Business news in brief

In the Region

Judge to rule on N.J. sports betting

 

A New Jersey law that would legalize sports gambling is under review by a federal judge, who said he would issue a ruling in two weeks. Lawyers for the United States argued during a hearing in Trenton before District Judge Michael Shipp that a 1992 federal law requiring states to restrict sports betting prevents New Jersey’s actions. Attorneys for New Jersey said the federal law violates the state’s sovereignty. – Bloomberg News

 

Campbell closes Mexico factory

 

Campbell Soup Co., of Camden, said it would close a factory in Mexico and eliminate 260 jobs as it transfers production of juices, soups, broths, and Italian sauces to Grupo Jumex and Conservas La Costeña facilities in phases through September 2013. Those two Mexican companies also will take over distribution of Campbell brands in Mexico. Campbell, which will keep 70 of its 330 employees in Mexico to handle research and development, sales, supply chain, marketing, and management, said it expected to record a charge of $6 million after taxes to pay for the restructuring. – Harold Brubaker

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Article source: http://www.philly.com/philly/business/20130215_Business_news_in_brief.html

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