Business & Economy

Promoter gets $1M deal for Atlantic City concerts

ATLANTIC CITY, N.J. (AP) — The state agency in charge of redeveloping Atlantic City has approved a $1 million subsidy agreement with a concert promoter to stage at least a dozen major shows in the resort. The Press of Atlantic City ...

Judge OKs auction for closed $2.4B Revel casino

CAMDEN, N.J. (AP) — A bankruptcy court judge has approved a Sept. 24 auction for the closed $2.4 billion Revel Casino Hotel in Atlantic City. Judge Gloria Burns approved the auction date Monday after a $90 million cash bid from a Florida developer ...

Oyster Creek plant taken offline for refueling

LACEY TOWNSHIP, N.J. (AP) — The nation's oldest nuclear power plant has been taken offline for a planned refueling outage. The Oyster Creek plant in Lacey Township was shut down early Monday. During the outage, crews will perform maintenance work ...

Cognizant buying TriZetto for $2.7 billion

TEANECK, N.J. (AP) — Cognizant is buying health care software company TriZetto for $2.7 billion in cash. Privately held TriZetto Corp. is based in Englewood, Colorado. The company and its 3,700 workers will join Cognizant's existing health care ...

Trustee objects to parts of proposed Revel deal

ATLANTIC CITY, N.J. (AP) — A U.S. Bankruptcy Court trustee is objecting to the proposed auction date for the Revel Casino Hotel and a $3 million breakup fee that would go to a Florida developer if he's outbid for the recently shuttered site. The ...

New Jersey gas prices stay stable

TRENTON, N.J. (AP) — Motorists are seeing stable 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 $3.27, the same price as last week. That's also lower than the ...

Insurance issues loom large in New Jersey race

MOUNT HOLLY, N.J. (AP) — The congressional race expected to be New Jersey's most competitive is full of accusatory ads. Voters from outside Philadelphia to the shore should brace for hearing a lot more dirt involving Democrat Aimee Belgard and ...

Flood Victims Asked to Return Sandy Aid

Some Hurricane Sandy victims have gotten letters asking them to return federal aid disbursed by FEMA and HUD.

Estate, Inheritance Taxes Could Hurt Farm Business

New Jersey imposes both an estate and an inheritance tax, which some say will hurt businesses that get passed down.

NJ Transit Plans $2 Billion Upgrade

NJ Transit is spending nearly $2 billion to replace trains and buses and add seats to all equipment over the next couple of decades.