Money Newjerseynewsroom.com News for New Jersey http://www.newjerseynewsroom.com/money/ Thu, 28 May 2015 20:14:34 +0000 Joomla! 1.5 - Open Source Content Management en-gb N.J. Consumers and Their Fight With Sirius XM Radio http://www.newjerseynewsroom.com/economy/nj-consumers-and-their-fight-with-sirius-xm-radio box_optBY JEFF LAMM
SPECIAL TO NEWJERSEYNEWSROOM.COM
NEWARK – New Jersey consumers who believe they are entitled to restitution under a recent multi-state settlement with Sirius XM Radio Inc., must file their complaints with the New Jersey Division of Consumer Affairs by May 3.

The settlement, announced in December 2014, resolves allegations that the satellite radio company violated consumer protection laws through a variety of misleading, unfair, and deceptive business practices. According to consumer complaints, these included failure to honor contract cancellation requests, the automatic renewal of contracts without consumers’ consent, and the charging of unauthorized fees, among other things. Sirius has agreed to pay a total of $3.8 million to the participating states, including $114,982 to New Jersey, and to provide restitution to eligible customers.

“Today we are issuing an important reminder to New Jersey consumers: If you believe you were affected by Sirius Radio’s alleged unfair practices, and have not yet filed a complaint with the Division of Consumer Affairs, you should contact the Division as soon as possible. The deadline for those seeking restitution is May 3rd,” Acting Attorney General John J. Hoffman said.

Affected consumers can contact the Division of Consumer Affairs by calling 800-242-5846 (toll-free within New Jersey) or 973-504-6200. Consumers also can file complaints electronically through the Division’s newly redesigned website, www.NJConsumerAffairs.gov.

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Economy Fri, 24 Apr 2015 05:17:52 +0000
Mega Millions Winning Numbers for Friday Worth $194 M http://www.newjerseynewsroom.com/economy/mega-millions-winning-numbers-for-friday-worth-194-m mega_opt_copy_copy_copy_copy_copy_copy_copy_copy_copy_copyBY BOB HOLT
NEWJERSEYNEWSROOM.COM

Summer vacation for some lucky Mega Millions player has a chance to become a lot better. Sixteen consecutive Mega Millions drawings have now taken place without a jackpot winner.

The game's grand prize is now sitting at just under $200 million for the drawing of May 22.

The Mega Millions website reports that the estimated annuity jackpot for the drawing of Friday, May 22 has now reached $194 million, and the lump sum payout is $117 million. The winning Mega Millions numbers for the drawing of May 19 were 10, 12, 21, 29, and 65, and the Mega Ball was 10.

USA Mega reports that one ticket from Ohio matched the first five numbers right without having the Mega Ball to win second prize money of $1 million.

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Economy Fri, 22 May 2015 15:44:36 +0000
Meadowlands Casino by the Numbers http://www.newjerseynewsroom.com/economy/meadowlands-casino-by-the-numbers roulette020910_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

Atlantic City’s monopoly on casino gambling might be ending soon- it’s just a matter of when.

A proposal for The Hard Rock Casino is expected to be unveiled at the Meadowlands Racetrack next week.

NJ.com reported that Hard Rock International and Meadowlands Racing and Entertainment officials said, "A casino at the Meadowlands could generate more than $400 million in yearly revenue, which could fund critical priorities, such as property tax relief for seniors and veterans' programs, in addition to helping rebuild Atlantic City and create more than 10,000 jobs in the area."

Meadowlands Racing Chairman Jeff Gural said the casino would be built next to the new $88 million Meadowlands grandstand.

According to an Associated Press report on The News Tribune, Gural said that while Atlantic City casinos have an 8 percent tax rate, the new operation would pay 55 percent in taxes on its winnings. In 2014, Atlantic City dropped from 12 to 8 casinos. The resort city’s winnings from gamblers have fallen from $5.2 billion in 2006 to $2.74 billion last year.

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Economy Wed, 27 May 2015 16:26:03 +0000
Mega Millions Drawing for May 8 Worth $126 Million http://www.newjerseynewsroom.com/economy/mega-millions-drawing-for-may-8-worth-126-million megmillions030811_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

Twelve consecutive Mega Millions jackpot drawings have now gone by without a winner, representing great news for some potential grand prize winner on Friday.

No tickets matched all five numbers and the Mega Ball on Tuesday, May 5, meaning the top prize will grow on Friday.

The estimated annuity jackpot for the Mega Millions drawing on Friday May 8 has now risen to $126 million, according to the Mega Millions website. The game’s more popular choice, the lump sum payout, now stands at $78.1 million. The winning numbers for the Mega Millions drawing of May 5 were 11, 21, 42, 62, and 71, and the Mega Ball was 7.

USA Mega reported that one ticket from Florida matched the first 5 numbers correct without getting the Mega Ball to win second prize money of $1 million. Nice consolation prize.

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Economy Fri, 08 May 2015 15:48:21 +0000
Mega Millions Winning Numbers for Tuesday Worth $214 M http://www.newjerseynewsroom.com/economy/mega-millions-winning-numbers-for-tuesday-worth-214-m mega_opt-1BY BOB HOLT
NEWJERSEYNEWSROOM.COM

It's now been more two months since we've seen a Mega Millions jackpot winner. That $58 million prize was won by a group of workers in Manhattan on March 24.

Now we look up and see that after seventeen consecutive Mega Millions drawings without a top prize winner, the Mega Millions jackpot has cleared $200 million.

According to the Mega Millions website, the annuity jackpot for the Mega Millions drawing of Tuesday, May 26 is now sitting at an estimated $214 million, and the cash option value is a rather massive $130.6 million. Winning Mega Millions numbers for the drawing of Friday, May 22 were 3, 14,15, 25, and 48. The Mega Ball was 8.

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Economy Tue, 26 May 2015 20:03:58 +0000
Mega Millions winning numbers for May 12 Gets Winner $140 Million http://www.newjerseynewsroom.com/economy/mega-millions-winning-numbers-for-may-12-gets-winner-140-million megmillions030811_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

The warm springtime weather is continuing in New Jersey, and the Mega Millions jackpot is heating up right along with it.

The thirteenth consecutive drawing without a top prize winner took place on Friday, and that grand prize is now heading toward $150 million.

The Mega Millions website is reporting that the annuity jackpot for the game's drawing on Tuesday, May 8 is now up to an estimated $140 million, and the cash option value is $87 million. Winning Mega Millions numbers for the drawing of May 8 were 9, 21, 25, 66, and 72. The Mega Ball was 7.

According to USA Mega, tickets from Ohio and Texas each won $1 million second prize money by getting the first 5 numbers right without matching the Mega Ball.

The New Jersey Lottery website reports that New Jersey had a big third prize payoff with the help of the Megaplier option. A ticket bought at the Cherry Hill Food Store in Cherry Hill of Camden County paid that winner $15,000.

In Jersey Cash 5 news, two tickets split a $194,916 jackpot on Friday, May 8. Those tickets were purchased at a Rite Aid in Millville of Cumberland County, and at a Pathmark in Newark of Essex County.

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Economy Tue, 12 May 2015 19:15:15 +0000
Mega Millions Winning Numbers for Tuesday Worth $173M http://www.newjerseynewsroom.com/economy/mega-millions-winning-numbers-for-tuesday-worth-173m megmillions030811_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

And the Mega Millions jackpot continues to roll forward. The grand prize has been building since it started at $15 million back on March 27.

The Mega Millions jackpot rolled over again on Friday, May 15, meaning the estimated annuity figure will be even higher for the drawing of Tuesday, May 19.

According to the Mega Millions website, that top prize is now up to $173 million, with the cash option now also over $100 million at $106 million. Winning Mega Millions numbers for the drawing of May 15 were 11, 17, 21, 36, and 74. The Mega Ball was 15.

Stop me if you've heard this one before, but according to USA Mega, tickets from New York and Texas had the first five numbers right without getting the Mega Ball to each earn a $1 million second prize. You did hear this before, because two Mega Millions tickets from New York and Texas won $1 million in the drawing of May 12, also.

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Economy Tue, 19 May 2015 16:21:20 +0000
Mega Millions Jackpot for May 15 Worth $159 Million http://www.newjerseynewsroom.com/economy/mega-millions-jackpot-for-may-15-worth-159-million megmillions030811_optBY BOB HOLT
NEWJERSEYNEWSROOM.COM

The largest Mega Millions prize since early in the year will be up for grabs in the next drawing on Friday, May 15.

No players hit won the Mega Millions jackpot for the fourteenth consecutive time on Tuesday, May 12, bringing the top prize to its highest total since Jan. 16.

The Mega Millions website reports that an Illinois player won a $265 million grand prize on that date. The last top prize winner was a group of 16 New York co-workers who won $58 million on March 24.

Now the estimated annuity jackpot for the Mega Millions drawing of Friday, May 15 has climbed to $159 million. According to the Mega Millions website, the lump sum payout stands at $95 million. The winning numbers for the Mega Millions drawing of May 12 were 14, 30, 33, 36, and 44, and the Mega Ball was 2.

USA Mega reports that tickets from New York and Texas  matched the first five numbers without having the Mega Ball to each win $1 million.

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Economy Fri, 15 May 2015 17:36:12 +0000
N.J. Scam: Stealing 19 Cars by Using Counterfeit Checks http://www.newjerseynewsroom.com/economy/nj-scam-stealing-19-cars-by-using-counterfeit-checks attorneygenlogo_opt.png_copy_copy_copy_copy_copy_copy_copy_copy_copy_copy_copy_copy_copy_copy_copy_copyBY PETER ASELTINE
SPECIAL TO NEWJERSEYNEWSROOM.COM

TRENTON – Acting Attorney General John J. Hoffman announced that a Newark, N.J., man pleaded guilty today to carrying out a scheme in which he used false identities and nearly $340,000 in counterfeit or bad checks to buy 19 cars from an online auto auction company.

Keith L. Hutcheson Jr., 27, of Newark, who formerly lived in Paulsboro, N.J., pleaded guilty today to second-degree theft by deception and third-degree forgery before Superior Court Judge Christine Allen-Jackson in Gloucester County. Under the plea agreement, the state will recommend that Hutcheson be sentenced to seven years in state prison. He must enter a civil consent judgment to pay $212,000 in restitution to the auto auction company, Copart Inc. The company previously recovered a number of the vehicles, which reduced the amount of restitution owed.

Deputy Attorney General Peter Gallagher prosecuted the case and took the guilty plea today for the Division of Criminal Justice Financial & Computer Crimes Bureau. Sentencing for Hutcheson is scheduled for June 8.

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Economy Wed, 22 Apr 2015 15:23:09 +0000
Sweeney Focuses on Public-Private Partnerships as Key to Economic Development in N.J. http://www.newjerseynewsroom.com/economy/sweeney-focuses-on-public-private-partnerships-as-key-to-economic-development-in-nj sweeney_opt_copy_copy_copy_copy_copy_copy_copyBY RICHARD McGRATH
SPECIAL TO NEWJERSEYNEWSROOM.COM

NEW BRUNSWICK – New Jersey Senate President Steve Sweeney on Wednesday toured some of the economic development projects advanced by the New Brunswick Development Corporation where he stressed the importance of public-private partnerships as a key component in expanding economic growth in New Jersey. DEVCO has been a catalyst in the revitalization of the New Brunswick area, creating public-private partnerships and working with the city, Rutgers University and the health care industry on development projects that fuel job creation and economic opportunities.

“Public-private partnerships are a highly effective means of capitalizing on the resources and the skills of government and private industry to make the smart investments that will create economic growth,” said Senator Sweeney. “DEVCO and its partners have been a leader with an innovative approach to redevelopment. Since its inception in the mid-1970’s, DEVCO has brought more than $2 billion of investment into New Brunswick, helping to create a renaissance that includes higher education and the health care industry. These are investments in our future.”

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Economy Thu, 16 Apr 2015 02:52:19 +0000