Business & Economy

State delays action on Lockheed Martin tax break

TRENTON, N.J. (AP) — State economic officials have delayed action on a bid by defense contractor Lockheed Martin Corp. to get $107 million in New Jersey tax breaks for a facility in Camden. The New Jersey Economic Development Authority was due to ...

J&J hikes 2014 forecast for a third time

Johnson & Johnson is raising its 2014 earnings forecast a third time after trumping analyst expectations for its recently concluded quarter. The world's biggest maker of health care products says it now expects earnings adjusted for one-time items to ...

J&J beats Street 3Q forecasts

NEW BRUNSWICK, N.J. (AP) — Johnson & Johnson (JNJ) on Tuesday reported third-quarter earnings of $4.75 billion. J&J also raised its 2014 earnings forecast. On a per-share basis, the New Brunswick, New Jersey-based company said it had net income of ...

Judge will rule Friday on Taj Mahal casino future

WILMINGTON, Del. (AP) — A federal bankruptcy judge will decide Friday whether to terminate the union contract of Atlantic City's Taj Mahal Casino Resort, something the struggling casino says is necessary to avoid shutting down next month. U.S. ...

Rutgers Economist: NJ Needs to Reinvent the Suburbs

Dean of Rutgers Bloustein School of Public Policy James Hughes says New Jersey needs to reinvent the suburbs to provide the equivalent of urban areas in the suburbs because that's what people want.

3 hurt in blast, fire at New Jersey business

MOONACHIE, N.J. (AP) — Three people suffered concussions when an explosion and fire damaged a commercial building in northern New Jersey. The four-alarm blaze broke out around 4:30 p.m. Monday at the Crest Foam Industries building on Carol Place ...

Commuter train engineers reach deal with SEPTA

PHILADELPHIA (AP) — Engineers who operate commuter trains in the Philadelphia area have reached a tentative contract with the regional transit agency. The Brotherhood of Locomotive Engineers and Trainmen and the Southeastern Pennsylvania ...

Pier Shops latest Atlantic City discount sale

ATLANTIC CITY, N.J. (AP) — The Pier Shops at Caesars is the latest Atlantic City attraction to sell for pennies on the dollar. Philadelphia developer Bart Blatstein says he's buying the multi-level retail and entertainment pier that juts out over ...

Developer says he’s buying Pier Shops at Caesars

ATLANTIC CITY, N.J. (AP) — Philadelphia developer Bart Blatstein says he plans to buy the Pier Shops at Caesars in Atlantic City. Blatstein tells the Press of Atlantic City (http://bit.ly/1v0TGZd) on Sunday that he has an agreement to buy the ...

New Jersey gas prices still falling

TRENTON, N.J. (AP) — Motorists continue to see sharply lower prices at the pumps in New Jersey. AAA Mid-Atlantic says the average price of a gallon of regular gasoline in the state on Friday was $3.07, down 8 cents from last week. That's also lower ...