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August 2012 Archives

New Jersey casino hotel business planning new management

Resorts Casino Hotel, the first casino hotel in Atlantic City, New Jersey, is heading for new management. The casino has been undergoing changes since it was sold in 2010. Now, as part of their continuing business planning, Mohegan Tribal Gaming Authority will be taking over management of the company.

Business planning: New Jersey company buys aging power plant

Footprint Power, LLC, a New Jersey-based company, has just finalized a deal to buy an aging power plant already scheduled for closure in 2014. According to the plant's seller, Dominion Energy, Inc., the plant is being closed due to its age and increasingly expensive environmental regulations. Footprint Power's business planning provides for the demolition of the current facility when it closes in 2014, and the building of a smaller, more efficient plant in its place.

New Jersey based NRG Energy announces business merger

NRG Energy, Inc. based in Princeton, New Jersey, has announced it is buying GenOn Energy, Inc. The business merger is set to close in the first quarter of 2013. NRG's acquisition of GenOn will push NRG to the head of pack as the largest independent power company in the United States.

New Jersey based store chain faces business dissolution

Daffy's, a family run, discount clothing store has been a part of the New Jersey landscape since 1961. Over the last 50 years, the business grew to include a total of 19 stores in three states. However, after 50 years in business, Daffy's has had to make the difficult decision to close its doors permanently and is faced with implementing a business dissolution plan. Daffy's pending closure comes on the heels of other small business closures last year.

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