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Business & Economy

Trustee: MF Global customers to be fully paid back

4-3-14
NEW YORK (AP) — The trustee overseeing the bankruptcy of MF Global says its customers are going to get paid back 100 percent of what they are owed by the boutique brokerage. MF Global Inc., which was led by former New Jersey Gov. Jon Corzine, ...

Jersey shore pizza owners in court on tax charges

4-3-14
CAMDEN, N.J. (AP) — The owners of a chain of landmark pizza shops on the New Jersey shore are in court following their arrest on federal tax evasion charges. Charles and Mary Bangle appeared in court Thursday in Camden to face the charges on the ...

Camden schools plan to lay off 400 staff

4-3-14
CAMDEN, N.J. (AP) — Camden school officials say they must lay off one-fifth of their staff as enrollment is dropping. Superintendent Paymon Rouhanifard (PAY'-mahn roo-HAN'-ih-fard) introduced a budget plan Wednesday calling for 575 jobs to be ...

Mersen USA blames human error for fatal oven blast

4-3-14
ST. MARYS, Pa. (AP) — Officials at Mersen USA say human error caused an oven explosion that killed a visiting employee and injured another worker at a western Pennsylvania plant on Jan. 30. Noah Nichelson, the general manager of the St. Marys ...

NJ hospital cuts staff pending sale approval

4-3-14
PASSAIC, N.J. (AP) — Northern New Jersey's St. Mary's Hospital has terminated or reduced hours for 30 employees while it waits for state approval of a pending sale. Hospital officials say the cuts are needed to help stabilize the budget and keep ...
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Terra Tech Hopes to Corner Marijuana Market

4-2-14
The company Terra Tech has invested $5 million to expand its facility in the hopes that New Jersey legalizes marijuana for recreational use.
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Asm. O’Scanlon: Current Budget Has One of the Lowest Gaps

4-2-14
Assemblyman Declan O'Scanlon says the latest state budget at $34.4 billion has one of the lowest gaps in the past three years and Gov. Christie is making pension payments at higher rates and more consistently than anyone in the last 25 years.
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Asm. Schaer: Pension Issues Were Addressed Three Years Ago

4-2-14
Assembly Budget Committee Chairman Gary Schaer says that pension reform was done three years ago and other issues now need to be the priority.

Tesla to sue New Jersey over car dealer rules

4-2-14
NEWARK, N.J. (AP) — Electric-car company Tesla Motors has filed notice it intends to sue New Jersey over a ruling that would stop it from selling its vehicles in the state within two weeks. The notice was filed last week to the state appellate ...

Final federal suit from Flight 3407 crash settled

4-2-14
BUFFALO, N.Y. (AP) — The final federal lawsuit filed after the crash of Continental Flight 3407 that killed 50 people near Buffalo has now been settled. The agreement reached Wednesday means there's no need for the federal trial scheduled for May ...