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Top News & Analysis Delaware

  • Feb 23- Cigna Corp said Chief Financial Officer Thomas McCarthy will retire this summer, a week after the health insurer's $54 billion deal to be acquired by Anthem Inc was blocked by the U.S. Justice Department. Michael Triplet, Alan Muney and Christopher Hocevar will join the team immediately, the company said. Cigna had notified Anthem that it had ended the deal...

  • WILMINGTON, Del. _ InterDigital Inc. on Thursday reported fourth-quarter earnings of $136.5 million. The Wilmington, Delaware- based company said it had profit of $3.85 per share. For the year, the company reported profit of $309 million, or $8.78 per share.

  • Environmental groups and anti-drilling residents fear regulators are taking steps to lift a seven-year moratorium on natural gas development near the Delaware River, whose watershed supplies Philadelphia and half the population of New York City. The Delaware River Basin Commission, the agency that monitors and regulates the water supply of more than 15...

  • SAN FRANCISCO, Feb 17- The state of Delaware will sell $225 million of general obligation bonds on Feb. 23, the largest offer in a trading week shortened by the Presidents Day holiday on Monday. The subdued level of supply is in line with the low-volume trend that began at the outset of the month, according to Alan Schankel, managing director and municipal strategist...

  • WILMINGTON, Del., Feb 17- Energy Future Holdings Corp, which owns the largest power network in Texas, received court approval on Friday to confirm its plan to exit bankruptcy and be acquired by NextEra Energy Inc in a deal valued at around $18 billion. Approval from the Public Utility Commission of Texas is required for the purchase of Energy Future's power...

  • FRANKFORD, Del.— Police say an Uber driver in Delaware would drop off passengers at their destination and return to their homes to burglarize them. Delaware State Police say 26- year-old Saddam A. Awadallah has been arrested after he drove passengers from their homes to businesses and restaurants in the Ocean City and Dewey Beach areas. Police say Awadallah was...

  • WASHINGTON— The Latest on President Donald Trump's Cabinet nominations under Senate consideration:. President Donald Trump's controversial choice to lead the Environmental Protection Agency has cleared a key hurdle in the Republican-led Senate. The Senate has confirmed President Donald Trump's pick to run the White House budget office, giving...

  • WILMINGTON, Del. _ Chemours Co. on Wednesday reported a loss of $230 million in its fourth quarter. The Wilmington, Delaware- based company said it had a loss of $1.26 per share. Chemours shares have increased 48 percent since the beginning of the year.

  • Feb 15- Anthem Inc on Wednesday won a temporary restraining order that blocks smaller rival Cigna Corp from officially terminating their proposed $54 billion merger, a transaction already rejected by U.S. antitrust regulators. Judge Travis Laster of Delaware's Court of Chancery granted the temporary order, saying it would keep the deal together so Anthem...

  • In separate rulings, federal judges struck down both deals as anticompetitive, at the request of the Justice Department. Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem's lawsuit, which was also filed in...

  • Cigna also filed a lawsuit in Delaware, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. President Donald Trump and Republicans have vowed to repeal and replace Obamacare, the national healthcare reform law that created new individual insurance and...

  • Cigna also filed a lawsuit in Delaware on Tuesday, seeking legal sanction for its decision to end the deal and approval for $13 billion in damages for its shareholders who did not receive the takeover premium. Anthem in its lawsuit, which was also filed in Delaware, is seeking a temporary restraining order to prevent Cigna from ending the deal, arguing there is...

  • Feb 15- Anthem Inc said on Wednesday it has filed a lawsuit seeking a temporary restraining order to enjoin Cigna Corp from terminating its $54 billion deal. Cigna said on Tuesday it had notified Anthem that it had terminated its merger and that Anthem was required to pay a $1.85 billion breakup fee. Cigna also filed a lawsuit in Delaware on Tuesday, asking a judge...

  • NEW YORK/ WASHINGTON Feb 14- Health insurers Aetna Inc and Humana Inc walked away from their $34 billion merger on Tuesday and Cigna Corp sought to end its deal with Anthem, shelving the industry consolidation they charted to address former President Barack Obama's Affordable Care Act. President Donald Trump and Republicans have vowed to repeal and replace...

  • Feb 14- Health insurers Aetna Inc and Humana Inc walked away from their $34 billion merger on Tuesday and Cigna Corp sought to end its deal with Anthem, shelving the industry consolidation they charted to address former President Barack Obama's Affordable Care Act. President Donald Trump and Republicans have vowed to repeal and replace Obamacare, the...

  • Both deals were announced in July 2015, and the Justice Department filed a lawsuit a year later saying they were illegal under antitrust law. Federal judges hearing the cases ruled against Aetna's acquisition of Humana on Jan. 23 and Anthem's $54 billion bid for Cigna on Feb. 8. Aetna will pay Humana a $1 billion breakup fee, or $630 million after taxes, and...

  • WILMINGTON, Del. _ Incyte Corp. on Tuesday reported fourth-quarter net income of $8.9 million. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. Incyte shares have climbed 21 percent since the beginning of the year.

  • WILMINGTON, Del., Feb 13- A Delaware judge had the authority to order the sale of TransPerfect Global Inc, a leading translation business, over the opposition of a co-owner, the Delaware Supreme Court ruled on Monday in an unusually heated boardroom battle. Most of the 68- page ruling and dissent focused on whether Delaware law grants a judge the authority to order a...

  • DOVER, Del.— Delaware's Supreme Court has upheld the court-ordered sale of a successful New York- based translation company after a judge concluded the relationship between the company's two co-founders and sole directors had devolved into "complete dysfunction." The judge concluded that feuding co-founders Philip Shawe and Elizabeth Elting, his former...

  • WASHINGTON— DuPont and Chemours will pay nearly $671 million to settle thousands of lawsuits related to the release of a chemical from a plant in West Virginia more than a decade ago. Chemours was spun off from DuPont two years ago. DuPont says it will pay half of the settlement and the other half will be paid by The Chemours Co. The settlement covers all pending...