Accounting changes that would require companies to report more of their leases as assets and liabilities may encourage businesses to structure shorter-term rental agreements that could hamper the ability of lessors to predict cash flows, according to Fitch Ratings.
Federal Reserve Chairman Ben S. Bernanke defended the central bank’s record stimulus program under questioning from lawmakers, telling them that ending it prematurely would endanger a recovery hampered by high unemployment and government spending cuts.
Jersey City Councilman Steven Fulop, who quit Sanford C. Bernstein & Co.’s trading desk to run for mayor, ousted incumbent Jerramiah Healy, whose administration was caught up in an FBI investigation and who was once photographed on his porch drunk, unconscious and naked.
Jersey City Mayor Jerramiah Healy, 62-year-old veteran of political hazards that include a drunken nude photo and an FBI sting, wants a third full term. Backing him are President Barack Obama and Newark Mayor Cory Booker.
AstraZeneca Plc and Cubist Pharmaceuticals Inc. are among the suitors that made first-round bids for Optimer Pharmaceuticals Inc., the antibiotics maker weighing a sale, said people familiar with the matter.
Brandon Freiman was sizing up water investments for KKR & Co.’s $4.6 billion infrastructure fund in 2011 when he came across a debt-burdened New Jersey city that Tony Soprano skirts by to open the Time Warner Inc. HBO series.
Knight Capital Group Inc., the market- maker that agreed to be sold to Getco LLC following a computer error, reported a quarterly loss as trading slowed and the company sold its institutional fixed-income business.
They played in a ramshackle ballpark on the prairie during the most trying economic period of modern times. The stands were separated from the field by chicken wire, the locker room had no showers, fans parked their cars in the outfield. This was baseball in Bismarck, North Dakota, in the 1930s.