New Jersey

The appointment of an emergency manager for Atlantic City has led many to question whether the city is heading for bankruptcy, which would mark long uncharted territory for the Garden State.

The calendar and a stronger sense of storm preparedness will help soften the blow of this winter's first major Northeast blizzard, capital markets observers said Tuesday.

Standard & Poor's dropped Atlantic City, N.J. to a junk-bond rating with a four-notch downgrade and placed the rating on credit watch with negative implications.

The Jan. 22 executive order signed by New Jersey Gov. Chris Christie to appoint an emergency management team to oversee Atlantic City's finances is a credit negative for other struggling Garden State municipalities, according to Moody's Investors Service.

The Port Authority of New York and New Jersey has selected global commercial real estate services firm Cushman and Wakefield to serve as the exclusive retail agent for its Manhattan bus terminal.

The arrival of an emergency manager in Atlantic City, N.J. triggered a six-notch downgrade by Moody's Investors Service Friday, drawing criticism from the city's top financial official.

New Jersey Gov. Chris Christie put his state government in control of struggling Atlantic City Thursday, hiring an emergency manager and naming a key figure in Detroit's bankruptcy case as a consultant.

The pension lawsuit brought against New Jersey Gov. Chris Christie last year is now in the hands of a judge following a five-hour hearing on Jan. 15.

New Jersey Assembly Speaker Vincent Prieto and Senate President Steve Sweeney announced on Jan. 14 that the Port Authority is tabling plans to eliminate overnight PATH train service.

A lawsuit brought against New Jersey Gov. Chris Christie over lack of payments to the state's pension system is headed to a key court date.

New York Gov. Andrew Cuomo and New Jersey Gov. Chris Christie rejected proposed legislation aimed at improving accountability at the Port Authority of New York and New Jersey.

Subaru of America's decision to move its corporate headquarters to Camden, N.J. is a credit positive for one of the nation's poorest cities, Moody's Investors Service said on Dec. 11.

Atlantic City's Ba1 general obligation bond rating has been placed under review for a possible downgrade by Moody's Investors Services in the wake of postponing a planned bond sale.

The Port Authority of New York and New Jersey adopted a 2015 budget Wednesday that keeps operating expenses flat while also addressing capital needs.

Port Authority of New York and New Jersey released its proposed 2015 budget for public review eight days before a scheduled vote on the fiscal plan.

The recent closure of two Atlantic City casinos is a credit negative for the seaside city and New Jersey's Casino Reinvestment Development Authority (CRDA), Moody's Investors Service said on Nov. 24.

The Port Authority of New York and New Jersey won a court battle against the Automotive Automobile Association's efforts to block a planned December toll hike.

Moody's Investors Service upgraded Jersey City, N.J. to A1 from A2, citing rising residential income levels, healthier government balance sheets and improved structural balance.

New Jersey Senate President Stephen Sweeney said Monday that he would submit state legislation that would prop up Atlantic City financially.

Recently there have been signs that Republican opposition to tax rises in New Jersey government has been cracking.