Business & Economy

Merck Q4 net drops 14 pct. on generic competition

Merck & Co.'s fourth-quarter profit dropped 14 percent, with its aggressive cost cutting not enough to offset restructuring charges, generic competition to former blockbuster medicines and unfavorable currency exchange rates. Results just missed Wall ...

Delays easing on NJ Transit trains

TRENTON, N.J. (AP) — Service has resumed on New Jersey Transit's Northeast Corridor and North Jersey Coast Line trains. Trains were suspended nearly three hours Wednesday because of ice on overhead power lines had created a dangerous situation. All ...

North NJ woman admits role in mortgage fraud

NEWARK, N.J. (AP) — Federal prosecutors say a northern New Jersey woman has admitted her role in a large-scale mortgage fraud scheme that caused millions of dollars in losses. Klary Arcentales of Lyndhurst pleaded guilty Tuesday to conspiracy to ...

Newark Airport Workers Want Pay Hike Like NY Counterparts

Airport workers at Newark Liberty are upset that they are not getting a wage increase from the Port Authority like those at LaGuardia and JFK.

Mack-Cali co-founder, John Cali, dies at 95

EDISON, N.J. (AP) — The co-founder of one of the nation's largest real estate investment trusts has died. He was 95. Edison-based Mack-Cali Realty Co. announced Tuesday that John Cali died on Saturday. A cause of death was not disclosed. Cali ...

Bally’s fined $17,500 in underage drinking case

ATLANTIC CITY, N.J. (AP) — An Atlantic City casino will pay $17,500 for letting two teenagers drink so much one night last summer that an ambulance had to be called for one of them. The state Gaming Enforcement Division imposed the fine on Bally's ...

Atlantic City Boat Show to open

ATLANTIC CITY, N.J. (AP) — Organizers are optimistic as the Atlantic City Boat Show prepares to open. Officials are expecting an increase of 15 percent in attendance over the 32,000 who visited the show last year. Show manager Jon Pritko tells ...

Christie to speak at Chicago economic club Feb. 11

New Jersey Gov. Chris Christie is take questions next week at a prestigious Chicago economic group meeting during a fundraising trip to Illinois. Group representatives told The Associated Press about the trip Monday. Christie is to speak to the ...

NJ OKs Wynn for online gambling deal with Caesars

ATLANTIC CITY, N.J. (AP) — He's been approved to conduct Internet gambling in New Jersey, but casino magnate Steve Wynn isn't sure he'll actually do it. New Jersey's Division of Gaming Enforcement granted Wynn Interactive authority last month to ...

Canada approves Merck grass allergy immunotherapy

WHITEHOUSE STATION, N.J. (AP) — Merck & Co. says it's won its first approval for its new immunotherapy tablet for grass allergies, from regulators in Canada. The drug, called Grastek, gradually reduced allergic reactions to grass pollen, by ...