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Top News & Analysis Delaware

  • Westinghouse, a unit of Japan's Toshiba Corp, filed for bankruptcy in March following billions of dollars in cost overruns at two nuclear power plants it designed and is constructing in Georgia and South Carolina. An attorney for Westinghouse said in U.S. bankruptcy court in New York that cash from the loan would allow the company to complete its business plan...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The ruling is likely to lessen the steady flow of patent...

  • From the start of its public campaign in January, Elliott said Arconic, the $12 billion company that separated from Alcoa Corp last year, needed new leadership and that its performance had missed targets and lagged peers. Elliott had taken aim at Arconic's former CEO Klaus Kleinfeld directly, questioning his leadership and management skills.

  • The campaign had several twists, including the resignation of the hedge fund's main target: Arconic's ex-CEO Klaus Kleinfeld. Kleinfeld was forced to resign after sending a threatening letter to Elliott's founder, Paul Singer, that Arconic's board did not approve. The activist investor supported one of Arconic's nominees, board member Ulrich Schmidt.

  • WASHINGTON— The Supreme Court on Monday made it easier for companies to defend themselves against patent infringement lawsuits in a ruling that places strict limits on where such cases can be filed. The case involved an appeal from TC Heartland, an Indiana- based food sweetener company sued by Kraft Foods in Delaware. But the Supreme Court's ruling will have the...

  • WASHINGTON, May 22- The U.S. Supreme Court on Monday tightened rules for where patent lawsuits can be filed in a decision that may make it harder for so-called patent "trolls" to launch sometimes dodgy patent cases in friendly courts, a major irritant for high-tech giants like Apple and Alphabet Inc's Google. The dispute began when Heartland, a subsidiary of...

  • A tech inventor said Visa began work on the Apple Pay technology with Apple, MasterCard and American Express, after talks to work with him.

  • May 18- U.S. stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political turmoil involving President Donald Trump. Wall Street rebounded after the Philadelphia Federal Reserve said its business activity index unexpectedly rose in May...

  • May 18- U.S. stocks rose as upbeat economic data emboldened investors to return to the market on Thursday, a day after Wall Street suffered its worst selloff in eight months following a political crisis involving President Donald Trump. Wall Street rebounded after the Philadelphia Federal Reserve said its business activity index unexpectedly rose in May...

  • Massachusetts, New York City and Philadelphia have passed laws that bar employers from asking applicants about their salary history. And several states, including California, Mississippi and Pennsylvania, have proposed similar legislation this year. "I would not be surprised if we see other states and cities consider it," says Christine Hendrickson, an...

  • NEW YORK, May 16- JPMorgan Chase& Co Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help "any president" in office. At the bank's annual meeting in Wilmington, Delaware, several attendees demanded answers from Dimon about his role on a White...

  • NEW YORK, May 16- JPMorgan Chase& Co Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help "any president" in office. At the bank's annual meeting in Wilmington, Delaware, several attendees demanded answers from Dimon about his role on a White...

  • A passenger on board a train from New York to Washington on Sunday posted a video of the deliveryman walking up to the train as it sat on the tracks. The owner of Dom's Pizza in Newport, Delaware, told The Associated Press that his driver cut through a backyard and stepped down a steep embankment and over a water-filled ditch to deliver the pie. A veteran pizza...

  • NEWPORT, Del.— A pizza delivery man in Delaware got an order from an unusual address: a stalled Amtrak train from New York on its way to Washington. Passenger Mitchell Katz posted a video of deliveryman Jim Leary walking up to the train Sunday evening as it sat on the tracks. Leary, a driver for Dom's Pizza in Newport, told The Associated Press on Monday that he cut...

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the unfinished Vogtle power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for its guarantees on the much-delayed nuclear project, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said on Sunday. The deal is also contingent on the...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the Vogtle nuclear power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for guarantees for its bankrupt Westinghouse subsidiary, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said Sunday. The deal is also contingent on the owners...

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • NEW YORK, May 12- Anthem Inc on Friday called off a $54 billion deal to buy Cigna Corp, one day after the second-largest U.S. health insurer lost a Delaware business court ruling that could have kept alive the chances of a combination. Anthem and Cigna have been in legal disputes since the U.S. Justice Department won its case to block the merger that would have created...

  • INDIANAPOLIS— Anthem has ended its soured, $48 billion bid to buy rival Cigna, but the nation's second-largest health insurer isn't giving up a fight over whether Cigna deserves a termination fee for the scrapped deal. Indianapolis- based Anthem announced its decision a day after a Delaware judge refused its request to extend a ban blocking Cigna from pulling...