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Grapevine Brick City Bison, pushing Pascack, recycled dream
Bison may storm NewarkThe NBA Oklahoma City Thunder, with its Rumble the Bison mascot, has made inquiries about a possible move to the Prudential Center when the Nets move to Brooklyn. A move would come as a jolt for Thunder fans. Team Chairman Clay Bennett, an Oklahoma City businessman, bought the Seattle SuperSonics in 2006, […]
Future energy increases could mean savings jump, too
While efficiency upgrades can offer immediate savings on an electric bill, rising energy prices mean the financial benefits of improving a building’s energy efficiency could increase dramatically over time. Charles Dewhurst, national practice leader for natural resources at BDO, said experts predict global demand for energy to jump 40 percent in the next two decades. […]
Energy efficiency means business, savings opportunities
As Edward Fay looked to cut energy use at his 2 million-square-foot hospital, one task glared at the top of his list — the hospital’s two 40-year-old chillers.“They’re absolute energy hogs, off the charts,” said Fay, director of facility operations and safety at Robert Wood Johnson University Hospital, in New Brunswick. “They’re so old, such […]
Primed for steady growth
Primepoint may be rooted in the traditions of a family business, but its willingness to expand its technology into new areas has helped it attract and retain larger clients, helping it record steady growth even in an uncertain economy. Primepoint was a bookkeeping assistance firm when it was started by Bea and Alex Bothwell Sr. […]
On the cutting edge of hospital finances and wellness
When Congress passed health care reform a year ago, Stephen K. Jones was already leading the Robert Wood Johnson Health System in the direction the Affordable Care Act is now trying to move the nation: aligning the business of health care with the goal of making Americans healthier. Jones, president and CEO of the New […]
Federal regulations add ‘rolling standard’
Proposed U.S. Treasury Department regulations that aim to clarify when workers are considered to be full-time employees actually clouds the issue, according to an official with the New Jersey Business and Industry Association. “When I read it I thought it’s yet another way for small-business owners to have to figure out if their employee […]
N.J.’s gaming losses outpace other states
The Garden State’s casino industry got some bad — if not unexpected — news last week.The American Gaming Association released its 2011 State of the States report. It found New Jersey had the largest year-over-year percentage declines in total revenue and tax contributions of any state. From 2009 to 2010, Atlantic City’s gaming revenue fell […]
Watson launches Concerta generic
Parsippany-based Watson Pharmaceuticals Inc. last week launched its authorized generic version of Concerta, Johnson & Johnson’s blockbuster attention deficit hyperactive disorder treatment.The launch stems from an agreement reached last November between Watson and J&J’s Ortho-McNeil-Janssen Pharmaceuticals Inc., which markets Concerta. Under the terms of the deal, Ortho-[...]
Hampshire opens new office in Metropark
The Hampshire Cos. officially opened Centra, its new Class A office property, at 186 Wood Ave. South, in Woodbridge, last week. The Morristown-based real estate investment firm acquired the former Siemens property in 2009, and began construction in February 2010, stripping the building down to the steel, then rebuilding and expanding it by about 10,000 […]
High hopes for Triple Five’s American Dream mega-mall
Canadian conglomerate Triple Five owns and operates the two largest malls in North America — the West Edmonton Mall in Canada and the Mall of America in Minneapolis, but the company is now seeking to outdo its previous efforts by building what would be the largest shopping center in the world, the American Dream Meadowlands. […]
Employers, unions divide on overtime
Employers and management-side labor lawyers are praising a proposed rule change for overtime pay while labor unions are questioning the measure. For seven years, New Jersey employers have had to apply a higher standard than the federal government and most other states in determining whether employees are entitled to overtime pay. Under a rule change […]
Businesses lobby for education reform
When Norm Alworth describes why New Jersey corporations should care about the Opportunity Scholarship Act, he points to the need for a better-educated work force. “If you don’t have a well-trained work force to handle the high-tech jobs that could be coming to the state, you’re at that much more of a disadvantage,” said Alworth, […]
