CNBC reveals the priciest places to live in its annual Top States for Business ranking, based on the cost of housing and other essentials. » Read More
NASSAU, Oct 26- Slow-moving Hurricane Sandy, a late season Atlantic storm unlike anything seen in more than two decades, slogged toward the U.S. East Coast on Friday after killing at least 34 people on a path destruction across the Caribbean.
Oct 26- Bankrupt battery maker A123 Systems Inc. plans to ask for court approval for a loan from auto parts maker Wanxiang Group Corp, which could give the Chinese company an advantage over a U.S. rival in a takeover battle for A123. A123, which filed for bankruptcy earlier this month, has an interim bankruptcy loan with Johnson Controls.
Meanwhile, workers in Ocean City, Md., filled sandbags, and Maryland Gov. "Delaware is smack dab in the crosshairs based on the current path projections," said Chip Guy, a spokesman for Sussex County, home to southern Delaware's beaches. Forecasters expect the hurricane to turn inland around Delaware, but said it could still hit as far north as New York.
NEW YORK-- A growth in early voting and tough economy for the media are forcing changes to the exit poll system that television networks and The Associated Press depend upon to deliver the story on Election Night, all with the pressure-filled backdrop of a tight presidential race.
Oct 24- The U.S. Department of Interior granted a lease for an offshore wind farm off the coast of Delaware to a unit of U.S. power company NRG Energy, which decided in December to put the project on hold due to financial considerations.
JACKSON, Miss.-- An Oklahoma Indian tribe is moving forward with buying the DiamondJacks casinos in Bossier City, La., and Vicksburg, Miss.. Wilmington Trust, a Delaware institution, leads a syndicate holding $181 million in secured debt with the first claim on Legends assets.
WASHINGTON-- Federal officials say NRG Energy Inc. has been awarded a lease for an offshore wind power farm 11 miles off the Delaware coast. NRG announced late last year that it had ended an offshore wind power contract with Delmarva Power.
DOVER, Del.-- A Delaware judge is overruling government objections and approving a bankruptcy exit plan for failed solar power company Solyndra LLC. Under the plan approved Monday, the Department of Energy stands to recover little if any of a $528 million loan to Solyndra from the Obama administration.
District Judge James E. Boasberg rejected the federal government's argument that the environmental groups' lawsuit was moot because the Fish and Wildlife Service had already agreed to stop the practice after this year.
ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.
TROY, Mich.-- Chemical giant DuPont Co. is opening an innovation center in suburban Detroit that's aimed at speeding the introduction of new products for the automotive industry. It is DuPont's eighth-such center and is located at its Automotive Development Center in Troy.
ALEXANDRIA, Va.-- A South Korean company and five of its employees are accused in an indictment of stealing the recipe from the DuPont Co. to the high-tech fiber used to make Kevlar body armor, prosecutors announced Thursday.
KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.
NEWARK, Del.-- Student lender Sallie Mae said Wednesday it swung to a profit in the third quarter after losing money a year earlier, as it reduced operating expenses and set aside less money to cover bad loans. Sallie Mae said it set aside $270 million for troubled loans in the third quarter, or $139 million less than it did a year earlier.
BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.
WILMINGTON, Del.-- The failed solar power company Solyndra LLC is asking a Delaware bankruptcy judge to confirm its proposed reorganization plan over objections from government attorneys. Lawyers also addressed and rejected Internal Revenue Service and Department of Energy objections.
WASHINGTON-- Motorists in Delaware region are paying 2 cents less at the pump compared to a week ago. AAA Mid-Atlantic said Sunday in a weekly report that the average price of a gallon of regular gas in Delaware is $3.76. At this time last year Delaware drivers were paying $3.35 per gallon.
WILMINGTON, Del.-- Government attorneys are urging a Delaware bankruptcy judge to reject the proposed reorganization plan of failed solar power company Solyndra LLC. Internal Revenue Service attorneys filed papers this week saying the plan's principal purpose is tax avoidance.
WILMINGTON, Del.-- The plant manager of the Delaware City refinery is not ruling out a future expansion of operations at the facility. PBF Energy, which purchased the shuttered refinery from Valero Corp. in 2010 for $220 million, said earlier this year that it was putting plans for a $1 billion expansion project on hold.