NJBIZ back issues from December 2008:
Avis Hopes Rate Hike Will Put Brakes on Losses
Dec 01, 2008; ... PARSIPPANY - Vehicle rental company Avis Budget Group Ine, based in the Morris County township, said it would increase rates by $3 per day and $20 per week on certain retail car rentals, effective Dec. 1 . The rate hike goes into effect across the country for airport and certain off-airport car ...
Senior Housing Opens In Monmouth County
Dec 01, 2008; ... MIDDLETOWN - Conifer Realty LLC, a Rochester, N.Y-based real estate developer, last week unveiled a new affordable housing complex called Conifer Village at Middletown The senior living community, a joint venture between Conifer and Middletown Township, consists of 180 one- and two-bedroom ...
Core180 Gets $2.5M For Its Growth Plan
Dec 01, 2008; ... HOBOKEN - Telecommunications network integrator Core180, based in the city, says it secured $2.5 million in financing through a line of credit with Silicon Valley Bank in Santa Clara, Calif. Corel80 says it will use the funding to further the growth of its operations, which include ...
Fusing Work Force, Economic Conference
Dec 01, 2008; ... ATLANTIC CITY - The state Department of Labor and Work- force Development, Economic Development Authority and Office of Economic Growth will host the 2008 Governor's Work Force and Economic Development Confer- ence this week from Dec. 1 to Dec. 3. This will be the first time that the state has ...
CORRECTION
Dec 01, 2008; ... On average, a freight train can move a ton of freight 423 miles on one gallon of fuel. A Sept ....
Foreclosure Victims Get Some Relief
Dec 01, 2008; ... Homeowners in New Jersey facing the risk of foreclosures cheered last week as the state Senate passed a bill that aims to keep them in their homes and expand mortgage refinancing assistance. "The new measures will help keep between 1,500 and 2,000 homeowners that face foreclosure," ...
Corzine Signs First of Pro-Business Bills
Dec 01, 2008; ... TRENTON - Gov. Jon S. Corzine last week signed a bill into law that will permanently extend the number of years companies can spread out net operating losses to 20 years, up from seven. It's the first of several pieces of pro-business legislation - from growth incentives to tax reforms - the ...
Roche Buys Memory To Boost Its Pipeline
Dec 01, 2008; ... NUTLEY - Swiss drug maker Roche, which has its United States headquarters in the township, last week signed a $50 million deal to buy Memory Pharmaceuticals, its Montvale-based partner in develop- ing a drug for Alzheimer's disease. Memory makes drugs for diseases of the central nervous system, ...
Survey: 1 in 5 N.J. Firms Will Shrink Payrolls
Dec 01, 2008; ... Few New Jersey companies plan to hire additional workers in 2009, and one in five say they will shrink their payrolls, according to the results of the 2009 Business Outlook Survey by the New Jersey Business & Industry Association. NJBIA, a Trenton-based business advocacy group, ...
Solid Track Record Helps Store Find a Bank in Town
Dec 01, 2008; ... SAM MSOLDI DIDN'T even have an appointment the first time he walked into Hamilton's Grand Bank to see about a loan to expand and renovate the supermarket he's operated in town for nearly two decades. "I was told, 'the head of commercial lending isn't here today, but the president, Mark ...
Retailers Balance Security, Customer Service
Dec 01, 2008; ... Store owners have lost $42.3B in stolen merchandise since the beginning of the year RETAIL RETAILERS ARE GETTING into the holiday season this week, following the early-morning openings and price slashes of Black Friday the day after Thanksgiving. Traditionally store ...
Still Lending to Those Who Have Solid Credit
Dec 01, 2008; ... Community banks offer insight into how to get a loan BANKING WITH STRONG BALANCE sheets and money to lend as their call- ing cards, commu- nity bankers are shaking hands with customers they've never met before: reputable businesses that suddenly can't get credit. "This is ...
Signing on to Bring Tax Reform to N.J.
Dec 01, 2008; ... Our Point of View NEW JERSEY BUSINESSES had reason to be thankful last week, as Gov. Jon S. Corzine signed a bill to permanently extend the number of years companies can deduct net operating losses to 20 years, up from seven, for tax purposes. The new law comes at a time when ...
Does an Earlier Court Decision Favor Wyeth?
Dec 01, 2008; ... The U.S. Supreme Court ruled early this year that FDA regulations pre-empt, or trump, state law, but that does not mean a slam-dunk for Wyeth, according to a Rutgers law professor. "The [Medical Device Amendments of 1 976] pre-emption clause bars common-law [state] claims challenging the ...
New Jersey: Home of The Executive Branch
Dec 01, 2008; ... Garden State's appeal lures top management here; other operations are housed out-of-state PHARMACEUTICAL THINK OF THE MASKS and gloves your dentist wears - or the towels, wipes and dressings at any clinic - and you have an industry that's the pic- ture of health, even in an ...
Lean Times Are Hard to Swallow
Dec 01, 2008; ... Restaurants cooking up strategies to cope with downturn RESTAURANTS THE ECONOMIC DOWNTURN is taking a bite out of the New Jersey restaurant industry, with experts predicting declining sales and bankruptcy filings at the beginning of next year. But some of the state's restaurants ...
Sowing the Seeds for a New Tomorrow
Dec 01, 2008; ... Board of Contributors WINTER'S COLD economic news is blowing harshly over New Jersey, putting a chill into everyone's bones. But as a gar- dener and ever the optimist, I also see the path to spring and the seeds of new growth in winter's icy grip. With the presidential election ...
Proactive Performance
Dec 01, 2008; ... About three years ago, Newark-based law firm McCarter & English saw a need for a team that could focus on issues related to climate change and sustainable energy initiatives. "We're seeing concern, as clients wait for policies and regulations to emerge, but there is also ...
Helping Trenton Solve the Economic Mess
Dec 01, 2008; ... More than a third of the nearly 225 respondents to NJBIZ's November poll said New Jersey's government can best aid business during this economic climate by lowering taxes. Eighteen percent wanted the state to create more incentive programs to spur job growth, 13 percent said the state should ...
State, Federal Regulation at Stake in Wyeth Case
Dec 01, 2008; ... FDA labeling requirements called into question after Vermont woman lost her arm LAW A U.S. SUPREME COURT case involving a Madi- son-based pharmaceutical company and a Vermont woman who lost her arm could impact drug companies across the country, some experts have ...
A Struggle to Stay Afloat
Dec 01, 2008; ... THE FLAILING ECONOMY that already dealt blows to the housing and retail markets also is striking business service pro-viders, said owners of a diverse pool of companies. For some, it's a struggle just to keep afloat. "We're barely hanging on," said Leroy Brown, owner of LCB Inc. His ...
Feeling the Credit Squeeze
Dec 01, 2008; ... The crunch is complicating restaurants' economic difficulties beyond a shortage of diners, experts say. As purveyors face constraints with lenders, they may limit the amount of goods that restaurants can buy on credit, said Robert Angelone, chief economist at The Epicurus Institute, a ...
Letters To the Editor
Dec 01, 2008; ... Keep Christie in His Crime-Fighting Job I think Jon S. Corzine should explain to President Barack Obama what an effective prosecutor Chris Christie has been. Then, Obama should ignore that Christie is a Republican and keep him as a federal prosecutor, because he has been effective in his ...
Scene
Dec 01, 2008; ... 1 BANKERS HABITAT A group of more than 80 employees from HSBC Bank offices in Bridgewater, northern New Jersey and New York volunteered to assist with habitat restoration efforts currently under way at Duke Farms in Hillsborough. Pictured are HSBC Bank volunteers Bryant Larsen, left, and Apsara ...
Market Pressure Puts Squeeze on Office Suppliers
Dec 01, 2008; ... Industry Report A DEARTH of buyers is keeping some envi- ronmentally friendly office supplies steeply priced, while market pressure is driving suppliers and manufacturers of green products to consolidate. The office supply sector may seem a natural area for green practices to be ...
Tapping Solutions From the Web
Dec 01, 2008; ... Software service supplies savings to businesses on a budget AS BUSINESSES LOOK for ways to be more efficient, some are using software transmitted over the Web to alleviate certain costs and other hassles. Software as a service, or SAAS, lets users access programs through the Web ...
Networking for New Capital, Partnerships
Dec 01, 2008; ... Biotechs are busy pitching this conference season PHARMACEUTICAL 'TIS THE SEASON for health care conferences, and many New Jersey-based phar- maceutical and biotech companies are dispatching senior executives to make presentations to investor audiences. Those strapped for cash ...
Smart Manufacturers Setting Course for Rough Seas
Dec 01, 2008; ... GUEST COLUMN THERE IS NOW no question that we are entering a manufacturing recession - the gross domestic prod- uct showing a decline of 0.3 percent in the third quarter of 2008, the ISM index is at its lowest level in 25 years and factory orders are gradually slowing. Rather ...
Cost-Cutting Done, Pharma Heads Weigh New Challenges
Dec 01, 2008; ... NJBIZ: What did you set out to achieve with the "Progressions" study? Buck Luce: This was a survey of 40 top executives at 15 global pharmaceutical companies to get their perspectives not just on the transforming role of their functions, but also the emerging business model and the ...
Financial Crisis Opens Door for Eager Firms
Dec 01, 2008; ... Fearful clients seek answers as layoffs mount and profits fall AN UNCERTAIN ECONOMY is driving rounds of layoffs at companies across the globe, but some consulting, accounting and law firms are seeing increased business as fearful managers seek answers. As they answer the call to arms, ...
Who's News
Dec 01, 2008; ... Accounting Mercadien P.C. has appointed Kyle Neeld as manager. He is experienced in preparing operational analysis, financial forecasts and financial feasibility studies for both for-profit and nonprofit, long-term care, and multihousing organizations. He is a graduate of Rider ...
Demand for Project Studies Increasing
Dec 08, 2008; ... Real estate pre-purchase surveys help gauge likelihood of return on investment REAL ESTATE AS DEVELOPERS BECOME more cautious about pursuing new projects in a down market and tight lending environ- ment, some New Jersey architecture firms are experiencing increased demand from ...
Bleak Friday Forecasts Chill Coming to New Jersey Retailers
Dec 08, 2008; ... As retailers reported November sales figures, they found little to cheer, even following the mayhem of Black Friday. Ken Perkins, president of research firm Retail Metrics Inc., in Swampscott, Mass., said discounter Wal-Mart saw its same-store sales increase 3.4 percent in November, compared to ...
Corzine Calls for More Federal Regulation
Dec 08, 2008; ... PHILADELPHIA - Gov. Jon S. Corzine last week proposed a plan to help the nation emerge from the recession, during a speech to an audience that included President-elect Barack Obama. Corzine's speech, at a meeting of the National Governors Association in the city, called for government-assisted ...
Wilshire Enterprises Terminates Merger
Dec 08, 2008; ... NEWARK - Wilshire Enterprises Inc. (Amex: WOC) announced last week that it has terminated its merger agreement with NWJ Apartment Holdings Corp., an affiliate of New York-based multifamily real estate investor and redeveloper NWJ Cos. Wilshire, a Newark-based real estate owner and ...
High Concrete to Stop Production in N.J.
Dec 08, 2008; ... BUENA - By early February, Denver, Pa.-based precast materials supplier High Concrete Group will discontinue production at its facility in the Atlantic County borough of Buena, according to John Sandy, a company spokesman. The move will affect about 75 percent of the more than 70 employees at ...
Recession Settles In for Long Stay
Dec 08, 2008; ... Economists expect lasting pain in jobs, real estate, restaurants, retail ECONOMY NOW THAT THE ECONOMIC crisis is officially a recession, business owners - uninterested in what it's called - want to know when it will end. There's no crystal ball in hand, but experts generally ...
V8 Is Going to Vending Machines
Dec 08, 2008; ... CAMDEN - Campbell Soup Co., based in the city, last week said that it is puttingits V8 brand vegetable juice in vending machines for the first time. The move is intended to increase distribution of the beverage. Campbell said Coca-Cola Enterprises will distribute six flavors of V8 ...
Huge Layoffs at Linens Headquarters
Dec 08, 2008; ... CLIFTON - The winding down of the bankrupt home furnishings retailer Linens 'n Things, based in the Passaic County city, offers an example of the extent of collateral damage in a bankruptcy. By Dec. 15, it plans to lay off 519 of its roughly 600 employees at its headquarters, according to a ...
SBA Loans Get More Attractive
Dec 08, 2008; ... Key constraint is lifted, could spur investment BANKING SMALL-BUSINESS LOANS should get more attractive in the coming months for both lending banks and buyers of those portfolios in the secondary market, thanks to a series of government initiatives announced in recent weeks, ...
Enzon Halts Spinoff Of Biotech Division
Dec 08, 2008; ... BRIDGEWATER - Enzon Pharma- ceuticals announced last week that it will withdraw its plan to spin off its biotechnology business, Evivrus, into a separate public company. The Somerset County- based biopharmaceutical company said it instead will focus on improv- ing its operating efficiency, and ...
At Islamic Banks, a Different Kind of Interest
Dec 08, 2008; ... Growing Muslim population necessitates alternative lending practices, business models BANKING ROMA FINANCIAL CORP., a banking organization started by a group of Italian-Americans in 1920, is looking to grow by setting up a new program targeting another ethnic group: religious ...
Firm 'Breaks Ground' On New Headquarters
Dec 08, 2008; ... TRENTON - Clark Caton Hintz, a Trenton-based architecture firm, will begin construction this week on the site of its new headquarters - the third floor of the Trenton Masonic Temple in the city. The company will spend nearly $3.5 million to renovate the third-floor space - which has remained ...
Refinancing Deals March On, Despite Credit Crunch
Dec 08, 2008; ... Jersey City-based Provident Bank, real estate developer PRC Croup, of West Long Branch, and the Florham Park office of financial services firm Holliday Fenoglio Fowler last week pulled off a unique $21.4 million refinancing deal for a multifamily property portfolio. The refinancing covers 360 ...
Sharia-Compliant Programs at a Glance
Dec 08, 2008; ... About 19 years ago, Belle Meade resident Aly Aziz ran a Sharia-compliant lending program for the Princeton office of American Finance House, a Pasadena, Calif-based financing company. In its heyday, he said, the company was closing 20 to 30 commercial and personal loans a month, for items ...
What's Next in Wireless?
Dec 08, 2008; ... Virgin Mobile USA Inc.'s success in adding more subscribers and its focus on the future thrust Peter Lurie, a co-founder, into the spotlight at a recent panel discussion on what's next in wireless at The Wireless World conference, presented by the New Jersey Technology Council at the New Jersey ...
Keys to Eliminating Nervous Communication Habits
Dec 08, 2008; ... The Bottom Line Question: Why do so many of us get nervous when speaking in public? Adubato: Regardless of how experienced we are as communicators, when it comes to standing up and speaking in front of a group of 10, 100 or even 1,000 people, our nerves can often get the best of ...
Lawsuit Spurs Franchise Meltdown
Dec 08, 2008; ... 3 shops sue ice cream franchiser for fraud LAW SOMESWEETDEALS for an ice cream and candy store franchise have suffered a meltdown, according to a lawsuit working its way through a Monmouth County court. A total of 10 individuals and three companies from New Jersey, ...
New Jersey Chamber of Commerce/NJBIZ Poll
Dec 08, 2008; ... How does the amount of bonuses your company plans to distribute at the end of this year compare to last year? * Much higher * Somewhat ...
In Shaky Times, Wireless Offers Strong Signal
Dec 08, 2008; ... As the economy copes with slowed business, providers with growth plans remain profitable TECHNOLOGY WARREN - While much of the consumer sector struggles to lure dollars from an increasingly cost- conscious public, companies in the wireless market with smart growth plans have a ...
Name that SWOON
Dec 08, 2008; ... Entries to the Editor Editor's note: Well before the current economic crisis was officially labeled a recession, we asked readers to give a name to the slowdown - and have received a flood of entries. Think you can do better than these? Tell us what you'd call the recession. The ...
Letter to the Editor
Dec 08, 2008; ... Decline in Diners Could Mean Demise of Local Restaurants I just wanted to comment on the great article "Lean Times are Hard to Swallow" (Dec. 1 issue) . I am a small-restaurant owner and caterer in Livingston that has been open for three years. It really is a scary time for our ...
Primed to Lend a Boost to Businesses
Dec 08, 2008; ... Our Point of View SMALL-BUSINESS LENDING unwrapped its biggest present early this year, when the Small Business Administration decided last month to allow banks to use either the LIBOR or prime rate when calculating the interest charged on loan products, in a move that's hoped to spur ...
Raising Environmental Managers from the Ground Up
Dec 08, 2008; ... NJBlZ: Can you tell me about the doctoral environmental management program? Sarkar: We offer a degree in environmental management, called DEnvM. This program has 18 students at this point, out of which eight are full-time doctoral students that are supported by the state. It started in ...
Lenders Offer Tougher Terms
Dec 08, 2008; ... WHILE WOMEN are still getting financing to start and expand a business, the terms are less liberal than a year ago, some experts said. "This is a difficult time, to say the least, but financing is available for a well-managed business with a strong plan and strong financiáis," said ...
Scene
Dec 08, 2008; ... 1 DOGDAYSUnitedTefctechFínandalemployees and family members participated in the Monmouth County Sodety for the Prevention of Cruelty to Animals' annual Dog Walk and Pet Fair held at Brookdale Community College. Pictured is UTF employee Kysha Melvin. 2 GOLDEN BUSINESS Roman Jewelers of ...
Rebuilding N.J.'s Economy, Infrastructure
Dec 08, 2008; ... Board of Contributors WHILE CONGRESS debates billion-dollar bailouts for bankers and automakers, state government and President-elect Barack Obama increasingly favor investment in infrastructure as the most effective way to counter the j ob losses striking industries nationwide. New ...
Different Possibilities Through Real Estate Upgrades
Dec 08, 2008; ... GUEST COLUMN EVEN IN THE current economic climate, different people see different possibilities for the future. There is always a flip side to our view of what's to come. Walter Cronkite once said, "When I go, I'd like to go like Errol Flynn - on the deck of my 70-foot yacht with ...
Entrepreneurs Explore New Trajectories in Trying Economy
Dec 08, 2008; ... WITH THE ECONOMY heading south, some of New Jersey's women business owners are tak- ing their companies in a new direction, employing a different business focus or changing their business models in order to keep their firms viable. After launching The Professional Women's Center in ...
A Meaningful Slice of Government's Procurement Pie
Dec 08, 2008; ... Women-owned firms aim to secure more contracts IT'S TAKEN NEARLY a decade, but 2009 could be the year that women-owned businesses carve a meaningful slice of the federal government's $373 billion procurement pie. In the meantime, women-owned firms and other small businesses can ...
Wrapping Things Up
Dec 08, 2008; ... Some women close their businesses, others see opportunity in crunch A TOUGH ECONOMfC climate is having a dual impact on New Jersey's women-owned businesses: while some women are taking the plunge and launching new businesses, others are throwing in the towel and rejoining the work force ...
Bankruptcies / M&As / Real Estate / Insider Trading
Dec 08, 2008; ... Bankruptcies Bankruptcy listings are obtained from federal courthouse records and organized by the office in which they were filed. CAMDEN Monroe Center II Urban Renewal Co. LLC 720 Monroe St. Unit C308 Hoboken, 07030 Chapter 11, filed: ...
Calendar
Dec 08, 2008; ... How To/Training 12/9 Tuesday 8 to 10:30 a.m. The 51 Fated Business Errors. The New Jersey Chamber of Commerce. Ridgewood Country dub, 96 W Midland Ave., Paramus. Cost $75. (201) 343-5558. 12/9 Tuesday 10 a.m. to 1 p.m. Personal Branding Class. The New Jersey Association of Women ...
For the Record
Dec 08, 2008; ... Accounting Elizabeth LaCorte has been promoted to manager of the accounting firm Mercathen P.C. She is involved in the firm's business investigation services and bankruptcy and insolvency groups. She has expertise in records examination to determine fraudulent and hidden assets, internal ...
Wyndham Leaves Securitization Market
Dec 15, 2008; ... PARSIPPANY - Wyndham World-wide Corp., based in the Morris County township, announced last week that it plans to reduce the sales pace of its Wyndham Vacation Ownership unit, to allow the company to exit the asset-backed securities market and increase cash flow. Assetbacked securities are ...