NJBIZ back issues from August 2007:
Corzine: Let Voters Have Say on Toll Road Plan
Aug 06, 2007; ... With criticism from both sides of the aisle, last week Gov. Jon Corzine, whose administration has been studying a plan to leverage money from New Jersey's toll roads partly by increasing tolls, said he thought voters should have the final say. All 120 state Legislative seats are up for election ...
Ex-Commission Aide Convicted
Aug 06, 2007; ... Afonner chief of staff for the Commerce and Economic Growth Commission was convictedlast week of using state staff to help run her private law practice between February 2002 and May 2004. LesIyDevereaux, 49, of Piscataway was found guilty on two counts of misusing public funds. But the ...
FCC Votes For Open Access-Maybe
Aug 06, 2007; ... The Federal Communications Commission voted last week to give more choices to people who use cell phones and other wireless devices. The vote to "Promote Wireless Broadband Deployment" gives access to a bandwidth currently only used by television broadcasters. But the newrule ...
Ticket to Ride for Pinelands Reptiles
Aug 06, 2007; ... Five endangered species of reptiles and amphibians in the Pinelands will have concrete tunnels as part of their habitat under a highway-widening plan finalized last week by the New Jersey Turnpike Authority. A $135 million project to widen 17 miles of the Garden State Parkway between ...
$1M Slap on EnCap
Aug 06, 2007; ... The state Department of Environment Protection (DEP) slapped a $1 million fine on the Kingsland Landfill in North Arlington for letting methane gas emissions escape from the site. The DEP says that EnCap Golf Holdings, which owns the landfill, is allowing more than 25 tons of methane into the ...
The Costliest Home Goes on the Block
Aug 06, 2007; ... The state's most expensive home went on sale last week, with an asking price of $49 million. The former mansion of early 20th century steel baron Henry clay Frick in Alpine is a 13,000-square-foot, 1930 English manor house on a 13-acre plot, complete with carriage house, swan pavilion and pond ....
No Unemployment Benefits for You
Aug 06, 2007; ... Workers who take a voluntary layoff or early retirement offer aren't eligible for unemployment benefits, according to a state appellate panel ruling handed down last week. The case, In Re Adoption Of N.J.A.C. 12:17-9.6 By The State Of New Jersey Department Of Labor, was brought byVerizon New ...
Ingersoll-Rand Unit Hits the Road
Aug 06, 2007; ... Montvale-based industrial conglomerate Ingersoll-Rand Co. agreed to sell its Bobcat, Utility Equipment and Attachments business units for $4.9 billion cash to South Korean machine manufacturer Doosan Infracore. IngersollRand is headquartered in Hamilton, Bermuda, with operations based in New ...
Civil Unions get Health Benefits through UPS
Aug 06, 2007; ... After receiving a letter from Gov. Jon S. Corzine, parcel shipping company UPS in Atlanta announced it would change its stance and extend health care benefits to the civil union partners of 8,700 union employees in New Jersey. The company began ...
Behind Johnson & Johnson's Big Job Cut
Aug 06, 2007; ... NEW BRUNSWICK Slow stent sales contribute to the hemorrhaging of the work force Stents that prop open clogged arteries were until recently a promising source of growth for Johnson & Johnson. But diminished sales of the devices were a large part of the reason that the health ...
Making Minority Accountants Feel More Welcome
Aug 06, 2007; ... ACCOUNTING FIRMS will lose black and Hispanic employees unless they make them feel more welcome at work, according to a new study by Catalyst, a New York City advisory and research firm. About half of blacks and Hispanics in the accounting industry do not feel obligated to stay with ...
Rupert Murdoch and the Garden State
Aug 06, 2007; ... Our Point of View LARGELY OVERLOOKED AMID the nonstop coverage of Rupert Murdoch's acquisition of Dow Jones & Co. last week was the impact the $5 billion deal could have on New Jersey. About 2,400 of the media company's 7,000 worldwide employees work in the Garden State, mainly in ...
Give Us More Money
Aug 06, 2007; ... That's what 54 percent of the 362 respondents to the New Jersey Chamber of Commerce/NJBIZ Poll for July replied when asked to choose between raises and bonuses or other kinds of job rewards. The runner-up was "more time," the choice of 38 percent, followed by "more team-building events," ...
New Jersey Chamber of Commerce/NJBIZ Poll
Aug 06, 2007; ... All 120 seats in New Jersey Legislature will be up for election in November. How would you describe the current Legislature's policies towards the business community? * Very favorable * ...
Bills that Could Soon Be Laws
Aug 06, 2007; ... STATEHOUSE Lobbyists eye measures on governor's desk that cover hot-button issues With one stroke of the pen, Gov. Jon Corzine last week signed a law requiring hospitals to take steps to reduce the spread of infections in their facilities, such as screening patients in intensive ...
Subprime Woes Spill Into Commercial Real Estate
Aug 06, 2007; ... SADDLE BROOK Investors are hit with tighter credit standards and higher borrowing costs Delinquencies on subprime mortgage loans are rippling through the debt market in New Jersey, causing lenders to tighten credit standards and ratchet up borrowing costs for commercial real ...
High Times For Liquor Licenses
Aug 06, 2007; ... CHERRY HILL National chains bid up local permit prices WHEN THE ITALIAN Bistro restaurant in Cherry Hill sold its liquor license to a mixed-use redevelopment project last month, the permit fetched an eye-catching $1.5 million. While liquor licenses have always been highly ...
Converting a Wasteland into Renewable Power
Aug 06, 2007; ... CARNEYS POINT Salem County plans to use methane from a landfill to produce natural gas and generate electricity A PUBUC-PRIVATE PARTNERSHIP is turning to the Salem County Landfill in Alloway for a renewable source of energy to fuel the fires at a glassmaking educational center ...
Vonage Fights Back
Aug 13, 2007; ... Vonage Holdings Corp. of Holmdel last week posted a $33.4 million loss for its second quarter, together with a 43 percent jump in revenue. Vonage said the loss was 54 percent less than the pioneering Internet telephony company reported for the second quarter last year. Vonage said it ...
Pfizer Changes Tack In Product Hunt
Aug 13, 2007; ... Pressured to continually replace products with expiring patents, pharmaceutical major Pfizer is forming a new investment group headed by Barbara Dalton from GlaxoSmithKline's venture group that will buy stakes in drug and health care technology companies, according to a Dow Jones report last ...
J&J Sues Red Cross Over Right to Use Red Cross
Aug 13, 2007; ... A dispute between Johnson & Johnson and the American Red Cross boiled over into a nasty court battle last week, when the New Brunswick-based health care company filed a civil suit against Red Cross' attempt to charge licensing fees for placing its distinctive symbol on toothbrushes, ...
Subprime Implosion Shakes Up Lenders
Aug 13, 2007; ... HOBOKEN Investors turn away and risky borrowers find themselves out of luck Banks and other mortgage lenders in the state were in full flight from making subprime loans last week as the institutional investors who had been acquiring portfolios of such loans continued to shun ...
School Construction Corporation Ended
Aug 13, 2007; ... Gov. Jon S. Corzine signed legislation last week that immediately dissolves the much-maligned New Jersey Schools Construction Corp. (SCC), which had gained a reputation for waste and fraud during its five-year, multibillion dollar effort to build schools across the state. The legislation ...
Letters
Aug 13, 2007; ... For and Against Embryonic Stem Cell Research If you asked a typical voter about the bond issue in New Jersey ("Stem Cells on the Fall Ballot/' July 30) I am sure they would equate it with embryonic stem cell research, so why is most of the funding going to adult stem cells? I can tell ...
Shining Light on Infection Rates
Aug 13, 2007; ... STATEHOUSE Corzine to sign bill requiring public disclosure of conditions acquired in hospitals The public will soon-and for the first time-learn how frequently patients acquire potentially life-threatening infections at each of the state's 79 general hospitals. The state ...
Treat Bridges like People
Aug 13, 2007; ... Our Point of View MOST PEOPLE WHO discover that they have a condition that needs treatment would undoubtedly seek it. But that sensible response does not seem to apply to the highway bridges that countless people trust their lives to every day. The Minneapolis span that fell into the ...
Local Peach Growers Ripe For a Bountiful Year
Aug 13, 2007; ... PRINCETON Yes, we've got peaches-Garden State expected to lead East Coast production With its harvest season in full swing, the New Jersey peach industry is expecting to come out ahead of other top peach-producing states this year, because of cold weather conditions that ...
Corzine, Go the Right Way with Toll Roads
Aug 13, 2007; ... Board of Contributors GOV JON CORZINE can make it difficult on those who want to support his policy initiatives. Without putting up much of a fight, he tends to accept from the Legislature timid versions of his proposals. That's what happened to his proposals to create an elected state ...
Avoid Playing the Blame Game
Aug 13, 2007; ... The Bottom Line Question: Why are we so tempted to play the "blame game?" Adubato: Playing the blame game, pointing fingers, publicly criticizing the "mistakes" of your colleagues after things go wrong and the team falls down is never a good thing. However, no matter how ...
Powering N.J.'s Venues Online
Aug 13, 2007; ... NEW JERSEY IS the sixth most sought after destination for events in the country, according to the number of visits logged on the state's pages on www.event ective.com, a Web site that links to the state's tourism department. In July, Eventective.com logged 92,000 visits for New Jersey, ...
Confronting the Challenges of Intellectual Property Issues
Aug 13, 2007; ... NJBIZ: What is the focus of your position? Paradiso: The full breadth of intellectual property, whether it be patents or trademarks; anything that would protect the intellectual property assets of the company. Also, "freedom to operate opinions, in which you try to find any ...
The Reeve Foundation Soldiers On
Aug 13, 2007; ... SHORT HILLS Research on spinal-cord injuries advances at rapid pace THE NAMESAKES OF the Christopher and Dana Reeve Foundation in Short Hills may no longer be alive, but the research they championed to treat spinal-cord injuries is accelerating. After Christopher Reeve, ...
Ma and Pa Defense Contractors
Aug 13, 2007; ... MOORSETOWN A husband-and-wife team win U.S. Navy deals to provide technical support A TINY CONSULTING FIRM scored its largest contract to date this month when it landed a five-year, $3.5 million deal to provide technology support and other services to a military naval ...
The State EDA Wants to Help
Aug 06, 2007; ... LAUNCHING A new business or expanding an existing one? The State of New Jersey and the federal government are teaming up to offer entrepreneurs a number of innovative financing programs. Through the state Economic Development Authority (EDA) in Trenton, businesses can access low-cost ...
Growing Battles Over The Price of Permits
Aug 06, 2007; ... Restaurant and bar owners in the state are seeking to block several attempts to obtain liquor licenses at what the opponents call below-market prices. Organized under the New Jersey Restaurant Association (NJRA) in Trenton, the opponents say that any discounted sales would devalue their existing ...
Voting Machines We Can Count On
Aug 06, 2007; ... Board of Contributors MOST PEOPLE know that the controversy that marred the 2000 presidential election in Florida and elsewhere was mainly about how elections are run: the equipment, the rules and ability of the staff members preparing the ballots and manning the polls. While elected ...
Residential Real Estate Could Be Bottoming Out
Aug 06, 2007; ... Industry Report HOMES MAY BE taking longer to sell and prices may be under pressure, but the New Jersey residential market is holding up relatively well in the view of some mortgage bankers. "We're running at about 90 percent of what we had last year," Kevin Riley, regional sales ...
Hitting the Jackpot with Slot Machines
Aug 06, 2007; ... PLEASANTVILLE Former vending machine distributor Mac Seelig changed fields and won big THERE'S NOT much difference between a soda machine and a slot machine. That was what Mac seelig, then a vending machine distributor, said when he launched his slot machine company 29 years ...
How to Navigate the Loan Process Smoothly
Aug 06, 2007; ... Come armed with documents and know what you want LOOKING FOR BANK financing is a vital rite of passage that builds or expands a new business, but many new business owners have trouble navigating the process, say bankers. Entrepreneurs stand a better chance of getting a bank loan approved ...
Bankruptcies / M&As
Aug 06, 2007; ... Bankruptcies Bankruptcy listings are obtained from federal courthouse records and organized by the office in which they were filed. CAMDEN SCM Bartending School 3014 Cottonwood Ava Egg Harbor Township 08234 Chapter 7, filed 7/20/07 Case ...
Taking the Right Steps To Reach Financial Success
Aug 06, 2007; ... GUEST COLUMN Put your business smarts to work for you WHETHER YOU'RE an entrepreneur or business professional, you've undoubtedly spent countless hours planning your career. Whether you have numerous successes under your belt or are just starting out, you have a strategy in place ...
North: Getting a Grip on Fight Fans
Aug 06, 2007; ... WAYNE The Grapplers Co. reached a five-year agreement with ProElite.com, an online network for mixed martial arts (MMA) fighters, under which ProElite.com will broadcast live Grapplers Quest events on its Web site. The Grapplers Co., headquartered in Wayne, is a live event and video production ...
North: Water Scam
Aug 06, 2007; ... NEWARK George Morgan, 60, a former employee of the Passaic Valley Water Commission (PVWC), pleaded guilty in U.S. District Court in Newark last week to taking bribes from a Paterson property manager in exchange for preferential water service. Under the scam, the manager agreed to pay the ...
Central: Ronson Faces Delisting
Aug 06, 2007; ... SOMERSET Ronson Corp. (NASDAQ: RONC) said last week that its shares may be delisted from the NASDAQ exchange unless it adds an independent director to its board. The Somerset company, which makes butane lighters and other products and also offers aviation ...
South: New Navy Contract
Aug 06, 2007; ... MOORESTOWN EHS Technologies Corp. won a nearly $3.5 million contract from the U.S. Navy last week. The woman-owned firm says the contract is the largest in the company's 11 -year history. EHS Technologies has now received three Navy contracts totaling about $9.2 ...
Venture Capitalists Deliver Financing with a Twist
Aug 06, 2007; ... They put their money on promising young companies in the expectation of turning a profit by cashing out their investments IN NEW JERSEY, entrepreneurs turn to banks for financing, but those behind newand expanding companies increasingly turn to venture capitalists for ...
South: Guilty of Tax Evasion
Aug 06, 2007; ... ATLANTIC CITY A federal jury last week found Atlantic City fireman Matthew Fox, 38, guilty of failing to pay taxes on $400,000 of income received for his services as a bouncer and manager at B.E., an "exotic dance club" in the city. Fox was convicted on five counts of tax evasion for ...
Scene
Aug 06, 2007; ... 1 WALK OF FAME Prudential Financial honored singer, actress and Newark native Queen Latifah with a replica of her plaque on the New Jersey Walk of Fame at the New Jersey Performing Arts Center in Newark. Pictured are Queen Latifah; Gabriella Morris, vice president of community resources at ...
Legislation Could Spark a Title Insurance Price War
Aug 06, 2007; ... Industry Report A BILL THAT WOULD give title insurance companies greater freedom to set rates has ignited a brawl within the local industry. Led by the New Jersey Land Title Association, a trade group in Freehold, opponents of the legislation say it would give large companies the ...
Many Factors Go Into Choosing The Right Bank
Aug 06, 2007; ... Experienced officers can be as important as low interest rates WHEN IT COMES TO financing a business, working with the right bank can mean the difference between success and failure. For some owners, finding a good bank means comparing interest rates and bank fees. Experts say, however, ...
Unveiling a Mini-MBA on the Essentials of Finance
Aug 06, 2007; ... Abe Weiss directs the Rutgers University Center for Management Development in Piscataway, which since 1947 has provided executive training for business leaders. The center next month will roll out its new "Mini-MBA: Finance Essentials Program," an intensive five-week course of business ...
Who's News
Aug 06, 2007; ... Accounting Daniel Gibson has been promoted fromprincipal to officer in Amper, Politziner & Mattia's tax department. He has 25 years of experience working with individuals and small to medium-sized businesses in a wide range of industries, providing accounting, tax and consulting ...
Real Estate Transactions / Insider Trading
Aug 06, 2007; ... Real Estate Transactions Real estate transaction listings are provided by brokers and their representatives. NJBIZ welcomes your firm's listings, which should include the names of the buyer and seller or lessee and lessor; the square footage or acreage; the address of the property; the ...
Calendar
Aug 06, 2007; ... August 7 Tuesday 9 to 11 a.m. Financing Your Small Business. Kean University SBDC. Kean University, Willis Hall, Room 315,1000 Morris Ave., Union. (908) 737-4220. 7 Tuesday Noon to 1:30 p.m. Networking Luncheon. Cherry Hill Regional Chamber of Commerce. JR's Woodfire Grill and ...
Events Speak Volumes about the Business Cycle
Aug 13, 2007; ... Industry Report EVENT PLANNER Joan Rothbard can tell if an industry is having a good year or a bad one by its appetite for fun. "In one year all the pharmaceutical companies run picnics and the next year, they don't, or the banks have them one year and not the next," says Rothbard, ...
New Kid on the Block
Aug 13, 2007; ... New Jersey's newest meeting place, The Heldrich in New Brunswick, appears to be off to a promising start with conventions and events. The facility, which includes a 234-room hotel, opened last March as part of a downtown redevelopment project. "Business is great," says John Mines, ...
High-Tech Gadgets Draw Traffic to Convention Booths
Aug 13, 2007; ... Devices may bear no relation to an exhibitor's products WANT TO SEE HOW your brain works? Sit in an executive chair and take a short quiz, while a robot behind you reads signals sent from sensors attached to your head and paints a multicolor image. A few minutes later, you see a picture ...
Gatherings Party On
Aug 13, 2007; ... Bookings at many convention sites show increases this year OPERATORS OF MEETINGS and convention centers are reporting brisk business across the state. Many say they are booking more events and taking more hotel room reservations than they did a year ago. The event count at the ...
North: TV Crime Pays in Real Life
Aug 13, 2007; ... KEARNYA shop made famous by the HBO hit show "The Sopranos" is about to get whacked, but the stones from the fictional Satriale's Pork Store will live on-for a price. Manny Costeira, owner of 101 Kearny Ave., known to Sopranos fans as Satriale's, reportedly plans to sell the store's 2,000 white ...
North: Sharp Sues Samsung
Aug 13, 2007; ... MAHWAH Japan's Sharp Corp., which has its North American headquarters in Mahwah, filed a patent infringement suit against Korea's Samsung Electronics Co. Ltd., which has its North American consumer electronics headquarters in Ridgefield Park. Sharp alleges that Samsung infringed on five Sharp ...
Central: Able Manager Pleads Guilty
Aug 13, 2007; ... CRANBURY A former manager with the defunct drugmaker Able Laboratories last week pleaded guilty to conspiring to distribute misbranded and adulterated drugs. Vithal Patel, 52, had been an associate director in the research and development department of Cranbury-based Abel. The once high-flying ...
Central: Consulting Firm Acquired
Aug 13, 2007; ... PRINCETON Salary.com of Waltham, Mass, acquired ITG Competency Group in Princeton for $2 million in cash and stock. ITG, a consulting firm, helps ...
South: Trump Rolls Snake Eyes
Aug 13, 2007; ... ATLANTIC CITY Battered by new Pennsylvania slot parlors and a partial smoking ban on New Jersey casinos, Trump Entertainment Resorts Inc. lost $13.5 million in the second quarter, nearly triple the $4.9 million of red ink for the year-ago period. The company-whose Atlantic City properties ...
South: Mmm-Mmmm, Not-So-Good
Aug 13, 2007; ... CAMDEN Campbell Soup Co. may sell its British-based Godiva Chocolatier business, which accounted for about $500 million of the soup maker's $3.3 billion of sales last year. Campbell CEO Douglas Conant says Godiva's premium chocolate business does not fit with ...
M&As / Real Estate / Insider Trading
Aug 13, 2007; ... Seller: Paintbatt 2Xtremes Magazine I Southern Home Re City/State: Sewell Price: not available Percent sought: 100 percent Real Estate Transactions Real estate transaction listings are provided by brokers and their representatives. NJBIZ welcomes your ...