Features

Murphy calls for $125 tax credit in return for tax on rich

New Jersey property tax payers would get a $125 refundable credit on their income taxes under a proposal that also calls for higher rates on the wealthy that Democratic Gov. Phil Murphy detailed for the first time Monday.

Amgen and PHV rise while Alphabet and Centene slip

Stocks that moved substantially or traded heavily on Monday: Cypress Semiconductor Corp., up $4.25 to $22.07 German chipmaker Infineon is buying the company for more than $10 billion in cash.

Court reverses regulators' decision on pipeline's impact

The Minnesota Court of Appeals on Monday said state regulators must conduct a further review for Enbridge Energy's plan to replace its deteriorating Line 3 crude oil pipeline because the project's environmental impact statement doesn't address the possibility of an oil spill into the Lake Superior watershed.

Britain's Ineos to invest $2 billion in Saudi plants

British petrochemicals maker Ineos is investing $2 billion to build three plants in Saudi Arabia, as western companies appear to be shedding their reluctance to do business with the kingdom following the killing of Washington Post columnist Jamal Khashoggi by Saudi agents in Turkey last year.