R E TA I L
Shops Lift Security Efforts
Stores fight back against thieves,
but worry their techniques
might intimidate customers
in a weak shopping season.
$2.00 DECEM BER 1, 2008 www.njbiz.com A L L B U S I N E S S ◆ ALL NEW JERSEY
Lean Times Are
Many pharmaceutical and
biotech companies are
sending senior executives
to make presentations to
Third of a three-week series
Hard to Swallow
Restaurants cooking up strategies to cope with downturn
potential investors who
may have cash left to help
Still Lending to Those
Steven J. Dundas
Who Have Solid Credit
Wyeth Case May Set
Regulatory Precedent Community banks offer insight into how to get a loan
A case before the U.S.
Supreme Court involving By Beth Fitzgerald Series Overview
Nov. 17: In wake of collapse,
pharmaceutical company banks should expect increased
WITH STRONG BALANCE sheets
and a Vermont woman who federal scrutiny.
and money to lend as their call- Last week: Startups decline, but
lost her arm could have
ing cards, commu- merging among large banks may
widespread repercussions. BANKING nity bankers are spur de novo growth.
Page 5 Today: Community banks say
shaking hands with customers
they still have enough
F E AT U R E S they’ve never met before: rep- money to lend.
utable businesses that suddenly For complete coverage, visit
12 Sales Moves www.njbiz.com/bankscape
can’t get credit.
14 Our Point of View “This is a great time to be in
14 Board of Contributors the banking business,” said Mark than 150 community banks in
14 NJBIZ Interview Wolters, president of Grand New Jersey, avoided the subprime
15 Letters to the Editor Bank in Hamilton. lending disaster that’s now driving
27 NJBIZ Scene That’s because hundreds of many banks to clamp down on
America’s smaller banks, includ- lending to preserve capital.
FOR THE RECORD ing the vast majority of the more ➤➤ See LENDING on page 9
24 Who’s News
New Jersey: Home of Marc Cooperman, owner of
Restaurant MC in Short Hills,
with the Bailout Burger &
26 Real Estate Transactions
26 Insider Trading The Executive Branch Beer he hopes will bring in
By Evelyn Lee
Name that Swoon Garden State’s appeal lures top management
Sharply falling home values, here; other operations are housed out-of-state
fading consumer confidence, THE ECONOMIC DOWNTURN is taking a bite out of the New Jersey restaurant industry, with
rising unemployment — the experts predicting declining sales and bankruptcy filings at the beginning of next year. But
By Shankar P.
current fiscal crisis has given some of the state’s restaurants are taking various measures — such as
us everything but a name. RESTAURANTS putting dining promotions and extra marketing on the menu — to stave
History gave us Black
Monday and the Great THINK OF THE MASKS and gloves your dentist wears — or the towels, off the impact of the slowdown on their businesses.
Depression — what should wipes and dressings at any clinic — and you ha