Business & Economy

Man wins $1 million while on Rhode Island vacation

CRANSTON, R.I. (AP) — A vacation off the coast of Rhode Island has turned a man into a millionaire. The Rhode Island Lottery said Tuesday that Flemington, New Jersey, resident Thomas Mistele bought a $20 ticket for the $1,000,000 Scratch game at a ...

Firm cuts way back on NJ online earning estimate

ATLANTIC CITY, N.J. (AP) — A Wall Street firm that was among the most pessimistic about the prospects for Internet gambling in New Jersey has cut its already-conservative estimate on the state's first-year online winnings by more than half. ...

Chris Christie releases mock movie trailer

NEWARK, N.J. (AP) — Gov. Chris Christie is channeling Hollywood in his push for more cuts to state workers' benefits. The governor's office released a trailer Tuesday for a fake summer blockbuster movie titled, "No Pain. No Gain." The trailer ...

Albemarle buying Rockwood in $6.2B deal

BATON ROUGE, La. (AP) — Specialty chemicals company Albemarle is buying counterpart Rockwood Holdings Inc. in a cash-and-stock deal valued at about $6.2 billion. Rockwood shareholders will receive $50.65 in cash and 0.4803 of a share of Albemarle ...

Trump Plaza Latest Casino to Announce Closing

The Trump Plaza casino in Atlantic City plans to close. It joins Showboat and The Atlantic Club, which are also shutting their doors.

Officials Praise Tax Deal for Holtec, Critics Say It’s Too Costly

Gov. Christie and Camden Mayor Dana Redd are happy with the $260 million in tax incentives given to Holtec to come to the city, but critics say it's too costly to bring just 250 new jobs to the area.

Atlantic City casino revenue for June 2014

June 2014 revenues for Atlantic City casinos: Golden Nugget: $14.3 million, up 32.4 percent Tropicana: $25.8 million, up 22.9 percent Caesars: $28.8 million, up 12.2 percent Borgata: $48.1 million, down 0.9 percent Harrah's: $29.6 million, down 1.6 ...

Atlantic City casino revenue, minus closure, rises

ATLANTIC CITY, N.J. (AP) — Atlantic City's shell-shocked gambling market has some unexpected good news, even if it might not last long. Not counting the Atlantic Club, which closed in January, the 11 casinos that operated in both 2014 and 2013 ...

Closure notices sent to Trump Plaza workers

ATLANTIC CITY, N.J. (AP) — Job losses at Trump Plaza when the Atlantic City casino shuts down in September will be even worse than expected. Trump Entertainment Resorts began mailing notices to its workers on Monday, informing them that while a ...

SpaceX launches cluster of commercial satellites

CAPE CANAVERAL, Fla. (AP) — The SpaceX company has launched a rocket packed with communication satellites. The Falcon rocket blasted off Monday from Cape Canaveral Air Force Station. On board were six advanced satellites for the New Jersey-based ...