NULL
Read More »
Technology
ATT Cutting 12,000 Jobs, Capex
AT&T Inc. (NYSE: T) this morning said it plans to cut about 12,000 jobs, or about 4 percent of its total work force, starting this month and continuing throughout 2009.
NRG Energy Plans 30 MW Biomass Project in Connecticut
Princeton-based power generator NRG Energy Inc. (NYSE: NRG) plans to equip its power plant in Montville, Conn., to use biomass as fuel for 30 megawatts of its 82-megawatt generating capacity that is currently fueled by oil and natural gas.
Job Cuts at Virgin Mobile USA
Virgin Mobile USA Inc. laid off 23 New Jersey workers as part of broader cost-cutting steps that eliminated 10 percent of the firmÂs work force, according to a company spokeswoman.
Read More »Anadigics to Cut 15 Percent of Work Force
Anadigics Inc. (Nasdaq: ANAD) says the layoffs and other cost-cutting measures are necessary to better match near-term demand for its services.
IPC Systems Sells Business Unit for 167 Million
IPC Systems Inc., a provider of communications solutions in Jersey City, says its command systems business unit, doing business as Positron Public Safety Systems, will be acquired for $167 million by West Corp. in Omaha, Neb.
Read More »AEP Networks Acquires Vados
Peter van de Geest, chief executive officer of Vados, says he is joining AEP, becoming managing director of Europe and Asia for the company.
Read More »Online postings for N.J. jobs fall almost 8 percent
New JerseyÂs online job postings fell 7.7 percent from September to October; New York declined 10.3 percent, California fell 23.8 percent and Illinois dropped 7.9 percent. Most states showed modest gains or losses in online job volume.
Read More »Verizon New Jersey Awarded 20 Million in Tax Breaks
Verizon New JerseyÂs $25 million capital investment in its Newark headquarters comes with roughly $20 million in tax breaks under a new state program that rewards companies that relocate or invest in properties near urban train stations
Read More »5.2B Purchase of DRS Complete
BIZ Around the State
Read More »Meadowlands Commission to Generate Solar Power on Landfill
The New Jersey Meadowlands Commission announced at its monthly public meeting today that it is seeking information for the development of a solar power facility that would generate approximately 5 megawatts of solar energy.
Read More »Lightpath Completes Deal For 4Connections
Business telecommunications provider Optimum Lightpath said today it has completed its acquisition of Parsippany-based 4Connections LLC. Financial terms of the deal were not disclosed.
Read More »
