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Business & Economy

Financial consultant admits evading taxes

9-8-14
NEWARK, N.J. (AP) — Federal prosecutors say a northern New Jersey financial consultant has admitted that he evaded taxes on about $273,000 in commission payments he got from an insurance broker. John Twomey Booth, of Hoboken, now faces up to five ...
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Officials Hold Summit on Atlantic City Economic Crisis

9-8-14
Top lawmakers, local officials and union leaders met at an Atlantic City summit to discuss the economic crisis in the city. They plan to meet again in 45 days.
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Officials Worry About Economy if Military Bases Close

9-8-14
Officials say military bases are a major part of the economy in New Jersey and they're worried about the impact if they close.
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Asbury Park Business Owners Like Parking Meters

9-8-14
Business owners in Asbury Park say parking meters create turnover for parking spaces, which leads to more sales.

Christie begins Atlantic City future meeting

9-8-14
ATLANTIC CITY, N.J. (AP) — Gov. Chris Christie says Atlantic City is undergoing a natural transformation it needs to make in order to change from a gambling-only resort. Christie convened a summit meeting on the resort's future that was closed to ...

Christie: Casinos, tracks can offer sports betting

9-8-14
ATLANTIC CITY, N.J. (AP) — New Jersey Gov. Chris Christie has issued a directive allowing his state's casinos and racetracks to immediately offer sports betting without fear of criminal or civil liability. But his action is likely to be challenged ...

NJ Sandy fund prepares for final grants

9-8-14
MORRISTOWN, N.J. (AP) — The New Jersey Relief Fund is preparing for its final round of grants to Superstorm Sandy victims. The fund announced on Monday it will award $3.5 million by the end of October, two years after the storm battered the Jersey ...

Hertz Chairman and CEO Frissora steps down

9-8-14
NEW YORK (AP) — Hertz Chairman and CEO Mark Frissora has stepped down from his posts for personal reasons. The car rental company said Monday that Brian P. MacDonald, president and CEO of Hertz Equipment Rental Corp., will serve as interim CEO of ...

Christie to hold Atlantic City summit

9-8-14
ATLANTIC CITY, N.J. (AP) — New Jersey Gov. Chris Christie will convene a summit on the future of Atlantic City. Political, business and labor leaders on Monday will discuss the city's changing landscape as the casino industry suffers from ...

Hope Creek nuclear plant taken offline temporarily

9-6-14
LOWER ALLOWAYS CREEK TOWNSHIP, N.J. (AP) — A nuclear plant in southern New Jersey has been taken offline temporarily so crews can replace a piece of equipment and perform other maintenance work. The South Jersey Times (http://bit.ly/1CDbv3I) ...