NEWARK, N.J. – New Jersey Transit paid $4.4 million to purchase office space at its Newark headquarters that it did not use due to renovations during a two-year lease. Continue Reading Below Hartz Mountain Industries sold the 10th floor of Two Penn Plaza East to NJ Transit on Oct. 11, […]
FOX Business News
Pennsylvania casino regulators hand down record fines
HARRISBURG, Pa. – Pennsylvania’s casino gambling regulators slapped Mohegan Sun Pocono with record fines totaling $1 million for what it called failing to follow internal controls and doing business with unlicensed vendors. Continue Reading Below The fines of $450,000 and $550,000, approved Wednesday by the Pennsylvania Gaming Control Board, were […]
Treading dangerously: Lax safety inside Goodyear tire plants
Goodyear Tire & Rubber Co. is among the deadliest manufacturers in the nation for workers – resulting in deaths of five workers since 2015 – and the company’s safety lapses have also contributed to deaths of motorists on the road, a six-month investigation by Reveal from The Center for Investigative […]
Here’s How Alcoa Inc. Crushed It in 2017
Alcoa (NYSE: AA) investors weathered a good bit of upheaval in recent years as the company battled a slump in commodity markets, rolled up a number of new businesses, and eventually split itself in two. The end result was a business tailor-made for the 2017 global economy, and shares that […]
Better Buy: Berkshire Hathaway vs. Wells Fargo
For anyone who has even a glancing acquaintance with the finance sector, Berkshire Hathaway (NYSE: BRK-A)(NYSE: BRK-B) and Wells Fargo (NYSE: WFC) need little introduction. Berkshire, of course, is the vehicle of ace investor Warren Buffett, while Wells Fargo is one of the “big four” U.S. banks with a nationwide […]
Disney CEO Iger will stay through 2021, mandate for 21st Century Fox Deal
Robert Iger, would was likely to leave his post as chairman and CEO of Disney (DIS) in July 2019, will now stay on through 2021, a condition required for Disney’s purchase of assets of 21st Century Fox (FOXA). Continue Reading Below “I made it a condition of the deal that […]
European Central Bank leaves rates, stimulus plans unchanged
FRANKFURT, Germany – With the eurozone economy showing strong growth, the European Central Bank left its interest rates and stimulus measures unchanged Thursday as it looks ahead to the delicate matter of ending its bond-purchase program next year. Continue Reading Below Investors are now waiting for President Mario Draghi’s news […]
Israeli drugmaker Teva to cut quarter of global work force
JERUSALEM – Teva Pharmaceutical Industries Ltd., the world’s largest generic drugmaker, on Thursday said it would lay off 14,000 workers as part of a global restructuring meant to salvage its ailing business. Continue Reading Below The company said the layoffs represent over 25 percent of its global workforce. The job […]
European Central Bank leaves interest rates and bond-purchase stimulus levels unchanged
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The Latest: Putin warns US not to use force against N Korea
MOSCOW – The Latest on the Russian president’s annual news conference (all times local): Continue Reading Below 2:15 p.m. Russian President Vladimir Putin has warned the U.S. not to use force against North Korea, adding that the consequences will be “catastrophic.” Speaking Thursday at his annual news conference, Putin said […]