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Business & Economy

140305Des

NJ Leads the Nation in Foreclosures

3-5-14
New Jersey has now surpassed Florida as the state with the highest number of mortgages that are more than 90 days delinquent.

NJ closes on first 8 home buyouts in South River

3-5-14
SOUTH RIVER, N.J. (AP) — New Jersey officials have completed buyouts of eight homes damaged by Superstorm Sandy in South River as its program to buy and demolish storm-prone properties continues. So far, the state has funding for 424 buyouts ...

House approves bill to ease flood insurance hikes

3-4-14
WASHINGTON (AP) — The House has approved legislation to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases. Lawmakers approved the bill, ...
140304Wanko

South Jersey Food Bank Sees High Demand After Casino Closure

3-4-14
The Community FoodBank of New Jersey's Southern Branch has seen increased demand since the Atlantic Club Casino Hotel closed in January.

Utah lawmakers kill bill raising smoking age to 21

3-4-14
SALT LAKE CITY (AP) — Utah legislators have killed a bill that could have made their state the first in the country to raise the age for legal tobacco purchases to 21. Similar measures have been introduced in a handful of other states this year, ...

Borgata, Revel fined for casino violations

3-4-14
ATLANTIC CITY, N.J. (AP) — New Jersey gambling regulators have fined two Atlantic City casinos a total of $26,500 for a series of violations including allowing underage patrons to gamble and drink, and filming a marriage proposal and broadcasting ...

Dove nixes ‘Armpit of America’ billboard in NJ

3-4-14
NEW YORK (AP) — Dove is scrapping its plans to run a billboard in New Jersey that tells residents to embrace being called "The Armpit of America." Unilever, the brand's parent company, says the billboard featuring the well-known dig at the Garden ...

Mass.-based Cumberland Farms to sell 27 stores

3-4-14
FRAMINGHAM, Mass. (AP) — The Massachusetts-based Cumberland Farms convenience store chain has reached an agreement to sell more than two dozen stores in New Jersey, Delaware and Pennsylvania. Cumberland Farms, based in Framingham, said the 27 ...
140303Duffy

Winter Storms Bust County, Town Budgets

3-3-14
The high number of storms this winter have drained county and municipal budgets for snow removal.

Hard Rock filing indicates interest in AC casino

3-3-14
ATLANTIC CITY, N.J. (AP) — The Seminole Indian tribe of Florida, through its Hard Rock franchise, has indicated a renewed interest in the Atlantic City casino market. Hard Rock, the global casino and entertainment company, asked New Jersey ...