Business & Economy

2 upper level GWB east lanes reopen after repairs

FORT LEE, N.J. (AP) — Workers have reopened two upper level eastbound lanes on the George Washington Bridge that were closed for emergency repairs. The closures affected New York City-bound motorists for more than two hours and caused traffic ...

CIT Group buying OneWest Bank in $3.4B deal

NEW YORK (AP) — CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal. OneWest, whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California. The bank is privately owned. IMB shareholders ...

Jersey shore restaurant demolished

SEA BRIGHT, N.J. (AP) — Workers have demolished a Jersey shore restaurant that fell victim to Superstorm Sandy and the winter. Machines tore through the Rum Runner in Sea Bright on Monday. The restaurant opened in 1987 along the Shrewsbury River ...

The Jersey Journal names new editor

SECAUCUS, N.J. (AP) — The Jersey Journal has tapped a longtime staffer to lead its newsroom. Publisher Kenneth Whitfield announced Monday that Margaret Schmidt will take over as editor Aug. 1. She currently serves as the newspaper's managing ...

Sen. Sweeney: Atlantic City Needs to Diversify Economy

Senate President Steve Sweeney says Atlantic City needs to focus on becoming a more diverse economy because the non-gaming revenues in the city are doing extremely well while casino revenues continue to decline.

NJ Spotlight Reporter: Sandy Aid Distribution Raised Questions

NJ Spotlight reporter Scott Gurian says that Sandy aid has been reallocated and that money is being used for energy resiliency methods.

Critics want more details on Sandy spending

TRENTON, N.J. (AP) — New Jersey Senate President Steve Sweeney says newly released reports on the state's biggest Superstorm Sandy recovery projects are not detailed enough. Gov. Chris Christie's administration released its first integrity monitor ...

Pain of Atlantic City casino closings far-reaching

ATLANTIC CITY, N.J. (AP) — With three more of Atlantic City's 11 casinos threatening to close by September, nearly 8,000 workers and their families will be affected. But the impact of the closings will be felt far beyond their kitchens. Small ...

A history of casino revenue, jobs in Atlantic City

Here is a look at how gambling revenue and employment have changed since casinos launched in Atlantic City in 1978: ___ May 26, 1978: Resorts Atlantic City opens. Casino revenue: $134 million Casino employment: 3,300 ___ June 26, 1979: Caesars ...

5 things Atlantic City is doing to reverse slide

ATLANTIC CITY, N.J. (AP) — Even before a slew of casino closings hit Atlantic City, gambling operators, government officials and regulators had been working to improve the resort's prospects. Here's a look at five things they're doing: ___ BETTER ...