NJBIZ - Morning Roundup http://www.njbiz.com/section/roundup Morning Roundup News en-us Copyright 2015 NJBIZ Fri, 03 Jul 2015 21:45:37 EST Fri, 03 Jul 2015 21:45:37 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709928&source=RSS Large Voorhees communications firm closes abruptly More than 150 employees at Star Group Communications in Voorhees &#8212 one of the largest woman-owned marketing and communications firms, with multiple locations around the country &#8212 found out via a memo and statement on the company's website Tuesday evening that the company had abruptly closed after 30 years in business. Thu, 02 Jul 2015 16:03:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709928&source=RSS http://www.njbiz.com/article/20150703/NJBIZ01/150709931&source=RSS Showboat situation gets murkier The Showboat real estate deal has escalated into a standoff between two parties, each side offering its own interpretations of the dealings. The only question now is which side will blink first. Thu, 02 Jul 2015 15:07:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709931&source=RSS http://www.njbiz.com/article/20150703/NJBIZ01/150709933&source=RSS Yelp sale process to stall as founder decides to wait Yelp Inc. , which hired Goldman Sachs Group Inc. to find a buyer, has temporarily decided not to pursue a sale, people with knowledge of the matter said. Thu, 02 Jul 2015 14:58:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709933&source=RSS http://www.njbiz.com/article/20150703/NJBIZ01/150709934&source=RSS N.J. leads nation in all-cash home purchases, report finds Nearly half of the homes sold in New Jersey in May went to buyers who paid all cash, according to a new report, giving the state the largest share of those types of purchases in the country. Thu, 02 Jul 2015 14:56:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709934&source=RSS http://www.njbiz.com/article/20150703/NJBIZ01/150709935&source=RSS Unemployment falls to lowest level in 7 years The weather is warming up in America and so is the economy. U. S. unemployment fell to 5. 3, its lowest level since April 2008, according to the latest government data released Thursday. It was an even healthier rate than many economists predicted and brings America back to a rate last seen before the financial crisis. Thu, 02 Jul 2015 14:54:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709935&source=RSS http://www.njbiz.com/article/20150703/NJBIZ01/150709936&source=RSS Most-read Celgene buying 1.3M sq. ft. Merck complex in Summit Celgene Corp. has agreed to purchase the vacant 1. 3 million-square-foot Merck Co. complex in Summit, adding to what is already a quickly growing footprint in the pharmaceutical giant's home city. Thu, 02 Jul 2015 14:52:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709936&source=RSS http://www.njbiz.com/article/20150703/NJBIZ01/150709937&source=RSS Saint Barnabas gets new CEO, president Saint Barnabas Medical Center in Livingston has a new chief executive officer and president, parent Barnabas Health announced Thursday. Thu, 02 Jul 2015 14:50:00 EST http://www.njbiz.com/article/20150703/NJBIZ01/150709937&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709955&source=RSS Officials break ground on Holtec site in Camden Officials gathered at the southern end of the Camden waterfront on Wednesday to break ground on the much anticipated Holtec International project. Thu, 02 Jul 2015 08:44:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709955&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709956&source=RSS Most-read Chubb sold for 28.3B to Swiss insurer ACE Limited, a global property and casual insurer based in Switzerland, is buying Warren-based insurance company Chubb Corporation for approximately 28. 3 billion in cash and stock, the companies announced Wednesday. Thu, 02 Jul 2015 08:41:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709956&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709957&source=RSS Hampton-based biotherapy company announcement management additions Bellerophon Therapeutics Inc. , a clinical-stage biotherapeutics company based in Hampton, announced Wednesday that it has hired two additions to its management team. Thu, 02 Jul 2015 08:40:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709957&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709958&source=RSS Edison-based food equipment manufacturer hires new president IMA Dairy Food USA, which serves the dairy and food industries, announced Wednesday that it has hired industry veteran Patrick Carroll as president. Thu, 02 Jul 2015 08:39:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709958&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709959&source=RSS Celgene buying 1.3M sq. ft. Merck complex in Summit Celgene Corp. has agreed to purchase the vacant 1. 3 million-square-foot Merck Co. complex in Summit, adding to what is already a quickly growing footprint in the pharmaceutical giant's home city. Thu, 02 Jul 2015 08:39:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709959&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709960&source=RSS QA Newark's mayor talks about his surprising alliance with Christie Last Friday, Newark Mayor Ras Baraka joined Gov. Chris Christie in announcing what they described as the beginning of the end of the state&#8217s 21 years of controlling the city&#8217s public schools. Thu, 02 Jul 2015 08:37:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709960&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709961&source=RSS 6 choices for Chris Christie's vice president Member of Congress or a state official? Tea Party favorite or more moderate voting record? What about foreign policy experience? From what part of the country? What about a vanquished rival? How about a woman or a Latino? Thu, 02 Jul 2015 08:36:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709961&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709962&source=RSS Toll cut could be coming for regular Delaware River commuters Some South Jersey commuters could get a 20-percent toll cut this month, after the Delaware River Port Authority finance committee voted Wednesday morning to restore a discount for people who regularly cross the agency's four bridges linking New Jersey and Pennsylvania. Thu, 02 Jul 2015 08:33:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709962&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709963&source=RSS Another state drops PARCC tests, report says Ohio has become the latest state to drop the controversial Partnership for Assessment of Readiness for College and Careers exams, according to a report. Thu, 02 Jul 2015 08:32:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709963&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709964&source=RSS Billion-dollar bloodlines America's richest families 2015 Great fortunes don&#8217t always last. New technology trumps the old, trends wane, management stumbles. Yet a few of the families who made FORBES second annual ranking of America&#8217s Richest Families &#8211we capped the list at 200 members this year &#8212 have withstood such challenges. Thu, 02 Jul 2015 08:31:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709964&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709965&source=RSS How Facebook and Campbell Soup are trying to read your mind Facebook Inc. this spring commissioned a San Francisco company called SalesBrain to gauge how consumers responded to ads viewed on a smartphone versus a TV screen. Neural researchers used various sensors to measure perspiration, heart rate, eye movement, and brain activity of the 70 participants. Their conclusion People get more out of. . . Thu, 02 Jul 2015 08:29:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709965&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709966&source=RSS Hillary Clinton raises a record 45 million in first quarter of presidential campaign Hillary Clinton's presidential campaign raised at least 45 million during its first quarter, her campaign told Bloomberg on Wednesday. Thu, 02 Jul 2015 08:28:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709966&source=RSS http://www.njbiz.com/article/20150702/NJBIZ01/150709967&source=RSS Macy's dumps Donald. Now you can get a Trump suit for 60 off! Macy's has become the latest corporate giant to part ways with Donald Trump. The retailer said Wednesday that it would stop selling the Donald Trump line of menswear on its shelves since 2004, saying it was &#8220disappointed and distressed&#8221 by the presidential candidate's recent remarks about Mexican immigrants. Thu, 02 Jul 2015 08:27:00 EST http://www.njbiz.com/article/20150702/NJBIZ01/150709967&source=RSS