie is vowing to veto a package of tax hikes being pushed by Democrats to fill New Jersey's gaping budget hole. Speaking Wednesday in Haddon Heights at his 122nd town hall-style event, Christie said ...

Business Leaders Oppose Democrats’ Tax Hike Proposal

About 30 business leaders gathered at the State House to express their opposition to Democrats' proposal to increase taxes on businesses to balance the state budget.