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June 2012 Archives

Lenders reach $20 million breach of contract settlement

Capital One Financial Corp. and BankUnited Inc. have reached a settlement in the amount of $20 million regarding a breach of contract dispute. Capital One alleged breach of contract by BankUnited's Chairman and CEO, as well as its Vice Chairman, regarding non-compete agreements signed back in 2007.

Years of business planning pays off for Princeton Chemists

A new business venture led by Princeton chemists has recently been launched in New Jersey. The business planning for a new company called Liquid Light took years to construct and bring to fruition. The planning for the company began with an idea that was considered by many to be before its time.

Pfizer's business planning carves out animal health division

Animal lovers in New Jersey may be interested to know that Pfizer is forming a new company, Zoetis, for its animal health division. Pfizer's CEO has been doing a lot of business planning in an effort to improve Pfizer's already successful business. Health products for animals are a multi-billion dollar a year business and demand a lot of time and resources.

A big business merger proves that the process can be effort

With the constantly changing economy, it's not surprising that many people have noticed that throughout the business world, the number of business mergers and acquisitions has been noticeably on the rise. And as many New Jersey residents can guess, it's not an easy transition to make, both for the company and the employees. A business merger shakes up the corporate ladder and can leave many employees without a job.

Contractual dispute means trouble for ski resort

For most of New Jersey, Christmas last year was celebrated with unseasonably warm weather. For those who don't enjoy the cold, this might have been some great news. But for the ski resort Mountain Creek, it kept paying customers away from the slopes. Where they thought they would be receiving payments from an insurance policy against a warm Christmas season, they ended up in a contractual dispute with the insurance provider.

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