The Record, Bergen County, NJ

Be Sure to Read the Fine Print

The following came from a reader who found out too late that not all deals are as good as they seem. This morning's mail brought a shocker and I am e-mailing for help or guidance. Presidents Day 2008 my wife, son and I bought a Sony flat panel HD TV. On our bill it states we have "12 Months with Deferred Interest Minimum Monthly Payment Required."

Leads

Company , , , Type , , , Address , , , , Telephone Sizzle Management , , Entertainment management , 18 Rolling Hills Drive, Wayne , , 862-262-2070

New Jersey Briefs

PDI gets contract with Sequenom SADDLE RIVER -- PDI Inc., a biopharmaceutical marketing company, said Tuesday that it has won a contract to provide sales services for a new prenatal test offered by Sequenom Inc. of San Diego.

Earnings

Henry Brothers Electronics Inc. Location: Fair Lawn

Ikea in Elizabeth Getting a Complete Overhaul

The Ikea store in Elizabeth is undergoing a multimillion-dollar, top-to-bottom renovation designed to put a fresh face on the home- furnishing retailer's oldest full-size store in the United States, the company said Tuesday. The Elizabeth store, which opened in 1990 and was expanded in 1998, will remain open during the makeover, which began last month and is expected to be completed in April 2010, said Ikea spokesman Joseph Roth.

Hsbc Office Closings to Cost 100 N.J. Jobs ; Bergenfield Among Sites

The 800 sub-prime consumer loan offices in the U.S. that London- based banking giant HSBC Holdings Plc plans to close include 19 in New Jersey. HSBC's U.S. consumer-lending unit includes the Household Finance and Beneficial brands, and state records show the company has eight active Household Finance offices in New Jersey, including one in Bergenfield. It has 11 Beneficial Mortgage offices around the state, none in Bergen County.

Ceo Likes to Combine Science, Sales ; Raises Profile of Fast-Growing Drug Company

Joseph Pieroni heads the fastest-growing U.S. pharmaceutical company you've never heard of. He is the chief executive officer of Parsippany-based |Daiichi Sankyo Inc. USA, a company formed by the merger of Japan-based Daiichi Pharmaceutical Co. and Sankyo Co. The company is enjoying rapid sales growth with the introduction of two products the blood- pressure medicine Azor and Welchol, a drug that lowers cholesterol and glucose.

Real Estate Briefs

Ayco renews Parsippany lease Mack-Cali Realty Corp., the Edison-based real estate investment trust, has renewed a lease for 34,035 square feet of office space at 8 Campus Drive in Parsippany, the company said Tuesday.

Economy Roundup

a The number of home buyers who agreed to purchase an existing home sank to a new low in January as economic woes turned them away from the staggering housing market, the National Association of Realtors said. The group's seasonally adjusted index of pending sales contracts fell 7.7 percent to 80.4 in January from a downwardly revised December reading of 87.1.

Bigger Payday for the Worker ; Smaller Deduction Is Part of Stimulus

By April 1 workers will start seeing the benefits of President Obama's stimulus plan: slightly fatter paychecks. That's because their employers will be deducting less in taxes, in line with the Make Work Pay program.

For Sale by an Owner Who's Currently Locked Up ; Investors File Suit Against Nicholson

He owns multimillion-dollar properties in |Saddle River, Manhattan, the Hamptons and Palm Beach, Fla., but James M. Nicholson cant use any of them. That's because he remains in federal jail, a week after his arrest by the FBI, charged with defrauding investors who had put at least $100 million into his investment company since 2004. An investor lawsuit filed Tuesday alleges Nicholson was operating a Ponzi scheme.