NJTV News with Mike Schneider

Business & Economy

Moody’s lowers NJ credit outlook

TRENTON, N.J. (AP) — A major credit rating agency has lowered the outlook for New Jersey to negative from stable, in part because tax collections are behind expectations due to a sluggish economic recovery. Moody's Investor Service announced the ...

NJ sues Credit Suisse over mortgage securities

TRENTON, N.J. (AP) — The state of New Jersey is accusing Credit Suisse Securities and two affiliates of misrepresenting the risks involved in the sale of more than $10 billion in residential mortgage-backed securities. In a lawsuit filed Wednesday, ...

Officials: Water service restored in Jersey City

JERSEY CITY, N.J. (AP) — Jersey City officials say a major water main break that affected service there for several hours has been repaired. Authorities said water pressure had risen to appropriate levels by late Wednesday afternoon and service had ...

Day 2 of Atlantic Club auction ends without winner

ATLANTIC CITY, N.J. (AP) — The second day of a bankruptcy auction for a struggling Atlantic City casino has ended without a buyer emerging. Talks to find a new owner for The Atlantic Club Casino Hotel ended Wednesday and will continue. A schedule ...

Judge: Wal-Mart not at fault for racial comments

CAMDEN, N.J. (AP) — A New Jersey man is trying to get a lawsuit against Wal-Mart reinstated for damages he says he suffered after a teenager hijacked a store intercom and announced that "all black people must leave the store." A federal judge in ...

Disabled train caused NJ Transit delays

NEWARK, N.J. (AP) — New Jersey Transit trains heading in and out of New York City are getting back on schedule. Riders faced delays Wednesday morning after an Amtrak train became disabled near the Portal Bridge in Kearny. Commuter trains on NJ ...

NJ tax collections top November target

TRENTON, N.J. (AP) — New Jersey collected $1.73 billion in taxes last month, 1 percent better than expected but off slightly through the first five months of the fiscal year. The Treasury Department's monthly revenue report indicates strong ...

Mega Millions Jackpot Second Largest in Lottery History

The Mega Millions jackpot is up to $636 million, which has many New Jerseyans rushing out to buy tickets.

Sen. Lesniak Says Internationalizing Internet Gaming Would Create Revenue

Sen. Raymond Lesniak hopes to allow those outside the United States to legally use New Jersey internet gambling sites. He says the move would bring additional revenue to the state.

$20 Million Spent in NJ for Verizon’s Green Energy Plan

Verizon Chief Sustainability Officer James Gowen says $20 million of the $100 million Verizon has spent on green energy initiatives has gone to the facility in Basking Ridge.