U.S. President-elect Donald Trump urged the government on Tuesday to cancel an order with Boeing Co for a revamped Air Force One - one of the most prominent symbols of the U.S. presidency - saying costs were out of control. It was the latest example of Trump using his podium, often via brief Continue Reading
Windfall Recipients May Need Lawyers to Help Protect Them From Themselves
You could say Laura Kelly is in the big-money end of the legal profession. But for Kelly, a partner practicing wealth preservation and estate planning at McCarter & English in Newark, New Jersey, much of that money belongs to her often newly wealthy clients. Kelly advises lottery winners, Continue Reading
Why PE is the New Training for Commerce Secretaries
The selection of billionaire private equity investor Wilbur Ross to lead the U.S. Department of Commerce by President-elect Donald Trump marks the third consecutive commerce secretary to have ties to the private equity industry, and experts say the role is a natural fit for those with a private Continue Reading
Banking on Change: This Much is Certain — A New Administration Will Have New Priorities. But what will they be?
No one can talk about banking without offering speculation as to what the industry may look like under President-elect Donald Trump. Let Mike Horn, a former New Jersey banking commissioner who now represents community banks at McCarter & English, be the first to tell you: “There’s no doubt Continue Reading
Carrier Gets State Incentives, Trump Pledge for Keeping U.S. Jobs
United Technologies Corp's (UTX.N) Carrier unit said on Wednesday it got financial incentives from Indiana and a pledge from President-elect Donald Trump to improve the climate for business in the United States in exchange for keeping more than 1,000 jobs in the state rather than moving them Continue Reading
State-of-the-Industry Report: Key Trends, Issues and a Conversation with NJDEP Commissioner Bob Martin
NEW JERSEY DEPARTMENT OF ENVIRONMENTAL PROTECTION (NJDEP) Commissioner Bob Martin has been a driving force for change in how the NJDEP and the business community work together. “This year we are completing our second round of customer service training to build on the success of the first round,” Continue Reading
Overtime Rule Injunction Complicates Employers’ Plans
A federal judge’s decision to block the Department of Labor’s new overtime regulation from going into effect Dec. 1 adds a new headache for employers already grappling with how to comply with the rule: Should they roll back changes that have already been put in place, such as awarding raises or Continue Reading
U.S. Arms Export Boom Under Obama Seen Continuing with Trump
U.S. defense contractors, which saw international sales rise strongly under President Barack Obama's administration, can expect a continued boom in arms exports under Donald Trump, aided by persistent security risks in the Middle East and rising tensions in Asia and Europe. Shares of major Continue Reading
Pa. High Court Case May Expand Insurers’ Bad Faith Exposure
A health insurer recently asked Pennsylvania's high court to overturn an appellate decision loosening the standard for punitive bad faith penalties in a case over a cancer insurance claim that experts say could lead to a surge in bad faith claims by policyholders if the justices find that ill intent Continue Reading
Why PE Isn’t Investing In This Year’s Presidential Election
Private equity firms have barely contributed to the campaign of either major U.S. presidential nominee, though slightly more money has been directed to Hillary Clinton than Donald Trump, and experts say the industry simply doesn't have much reason to support either candidate. As of the end of the Continue Reading