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Latest Headlines

Oct 11, 2012

Continuing unemployment claims drop below pre-recession average

New unemployment claims continued to rise in New Jersey during the week ending Sept. 29, but continuing claims fell below the pre-recession average for the first time since mid-2008.

Oct 11, 2012

Assembly committee OKs health exchange bill over business objections

During testimony today, business advocates said they supported the idea of a state-run health insurance exchange, but not the plans lawmakers have to create it.

Oct 11, 2012

Successful NJIT-Catalent deal shows promise of collaboration

Catalent executive says he was surprised to get weekly updates from NJIT researchers, which allowed the company to focus on the direction of research and avoid potential problems.

Oct 11, 2012

Deals and Moves Oct. 11

Name change, office leases, pharma licensing agreement.

Oct 10, 2012

Edison data center company attracts 90M investment from venture group

IO said the investment will help open new data center hosting sites in Singapore and the United Kingdom by 2014, as well as expand its global sales force, research and development arms, and existing infrastructure in Phoenix and Edison.

Oct 10, 2012

J.H. Cohn completes merger with Reznick Group, creating 11th-largest U.S. accounting firm

Cohn CEO says Resnick’s expertise brings skill sets in new areas, like renewable energy, and a more in-depth real estate practice.

Oct 10, 2012

Atlantic Health continues growth strategy with Chilton merger

Chilton will keep its name; CEO says it doesn’t expect to cut clinical staff as a result of its combination with Atlantic, which has four hospitals in North Jersey.

Oct 10, 2012

N.J. banks awarded 602M in SBA loans in near-record fiscal year

The $602 million from 1,172 SBA loans marks the third-best year in the state’s history. Fiscal 2011 was the state’s second-best year, at $675 million; the New Jersey SBA lending record was set in 2005, at $699 million.

Oct 10, 2012

Deals and Moves Oct. 10

Toys agreement, underwriting partnership, office lease.

Oct 9, 2012

Mobile gaming moves forward as regulations take effect

Atlantic City gamblers will soon be able to step away from the slots and continue placing bets, under state regulations allowing gaming on mobile devices that took effect Monday.

Oct 9, 2012

N.J. improves to 49th in study of tax climate

Tax Foundation says failure to enact millionaire’s tax helped push New Jersey ahead of New York, which fell into last.

Oct 9, 2012

EDA raises transit hub credit cap on residential bids

Residential developers will be eligible to have as much as 35 percent of project costs covered by Urban Transit Hub tax credits, instead of a 20 percent limit that had previously been set for a competition for projects.