New Jersey Business

Alex Gorsky to Be Named Ceo of Johnson & Johnson

* Weldon to Remain Chairman of the Board of Directors New Brunswick-based Johnson & Johnson has named Alex Gorsky chief executive officer (CEO) of Johnson & Johnson effective April 26, the date of the company's annual meeting of shareholders.

Banking-On-the-Go

According to Angelo Valetta, chief information officer of Sun National Bank, there are currently 200-250 million consumers that bank on-the-go and that number is just going to keep rising. Besides being able to check account balances, make payments and see transactions, many banks offer GPS functionality in their applications.

Building Momentum

[...]of this pre-leasing, we estimate that future demand has been reduced by 10 percent." "Corporate America is still trying to figure out ways to save money, and almost every tenant we speak to is looking to save," Greiner says. Besides simply taking less space, that need segues into flight to quality: "Companies can go from a B building to an A for pretty much the same rate." While building its 5,000-unit residential portfolio, Hartz Mountain successfully leased and renewed over 5.7 mil...

Crude Awakening

[...]it was in 1885 when the trustees of SOHIO took advantage of New Jersey's lenient corporate stock ownership laws to charter the Standard Oil Company of New Jersey (SOCNJ). Besides the refinery, ConocoPhillips operates a polypropylene plant at the location which produces 660 million pounds of the chemical, used in a variety of plastic products from cars, lawn furniture, computers, bottles, cups, carpeting and clothing.

Legal Wills

Estate Tax Exemptions Highlighting a specific reason for updating wills, attorneys detail the interplay between New Jersey estate tax laws on the one hand, and federal estate tax laws on the other. Sandra Brown Sherman, a partner in the tax, trusts and estates practice at the law firm of Riker, Danzig, Scherer, Hyland & Perretti, LLP, explains, "We have seen a lot of estates come into this office in which they did not update their old wills, and as a result, the surviving spouse is payin...

Solar Still Shines

[...]Bayshore implements an array of renewable energy sources to help fuel its businesses, including 9,365 solar panels, which power about 40 percent of the soil remediation plant's electrical needs. While this is ambitious, readers should remember the growth and magnitude of Bayshore's operations: among other things, it now has 165 full-time employees working on a 52-acre site. [...]Montecalvo and Sondermeyer are industry veterans, with Sondermeyer having worked three decades at the New Je...

The Medicines Company Finds Success in New Jersey

"Clive was able to get Hirulog(R) approved by the FDA in 2000 and that really was the key decision to move to New Jersey," says Glenn Sblendorio, executive vice president and chief financial officer of The Medicines Company.

Trending Green

Hess Energy Solutions provides the following services: fuel conversions, demand response offerings, energy efficiency/sustainability, energy asset optimization and guaranteed cost energy management. * LS Power Breaks Ground on Gas-fired Power Facility LS Power Company breaks ground on a new 738-mW natural gas-fired electrical power generating facility.