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Investigators Quest for Answers in Tragic New Jersey Train Crash

Industry, Firm Management , Trending News

Investigators of the train accident seek for answers. The engineer of NJ transit refuse to cooperate.

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US-ENTERTAINMENT-CASINOS-ATLANTIC CITY

New Jersey Will Vote to Decide Casino Expansion in Northern Part of the State

Voters will decide whether to approve the expansion of casino in New Jersey beyond Atlantic City. A referendum will be held in November as state's legislature approved the ballot plan on Monday.

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Trumka Leads AFL-CIO Rally In Support Of Wisconsin Workers

N.J. pension investment fees up at $728 mln in 2015

Public worker unions are raising voice against huge fees and bonuses being paid to private fund managers. New Jersey's (N.J.) government worker pension fund paid $728 million in fees to private fund managers for 2015 year.

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Microscope

New Jersey Biotech Startup Visikol Received $500,000 Investment from Foundation Venture Group

Visikol Inc is a biotech company with focused on tissue visualization. On Tuesday, the company has secured a commitment from Foundation Venture Capital Group

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Years Of Economic Decline Leave One Third Of Atlantic City's Resident In Poverty

Atlantic City Casino’s Revenue Slashes By Half In The Past 9 Years, Sparking Dramatic Steps

Atlantic City casino's revenue reaches its worst gain this year. There is more than half cut since 9 years ago in 2006. The closing of many casinos in Atlantic City has caused 10,000 unemployments. A big plan is prepared by Governor Christie. It is said that Atlantic City will be taken over, but still no details are given.

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Millenials

Millennials living with parents increased, study shows

A new study reveals that the number of millennials living with housemates increased significantly by 39 percent. Make Room is a campaign that aims to end the housing crisis in America.

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Hawaii

Hawaii leads most expensive states in US; New York slips to 3rd position

The latest rankings on most expensive states in the US reveal that New York is no more the most expensive place in America. The Aloha State (Hawaii became Aloha State officially by 1959 Legislative Act) moved up to the top position in the list of most expensive state in the US for first quarter of 2015 from second most expensive state status in 2014.

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Pensioner

Study reveals the U.S. Pension System is short by $1 Trillion

The states of Illinois, Kentucky and Connecticut, according to a study by Pew Charitable Trust, have been found underfunded by at least $1 trillion.

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Gaming Activity in Atlantic City

Atlantic City bankruptcy talk 'premature': turnaround team

It's "premature" to talk about bankruptcy for troubled gaming resort Atlantic City, Detroit's former turnaround expert said Thursday as he signed on with the latest bid to revive a city some see as bound to follow the path taken by the Motor City.

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Gaming Activity in Atlantic City

Judge approves Atlantic City tax deal with Revel Casino

A federal judge said on Tuesday she would approve a $26 million settlement between Atlantic City and the Revel Casino Hotel that will provide much-needed cash for New Jersey's struggling gambling hub and a tax cut for the shuttered gambling complex.

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Caesars Entertainment Corp

New Jersey college buys Atlantic City casino for dorm, branch campus

A New Jersey college said on Saturday it has completed its $18 million purchase of the shuttered Showboat Atlantic City casino resort from Caesars Entertainment Corp (CZR.O), a deal that would usher in a new dormitory and a branch campus.

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Tesla Motors

New Jersey prohibits Tesla from selling cars directly to consumers

New Jersey has joined Arizona and Texas in preventing consumers from buying cars directly from electric car maker Tesla after the New Jersey Motor Vehicle Commission passed a rule on the matter, TechCrunch reported.

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Retirement

Christopher McDonough is now Director of Investments in New Jersey

Christopher McDonough has been named as the new Director of Investments in New Jersey, replacing Timothy Walsh who left the post in August last year, Bloomberg reported.

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Eagle Paint and Wallpaper Inc

New Jersey paint retailers Norton Paint and Eagle Paint merge

Englewood, New Jersey-based paint retailer Eagle Paint and Wallpaper Inc bought troubled Paramus-based rival Norton Paint for an undisclosed sum to gain traction over rivals in the paint industry.

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Beacon Financial Group (BFG)

Connecticut consulting firm CBP buys Beacon Financial, takes majority stake in Beacon Retiree

Stamford, Connecticut-based private consulting firm CBP bought Warren, New Jersey-based employee group benefits firm Beacon Financial Group (BFG) and has taken a majority stake in Beacon Retiree Benefits Group (BRBG) for an undisclosed sum.

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