Business & Economy


Toms River Tent Community Draws Complaints

Residents of an apartment complex near a tent community in Toms River worry about having homeless in that living situation nearby.

Management Could Become Eligible for Overtime Pay

President Obama has proposed changes to the rules of overtime pay, sparking conversation in New Jersey. Currently workers earning more than $455 per week aren't entitled to overtime nor are those who are classified as management.

Labor Commissioner: 48 Percent of Private Sector Jobs Recovered

New Jersey Department of Labor and Workforce Development Commissioner Harold Wirths said that the State Jobs Report showed 48 percent of private sector jobs lost have been recovered.

Lawsuit seeks to end NCAA’s ‘unlawful cartel’

NEWARK, N.J. (AP) — A new federal lawsuit claims the National Collegiate Athletic Association should allow college football and basketball players to get some of the money they make for their schools. The suit filed Monday in Newark comes on the ...

NJ eyes ban on fracking waste from any state

TRENTON, N.J. (AP) — New Jersey lawmakers are considering a ban on treating or storing waste products created by hydraulic fracturing operations in the natural gas exploration industry. A state Senate committee advanced a bill on Monday that would ...

NJ unemployment rate falls to 7.1 percent

TRENTON, N.J. (AP) — Revised federal data suggests New Jersey's unemployment rate declined more gradually last year than previously reported. A report using numbers collected by the federal government was issued Monday by the state Labor ...

Man admits role in $40.8M mortgage loan fraud

CAMDEN, N.J. (AP) — Federal prosecutors say a southern New Jersey has admitted his role in a $40.8 million mortgage fraud conspiracy. Robert Serao faces up to 30 years in prison and a $1 million fine when he's sentenced June 24. The 48-year-old ...

Jersey shore rentals slow in 2nd post-Sandy season

TOMS RIVER, N.J. (AP) — Summer rentals in some of the Jersey shore spots hit by Superstorm Sandy are still available because of a market that's developing more slowly than usual this year. Factors include a bothersome project to rebuild a state ...

Democrats accuse Christie of trying to raise taxes

New Jersey Democrats are accusing Republican Gov. Chris Christie of trying to create new taxes, for a change. The governor's $34.4 billion budget proposal calls for imposing a tobacco tax on e-cigarettes for the first time and making out-of-state ...

AAA Mid-Atlantic: NJ gas prices down slightly

TRENTON, N.J. (AP) — Motorists are seeing slightly lower prices at the pumps in New Jersey. AAA Mid-Atlantic says the average price of a gallon of regular gasoline in the state on Friday was $3.38, down a penny from last week. That's also lower ...