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Top News & Analysis Delaware

  • *Takata files for protection in Japan, U.S. *Liabilities estimated by analysts at $15 bln. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key...

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, at the center of the auto industry's biggest-ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. TK Holdings, its U.S....

  • *Takata files for protection in Japan, U.S. TOKYO/ WASHINGTON, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems.

  • *Takata files for protection in Japan, United States. TOKYO, June 26- Japan's Takata Corp, the firm at the center of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based rival Key Safety Systems. Takata Americas, its U.S. arm, filed for Chapter 11...

  • *Takata files for protection in Japan, U.S. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it would be bought for $1.6 billion by U.S.-based Key Safety Systems. TK Holdings, its U.S. operations, filed Chapter 11 bankruptcy in Delaware...

  • *Takata board held meeting this morning in Tokyo- Japan media. *Bankruptcy filings coming soon in Japan- Reuters sources. TOKYO, June 26- Japan's Takata Corp, the firm at the centre of the auto industry's biggest ever product recall, will file for bankruptcy protection in Japan on Monday with liabilities of more than 1 trillion yen, a source said.

  • DOVER, Del.— A federal judge in Delaware has blocked a Utah- based nuclear waste disposal company from buying a Texas- based competitor. The judge on Wednesday ruled in favor of the U.S. Justice Department in an antitrust lawsuit aimed at blocking Salt Lake City- based EnergySolutions' planned $367 million acquisition of rival Waste Control Specialists, based in...

  • June 21- A U.S. jury has ordered Teva Pharmaceutical Industries Ltd to pay GlaxoSmithKline Plc more than $235 million for infringing a patent covering its blood pressure drug Coreg, court documents showed. It awarded GSK $234.1 million in lost profits and said the drug company deserved an additional $1.4 million in royalties. The U.S. Food and Drug...

  • CHICAGO, June 21- Tyson Foods Inc will test a new way to render chickens unconscious before slaughter, the company said on Wednesday, in the latest sign that heightened concerns about animal welfare are affecting U.S. meat processors. Tyson's program "is a very significant step forward for us in understanding if this is scalable," Justin Whitmore, chief...

  • State records reviewed by The Associated Press show Navient Corp. has reported spending at least $44,000 since January on lobbyists in Maine, New York and Washington, states where lawmakers are considering licensing requirements. Lawmakers this year have considered such licensing and oversight bills in at least 10 states, including Illinois and...

  • WASHINGTON, June 19- The Supreme Court on Monday slapped limits on where injury lawsuits may be filed for the second time in three weeks, again siding with businesses that want to prevent plaintiffs from "shopping" for friendly courts for their cases. In an 8-1 ruling, the justices overturned a lower court's decision that had allowed hundreds of out-of-state...

  • WASHINGTON, June 19- The Supreme Court on Monday slapped limits on where injury lawsuits may be filed for the second time in three weeks, again siding with businesses that want to prevent plaintiffs from "shopping" for friendly courts for their cases. The Supreme Court on May 30 reached a similar conclusion in a separate case involving out-of-state injury claims...

  • SAN FRANCISCO/ NEW YORK, June 15- As the ultimate corporate insiders, board members are presented with plenty of opportunities to cash in on their sector knowledge and connections. The case of Ray Bingham, until recently Oracle Corps second-highest paid board member and executive chairman at U.S. chip maker Cypress Semiconductor Corp, shows how taking...

  • SAN FRANCISCO/ NEW YORK, June 15- As the ultimate corporate insiders, board members are presented with plenty of opportunities to cash in on their sector knowledge and connections. The case of Ray Bingham, until recently Oracle Corps second-highest paid board member and executive chairman at U.S. chip maker Cypress Semiconductor Corp, shows how taking...

  • WILMINGTON, Del., June 15- A clean energy group that has opposed a nuclear project in Georgia estimates the plant's cost has soared to $29 billion in the wake of the bankruptcy of the half-finished plant's contractor, Westinghouse Electric Co, a unit of Toshiba Corp. Sara Barczak of the Southern Alliance for Clean Energy said the new estimate adds $9 billion to its...

  • OMAHA, Neb.— The long-delayed $62 billion merger of chemical giants DuPont and Dow has been approved by U.S. antitrust regulators. The Justice Department said Thursday it would approve the deal as long as the companies sell off some herbicide and chemical units to preserve competition. The new company will be called DowDuPont and have dual headquarters in...

  • The Soup Nazi from an episode of Seinfeld.

    Soupman, the food company made famous by Seinfeld, has sought bankruptcy court protection. USAToday reports.

  • WASHINGTON, June 6- U.S. discount retailer Dollar Tree Inc has filed a lawsuit against Dollar Express which was unsealed on Tuesday, alleging that the smaller company's private equity owners siphoned off funds and failed to pay for $50 million in goods and services. Dollar Express was formed in 2015 when Sycamore Partners II LP bought some 330 stores in 35 states...

  • WASHINGTON, June 6- U.S. discount retailer Dollar Tree Inc filed a countersuit against Dollar Express on Tuesday, alleging that the smaller company's private equity owners siphoned off funds and failed to pay for $50 million in goods and services. Dollar Express was formed in 2015 when Sycamore Partners II LP bought some 330 stores in 35 states from Family...

  • NEW YORK, June 1- A Delaware court ruled on Thursday that Cypress Semiconductor must delay its annual shareholder meeting, ruling in favor of ex-CEO T.J. Rodgers who has waged a board battle against the company he founded. The Delaware Court of Chancery enjoined the $4.7 billion company's annual meeting until at least June 19, a Rodgers spokesman told Reuters.