Business news, stock listings, multimedia, forums, links and more for Monmouth County and Ocean County, NJ. http://www.app.com en-us Copyright 2012, app.com SaxoTech Online Sat, 26 May 2012 00:00:00 00 Sat, 26 May 2012 01:40:34 00 15 Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250094/1003/BUSINESS&source=rss In an April 16 photo, trader Richard Newman, left, works on the floor of the New York Stock Exchange. ASSOCIATED PRESS NEW YORK — Another flare-up in Europe's debt crisis knocked U.S. markets lower Friday. This time, it was more trouble at a major Spanish bank. Fri, 25 May 2012 16:43:00 00 http://www.app.com/article/20120525/NJBIZ/305250094/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250083/1003/BUSINESS&source=rss A worker at Criterion Chocolates in Eatontown begins making salt water taffy by pouring in corn syrup in this 2010 file photo. NJ PRESS MEDIA NEW YORK — What defines sugar? It's getting to be a stickier question. The Sugar Association is accusing the makers of high fructose corn syrup of trying to candy-coat their image by calling their product a 'sugar.' The Corn Refiners Association is firing back by ca Fri, 25 May 2012 15:19:00 00 http://www.app.com/article/20120525/NJBIZ/305250083/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250084/1003/BUSINESS&source=rss Jean Kelly shares a moment with her grandson Will Hill of Bridgewater at the Raritan Health and Extended Care Center in Raritan in this 2008 file photo. NJ PRESS MEDIA Finding the right nursing home for an elderly loved one is a daunting task. And it's one most of us will face, as two-thirds of people over 65 will need nursing home care, at least temporarily, according to AARP. Fri, 25 May 2012 15:19:00 00 http://www.app.com/article/20120525/NJBIZ/305250084/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250081/1003/BUSINESS&source=rss In this 2010 file photo, David Simon, CEO of Indianapolis-based Simon Property Group speaks at the Economic Club of Indiana's speaker series luncheon at the Indiana Convention Center in Indianapolis. Simon is the highest paid CEO at a publicly held company in America in 2011, according to calculations by Equilar, an executive compensation data firm, and The Associated Press. ASSOCIATED PRESS NEW YORK — Profits at big U.S. companies broke records last year, and so did pay for CEOs. The head of a typical public company made $9.6 million in 2011, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm. Fri, 25 May 2012 14:35:00 00 http://www.app.com/article/20120525/NJBIZ/305250081/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250080/1003/BUSINESS&source=rss JPMorgan Chase & Co. Chairman and CEO Jamie Dimon accepts his award during the Intrepid museum's 21st annual 'Salute to Freedom' dinner Thursday in New York. AFP/Getty Images WASHINGTON — JPMorgan Chase CEO Jamie Dimon is being asked to appear before a Senate panel next month to answer questions about the bank's $2 billion-plus trading loss. The Senate Banking Committee on Friday scheduled a June 7 hearing for Dimon to testify. Fri, 25 May 2012 14:22:00 00 http://www.app.com/article/20120525/NJBIZ/305250080/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250068/1003/BUSINESS&source=rss Signs advertising that each item of merchandise is on sale for one euro are seen in a discount shop in central Athens on Friday. ASSOCIATED PRESS ATHENS, GREECE — A left-wing, anti-bailout party in Greece has extended its lead ahead of next month's election, according to a new poll. Fri, 25 May 2012 10:22:00 00 http://www.app.com/article/20120525/NJBIZ/305250068/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250067/1003/BUSINESS&source=rss WASHINGTON — The U.S. government says China has made progress in allowing its currency to rise against the dollar and is declining to accuse the nation of manipulating its currency to gain a trade advantage. Fri, 25 May 2012 10:16:00 00 http://www.app.com/article/20120525/NJBIZ/305250067/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120525/NJBIZ/305250065/1003/BUSINESS&source=rss In a 2011 file photo, specialist Michael Gagliano, foreground right, works at a post on the floor of the New York Stock Exchange. ASSOCIATED PRESS NEW YORK — U.S. stocks are opening mixed as traders worry that European leaders don't have a concrete plan for dealing with Greece's financial troubles. Major indexes flitted between small gains and losses in the opening minutes of trading. Fri, 25 May 2012 10:10:00 00 http://www.app.com/article/20120525/NJBIZ/305250065/1003/BUSINESS&source=rss Business By Michael L. Diamond | | @mdiamondapp http://www.app.com/article/20120524/NJBIZ/305240088/1003/BUSINESS&source=rss A couple enters a real estate agent's open house in Brielle in 2011. NJ PRESS MEDIA FILE Mortgage rates reached a new low this week, a government-backed company reported Thursday, offering more of an incentive to consumers who want to purchase homes but previously balked because it was too expensive. Fri, 25 May 2012 01:48:00 00 http://www.app.com/article/20120524/NJBIZ/305240088/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240087/1003/BUSINESS&source=rss Employees chat under screens showing falling stocks at the Athens Stock Exchange, in red, in Athens, Thursday. ASSOCIATED PRESS ATHENS, GREECE — European leaders insist they want to keep Greece in the eurozone, but are putting off any agreement on how they hope to accomplish that. Thu, 24 May 2012 18:07:00 00 http://www.app.com/article/20120524/NJBIZ/305240087/1003/BUSINESS&source=rss Business | Bloombeg News http://www.app.com/article/20120524/NJBIZ/305240080/1003/BUSINESS&source=rss A magnifying glass is posed over a monitor displaying a Facebook page in Munich. Associated Press Ryan Cefalu, who lives with his wife and two kids in Baton Rouge, La., saw in Facebook Inc.'s much-anticipated initial public offering a chance to buffer his retirement fund. Thu, 24 May 2012 16:52:00 00 http://www.app.com/article/20120524/NJBIZ/305240080/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240078/1003/BUSINESS&source=rss In a photo made May 7, trader John Vaccarine, right, works on the floor of the New York Stock Exchange in New York. ASSOCIATED PRESS NEW YORK — The Dow Jones industrial average closed with modest gains, led by a 3 percent jump in Hewlett-Packard. Stocks flipped between gains and losses Thursday, after a meeting of European leaders failed to deliver new steps to ease the region's debt crisis. Thu, 24 May 2012 16:34:00 00 http://www.app.com/article/20120524/NJBIZ/305240078/1003/BUSINESS&source=rss Business | Usa Today http://www.app.com/article/20120524/NJBIZ/305240076/1003/BUSINESS&source=rss Junior Matheo (center) and his brother, Isiah (right), both of Asbury Park, play with the Bernoulli's Balancing Ball, watched by Manasseh Joyner of Neptune in this 2006 file photo at Liberty Science Center. The Jersey City museum is one of the places that offers free admission one weekend a month for people who have Bank of America credit cards. NJ PRESS MEDIA There are lots of ways to save money on your summer vacation. Go for one week instead of two. Drive instead of fly. Stay in a hotel with free breakfast and eat enough to last you until dinner. Thu, 24 May 2012 16:03:00 00 http://www.app.com/article/20120524/NJBIZ/305240076/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240070/1003/BUSINESS&source=rss Traders work in the oil options pit at the New York Mercantile Exchange, Thursday. ASSOCIATED PRESS NEW YORK — Oil bounced back Thursday, a day after falling below $90 per barrel for the first time in months. Benchmark U.S. oil rose 84 cents to $90.74 per barrel in late afternoon trading in New York. Thu, 24 May 2012 14:41:00 00 http://www.app.com/article/20120524/NJBIZ/305240070/1003/BUSINESS&source=rss Business | Bloombeg News http://www.app.com/article/20120524/NJBIZ/305240046/1003/BUSINESS&source=rss In a 2011 photo, consumers apply for Costco membership at the Costco Wholesale store in Glendale, Calif. Costco's fiscal third-quarter net income climbed 19 percent on lower asset charges and the wholesale club pulled in more money from membership fees. ASSOCIATED PRESS Costco Wholesale Corp., the largest U.S. warehouse-club chain, posted third-quarter profit that topped analysts' estimates as margins improved for the first time in more than a year. Thu, 24 May 2012 10:58:00 00 http://www.app.com/article/20120524/NJBIZ/305240046/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240045/1003/BUSINESS&source=rss In this 2010 file photo, a man walks into a Tiffany store on Wall Street in New York. Tiffany & Co. cut its outlook for both sales and profit for the year, citing a slowdown in demand for its jewelry not only in the U.S. but in many other countries. ASSOCIATED PRESS NEW YORK — Tiffany & Co. cut its outlook for both sales and profit for the year, citing a slowdown in demand for its jewelry not only in the U.S. but in many other countries. Thu, 24 May 2012 10:54:00 00 http://www.app.com/article/20120524/NJBIZ/305240045/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240044/1003/BUSINESS&source=rss This image provided by Yahoo shows the company's 'Axis' app for iPad. The tool, also available for iPhone and iPod Touch, alters browsers made by other companies so search results can be displayed in a more convenient and compelling format. ASSOCIATED PRESS SAN FRANCISCO — Joining the battle to redefine Internet search, Yahoo is taking aim with a new browser enhancement it calls 'Axis.' It alters browsers made by other companies to display search results in a more convenient and visual format. Thu, 24 May 2012 10:52:00 00 http://www.app.com/article/20120524/NJBIZ/305240044/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240043/1003/BUSINESS&source=rss WASHINGTON — Orders for long-lasting U.S. factory goods edged up slightly in April. But a measure of tracks business investment spending fell for a second straight month. Thu, 24 May 2012 10:48:00 00 http://www.app.com/article/20120524/NJBIZ/305240043/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240040/1003/BUSINESS&source=rss WASHINGTON — U.S. bank earnings rose in the first three months of the year to the highest level in nearly five years. The number of troubled banks fell for the fourth straight quarter. The Federal Deposit Insurance Corp. Thu, 24 May 2012 10:34:00 00 http://www.app.com/article/20120524/NJBIZ/305240040/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240039/1003/BUSINESS&source=rss WASHINGTON — The Supreme Court says home loan applicants cannot sue a mortgage company for charging them a loan discount fee without giving them a loan discount. Thu, 24 May 2012 10:30:00 00 http://www.app.com/article/20120524/NJBIZ/305240039/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120524/NJBIZ/305240030/1003/BUSINESS&source=rss In an April 12 file photo, New York Stock Exchange Governor Nicholas Briganti, center, works with traders on the floor of the New York Stock Exchange. ASSOCIATED PRESS NEW YORK — Stock indexes are little changed in early trading after a European economic summit delivered no concrete solutions for the region's debt troubles. Tiffany & Co. plunged 5 percent after the luxury retailer cut its 2012 sales forecast. Thu, 24 May 2012 10:06:00 00 http://www.app.com/article/20120524/NJBIZ/305240030/1003/BUSINESS&source=rss Business Associated Pess http://www.app.com/article/20120524/NJBIZ/305240025/1003/BUSINESS&source=rss WASHINGTON — The number of people seeking unemployment benefits changed little last week, signaling modest job growth. The Labor Department said Thursday that weekly applications for benefits dipped by 2,000 to a seasonally adjusted 370,000. Thu, 24 May 2012 09:19:00 00 http://www.app.com/article/20120524/NJBIZ/305240025/1003/BUSINESS&source=rss Business Babaa Otutay, Associated Pess http://www.app.com/article/20120524/NJBIZ/305240022/1003/BUSINESS&source=rss NEW YORK — Facebook's initial public offering is the subject of two congressional inquiries and mounting lawsuits as the social network enters its fifth day of public trading. The shares regained some ground Wednesday, rising $1, or 3.2 percent, to close at $32. Thu, 24 May 2012 08:13:00 00 http://www.app.com/article/20120524/NJBIZ/305240022/1003/BUSINESS&source=rss Business http://www.app.com/article/20120524/NJBIZ/305240007/1003/BUSINESS&source=rss The layette and maternity area of Cottontails resale store, Tinton Falls. Photo Courtesy of Cottontails This week, we feature Diane Weber of Cottontails Children's Consignment Shop in Tinton Falls. Wed, 23 May 2012 17:46:00 00 http://www.app.com/article/20120524/NJBIZ/305240007/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230080/1003/BUSINESS&source=rss This 2009 file photo shows an oil pump working in the Persian Gulf desert field of Sakhir, Bahrain. ASSOCIATED PRESS NEW YORK — The price of oil dropped below $90 per barrel Wednesday, the latest milestone in a weeks-long decline brought on by uncertainty surrounding economies from Europe to China. Benchmark U.S. crude fell by $1.95 to end at $89.90 per barrel. Wed, 23 May 2012 20:22:00 00 http://www.app.com/article/20120523/NJBIZ/305230080/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230076/1003/BUSINESS&source=rss This Feb. 21 file photo shows a Hewlett Packard logo in Frisco, Texas. Hewlett-Packard said Wednesday that it's laying off 27,000 workers, or 8 percent of its work force, as it restructures the business. The Palo Alto, Calif., company said it'll save $3 billion to $3.5 billion annually from cost cuts, including the layoffs. Hewlett-Packard Co. expects to complete the job cuts by the end of fiscal 2014. ASSOCIATED PRESS SAN FRANCISCO — Hewlett-Packard Co. plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers. Wed, 23 May 2012 16:59:00 00 http://www.app.com/article/20120523/NJBIZ/305230076/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230081/1003/BUSINESS&source=rss The premarket price for Facebook stock is shown, Wednesday at the Nasdaq MarketSite in New York. ASSOCIATED PRESS NEW YORK — Facebook is in talks with the New York Stock Exchange to move its stock from the Nasdaq Stock Market after a botched initial public offering on Friday, according to a person familiar with the matter. Wed, 23 May 2012 16:57:00 00 http://www.app.com/article/20120523/NJBIZ/305230081/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230079/1003/BUSINESS&source=rss French President Francois Hollande, gestures as he speaks to reporters upon his arrival for an EU summit, at the European Council building in Brussels Wednesday. The leaders of the 27 countries that make up the European Union meet in Brussels to try and find a way to keep the debt crisis in Europe from spiraling out of control and promote jobs and growth. ASSOCIATED PRESS BRUSSELS — Europe's leaders gathered in Brussels under mounting pressure to soften their tough-love approach to the weaker economies among them. Wed, 23 May 2012 16:43:00 00 http://www.app.com/article/20120523/NJBIZ/305230079/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230075/1003/BUSINESS&source=rss Premarket prices for Nasdaq stock, left, and Facebook stock are shown, Wednesday at the Nasdaq MarketSite in New York. ASSOCIATED PRESS NEW YORK — Stocks ended the day mixed after a sharp recovery in the last hour of trading. The Dow Jones industrial average closed down seven points Wednesday at 12,496. The Standard & Poor's 500 index rose two points to 1,319. The Nasdaq rose 11 points to 2,850. Wed, 23 May 2012 16:30:00 00 http://www.app.com/article/20120523/NJBIZ/305230075/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230073/1003/BUSINESS&source=rss DETROIT — U.S. safety officials have added the 2012 model year to an investigation of engine fires in the Chevrolet Cruze. Wed, 23 May 2012 16:20:00 00 http://www.app.com/article/20120523/NJBIZ/305230073/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230046/1003/BUSINESS&source=rss Construction workers finish up on a new home seen for sale Wednesday in Springfield, Ill. Americans bought more new homes in April, the latest signal that the U.S. housing market is steadily improving. Associated Press WASHINGTON — Americans bought more new homes last month, the latest evidence that the U.S. housing market could be starting to recover. Wed, 23 May 2012 12:43:00 00 http://www.app.com/article/20120523/NJBIZ/305230046/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230056/1003/BUSINESS&source=rss A financial news stock ticker on Morgan Stanley headquarters carries a headline about Facebook Wednesday in New York. Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started trading. ASSOCIATED PRESS NEW YORK — Facebook's stock is climbing higher, a reprieve for shareholders after the stock's rocky inaugural trading day Friday was followed by a two-day decline. Facebook Inc.'s stock is up $1.03, or 3.3 percent, to $32.03. Wed, 23 May 2012 12:39:00 00 http://www.app.com/article/20120523/NJBIZ/305230056/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230051/1003/BUSINESS&source=rss AUSTIN, MINN. — Foodmaker Hormel Foods Corp. said Wednesday its fiscal second-quarter profit rose 17 percent, boosted by strong results at its Jennie-O Turkey Store business and higher demand for Spam. Wed, 23 May 2012 10:53:00 00 http://www.app.com/article/20120523/NJBIZ/305230051/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230049/1003/BUSINESS&source=rss In this April 13 photo, a department store employee, dressed as the Chinese God of Fortune, waits to hand out coupons packed in red envelopes, used by Chinese to pack monetary gifts, at a commercial street in central Beijing, China. China's Cabinet promised Wednesday to step up efforts to reverse a steep slowdown in the world's second-largest economy and said it would encourage private investment in energy and other state-dominated industries. ASSOCIATED PRESS BEIJING — China's Cabinet promised Wednesday to step up efforts to reverse a steep slowdown in the world's second-largest economy and said it would encourage private investment in energy and other state-dominated industries. Wed, 23 May 2012 10:49:00 00 http://www.app.com/article/20120523/NJBIZ/305230049/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230047/1003/BUSINESS&source=rss PITTSBURGH — American Eagle Outfitters Inc. said Wednesday that its first-quarter profit jumped 40 percent, boosted by a steep increase in sales and efficiency improvements. Wed, 23 May 2012 10:47:00 00 http://www.app.com/article/20120523/NJBIZ/305230047/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230045/1003/BUSINESS&source=rss French President Francois Hollande, right, looks at Spain's Prime Minister Mariano Rajoy during their meeting in Elysee Palace, Paris on Wednesday. ASSOCIATED PRESS PARIS — Spain can't continue much longer with its current high borrowing rates, the prime minister warned Wednesday as he urged a joint European response to keep the region's debt problems from getting worse. Wed, 23 May 2012 10:41:00 00 http://www.app.com/article/20120523/NJBIZ/305230045/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230044/1003/BUSINESS&source=rss NEW YORK — Macy's Inc. said Wednesday that it acquired a stake in the operator of a Chinese online retailer, which will start selling some of the department store chain's private label merchandise next spring. Wed, 23 May 2012 10:39:00 00 http://www.app.com/article/20120523/NJBIZ/305230044/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230043/1003/BUSINESS&source=rss In an April 16 photo trader Richard Newman, left, works on the floor of the New York Stock Exchange. ASSOCIATED PRESS NEW YORK — Stocks fell on Wall Street Wednesday as leaders of the 27 European Union countries gather in Brussels to debate how best to spur growth there. Wed, 23 May 2012 10:39:00 00 http://www.app.com/article/20120523/NJBIZ/305230043/1003/BUSINESS&source=rss Business Macy Godon, Associated Pess http://www.app.com/article/20120523/NJBIZ/305230034/1003/BUSINESS&source=rss WASHINGTON — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst's negative report about the company before the stock started t Wed, 23 May 2012 08:27:00 00 http://www.app.com/article/20120523/NJBIZ/305230034/1003/BUSINESS&source=rss Business By Michael L. Diamond | @mdiamondapp http://www.app.com/article/20120523/NJBIZ/305230086/1003/BUSINESS&source=rss Laurie Carloni, owner of the Evergreen Inn in Spring Lake Heights, paints the door frame of her inn's new massage room. KEITH J. WOODS/SPECIAL TO NJ PRESS MEDIA For three years, Laurie Carloni, the owner of the Evergreen Inn in Spring Lake Heights, heard reports that the economy was on the mend, only to turn around and see her hopes dashed. Wed, 23 May 2012 23:24:00 00 http://www.app.com/article/20120523/NJBIZ/305230086/1003/BUSINESS&source=rss Business | Staff And Wie Epot http://www.app.com/article/20120523/NJBIZ/305230069/1003/BUSINESS&source=rss College of St. Elizabeth graduate Charita Taliaferro gets congratulated by her parents Sharon and Edward Taliaferro of Jersey City following the 2011 graduation ceremony in Morristown. NJ PRESS MEDIA Imagine if retirement were financed by scholarships, grants and loans. You could qualify for a substantial aid package to pay for your senior years. Your stellar job 'grades' and career achievements would be rewarded with significant merit aid. Wed, 23 May 2012 20:19:00 00 http://www.app.com/article/20120523/NJBIZ/305230069/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120523/NJBIZ/305230095/1003/BUSINESS&source=rss NEW YORK — The threat of a financial crisis spreading from Europe shook markets on Wednesday. The Dow Jones industrial average was down 60 points to 12,443 in late afternoon. Wed, 23 May 2012 20:22:00 00 http://www.app.com/article/20120523/NJBIZ/305230095/1003/BUSINESS&source=rss Business By Michael L. Diamond | | @mdiamondapp http://www.app.com/article/20120522/NJBIZ/305220058/1003/BUSINESS&source=rss Gil Medina, the executive managing director if Cushman & Wakefield of New Jersey, makes comments during the summit. KATHY JOHNSON/STAFF PHOTOGRAPHER NEW BRUNSWICK — Gov. Chris Christie has transformed New Jersey's business climate for the better, the state's CEOs seem to agree. Now if only it would translate into stronger job growth. Tue, 22 May 2012 20:48:00 00 http://www.app.com/article/20120522/NJBIZ/305220058/1003/BUSINESS&source=rss Business By Bob Jodan | | @bjodanapp http://www.app.com/article/20120522/NJBIZ/305220078/1003/BUSINESS&source=rss Rumson-Fair Haven Bank & Trust Co.'s headquarters in Rumson in a 2005 photo. NJ PRESS MEDIA Little Silver resident F. James Hutchinson has been tabbed as chairman of the board at Rumson-Fair Haven Bank & Trust Co., which has five branches and $226 million in assets. Tue, 22 May 2012 17:21:00 00 http://www.app.com/article/20120522/NJBIZ/305220078/1003/BUSINESS&source=rss Business | Bloombeg News http://www.app.com/article/20120522/NJBIZ/305220076/1003/BUSINESS&source=rss In this May 18 photo provided by Facebook, Facebook founder, Chairman and CEO Mark Zuckerberg, center, rings the Nasdaq opening bell from Facebook headquarters in Menlo Park, Calif. Robert Greifeld, second from right, CEO of the Nasdaq-OMX Stock Market, Inc., said Sunday the stock exchange is 'humbly embarrassed' by its bungling of Facebook's debut. Facebook's stock was expected to start trading at 11 a.m. Friday, but didn't open until 11:32 a.m., and some investors didn't learn for hours whether their orders went through. ASSOCIATED PRESS Let the Facebook Inc. finger-pointing begin. Tue, 22 May 2012 17:05:00 00 http://www.app.com/article/20120522/NJBIZ/305220076/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220074/1003/BUSINESS&source=rss NEW YORK — The maker of a new DVR that lets consumers zap away broadcast TV commercials at the touch of a button suggested Tuesday that the networks are being short-sighted in opposing the technology. Tue, 22 May 2012 16:57:00 00 http://www.app.com/article/20120522/NJBIZ/305220074/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220071/1003/BUSINESS&source=rss A dog is seen during a Tuesday march by about 500 anti-austerity protesters in central Athens, as a banner reads 'bailout agreements are annulled on the streets.' Greece gets underway for crucial June 17 elections with the vote is seen as a choice on whether debt-stricken Greece stays in the euro. ASSOCIATED PRESS NEW YORK — Stocks are closing mixed after news out of Greece yanked indexes lower shortly before the closing bell. The Dow Jones industrial average dropped 2 points Tuesday to close at 12,503. Tue, 22 May 2012 16:33:00 00 http://www.app.com/article/20120522/NJBIZ/305220071/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220047/1003/BUSINESS&source=rss Merck & Co. CEO Kenneth Frazier speaks at an event at Penn State in State College, Pa., earlier this month. ASSOCIATED PRESS BRIDGEWATER — Merck & Co. CEO Kenneth Frazier told company shareholders on Tuesday that 2012 and 2013 will be difficult years, but he's confident the company can weather them. Tue, 22 May 2012 16:17:00 00 http://www.app.com/article/20120522/NJBIZ/305220047/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220069/1003/BUSINESS&source=rss This undated photo provided by Motorola shows newly appointed CEO Dennis Woodside. Woodside was previously president of Google's Americas region. ASSOCIATED PRESS SAN FRANCISCO — Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing. Tue, 22 May 2012 15:53:00 00 http://www.app.com/article/20120522/NJBIZ/305220069/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220052/1003/BUSINESS&source=rss In a photo made May 7, trader John Vaccarine, right, works on the floor of the New York Stock Exchange in New York. ASSOCIATED PRESS NEW YORK — An encouraging report on the housing market helped stocks turn higher on Tuesday while Facebook took another fall. The Dow Jones industrial average rose 52 points to 12,556 an hour after the opening bell. Tue, 22 May 2012 11:19:00 00 http://www.app.com/article/20120522/NJBIZ/305220052/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220051/1003/BUSINESS&source=rss The Nasdaq MarketSite logo is juxtaposed with the news 'zipper' headline about Facebook stock, in New York's Times Square, Monday. ASSOCIATED PRESS NEW YORK — Shares of Facebook took another tumble Tuesday, continuing a downward spiral that began at the start of the week. Tue, 22 May 2012 11:17:00 00 http://www.app.com/article/20120522/NJBIZ/305220051/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220050/1003/BUSINESS&source=rss Alexis Tsipras, center, the leader of Greece's anti-austerity Syriza coalition, arrives for a press conference with leaders of Germany's Left Party Klaus Ernst, left, and Gregor Gysi in Berlin, Germany, on Tuesday. ASSOCIATED PRESS BERLIN — The leader of Greece's radical left Syriza coalition is warning that austerity measures championed by German Chancellor Angela Merkel could ultimately bring down the eurozone as whole. Tue, 22 May 2012 11:15:00 00 http://www.app.com/article/20120522/NJBIZ/305220050/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220048/1003/BUSINESS&source=rss PARIS — The 17-country eurozone risks falling into a 'severe recession,' the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the Tue, 22 May 2012 11:13:00 00 http://www.app.com/article/20120522/NJBIZ/305220048/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220045/1003/BUSINESS&source=rss MIAMI — Restaurant chain Benihana Inc. has agreed to be taken private in a deal worth about $296 million. Tue, 22 May 2012 10:17:00 00 http://www.app.com/article/20120522/NJBIZ/305220045/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220044/1003/BUSINESS&source=rss In this 2011 file photo, a Best Buy employee looks over a cell phone contract for a customer at a Best Buy in Mountain View, Calif. Best Buy Co.'s fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Its adjusted earnings and revenue both topped Wall Street's expectations. ASSOCIATED PRESS MINNEAPOLIS — Best Buy Co. said Tuesday that its fiscal first-quarter profit dropped 26 percent on restructuring charges as the struggling electronics retailer began implementing its turnaround plan. Tue, 22 May 2012 10:15:00 00 http://www.app.com/article/20120522/NJBIZ/305220044/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220043/1003/BUSINESS&source=rss A box of Cheerios is seen in this 2009 file photo. General Mills, the maker of Cheerios, plans to cut about 850 jobs. NJ PRESS MEDIA MINNEAPOLIS — General Mills says it's cutting about 850 jobs as part of a plan to lower costs and boost efficiency. Tue, 22 May 2012 10:11:00 00 http://www.app.com/article/20120522/NJBIZ/305220043/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120522/NJBIZ/305220041/1003/BUSINESS&source=rss WASHINGTON — Americans bought more previously owned homes in April, a hopeful sign that the weak housing market is gradually improving. Tue, 22 May 2012 10:07:00 00 http://www.app.com/article/20120522/NJBIZ/305220041/1003/BUSINESS&source=rss Business | Bloombeg News http://www.app.com/article/20120521/NJBIZ/305210073/1003/BUSINESS&source=rss Comcast Corp., the biggest U.S. broadband provider, is teaming up with other large cable companies to create a nationwide network of Wi-Fi hot spots, helping them fend off competition from phone carriers. Mon, 21 May 2012 17:37:00 00 http://www.app.com/article/20120521/NJBIZ/305210073/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120521/NJBIZ/305210070/1003/BUSINESS&source=rss Television correspondent Sabrina Quagliozzi reports from inside the Nasdaq MarketSite in New York's Times Square, Monday. Facebook's stock tumbled well below its $38 IPO price in the social network's second day of trading as a public company on Monday. ASSOCIATED PRESS NEW YORK — Facebook's stock tumbled well below its $38 IPO price in the social network's second day of trading as a public company on Monday. By the market's close, Facebook's stock was at $34.03, down 11 percent from Friday's closing price of $38.23. Mon, 21 May 2012 16:57:00 00 http://www.app.com/article/20120521/NJBIZ/305210070/1003/BUSINESS&source=rss Business | Associated Pess http://www.app.com/article/20120521/NJBIZ/305210065/1003/BUSINESS&source=rss Farmer Leo Kissling puts together the week's shares for the members of the community supported agriculture program that he runs at Three Pines Farm in Jackson in this 2011 file photo. IAN C. BATES/STAFF PHOTOGRAPHER We hear it time and time again — 'Eat your veggies!' From the grocery aisle to the farmers market, vegetables are plentiful. But it is all too easy to wind up with wan, dried-out carrots from the supermarket or overpriced broccoli from a farm stand. Mon, 21 May 2012 16:43:00 00 http://www.app.com/article/20120521/NJBIZ/305210065/1003/BUSINESS&source=rss