New Jersey Business Report
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NEW YORK (AP) — U.S. stocks have backtracked today amid concern about the outlook for Greece and the risk to the global economy. The declines come a day after the Dow touched the 13,000 level for the first time in more than three years.
WASHINGTON (AP) — A positive trend continues for the U.S. housing market. The National Association of Realtors says sales of previously owned homes rose 4.3 percent last month. Sales stood at the highest level in nearly two years.
ATLANTA (AP) — A federal advisory panel wants all U.S. adults to get vaccinated against whooping cough. The panel has voted to expand its recommendation to include all those 65 and older who haven’t gotten a whooping cough shot as an adult.
WASHINGTON (AP) — Treasury Secretary Timothy Geithner (GYT’-nur) says President Barack Obama’s plan to reduce corporate tax rates would make the tax system more globally competitive. The administration wants to lower the corporate tax rate from 35 to 28 percent. Manufacturers would get incentives making their effective tax rate 25 percent.
FRANKFURT, Germany (AP) — A strike at Germany’s Frankfurt airport that’s caused hundreds of flight cancellations is being halted before new talks aimed at defusing a bitter pay dispute, according to a union. The strikes, which began last week, already have led to the cancellation of hundreds of flights and delays at the airport. It normally sees some 1,300 takeoffs and landings daily.
NEW JERSEY BUSINESS NEWS
BASKING RIDGE, N.J. (AP) — Verizon Wireless has announced that it plans to buy the assets of a service provider in rural New Mexico that will expand its reach in the area. Basking Ridge-based Verizon is buying the wireless operating asset of E.N.M.R Telephone Cooperative, which operates under the name Plateau Wireless.
NEW YORK (AP) — The owner of the New York Knicks has finalized its deal to return the NBA team’s games to about 2 million Time Warner Cable subscribers in the New York area. The Madison Square Garden Company says it agreed to a multi-year deal under which the cable operator will carry its networks MSG, MSG+ and Fuse. A dispute between MSG and Time Warner had left the cable subscribers unable to watch Knicks games since January 1st.
TRENTON, N.J. (AP) — Governor Chris Christie is set to unveil a proposed budget of around $30 billion. The spending plan being announced Tuesday is expected to include the first phase of a three-year income tax cut the Republican governor proposed last month. Analysts say the revenue lost to the tax cut in the next budget will total about $150 million.
ATLANTIC CITY, N.J. (AP) — Casino patrons in Atlantic City will soon be Revel-ing in a new burlesque show. When the Revel casino opens in April, one of its attractions will be “Ivan Kane’s Royal Jelly,” a burlesque show that lends a traditional nightclub with live bands and more than a dozen dancers who fan out into the audience as they strip down. The show is part of an emerging trend in Atlantic City in which casinos are integrating sexy-themed shows into their everyday routines.
(Copyright 2011 by The Associated Press. All Rights Reserved.)
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Romney, Santorum Assail Each Other in Latest Debate February 23, 2012
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Another Day Another Debate February 23, 2012
Knicks Cruise to Win Over Hawks February 23, 2012
Men's Basketball: Rutgers Downed By No. 10 Marquette February 23, 2012
