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Top News & Analysis Delaware

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  • WASHINGTON, Aug 1- Vice President Joe Biden, inspired in part by his late son, has been holding meetings at his Washington home to discuss challenging Hillary Clinton for the Democratic presidential nomination, The New York Times reported on Saturday. The 72- year-old vice president has been having meetings at his Washington residence to explore the idea of...

  • WASHINGTON— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week the Communication Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • WASHINGTON— Democratic presidential candidate Hillary Rodham Clinton and her husband, former President Bill Clinton, earned more than $139 million between 2007 and 2014, according to eight years of federal income tax returns released by her campaign on Friday. The bulk of the Clintons' income came from speeches delivered to corporate and interest groups by...

  • DOVER, Del.— Frustrated with years of legal wrangling, a Delaware judge has given a lender 60 days to decide whether to buy the former presidential yacht Sequoia, which lies rotting in a Virginia shipyard. In 2012, the Sequoia group entered a $7.5 million loan agreement with FE Partners LLC, an investment entity formed by Washington, D.C.- based Equator Capital Group...

  • July 30- U.S. film studio Relativity Media LLC, which counts the award-winning "The Fighter" among its films, filed for Chapter 11 bankruptcy protection on Thursday and said it would pursue a sale of the company to a group of its lenders. The company said it plans to release the films "Masterminds" and "Kidnap" and its television unit's "Limitless" will debut on CBS later...

  • InterDigital posts 2Q profit Thursday, 30 Jul 2015 | 8:42 AM ET

    WILMINGTON, Del. _ InterDigital Inc. on Thursday reported second-quarter profit of $32.6 million. The Wilmington, Delaware- based company said it had net income of 89 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • NEW YORK, July 28- Former New York financial regulator Benjamin Lawsky on Tuesday countered criticism from the bitcoin community that he may have generated consulting work for himself by issuing controversial regulations for virtual currency firms before he left his post. In his first public appearance since his transition, the outspoken former regulator...

  • DuPont cuts forecast on agriculture sales drop Tuesday, 28 Jul 2015 | 6:12 AM ET

    The company plans to buy back $2 billion in stock this year and another $2 billion next year with proceeds from its spinoff of its Chemours business. Company officials said most of that decrease came from removing results from its now-separated Chemours business. But a company representative noted that those estimates still include Chemours results.

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind began installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but still struggling with opposition in the United States. "Our belief is once Block Island is up and running, it will...

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind will start installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but that is still struggling with opposition in the United States. "Our belief is once Block Island is up and...

  • Verizon workers vote to authorize strike, if necessary Saturday, 25 Jul 2015 | 5:22 PM ET

    NEW YORK— Verizon workers in nine states have voted to go on strike if necessary over a dispute about a new contract, a union official said at a rally Saturday. At the rally in New York, the CWA announced that 86 percent of Verizon workers who voted in a recent poll backed strike action if required. The contract covers employees the nine states from Massachusetts to...

  • NEW YORK— Five days before he was to start college, Fred Maahs' world turned upside down. Off the Delaware coast in 1980, on the last day of summer vacation, the 18- year-old took a dive from his family's boat into an unseen sandbar barely a foot below the surface, sustaining injuries that paralyzed him from the chest down. Some 2,000 people with disabilities— elated...

  • WSFS posts 2Q profit Thursday, 23 Jul 2015 | 6:39 PM ET

    WILMINGTON, Del. _ WSFS Financial Corp. on Thursday reported second-quarter earnings of $12.2 million. On a per-share basis, the Wilmington, Delaware- based company said it had net income of 43 cents. Keywords: WSFS Financial, Earnings Report.

  • July 23- The developer of the $3.5 billion Baha Mar mega-resort is willing to commit up to $200 million to jumpstart the stalled Bahamas project, lawyers told a U.S. bankruptcy judge on Thursday. The developer of the project is Sarkis Izmirlian, whose Baha Mar Ltd filed for bankruptcy protection in Delaware last month. During the bankruptcy court hearing on...

  • July 23- Boston Scientific Corp cut its full-year profit forecast for the second time in the face of rising litigation costs linked to problems with its implantable device used to treat feminine stress urinary incontinence. A Delaware jury last month ordered Boston Scientific to pay $100 million to a woman injured by the mesh, the largest-ever verdict...

  • On Wednesday, University of California President Janet Napolitano announced the 10- campus system would pay its employees that much by late 2017, while a New York wage board backed an eventual $15 an hour for the state's 150,000 fast-food workers. Voters in SeaTac, Washington, population 27,875, made their suburban Seattle city the nation's first with a $15-...

  • Sallie Mae beats 2Q profit forecasts Wednesday, 22 Jul 2015 | 4:51 PM ET

    NEWARK, Del. _ SLM Corp. on Wednesday reported second-quarter earnings of $91 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 19 cents per share. Sallie Mae expects full-year earnings in the range of 57 cents to 59 cents per share.

  • UPDATE 1-Caesars faces bankruptcy after losing key ruling Wednesday, 22 Jul 2015 | 3:41 PM ET

    CHICAGO/ WILMINGTON, Del., July 22- Caesars Entertainment Corp may be closer to joining its operating unit in bankruptcy after a federal judge refused to protect the casino company from creditor lawsuits seeking up to $11 billion, sending its stock plummeting. Caesars and its private equity backers Apollo Global Management LLC and TPG Capital, said staying...

  • July 22- A judge in the Bahamas has declined to recognize the U.S. bankruptcy filing by Baha Mar Ltd, the developer of a $3.5 billion mega resort, a source familiar with the ruling said on Wednesday. Recognition of the Chapter 11 U.S. bankruptcy filing would have prevented creditors from taking action against Baha Mar Ltd in the Bahamas. Baha Mar Ltd is trying to...

  • KINGSTON, Jamaica— A judge in the Bahamas ruled Wednesday that a U.S. bankruptcy filing by the developer of an unfinished $2.5 billion megaresort in Nassau will not be recognized in the Caribbean archipelago. The islands' attorney general strongly objected to the Chapter 11 filing in U.S. Bankruptcy Court in Delaware, arguing that having a U.S. court decide major...