In an effort to trim $300 million in Medicaid spending in next year’s budget, New Jersey is seeking federal approval for numerous changes in the program, including seeking competitive bids for its Medicaid managed care contracts, ceasing to enroll additional parents in FamilyCare and bringing behavioral health into the...
The Chris Christie administration said late Thursday it plans to invest New Jersey Turnpike Authority capital funds in a Garden State Parkway infrastructure project that will help bolster the redevelopment of Fort Monmouth, the U.S. Army base scheduled to close in September.
Merck & Co. Inc. released its first-quarter numbers on Friday, announcing that sales of $11.6 billion and a reduction of operating costs led to a jump in net income from $299 million in the first quarter of 2010 to $1.043 billion in the first three months of 2011.
Two bills that have long been supported by New Jersey businesses became law Thursday, as Gov. Chris Christie signed measures to base the corporation business tax solely on sales and to allow small businesses to apply losses to lower their income taxes.
Brick City Development Corp., the economic development arm of Newark, announced Thursday it is developing a strategy to bring large commercial offices to the city on the heels of the recent relocation announcement by PanasonicCorp.’s U.S. operations.