Top News & Analysis Delaware

  • DOVER, Del.— British-based pharmaceutical company AstraZeneca says it is eliminating about 700 jobs in its U.S. commercial business, including about 120 at its North American headquarters in Wilmington. AstraZeneca, which once employed close to 5,000 workers in Delaware, announced in 2013 that it was cutting 1,200 jobs at its Wilmington headquarters.

  • DETROIT— Hyundai is recalling more than 41,000 older minivans because the hoods can fly open while they're being driven. Hyundai says a secondary hood latch can rust and remain in the unlatched position. The cold-weather states include Alaska, Connecticut, Delaware, Illinois, Indiana, Iowa, Kansas, Kentucky, Maine, Maryland, Massachusetts, Michigan, Minnesota,...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • DELAWARE, Ohio _ Greif Inc. on Wednesday reported fiscal fourth-quarter earnings of $8.5 million. The Delaware, Ohio- based company said it had profit of 14 cents per share. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of 68 cents per share.

  • WASHINGTON— The Latest on Congress:. Republicans and Democrats are paying tribute to Vice President Joe Biden, who has been a part of the Senate for 44 years. With Biden presiding over the Senate, lawmakers rose to deliver speeches Wednesday hailing his resilience, friendship and integrity.

  • WASHINGTON— With an atypical burst of bipartisanship, the Senate shipped legislation to President Barack Obama on Wednesday lowering hurdles for government drug approvals as the 114th Congress bumped toward the end of a two-year run highlighted by upheaval and stalemate. Lamar Alexander, R- Tenn., chairman of the Senate health committee.

  • WILMINGTON, Del./ CHICAGO, Dec 6- A U.S. subsidiary of Spanish renewable energy firm Abengoa SA pressed a judge on Tuesday to approve its plan to exit bankruptcy over objections from a holdout creditor, who said the plan violated U.S. law by favoring the company's foreign parent. Bankruptcy Judge Kevin Carey in Wilmington, Delaware, said he wanted additional written...

  • WILMINGTON, Del./ CHICAGO, Dec 6- A leading U.S. subsidiary of Abengoa SA heads to court on Tuesday to seek approval for a bankruptcy exit plan that opponents argue violates the law by prioritizing the Spanish parent and its international backers ahead of U.S. creditors. Abeinsa Holding Inc is one of dozens of global Abengoa subsidiaries that filed for U.S.

  • Topping the list was Jack Varsalona, president of the 15,000- student Wilmington University, in Delaware, whose salary and benefits totaled $5.4 million. He was followed by Chancellor Mark Wrighton, of Washington University in St. Louis, who was paid $4.2 million, and President R. Gerald Turner, of Southern Methodist University in Texas, who was paid $3.3 million.

  • NICHOLS, N.Y.— The first of four planned casinos opened with a flurry of balloons, confetti and uncertain visions of economic resurgence on Friday as New York ushered in a new era of state-sanctioned gambling aimed at reversing decades of upstate decline. With 944 slot machines, 33 table games and an adjacent 161- room hotel under construction, Tioga Downs Casino...

  • DOVER, Del.— A federal judge has agreed that $1.6 million left over from a government settlement with student lending giant Navient Corp. should be distributed to charities. The Justice Department announced last year that nearly 78,000 members of the military would be reimbursed under a $60 million consent decree with Navient, formerly part of Sallie Mae,...

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • DuPont eliminates pension contribution for active employees

    The Wilmington-area company announces it will no longer contribute to active employees' pension plans.

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK/ MONTREAL, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, after struggling to overcome mounting losses, intense competitive pressures among U.S. teen retailers and a rocky chapter under its controversial founder. At least eight U.S. teen retailers, including Wet...

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, after struggling to overcome mounting losses, intense competitive pressures among U.S. teen retailers and a rocky chapter under its controversial founder Dov Charney. At least eight U.S. teen retailers, including...

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK, Nov 14- American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. American Apparel, known as much for its sexually charged advertising, listed assets...

  • NEW YORK, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. American Apparel listed assets and liabilities in the range of $100 million to $500 million, according to a Delaware court filing....

  • NEW YORK, Nov 14- American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of popular culture for its racy advertising and mercurial...