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  • WILMINGTON, Del.— Greyhound Lines has agreed to pay $300,000 to certain bus passengers and a $75,000 civil penalty to resolve allegations that it repeatedly violated the Americans with Disabilities Act. Under the terms of a consent decree filed Monday in Delaware, the company also will implement several reforms, including hiring an ADA compliance manager.

  • WASHINGTON, Feb 3- The state-owned China National Chemical Corp, which plans to buy Swiss seeds and pesticide maker Syngenta, will promptly start preparations for what could be a lengthy U.S. national security review, as the House Agriculture Committee chairman said he would monitor the deal. The $43 billion deal, which was announced on Wednesday as a way for...

  • Inc's chief executive and its board may have mishandled the compensation of a former chief operating officer who received $60 million in severance, a Delaware judge ruled on Tuesday, clearing the way for a shareholder investigation. The preliminary ruling stems from a 14- month stint by Henrique de Castro as COO after he was lured away from Google in 2012 by...

  • BALDWYN, Miss.— Fabric and sewing supply retailer Hancock Fabrics filed for Chapter 11 bankruptcy protection Tuesday, seeking to reorganize for the second time in nine years. The company, based in Baldwyn, Mississippi, made the filing Tuesday in U.S. Bankruptcy Court in Delaware, saying that revenues for the holiday retail season were $8 million below...

  • U.S. zinc producer Horsehead files for bankruptcy Tuesday, 2 Feb 2016 | 10:37 AM ET

    WILMINGTON, Del., Feb 2- Horsehead Holding Corp, a large U.S. zinc producer, filed for Chapter 11 bankruptcy on Tuesday due to a slump in metals prices and a shortage of cash. The Pittsburgh- based company is the latest victim of a commodity price crash that has claimed scores of U.S. energy exploration companies, miners and metals producers. Commodity prices have...

  • SAN FRANCISCO, Feb 1- The outlook is so bleak for a bankrupt biotechnology company briefly led by controversial investor Martin Shkreli that its management should be replaced by an independent trustee, a government bankruptcy watchdog argued on Monday. Trustee, an arm of the Justice Department that oversees bankruptcy administration, on Monday asked the U.S....

  • CHICAGO, Feb 1- Outer Harbor Terminal LLC filed for Chapter 11 bankruptcy protection on Monday, two weeks after terminating its lease held in a joint venture with Ports America. Last month, Ports America, one of the largest marine cargo operators in the country, said it was shifting its business from the Oakland port to other cities along the West Coast, including...

  • CHICAGO, Feb 1- Oakland's Outer Harbor Terminal filed for Chapter 11 protection on Monday, two weeks after one of its biggest tenants said it was terminating a 50- year lease with the northern California port. Last month, Ports America, one of the largest marine cargo operators in the country, said it was shifting its business from the Oakland port to other cities...

  • RCS Capital listed total assets of $2 billion and debts of $1 billion in its Chapter 11 filing in Delaware, court documents showed on Monday. Under the restructuring plan, lenders will inject $150 million into broker-dealer Cetera and ties to Schorsch will be cut by eliminating common shares and some $500 million in preferred stock, court documents showed.

  • WILMINGTON, Del, Feb 1- SFX Entertainment Inc, a promoter of electronic dance music festivals, filed for Chapter 11 bankruptcy on Monday to cut $300 million of debt and seek fresh funding to pay artists and other key vendors. The company has pursued a global roll-up strategy, scooping up promoters and festivals such as Dayglow Productions, known for its paint...

  • The Bancorp posts 4Q profit Monday, 1 Feb 2016 | 8:34 AM ET

    WILMINGTON, Del. _ The Bancorp Inc. on Monday reported fourth-quarter profit of $19.1 million. The Wilmington, Delaware- based bank said it had earnings of 52 cents per share. The holding company for The Bancorp Bank posted revenue of $91.1 million in the period.

  • Feb 1- RCS Capital Corp, a brokerage firm tied to real-estate investor Nicholas Schorsch, filed for Chapter 11 bankruptcy protection to reduce debt and as per the plan its key lenders will assume control of the company. The company listed total assets of $1.98 billion and debts of $1.39 billion, on a consolidated basis, in its bankruptcy filing.

  • Brokerage firm RCS Capital files for bankruptcy Sunday, 31 Jan 2016 | 11:42 PM ET

    Jan 31- RCS Capital Corp, a brokerage firm tied to real-estate investor Nicholas Schorsch, filed for Chapter 11 bankruptcy protection to reduce debt and as per the plan, its key lenders will assume control of the company. The company listed total assets of $1.98 billion and debts of $1.39 billion, on a consolidated basis, in its bankruptcy filing.

  • *Caesars wants a decision before a March trial in New York. CHICAGO, Jan 29- The bankrupt operating unit of Caesars Entertainment Corp will soon ask a U.S. judge to shield its parent from $12 billion of lawsuits to facilitate a debt-cutting rescue deal, but approval could set a bad precedent for creditors. Hedge fund bondholders have sued Caesars in New York and...

  • WSFS posts 4Q profit Thursday, 28 Jan 2016 | 6:17 PM ET

    WILMINGTON, Del. _ WSFS Financial Corp. on Thursday reported fourth-quarter profit of $14 million. On a per-share basis, the Wilmington, Delaware- based company said it had net income of 46 cents. For the year, the company reported profit of $53.5 million, or $1.85 per share.

  • WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt as demand for its products has waned with the growth of electronic media and cheaper imports. The company said the bankruptcy would have virtually no impact on its daily operations, and it is seeking to borrow up to...

  • Leading U.S. paper company Verso files for bankruptcy Tuesday, 26 Jan 2016 | 10:42 AM ET

    WILMINGTON, Del, Jan 26- Verso Corp, a leading U.S. producer of printing and specialty papers, filed for Chapter 11 bankruptcy on Tuesday to cut its debt in the face of falling demand for catalogs and magazines and cheaper imports. Verso, which is controlled by private equity firm Apollo Global Management, plans to seek approval for a plan that would shed $2.4 billion...

  • U.S. securities class actions rebound to 7-year high Tuesday, 26 Jan 2016 | 12:01 AM ET

    Shareholders in 2015 filed 189 lawsuits accusing companies of making false or misleading statements or concealing bad news about their businesses or mergers, a study released on Tuesday by Cornerstone Research and Stanford Law School shows. Cornerstone's "maximum dollar loss," or the largest sums that shareholders might claim in damages, rose to $371...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. It ranked No. 3 in terms of snowfall accumulation in New York City history with at least 25.1 inches, and was among Washington's...

  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing Washington to a standstill and forcing the closure of roads, bridges and tunnels into New York until Sunday morning. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio, Tennessee and...