Business & Economy

PSE&G proposes natural gas rate cut

TRENTON, N.J. (AP) — New Jersey's largest utility is proposing to reduce natural gas rates for residential customers by nearly nine percent this winter, bringing rates to their lowest level in 14 years. Public Service Electric and Gas on Thursday ...

Official: 76ers planning New Jersey practice space

A government official says the Philadelphia 76ers are close to a deal to build a new practice facility and executive offices on the waterfront of struggling Camden, New Jersey. The official spoke on the condition of anonymity because the negotiations ...

New Jersey reviewing hiring of investment firm

TRENTON, N.J. (AP) — New Jersey officials are reviewing whether it was proper to hire a venture capital firm where an executive is a candidate for governor of Massachusetts who once donated money to the New Jersey Republican State Committee. It is ...

Tyson makes rival $6.2B bid for Hillshire Brands

NEW YORK (AP) — Hillshire Brands has another suitor. Tyson Foods Co. is offering to buy Hillshire for $50 per share. That's $5 per share higher than Pilgrim's Pride offer earlier this week. Hillshire Brands, which makes Ball Park hot dogs and Jimmy ...

Comptroller faults pay in some NJ fire districts

TRENTON, N.J. (AP) — New Jersey's comptroller found some of the state's fire districts pay their employees more than the average in New York City and Philadelphia. The watchdog released a report Wednesday that examined fire districts in ...

5 New Milford students charged in bogus bills case

NEW MILFORD, N.J. (AP) — Five New Milford high school students are facing charges stemming from a counterfeiting scheme. Counterfeit $20 bills with the same serial numbers began surfacing at local businesses over a four-week period. Police ...

Incidents force security changes at Trade Center

NEW YORK (AP) — Recent incidents of illegal access to the World Trade Center tower have led to a security shake-up. The Port Authority of New York and New Jersey announced Wednesday that a company that provides unarmed security at the region's ...

Medical Equipment Suppliers Feel Squeeze in New Medicare Bidding Process

A new process of bidding to supply medical equipment to Medicare patients has cut down on business' profits.

Chlorine odor spurs ‘unusual event’ at nuke plant

LACEY TOWNSHIP, N.J. (AP) — Operators at the nation's oldest nuclear plant have terminated an "unusual event" status that was briefly declared after staffers detected an odor of chlorine at the plant's intake structure. The declaration at the ...

Harsh winter took toll on Port Authority budget

NEW YORK (AP) — Last winter took a toll on the Port Authority of New York and New Jersey's finances. Overtime numbers were released for the first quarter on Wednesday, and the weather was blamed for pushing civilian overtime 200,000 hours over ...