Apr 19, 2007

Xechem Gets Balance of 7 Million Debt Package

The New Brunswick-based biopharmaceutical company closed on the first $4.9 million of the package on April 4.

Apr 17, 2007

VioQuest Selling Chiral Quest to Management Group for 3M

The sale of Chiral Quest is valued at up to $3 million; $1.7 million in cash is expected to be paid to VioQuest Pharmaceuticals upon closing.

Apr 16, 2007

Thomas Pharmaceuticals Registers for Spinoff to Shareholders

If the SEC approves, iVoice common stock holders will receive shares of Thomas common stock.

Apr 16, 2007

Scrutinizing the Troubled Pension Plan

Policies behind a huge shortfall come under fire.

Apr 13, 2007

Payroll Outsourcing Gone Wrong

The Business Office leaves clients in hot water with IRS.

Apr 13, 2007

Preparing an IPO

Comverge Inc. says it plans to sell about 4.7 million shares of common stock for $15 to $17 per share.

Apr 13, 2007

SBA Guarantees More Loans, But For Less Money

The agency approved more loans than in the first six months of the previous year when it approved 1,683, but they totaled fewer dollars than last year’s $294 million.

Apr 12, 2007

Vonage Chief Executive Officer Resigns

Vonage CEO Michael Snyder stepped down as of yesterday, to be replaced by founder Jeffrey Citron.

Apr 11, 2007

Glowpoint Awarded Patent for Video Operator Services

The patent relates to its Systems and Methods for Live Video Operator Services that enables a user to reach a live video operator and receive face-to-face assistance solely by dialing 000.

Apr 11, 2007

N.J. Pension Head Says Fund is Not Violating IRS Rules

New Jersey State Treasurer Bradley Abelow appeared in front of the Senate Budget and Appropriations Committee this morning to address concerns about how the state has funded its retirement plans.

Apr 11, 2007

Citigroup to Cut 17,000 Jobs

The New York City-based financial services giant Citi estimates that it will eliminate about two percent of its New Jersey jobs.

Apr 10, 2007

Survey Reveals Concerns of Mid-size Companies

The DAK Group survey showed that 83 percent of respondents expect revenue to increase, down from 89 percent in 2006.