Business & Economy

Official: $2.5B more in Sandy aid headed to NY, NJ

A government official says a plan is in place for disbursing $2.5 billion in additional federal aid to New Jersey, New York City and New York state for Superstorm Sandy recovery. The third round of funding will bring the total amount headed to the ...

Slight increase in holiday traffic expected in NJ

TRENTON, N.J. (AP) — New Jersey is hoping winter-weary visitors are ready for some surf and sand as the Memorial Day holiday launches the summer tourism season. Forecasters are predicting a somewhat wet start to the Memorial Day holiday weekend ...

Budget Committee Chairman Questions Legality of Scaling Back Pension Payments

Sen. Paul Sarlo asked State Treasurer Andrew Sidamon-Eristoff if cutting back on the state's pension payments, as Gov. Christie has proposed, is legal.

Group Rallies Against Cuts to Pension Payment

Democratic lawmakers joined others to speak out against Gov. Christie's plan to cut the state's pension payment and call for a millionaire's tax.

NJ biz owner admits lying to get federal contracts

NEWARK, N.J. (AP) — A northern New Jersey business owner has admitted she falsely claimed her business was owned by a service-disabled veteran so she could get dozens of government contracts. Miriam Friedman entered her plea in federal court in ...

Sweeney Hopes to Override Conditional Veto of Sandy Bill of Rights

Senate President Steve Sweeney announced that he is working to override Gov. Christie's conditional veto of the Sandy Bill of Rights.

WebiMax CEO: Camden Move Offers New Opportunity

WebiMax founder and CEO Ken Wisnefski says that the company's headquarters will be moving from Mount Holly to Camden despite offers from other states. He sees the move as a new opportunity.

Online bet startup costs shrink AC casino earnings

ATLANTIC CITY, N.J. (AP) — Startup costs associated with Internet gambling, and the closure of one casino in January, lowered Atlantic City's casino earnings by 8.4 percent in the first quarter of this year. Figures released Thursday by the state ...

Casino lobby drops pro-Internet gambling advocacy

LAS VEGAS (AP) — The casino industry's main lobbying group has quietly ended its efforts to legalize online gambling as its members stake starkly different positions on the matter. American Gaming Association officials said Thursday that the group ...

Christie postponed property tax credits

TRENTON, N.J. (AP) — New Jersey's property tax credits are on hold while Gov. Chris Christie and his administration work to balance the budget. The Homestead Rebate tax credit available to senior citizens, the disabled and homeowners with incomes ...