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  • July 29- A Delaware judge on Friday ruled that Sumner Redstone's lawyers must defend in a trial his move to oust five directors from Viacom Inc's board and suggested that he wants to get a better picture of the 93- year-old media mogul's mental capacity. In June, Redstone, through his National Amusements Inc holding company, removed five of Viacom's directors,...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • July 29- A Delaware judge on Friday ruled that Sumner Redstone's lawyers must defend in a trial his move to oust five directors from Viacom Inc's board. In June, 93- year old Redstone, through his National Amusements Inc holding company, removed five of Viacom's directors, including Chief Executive Philippe Dauman, from the company's board.

  • July 29- A Delaware judge on Friday ruled that Sumner Redstone's lawyers must defend in a trial his move to oust five directors from Viacom Inc's board.

  • DELAWARE JUDGE SAYS SUMNER REDSTONE'S LAWYERS MUST DEFEND MOVE TO OUST VIACOM DIRECTORS IN TRIAL.

  • July 29- Power producer NextEra Energy Inc said it agreed to buy bankrupt Texas power company Energy Future Holdings Corp's stake in Oncor Electric Delivery Co in a deal valued at about $18.4 billion. The deal will give NextEra access to the largest network of power lines in Texas. NextEra said the agreement to buy Energy Future would be filed in a Delaware court...

  • July 29- Power producer NextEra Energy Inc said it agreed to buy Energy Future Holdings Corp as well as the bankrupt Texas power company's stake in Oncor Electric Delivery Co in a deal with an enterprise value of about $18.4 billion. The deal will give NextEra access to Oncor, the operator of the largest network of power lines in Texas which it had tried to acquire...

  • July 29- Power producer NextEra Energy Inc said it had agreed to buy reorganized Energy Future Holdings Corp and its stake in Oncor Electric Delivery Co in a deal with enterprise value of about $18.4 billion. Energy Future, the largest power company in Texas, filed for bankruptcy on April 29, 2014, in one of the largest ever bankruptcies in the United States.

  • WILMINGTON, Del. _ The Bancorp Inc. on Thursday reported a loss of $31.4 million in its second quarter. The bank, based in Wilmington, Delaware, said it had a loss of 83 cents per share. The holding company for The Bancorp Bank posted revenue of $30.4 million in the period.

  • July 29- Power producer NextEra Energy Inc said it had agreed to buy reorganized Energy Future Holdings Corp and its indirect stake in Oncor Electric Delivery Co in a deal with enterprise value of about $18.4 billion. The agreement will be filed as part of the restructuring of Energy Future, currently before the Delaware bankruptcy court, and it is designed to...

  • WILMINGTON, Del. _ WSFS Financial Corp. on Thursday reported second-quarter net income of $17.5 million. The Wilmington, Delaware- based company said it had net income of 58 cents per share. Keywords: WSFS Financial, Earnings Report.

  • July 28- A Massachusetts judge on Thursday rejected Sumner Redstone's bid to quickly end a case that will likely determine the future of the media mogul's holdings and set an October trial date, marking a victory for Viacom Inc Chief Executive Philippe Dauman. Dauman and Abrams filed a lawsuit in Massachusetts, where the trust was established, contesting their...

  • July 28- A Massachusetts judge on Thursday rejected Sumner Redstone's bid to quickly end a case that will likely determine the future of the media mogul's holdings, marking a victory for Viacom Inc Chief Executive Philippe Dauman. Dauman and Abrams filed a lawsuit in Massachusetts, where the trust was established, contesting their removal from the trust and...

  • WILMINGTON, Del., July 27- A U.S. Bankruptcy Judge Shelley Chapman in Manhattan said at a status conference on Wednesday she would approve the plan and was working on an opinion that would explain her reasoning, according to her courtroom deputy Greg White. The case has been unusually contentious, with Sabine and its lenders squaring off against the official...

  • Texas- based Anadarko raised the mid-point of its full-year sales volume forecast by 2 million barrels of oil equivalent on increased sales from Gulf of Mexico, Delaware and DJ basins. Net loss attributable to Anadarko was $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per share, a year earlier.

  • WILMINGTON, Del.— DuPont topped most expectations in the second quarter as the chemical maker cut costs ahead of its tie up with Dow Chemical, and it upped its profit outlook for the year. Excluding certain items, earnings were $1.24 per share, which was 14 cents better than analysts had expected, according to a poll by Zacks Investment Research.

  • July 22- Wal-Mart Stores Inc executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world's largest retailer's Mexico unit. By a 3-0 vote, the 8th U.S. Circuit Court of Appeals in St. Louis upheld a lower court dismissal of a federal lawsuit...

  • NEWARK, Del. _ SLM Corp. on Wednesday reported second-quarter net income of $57.2 million. Sallie Mae expects full-year earnings in the range of 51 cents to 52 cents per share. Sallie Mae shares have risen 12 percent since the beginning of the year.

  • WILMINGTON, Del. _ Navient Corp. on Tuesday reported second-quarter net income of $125 million. The Wilmington, Delaware- based company said it had profit of 38 cents per share. Navient shares have climbed 20 percent since the beginning of the year, while the Standard& Poor's 500 index has increased almost 6 percent.

  • July 18- Viacom Inc Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley have reserved their legal right to resign "with good reason" in a move to protect tens of millions of dollars in potential severance pay. Under their employment agreements, Dooley could receive more than $30 million in severance compensation and Dauman could receive...