Top News & Analysis Delaware

  • ATLANTIC CITY, N.J.— New Jersey gambling regulators and a Canadian Mohawk tribe are cracking down on illegal internet gambling by blocking unapproved sites from accepting bets from New Jersey and other U.S. states through a data center on tribal land. The company provides technical services to data centers and serves several New Jersey online gambling...

  • WILMINGTON, Del, Sept 23- Failed South Korean container carrier Hanjin Shipping Co Ltd told a U.S. judge on Friday that cargo owners were withholding up to $80 million in payments for completed shipments, complicating the company's ability to move stranded freight. "Hanjin is not the only bad guy here," Ilana Volkov, an attorney for the shipping company, said at a...

  • LAWSUIT RELATES TO COX COMPLAINT IN DELAWARE FEDERAL COURT THAT THE SPRINT PATENTS ARE INVALID AND NOT INFRINGED.

  • COURT OF APPEALS FOR THE FEDERAL CIRCUIT REVERSES DELAWARE COURT THAT HAD RULED THE PATENTS WERE INDEFINITE.

  • A customer carries a Walmart paper shopping bag

    Wal-Mart must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery.

  • Sept 21- Wal-Mart Stores Inc must face a class-action lawsuit accusing the world's largest retailer of defrauding shareholders by concealing suspected bribery to help it expand faster in Mexico, a U.S. judge said. District Judge Susan Hickey in Fayetteville, Arkansas rejected Wal-Mart's contention that a Michigan pension fund had no standing to lead the...

  • WASHINGTON— Congress gave final legislative approval Wednesday to a bill boosting efforts to combat illegal wildlife poaching and trafficking, a growing problem worldwide with an estimated cost of up to $10 billion a year. The Senate approved the measure last week. It also gives prosecutors more tools to go after individuals involved in trophy hunting and...

  • CHICAGO, Sept 21- Caesars Entertainment Corp said on Wednesday it proposed along with its private equity backers a settlement offer with an added $1.6 billion for creditors of its casino operating unit, raising hopes of an end to the subsidiary's costly bankruptcy. Apollo Global Management and TPG Capital Management, the private equity firms that control the...

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami has not been allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit port.

  • Sept 20- Failed South Korean cargo line Hanjin Shipping Co Ltd has found the money to unload a full container ship waiting outside a New York- area port. The National Retail Federation on Tuesday urged U.S. But the Miami is not being allowed in port because of a dispute about empty Hanjin shipping containers, which the Miami normally would load up as ballast to exit...

  • Sept 19- Tesla Motors Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed because of shareholder lawsuits alleging board members breached their fiduciary duty, the latest hurdle to a $2.6 billion deal. A hearing is scheduled on Oct. 18 in Delaware. Since Tesla Chief Executive Officer Elon Musk is the biggest shareholder in both Tesla...

  • Sept 19- Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. The company said four lawsuits were filed in Delaware between Sept. 1 and Sept. 16 and a potential injunction on the proposed $2.6 billion merger could delay the closing of the deal.

  • Sept 19- Elon Musk-led Tesla Motor Inc said on Monday its proposed acquisition of SolarCity Corp could be delayed due to shareholder lawsuits challenging the deal. Four lawsuits were filed in Delaware between Sept. 1 and Sept. 16, the company said in a regulatory filing. The lawsuits allege, among other things, that both Tesla and SolarCity board members breached...

  • Sept 16- U.S. drillers this week added oil rigs for an 11th week in the past 12, according to a closely followed report on Friday, although the rate of increases has slowed as crude prices remain below the key $50 a barrel level that spurs a return to the well pad. RIG-OL-USA- BHI> The oil rig count plunged from a record high of 1,609 in October 2014 to a low of 316 in May...

  • Sept 15- A lawyer for Hanjin Shipping Co Ltd, the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a...

  • Sept 15- A lawyer for Hanjin Shipping Co Ltd, the failed South Korean container carrier, said on Thursday a U.S.-bound vessel was held "hostage" by disputes over payments, adding to the struggles in getting $14 billion of cargo off its ships stranded at sea. "There is no clear visibility yet on what will happen with this business," Hanjin lawyer Ilana Volkov said at a...

  • Sept 14 (Reuters)- Specialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc.. Golfsmith listed both its assets and liabilities at between $100 million and $500 million, according to a filing with...

  • Sept 14- Specialty golf retailer Golfsmith International Inc filed for Chapter 11 bankruptcy on Wednesday and agreed to sell its Canadian retail chain to a group led by Fairfax Financial Holdings Ltd and a unit of CI Investments Inc.. Golfsmith listed both its assets and liabilities at between $100 million and $500 million, according to a filing with the U.S....

  • Sept 13- The bankruptcy of Korea's Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads. Terminal operators in the California ports of Long Beach and Oakland are not taking back empty containers. "If it's not fixed in the...

  • Sept 12- Freeport McMoRan Inc agreed to sell its deepwater Gulf of Mexico assets to Anadarko Petroleum Corp for $2 billion as it looks to cut its heavy debt load. The transaction comes as something of a surprise after Freeport failed to find a buyer for all or part of its oil assets last year and earlier this year, said Clarksons Platou Securities analyst Jeremy...