Business & Economy


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 ...

Utility regulators approve storm improvements

NEWARK, N.J. (AP) — State regulators have approved a $1 billion plan by New Jersey's largest utility to raise rates over five years to strengthen electric and gas systems to protect them from future storms. Public Service Electric and Gas initially ...

Assembly Budget Committee Grills State Treasurer on Shortfalls

Members of the Assembly Budget Committee asked State Treasurer Andrew Sidamon-Eristoff about the Christie administration's budget decisions.

Government Provides Victims of Violent Crimes with Financial Assistance

The New Jersey Victims of Crime Compensation Office provides New Jerseyans with financial assistance after they have been victimized.

PSE&G President: Energy Strong Will Lead to Long-Term Savings

PSE&G President Ralph LaRossa says that the Energy Strong project, which the BPU recently approved, will help customers save money in the long run.

Former bank officer sentenced for accepting bribes

CAMDEN, N.J. (AP) — A former bank officer who accepted more than $50,000 in bribes return for assisting customers in corrupt financial transactions and bank fraud is now headed to federal prison. Jose Dominguez of Newark was sentenced Wednesday to ...

Former executive gets prison term for tax evasion

NEWARK, N.J. (AP) — Federal prosecutors say a former executive with an independent wholesale food distributor in New Jersey and New York City is headed to prison for evading taxes on income he got from third parties. John Annetta received a ...