Wednesday, February 22

Technology

  • The GoNewark Sports & Entertainment Committee, which is welcoming NCAA Tournament games to the Prudential Center this month, announced it has hired East Rutherford-based MWW Group to promote the event.

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On one end of Gene Epstein’s desk at Warnock Dodge, Chrysler, Jeep is a pair of full-page newspaper ads from competing dealerships. At the other end is his computer. In the middle sits his cell phone.

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  • New York-based Pfizer Inc., which has a division in Madison, announced it completed the acquisition of Bristol, Tenn.-based King Pharmaceuticals Inc. through its wholly owned subsidiary, Parker Tennessee Corp.

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Atlantic City’s casinos will not be able to offer gaming over the Internet, after Gov. Chris Christie vetoed a measure Thursday afternoon promoting the practice.
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Ewing-based Universal Display Corp. is enjoying rising demand for its organic LED technology, which is becoming more commonplace in consumer products like cell phones, flat-panel televisions and flexible lighting fixtures. The 85-employee company continues to report losses, though it attributes that to heavy investment in research and development.

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The state’s technology and biotechnology industries were quick to applaud Gov. Chris Christie’s budget address, in which he proposed restoring funding for the popular Technology Business Tax Certificate Transfer Program to $60 million; it had its funding cut in half last year. He also proposed increasing the research and development tax credit rate, doubling it to 100 percent.

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Small companies will see their state taxes reduced to spur business expansion under Gov. Chris Christie’s budget, according to the state treasurer.

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