NJTV
NJTV News
Watch

Business & Economy

141125Schaer

Asm. Schaer: Northstar’s Performance Year One for NJ Lottery a Concern

11-25-14
State Assembly Budget Committee Chair Gary Schaer wants a review of Northstar running the New Jersey lottery.

Icahn: Taj Mahal ‘a bad investment for me’

11-25-14
ATLANTIC CITY, N.J. (AP) — Billionaire Carl Icahn says buying Atlantic City's Trump Taj Mahal casino would be "a bad investment for me." But in a letter Tuesday to the president of its main union, Icahn says he's willing to do it anyway to save ...

Trump casinos, Atlantic City agree on tax sale

11-25-14
ATLANTIC CITY, N.J. (AP) — Bankrupt Trump Entertainment Resorts and the city of Atlantic City have reached a deal to let the city collect unpaid taxes. The deal was approved Tuesday afternoon by a Delaware bankruptcy court judge. It lets the city ...

Lawmakers seek roadmap to fund transportation

11-25-14
TRENTON, N.J. (AP) — New Jersey officials are searching for a way to pay for transportation projects next year, and raising the gasoline tax is among the options being discussed. Lawmakers and advocacy groups also have suggested rededicating part ...

Ex-CFO accused of embezzling nearly $6.3 million

11-25-14
NEWARK, N.J. (AP) — Federal prosecutors say the former chief financial officer of a northern New Jersey firm embezzled nearly $6.3 million from the company. FBI agents arrested 50-year-old Gomidas Garabed Hartounian at his Franklin Lakes home on ...

NJ Transit buses, trains to cross-honor

11-25-14
NEWARK, N.J. (AP) — New Jersey Transit is offering early trains and buses for passengers who want to get an early start on their Thanksgiving holiday. NJ Transit executive director Veronique Haim says Wednesday is the commuter mass transit agency's ...

Donald Trump seeks driveway rent at ex-Plaza

11-25-14
ATLANTIC CITY, N.J. (AP) — Donald Trump is seeking to get back nearly $150,000 in rent he had to pay on a driveway leading to the now-closed Trump Plaza casino in Atlantic City. In a filing with a Delaware court hearing the bankruptcy of Trump ...

Revel fights city’s collection of back taxes

11-25-14
ATLANTIC CITY, N.J. (AP) — The former Revel Casino Hotel is trying to block Atlantic City from collecting $32 million in unpaid property taxes. The owners of the former Atlantic City casino, which closed on Sept. 2, filed an appeal Monday of a ...

2 reports say New Jersey revenue on target

11-25-14
TRENTON, N.J. (AP) — Both Gov. Chris Christie's administration and the lawmakers' budget analyst say the New Jersey's budget revenue is on track early in the fiscal year that started July 1, even though money coming in from casinos and the lottery ...

Suit alleges TGI Friday’s hid high drink prices

11-25-14
CAMDEN, N.J. (AP) — Customers in New Jersey are suing the TGI Friday's restaurant chain, claiming it didn't print drink prices in its menus so customers would not know about what they say are excessive prices. The lawsuit also asserts that the ...