Business & Economy

Port Authority OKs wage hike for airport workers

NEW YORK (AP) — The Port Authority of New York and New Jersey has formally adopted a plan to raise wages for workers at its New York and New Jersey airports. The agency operates JFK, LaGuardia and Newark Liberty airports in addition to smaller ...

NJ Lost Most Construction Jobs in U.S. in Past Year

According to a trade group, New Jersey saw the biggest drop in construction jobs in the country from March 2013 to March 2014.

Pension Expert: It’s Never Too Early or Late to Save for Retirement

Partner-in-Charge of EisnerAmper's Pension Services Group Diane Wasser says it is never too early or too late to start saving for retirement.

Deep split in Port Authority over WTC tower

NEW YORK (AP) — A discussion over the future of the 3 World Trade Center tower has exposed deep rifts among board members of the Port Authority of New York and New Jersey. The discussion at Wednesday's monthly board meeting followed an update in ...

Politicians, Business People Participate in Walk to Washington

The annual New Jersey Chamber of Commerce Walk to Washington allows politicians from both parties and those in the business community to travel to Washington D.C. by train and discuss state issues.

NJ Small Businesses Still Struggling After Sandy

New Jersey Citizen Action is lobbying politicians to make Garden State business owners a priority in Sandy recovery.

NJIT Launches New Jersey Innovation Institute

The New Jersey Innovation Institute, a non-profit spinoff of NJIT, will allow those involved to work more freely with private corporations.

Loan officer admits role in mortgage fraud scheme

NEWARK, N.J. (AP) — A central New Jersey man has admitted his role in a large-scale mortgage fraud scheme that caused millions of dollars in losses. Federal prosecutors say 71-year-old Delio Coutinho of Colonia pleaded guilty Tuesday to conspiracy ...

Chiropractor admits submitting fraudulent claims

TRENTON, N.J. (AP) — A northern New Jersey chiropractor has admitted submitting numerous fraudulent claims to an insurance company for treatments and office visits that were never performed. The state Attorney General's office says 66-year-old ...

Drug firm exec gets 16 months in inside-trade case

NEWARK, N.J. (AP) — A former pharmaceutical executive has been sentenced to 15 months in prison for his role in an insider trading scheme. John Lazorchak was sentenced Tuesday in federal court in Newark, N.J. Lazorchak was director of financial ...