Business & Economy


New Law Lets Municipalities Fine Mortgage Lenders Over Unkempt Foreclosures

The new state law is aimed at helping avoid blighted properties by allowing municipalities to fine mortgage lenders if they don't maintain foreclosed properties.

Experts: Illegal online gambling happening in US

ATLANTIC CITY, N.J. (AP) — Gambling regulators say illegal Internet betting is happening across the United States, and that's hurting the fledgling online gambling industries in the three states that have legalized it. Speaking Monday at the East ...

Leader of bank fraud scheme gets prison sentence

TRENTON, N.J. (AP) — New Jersey authorities say a New York City man who led an elaborate bank fraud scheme has been sentenced to 15 years in state prison. Acting Attorney General John Hoffman says the scheme orchestrated by 35-year-old Nurlin ...

AAA to announce summer travel projections

STEVENSVILLE, Md. (AP) — AAA Mid-Atlantic is set to announce its travel forecast for the Memorial Day weekend and the summer. AAA officials will announce the agency's projections, as well as traffic safety plans, at noon Tuesday in Stevensville. ...

New shipping cranes arrive at Port Newark

BAYONNE, N.J. (AP) — Three shipping cranes designed to load and unload the world's largest container ships have arrived at the Port Newark Container Terminal in New Jersey. The cranes, which cost $40 million, were delivered Sunday aboard a ship ...

Christie to offer budget adjustments this week

TRENTON, N.J. (AP) — Gov. Chris Christie says the administration's proposals for closing an $800 million budget shortage should be ready by mid-week. Christie could propose closing the gap through a combination of executive actions and proposals ...

Judge dismisses Ramapough tribe’s $50M movie suit

NEWARK, N.J. (AP) — A federal judge has dismissed a $50 million lawsuit brought by members of the Ramapough (RAM'-uh-poh) tribe against the makers of a movie that they said depicted their people in a negative light. The lawsuit filed in New Jersey ...

Newly elected Newark mayor inherits challenges

NEWARK, N.J. (AP) — The newly elected mayor of Newark is taking the helm at a challenging time for New Jersey's largest city. Ras Baraka will immediately have to address a budget deficit and several missed fiscal reporting deadlines that have ...

AAA Mid-Atlantic: NJ gas prices still falling

TRENTON, N.J. (AP) — Motorists continue to see 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 $3.50, down 3 cents from last week. But that's still higher ...

Gambling states group proposes online bet rules

ATLANTIC CITY, N.J. (AP) — A national group of legislators from states where gambling is legal is recommending standards that states considering legalizing Internet gambling might adopt. Friday's report from the National Council of Legislators ...