Thursday, February 23, 2012

Recent Business News from NJ.com

New Jersey Business

Johnson & Johnson's choice of Gorsky as new CEO reflects importance of Synthes deal, observers say
2/22/2012 5:46 PM

The 51-year-old Gorsky, who oversees Johnson & Johnson’s medical device business, was named as CEO William Weldon’s successor on Tuesday.

Colo. company to build large warehouses along Arthur Kill waterway in Perth Amboy
2/22/2012 5:45 PM

Officials did not estimate the number of jobs that would result from the project

Ask the Biz Brain: Can I cash out my death benefit policy?
2/22/2012 2:41 PM

Reader asks about extracting money from an accidental-death benefit policy purchased as a credit card offer.

Assembly committee to consider bill to raise minimum wage to $8.50 -- vote in the poll
2/22/2012 1:43 PM

Should the hourly minimum wage in New Jersey be raised to $8.50? Jersey Journal file photoAssemblyman Vincent Prieto of Secaucus, one of the sponsors of a bill that would raise the state's hourly wage rate to $8.50. Under the...

EPA chief says fracking regulations don't have to be federal
2/22/2012 10:32 AM

States are right to take the lead on the issue of hydraulic fracturing, or fracking, said Environmental Protection Agency head Lisa Jackson during an event at the Richard Stockton College of New Jersey.

Hartz Mountain, Roseland Properties planning 1,000-unit residential building on Jersey City waterfront
2/22/2012 9:27 AM

Reena Rose Sibayan/The Jersey Journal99 Hudson St. in Jersey City is a parking lot now, but Hartz Mountain Industries and Roseland Properties announced plans today to develop a 1,000-unit residential building on the site. Hartz Mountain Industries and Roseland Property...

Losses at Dell send Wall Street lower
2/22/2012 8:57 AM

U.S. stocks declined, a day after the Standard & Poor’s 500 Index failed to hold at an almost four-year high, as Dell Inc. tumbled and reports from Europe and China fueled concern about the global economy.

Hundreds of items left at U.S. Customs up for sale at biannual auction Thursday
2/22/2012 7:30 AM

A bright yellow Vespa is sitting in a warehouse in Linden, off Route 1, and it could be yours later this week.

Johnson & Johnson names Alex Gorsky as CEO Weldon's successor
2/21/2012 8:39 PM

Gorsky, 51, is in line to take the reins of Johnson & Johnson after two rocky years that many observers believe has shattered the company’s sterling reputation

New Jersey's top Wall Street cop reaches out to adviser firms
2/21/2012 6:05 PM

A provision of the 2010 Dodd-Frank Act requires so-called midsized investment advisers, or those that manage asset pools of between $25 million and $100 million, to switch from federal to state regulation.