Business & Economy

AC-area pols seek 4 month delay in casino closings

ATLANTIC CITY, N.J. (AP) — Three Atlantic City-area state lawmakers want New Jersey casino regulators to force the Showboat and Trump Plaza to remain open at least four more months, in order to let prospective buyers for the casinos kick the tires. ...

NC tax breaks OK’d for 250 IT jobs in Charlotte

RALEIGH, N.C. (AP) — An information technology consulting company plans to create 250 jobs in Charlotte within five years as it hopes to serve the city's big banks. A state committee that approves North Carolina's main tax break to attract ...

United cited for workplace violations at Newark

NEWARK, N.J. (AP) — Federal officials say United Airlines repeatedly put workers at Newark Liberty International Airport in danger of being injured by falls or by falling objects and other workplace hazards. The Occupational Safety and Health ...

2 upper level GWB east lanes reopen after repairs

FORT LEE, N.J. (AP) — Workers have reopened two upper level eastbound lanes on the George Washington Bridge that were closed for emergency repairs. The closures affected New York City-bound motorists for more than two hours and caused traffic ...

CIT Group buying OneWest Bank in $3.4B deal

NEW YORK (AP) — CIT Group is buying regional bank OneWest Bank in a $3.4 billion cash-and-stock deal. OneWest, whose parent company is IMB Holdco LLC, runs 73 retail branches in southern California. The bank is privately owned. IMB shareholders ...

Jersey shore restaurant demolished

SEA BRIGHT, N.J. (AP) — Workers have demolished a Jersey shore restaurant that fell victim to Superstorm Sandy and the winter. Machines tore through the Rum Runner in Sea Bright on Monday. The restaurant opened in 1987 along the Shrewsbury River ...

The Jersey Journal names new editor

SECAUCUS, N.J. (AP) — The Jersey Journal has tapped a longtime staffer to lead its newsroom. Publisher Kenneth Whitfield announced Monday that Margaret Schmidt will take over as editor Aug. 1. She currently serves as the newspaper's managing ...

Sen. Sweeney: Atlantic City Needs to Diversify Economy

Senate President Steve Sweeney says Atlantic City needs to focus on becoming a more diverse economy because the non-gaming revenues in the city are doing extremely well while casino revenues continue to decline.

NJ Spotlight Reporter: Sandy Aid Distribution Raised Questions

NJ Spotlight reporter Scott Gurian says that Sandy aid has been reallocated and that money is being used for energy resiliency methods.

Critics want more details on Sandy spending

TRENTON, N.J. (AP) — New Jersey Senate President Steve Sweeney says newly released reports on the state's biggest Superstorm Sandy recovery projects are not detailed enough. Gov. Chris Christie's administration released its first integrity monitor ...