Recently added articles from NJBIZ:
Businesses blast N.J. budget plan
Mar 16, 2009; ... Corzine's 'tough choices' anger those making hard decisions during recession BUSINESS OWNERS were ready to cringe when Gov. Jon S. Corzine unveiled his new budget - it was a sure bet tax hikes would be part of his effort to plug what Corzine calculates is a $7 billion gap between the ...
South Jersey trails state in employment statistics
Mar 16, 2009; ... Unemployment rates in New Jersey reached double digits in only four counties, each of which is in the southern region, according to January data, the most recent released by the state Department of Labor and Workforce Development. Calling the numbers "the worst in at least 15 years," ...
N.J. bucks national trend on foreclosures, report finds
Mar 16, 2009; ... The Garden State is running counter to the national trend of rising foreclosure rates and totals, according to RealtyTrac, an Irvine, Calif.-based provider of foreclosure data. In February, New Jersey had 3,279 foreclosures, a decrease of 34.49 percent from the previous month and a 41.43 ...
Experts say property tax appeals will soar by 50%
Mar 16, 2009; ... More filings expected as real estate values decline AS PROPERTYVALUES decüne in the slumping economy, a growing number of commercial real estate owners in New Jersey are seeking tax appeals in order to reduce their operating expenses while retaining and attracting tenants. "We're ...
Stimulus funds to fast-track seven NJ Transit projects
Mar 16, 2009; ... With new funding under the American Recovery and Reinvestment Act, NJ Transit announced last week that it is accelerating seven northern and central New Jersey projects that will enhance capacity, increase accessibility and offer greater reliability on its statewide mass-transit ...
Truckers, Rutgers clash over school's port logistics survey
Mar 16, 2009; ... Port truckers last week challenged a recent Rutgers University study's claims that the state's port logistics industry is broken and that the public pays for inefficiencies and truckers' lax health and safety standards. The Association of BiState Motor Carriers, which represents ...
State slaps fraud charge on investment company
Mar 16, 2009; ... A Fanwood-based investment company known as Serafino Holdings has been charged with investment fraud and for being operated by an owner who was not registered with the state Bureau of Securities, New Jersey Attorney General Anne Milgram announced last week. An estimated 80 investors had ...
Despite aid, Roche plans 400 cuts
Mar 16, 2009; ... Layoffs may force drug maker to forfeit EDA tax credits following $47B Genentech buy ROCHE MAY SHED more than 400 jobs next year at its Nutley office campus in the wake of its announced $47 billion acquisition of Genentech, a gene-based drug company. The cuts are scheduled despite $1.4 ...
Completing major deal while driving in reverse
Mar 16, 2009; ... An issue in the $41.1 billion merger is a joint venture between Johnson & Johnson and Schering-Plough to market the drug Remicade, which would be invalidated by a change in control at Schering-Plough. But the companies insist there is no change in control, because the deal is a ...
Official: Roche 'has been a big supporter' of Nutley
Mar 16, 2009; ... Roche has been "a great member of the community for many years," said Kathy Rempusheski, executive assistant to Nutley Mayor Joanne Cocchiola."The company has been a big supporter of the town, and had made many contributions, in addition to representing a big ratable." It's too soon to ...
Merck merger reshaping industry landscape
Mar 16, 2009; ... $41.1B deal may create a big player, but analysts caution of short-term pain through layoffs NEW JERSEY pharmaceutical titans Merck and Schering-Plough announced a $41.1 billion cash and stock merger last week that they said will deliver a strong pipeline of new drugs, high single-digit ...
Quote to Note
Mar 16, 2009; ... "We applaud the governor for proposing hiring freezes and furloughs. Thaf s what businesses are doing every day. That should absolutely be part of the mix, but it's ...
Spending bill sends millions to state
Mar 16, 2009; ... New Jersey will get hundreds of millions in federal funds from the $410 billion spending package President Barack Obama signed last week, said Sen. Frank R. Lautenberg (D-N.J.), including $48 million for the new trans-Hudson rail tunnel and $10 million to finish the Army Corps of Engineers' ...
N.J. job-growth effort already out of money
Mar 16, 2009; ... After 10 weeks, EDA initiative has exhausted its $120M budget TRENTON -A10-week-old state program that gives cash incentives to companies that create jobs or make capital investments has been so popular, it has already run out of money. And the governor is not expected to add funds - at ...
N.J. to post stimulus spending on Web
Mar 16, 2009; ... New Jersey is expected to get an estimated $17.5 billion in stimulus funds over the next three years. So, how will it be used? A Web site Gov. Jon S. Corzine launched last week will chart the money's course. The site will outline the allocation of New Jersey's share of economic stimulus funds ...
Vas indicted on corruption charges
Mar 16, 2009; ... State Assemblyman Joseph Vas (DPerth Amb oy) was indicted last week on charges that, while he was mayor of Perth Amboy, he conspired with city employees to steal approximately $5,000 in funds fromme city to pay for personal purchases and expenses. Vas, 54, was indicted with his personal ...
Lobbyists sounding alarm over lowered union barriers
Mar 16, 2009; ... But labor leaders argue fears of a business exodus are overblown A FEDERAL BILL making it easier for workers to unionize will further weaken the state's recession-wracked economy by driving more New Jersey companies to the South or overseas, business lobbyists warn. But union leaders say ...
Branching out from Statehouse
Mar 16, 2009; ... Lobbyists tout a broad range of alternative services to clientele MBI-GLUCKSHAW, THE STATE'S third-largest lobbying firm, recently mailed out 3,000 copies of a brochure touting the many services it offers. Sent to clients and prospective clients, the fullcolor brochure is startlingly ...
Advocates: Payroll tax 'not the way to lead'
Mar 16, 2009; ... Business groups plan to make their appeals to Legislature TRENTON - Gov. Jon S. Corzine's decision to raise payroll taxes on employers by an estimated $70 to $95 per worker to help close the state budget gap has galvanized business advocates, who say they'll appeal to the Legislature to ...
Protecting a nest egg in a down market
Mar 16, 2009; ... By diversifying investments, advisers say business owners may escape the recession with less pain Wealth Management BUSINESS OWNERS coping with an anemic economy are also scrambling to save their individual and corporate retirement funds, say investment advisers and other ...