Friday, April 17, 2015

Business

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Analysts at Moody's Investors Service have again downgraded New Jersey's general obligation bonds, marking the third time the ratings agency has taken such action since Gov. Christie took office in 2010.
The Street: With mortgage rates near two-year lows, many homeowners might be considering refinancing their mortgages. That's OK, but be careful about it, and consider whether you need to buy some time.
The Street: "As tuition costs continue to skyrocket, families can no longer afford to make any mistakes when it comes to paying for college," warns Jack Schact, the founder of Wheaton, Ill.-based MyCollegePlanningTeam.com.
WASHINGTON (AP) - An emergency order requiring trains hauling crude oil and other flammable liquids to slow down as they pass through urban areas and a series of other steps to improve the safety were announced Friday by the Department of Transportation.
LOS ANGELES (AP) - After years of struggling to keep up with Victoria's Secret, Los Angeles-based lingerie brand Frederick's of Hollywood Group Inc. is switching to a web-only retail model.
Reversing his earlier decision, a Pennsylvania labor relations hearing examiner has set in motion the possibility that union carpenters, barred from work at the Convention Center, may be allowed to return.
WASHINGTON (AP) - GlaxoSmithKline is recalling remaining doses of a popular four-in-one flu vaccine because of effectiveness problems.
NEW YORK (AP) - Sony's hacking problems aren't over yet.
A federal judge in Camden on Friday blocked Glenn Straub's short-term plan for restoring electricity to the former Revel Casino Hotel in Atlantic City
In what is described as an effort to be as transparent as possible, the Philadelphia Sheriff's Office has unveiled a Web app offering detailed information on properties scheduled for mortgage foreclosure sale.
Oilfield services company Baker Hughes Inc. says the number of rigs exploring for oil and natural gas in the U.S. declined by 34 this week to 954 amid depressed oil prices.
A line of bike hooks that can unexpectedly detach from their mounting are among this week's recalled consumer products. Other recalls include mattresses that failed flammability standards and truck and motorcycle toys with excessive amounts of lead.
U.S. stocks closed broadly lower Friday. Investors were worried that Greece may default on its debt and exit the euro currency block. Chinese regulators were also taking steps Friday to rein in a runaway stock market there.
NEW YORK (AP) - Generic drugmaker Mylan, citing media speculation that Teva Pharmaceutical may be eyeing it as a takeover target, says it doubts that regulators would approve such a deal and is committed to its current strategy as a stand-alone company.
How other providers stack up against Verizon's new FiOS Custom TV
SAN FRANCISCO (AP) - If you're planning on buying the new Apple Watch, don't expect to walk into a store and leave with one next week.
BEIJING (AP) - China's securities regulator is tightening control over lending to small stock investors in an attempt to cool an overheated stock market.
NEW YORK (AP) - Under pressure from an expanding number of cheaper online video services, the long-dominant bundle of channels offered by pay-TV companies is becoming a bit more flexible.
The Delaware River Port Authority board has dismissed the agency's chief operating officer and launched a nationwide search for a replacement.
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