Wachovia Bank will pay more than $2 million to municipal bond issuers in New Jersey as restitution in a $58.76 million payment settling claims of alleged bid rigging between the bank — acquired in 2008 by Wells Fargo — and state agencies, municipalities, school districts and nonprofits nationwide.Read More »
The Senate commerce committee on Monday unanimously voted in favor of allowing gasoline companies to offer rebates to customers in New Jersey. It now awaits its chance before the full Senate, which could come Dec. 15.
Another round of changes may be in store for the state's Urban Transit Hub tax credit program, which would be amended under a version of the Grow New Jersey incentive bill up for review today by an Assembly committee.
Under a new law enacted this summer, an employee who reports securities fraud to the government could be in line for a big payday. But three months after the new rules have taken effect, the question of whether the program will work — or have any measurable impact — is still hotly debated.
New Jersey is poised to see a huge reduction of harmful air pollutants from a coal-fired Pennsylvania power plant, thanks to the federal Environmental Protection Agency's approval of New Jersey's Clean Air Act petition.
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