Business & Economy


Transportation Committee Hears Proposals to Solve Transportation Trust Fund Crisis

The Assembly Transportation Committee held a hearing to look for a sustainable long-term plan for the depleted Transportation Trust Fund.

PATH Riders Frustrated with Service Interruptions, Fare Hike

Those riding PATH trains say the latest service interruption was an inconvenience and it comes right before a fare increase.

Revel casino auction to continue on Tuesday

ATLANTIC CITY, N.J. (AP) — A bankruptcy court auction for Revel, the failed luxury casino-hotel on the Atlantic City Boardwalk, will resume on Tuesday. An auction that began Wednesday morning was suspended in the afternoon due to the approach of ...

New Jersey lawmakers look at transportation fund

MONTCLAIR, N.J. (AP) — New Jersey lawmakers are hearing from local officials and groups of businesses that the state needs to put more money into improving roads and transit. While there is wide agreement on that, there's disagreement over how to ...

AP source: Offers made for closed Revel casino

ATLANTIC CITY, N.J. (AP) — A person familiar with efforts to find a buyer for the shuttered Revel casino in Atlantic City says "multiple" offers have come in. The person was not authorized to publicly discuss the sale efforts and spoke to The ...

Newark mayor pushes measure targeting foreclosures

NEWARK, N.J. (AP) — Newark Mayor Ras Baraka has introduced an ordinance that targets out-of-state creditors seeking to foreclose on city properties. The measure is consistent with Baraka's vow to take action on Newark's foreclosure situation. It ...

Environmentalists Upset with Plans to Divert Passaic River Funds

Environmentalists are upset with apparent plans to divert millions of dollars intended to restore the polluted Passaic River to help balance New Jersey's budget.

Sprinkler company seeks to end work at Taj Mahal

ATLANTIC CITY, N.J. (AP) — A Pennsylvania company that oversees sprinkler systems, fire alarms and other crucial safety equipment at the Trump Taj Mahal Casino Resort wants to end its contract with the bankrupt casino. Tozour Energy Systems is ...

Atlantic City plans layoffs to help with budget

ATLANTIC CITY, N.J. (AP) — Atlantic City plans to ask the state for permission to lay off some city workers. It also wants to re-open most of the union contracts for city workers to achieve salary and benefit reductions. The Press of Atlantic City ...

SEC alleges insider trading in coal acquisition

CHARLESTON, W.Va. (AP) — Federal regulators allege in a lawsuit that three men illegally profited from Arch Coal's acquisition of International Coal Group. The U.S. Securities and Exchange Commission's lawsuit says Frank Tamayo and two other men ...