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Top News & Analysis Delaware

  • WILMINGTON, Del. _ DuPont Co. on Tuesday reported second-quarter earnings of $862 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.29 per share. Four analysts surveyed by Zacks expected $7.26 billion.

  • PORTSMOUTH, R.I.— There's a new way to ride the rails in Rhode Island: by pedaling a rail bike beside picturesque Narragansett Bay. Rail Explorers opened in Portsmouth in April as part of the Newport and Narragansett Bay Railroad. Owners Mary Joy Lu and Alex Catchpoole, who are from Sydney, Australia, first saw rail bikes being used in South Korea.

  • ATLANTIC CITY, N.J.— Scott Blumstein's path to winning more than $8.1 million as the World Series of Poker champion started in the online poker rooms of New Jersey. While internet gambling has helped Atlantic City's beleaguered casino industry begin to recover, Blumstein credited his online experience with helping him win the biggest prize in poker after he...

  • Chris Christie, a close political ally of President Donald Trump, is urging him and Congress not to ban internet gambling in the United States. Christie, a fellow Republican, signed a bill Friday calling on Trump, a former Atlantic City casino owner, and Congress not to enact a nationwide ban on internet gambling. The bill passed by the New Jersey Legislature and...

  • TOPEKA, Kan.— Hackers who breached a Kansas Department of Commerce data system in March had access to more than 5.5 million Social Security numbers in 10 states, along with another 805,000 accounts that didn't include the Social Security numbers, according to records obtained from the agency. Besides Kansas, the other states affected by the hack are Arkansas,...

  • NEWARK, Del. _ SLM Corp. on Wednesday reported second-quarter earnings of $70.6 million. The average estimate of five analysts surveyed by Zacks Investment Research was also for earnings of 16 cents per share. Sallie Mae expects full-year earnings in the range of 71 cents to 72 cents per share.

  • WILMINGTON, Del. _ Navient Corp. on Tuesday reported second-quarter profit of $112 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 41 cents per share. Navient shares have dropped slightly since the beginning of the year, while the Standard& Poor's 500 index has increased roughly 10 percent.

  • Halting the litigation would help Takata sell its healthy business to Key Safety Systems, which is owned by China's Ningbo Joyson Electronic Corp, according to TK Holdings Inc, the U.S. unit. Funds from that $1.6 billion proposed sale will be used to compensate injured drivers, according to court papers filed in the U.S. Bankruptcy Court in Wilmington, Delaware.

  • Research on the cancer treatment Velcade.

    Generic drug makers will have to wait longer after a U.S. appeals court ruled that a patent on Takeda Pharmaceutical's cancer drug Velcade is valid.

  • July 17- A U.S. appeals court ruled on Monday that a patent on Takeda Pharmaceutical Co Ltd's cancer treatment Velcade is valid, pushing back the date when generic drug makers including Teva Pharmaceutical Industries Ltd and Mylan NV will be allowed to launch lower-cost versions of the drug in the United States. The U.S. Court of Appeals for the Federal Circuit...

  • WILMINGTON, Del./ NEW YORK, July 17- The global recall of Takata Corp's defective air bags widened last week and the number of confirmed deaths rose, but legal experts said the bigger worry for car companies caught in the fallout is playing out in a Delaware bankruptcy courtroom. The car companies have been trying to use the bankruptcy to limit their liability for...

  • DOVER, Del.— Japanese auto parts supplier Takata is asking a Delaware bankruptcy judge for an injunction prohibiting the governments of Hawaii, New Mexico and the U.S. Virgin Islands from prosecuting lawsuits involving the company's lethally defective air bag inflators. In a complaint filed Thursday, Takata also is seeking to extend the automatic halt of...

  • WILMINGTON, Del.— A nationwide coding competition will be hosted in Delaware's largest city for a second consecutive year. The News Journal reported Thursday that organizers of OpenBracket Delaware recently announced plans to host the contest's championship round in Wilmington. According to OpenBracket's website, up to 100 coders who compete in the first...

  • WILMINGTON, Del., July 12- An attorney for Elliott Management on Wednesday complained to a bankruptcy court judge that the owner of Texas's largest power distribution business did not provide the investment fund with information needed to line up financing for its offer of more than $18 billion to buy the company. Instead, Energy Future Holdings Corp, the...

  • July 11- Oil producer Halcon Resources Corp said on Tuesday it would sell assets it operates in the Williston Basin to Bruin E&P Partners for $1.4 billion in cash, as it looks to focus on the more lucrative Delaware Basin. "The sale of our Williston Basin operated assets transforms Halcon into a single-basin company focused on the Delaware Basin where we have more...

  • WASHINGTON, July 6- More than one-third of U.S. states on Thursday sued the U.S. Education Department and Secretary Betsy DeVos over the recent suspension of rules that would have swiftly canceled the student-loan debt of people defrauded by Corinthian Colleges Inc and other for-profit schools. Massachusetts, 17 other states and the District of Columbia said...

  • A seven-member official committee will represent economic loss and personal injury or tort claimants, David Buchbinder, a lawyer with the U.S. Department of Justice's bankruptcy watchdog, told a meeting of creditors of Takata's U.S. business. Takata filed for bankruptcy in Japan and the United States last month, facing billions of dollars in liabilities from...

  • WASHINGTON, July 6- More than one-third of U.S. states on Thursday sued the U.S. Education Department and Secretary Betsy DeVos over the recent suspension of rules that would have swiftly canceled student-loan debt of people defrauded by Corinthian Colleges Inc and other for-profit schools. Massachusetts, 17 other states and the District of Columbia said in a...

  • WASHINGTON, July 6- More than one-third of U.S. states on Thursday sued the U.S. Education Department and its secretary, Betsy DeVos, over a recent decision to suspend rules intended to speedily cancel student-loan debt of people defrauded by for-profit Corinthian Colleges Inc and others. Massachusetts, 17 other states and the District of Columbia said in a...

  • July 5- True Religion Apparel Inc, whose heavily adorned denim jeans have fallen out of fashion, filed for bankruptcy on Wednesday with a deal in hand to slash its debt of about $500 million and emerge from court protection quickly as a going concern. The retailer joins American Apparel LLC, Payless ShoeSource Inc and other chains in bankruptcy as shoppers...