Business & Economy


Lewis Katz Dies in Plane Crash

Lewis Katz died in a plane crash over the weekend. Chief Political Correspondent Michael Aron, who knew Katz well, discusses his life.

Rating agency warns NJ of possible downgrade

TRENTON, N.J. (AP) — A bond rating agency has put New Jersey on notice. Standard & Poor's warns it could lower the state's credit rating within 90 days depending on the outcome of budget deliberations and other developments. The agency placed the ...

New Jersey Natural Gas proposes rate cuts

NEWARK, N.J. (AP) — New Jersey Natural Gas customers may be seeing lower rates this winter. The utility announced Monday that it wants to decrease rates for residential and commercial customers. The announcement was made in its annual filing with ...

Service for Philly paper owner set for Wednesday

PHILADELPHIA (AP) — A public memorial service for Philadelphia Inquirer co-owner Lewis Katz will be held Wednesday at Temple University in Philadelphia. The 72-year-old Katz and six others died Saturday in a private plane crash near Boston. Katz ...

New allergy tablets offer alternative to shots

TRENTON, N.J. (AP) — For decades, seasonal allergy sufferers had two therapy options to ease the misery of hay fever. They could swallow pills or squirt nasal sprays every day for brief reprieves from the sneezing and itchy eyes. Or they could get ...

Al Gore praises Obama’s pollution cuts proposal

PRINCETON, N.J. (AP) — Former Vice President Al Gore is praising the Obama administration's plan to cut carbon dioxide emissions from power plants over the next 15 years. Gore, a leading advocate on climate issues, spoke Monday in New Jersey at ...

NTSB recovers data recorders off paper owner’s jet

PHILADELPHIA (AP) — The National Transportation Safety Board says it has recovered the cockpit voice recorder and flight data recorder from the private jet that crashed this weekend in Massachusetts, killing Philadelphia Inquirer co-owner Lewis ...

Philly Inquirer co-owner among 7 dead in jet crash

BEDFORD, Mass. (AP) — Philadelphia Inquirer co-owner Lewis Katz was killed along with six other people in a fiery plane crash in Massachusetts, just days after reaching a deal that many hoped would end months of infighting at the newspaper and help ...

Ex-Pennsylvania Gov. Rendell passed on doomed jet

PHILADELPHIA (AP) — Former Pennsylvania Gov. Ed Rendell says Philadelphia Inquirer co-owner Lewis Katz invited him on the doomed flight that crashed, killing seven. Rendell says Katz tried to persuade him Friday to attend an event at historian ...

Businessman charged in warehouse rental scam

FREEHOLD, N.J. (AP) — Prosecutors say a central New Jersey businessman manipulated rental agreements to illegally pocket more than $250,000. Thomas Carr, a 54-year-old Manalapan resident, is charged with theft, forgery and uttering a forged ...