J&J reports $10.7B quarterly loss, blaming tax reform

Johnson & Johnson was hit with massive quarterly loss, which it is associating with the recent U.S. tax changes. The New Brunswick-based health care giant said Tuesday it lost $10.7 billion, or $3.99 a share,...

Greetings from N.J.: Indiana officials learn from state

The three-county area has a population of more than 750,000. Its business heads and officials from its numerous municipalities know they need to work together better, leveraging their strength as a region, but they can’t...

Tip change could cost N.J. workers $119M/yr., study says

A proposed U.S. Department of Labor rule that would allow employers to take employees’ tips if they pay minimum wage could cost New Jersey workers more than $119.7 million a year, according to revised...

Why tax talk could hurt Newark’s chances at HQ2

Newark has worked hard to overcome the remains of a negative national perception — one that most professionals in economic development no longer feel is valid. Its efforts to land Amazon’s HQ2 headquarters project, for...

EisnerAmper adds tax partner to personal wealth advisers

Accounting and advisory firm EisnerAmper LLP has added a tax partner in its Personal Wealth Advisors Group, it announced recently. Dane Dickler has joined the firm’s Metro Park office in Iselin, where he will specialize...

Born in Hoboken, FinTech ‘graduates’ to NYC

Stevens Institute of Technology’s STEM startup incubator, Stevens Venture Center, has “graduated” its first company, FinTech Studios, and is overseeing its transition from Hoboken to offices near Manhattan’s World Trade Center. The company is the...

EY opens 170K-square-foot office in Hoboken

Accounting giant EY, also known as Ernst & Young, has opened a new 170,000-square-foot office and learning center in Hoboken, it announced. The facility at 121 River St. will employ 1,000 new workers, and is...

New Providence consulting company acquired

New Providence-based brokerage and consulting firm The Daniels Group has been acquired by Arthur J. Gallagher & Co., according to a statement from the global insurance, risk management and consulting company. The Daniels Group has...

Red Bank holding company goes private in merger

Red Bank’s ZAIS Group Holdings Inc. has signed a merger agreement with Z Acquisition LLC, a Delaware-based entity. ZAIS’ founder, Christian Zugel, will act as the sole managing member of Z Acquisition. "On behalf of Z...

Wealth advisers: Tax changes are chance to study options

Like anyone even vaguely connected to the financial services industry, wealth management professionals see the Republican tax reform bill as presenting a highly consequential juncture for their sector. Roy Williams, president and founder of Prestige...

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BetterPlanet Challenge: Ideas to create more electrified transportation options wanted

Ralph Izzo, the chair and CEO of Public Service Enterprise Group, said he can’t understand it. “When you look at the conditions in New Jersey,...

On Earth Day, Murphy announces strategy for resiliency

There’s a coastal resilience plan, a promise to build resilient and healthy communities, promoted coordinated government — and strengthening the resilience of the state’s...

PSEG donates $150K to Food Bank of South Jersey

In a gift that could feed as many as 500,000 people, Public Service Enterprise Group and the PSEG Foundation donated $150,000 to the Food...

Spencer closes on largest loan in its history

Spencer Savings Bank, based in Elmwood Park, announced it has secured the largest single transaction in its history, closing on a $22 million loan...

Bowman, Richardson added to D&I Council at NJBIA

Rodric Bowman with the American Red Cross and Claude Richardson with Delta Dental of New Jersey have been added as co-chairs to the Diversity...