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Top News & Analysis Delaware

  • July 5- U.S. denim retailer True Religion Apparel Inc said on Wednesday it filed for bankruptcy protection and signed a restructuring agreement with a majority of its lenders. True Religion, a company whose denims have gradually fallen out of style, filed for creditor protection under Chapter 11 in the U.S. bankruptcy court in the District of Delaware, and listed...

  • July 5- Embattled retailer True Religion Apparel Inc said on Wednesday it filed for bankruptcy protection and signed a restructuring agreement with a majority of its lenders. True Religion, a U.S. denim company whose signature products have gradually fallen out of style, filed for creditor protection under Chapter 11 in the U.S. bankruptcy court in the...

  • *Deal to sell six reactors to India might close in 2018. *Deal to sell six reactors to India might close in 2018. NEW DELHI, July 3- The U.S. administration has told India that Westinghouse Electric Co will emerge from bankruptcy and be sold by the year end, industry and diplomatic sources have said, raising the prospect of a Washington- supported sale or bailout for the...

  • The board set July 19 as the record date for the spinoff of Brighthouse Financial Inc, with shares to be distributed on Aug. 4, subject to approval by the U.S. Securities and Exchange Commission, the company said. On Wednesday, Delaware insurance regulators approved Brighthouse's request to acquire key MetLife businesses operating in Delaware and do business in...

  • WILMINGTON, Del./ BOSTON, June 29- Sprint Corp used confidential information from its alliance with RadioShack Corp to open competing mobile phone stores, dooming the comeback by the electronics retailer and destroying jobs, according to a lawsuit filed on Wednesday by RadioShack creditors. RadioShack emerged from bankruptcy in 2015 with a deal to co-brand...

  • The board set July 19 as the effective date for the spinoff of Brighthouse Financial Inc, with shares to be distributed on Aug. 4, subject to approval by the U.S. Securities and Exchange Commission, the company said. On Wednesday, Delaware insurance regulators approved Brighthouse's request to acquire key MetLife businesses operating in Delaware and do...

  • WILMINGTON, Del., June 27- Lawyers for people injured by exploding Takata Corp air bags told a U.S. bankruptcy court judge on Tuesday that the company's restructuring plan is being skewed to benefit automakers over victims. TK Holdings Inc, the U.S. business of Takata, filed for Chapter 11 bankruptcy on Sunday due to tens of billions of dollars of liabilities from...

  • WILMINGTON, Del., June 27- The Delaware Supreme Court ruled in favor of Chicago Bridge& Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants. Chicago Bridge shares soared after the court ended the battle over a 2015 deal in which Westinghouse, a unit of Japan's Toshiba...

  • WILMINGTON, Del, June 27- The Delaware Supreme Court ruled in favor of Chicago Bridge& Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants. Tuesday's ruling will prevent Westinghouse from bringing to the auditor issues tied to historical accounting, which made up...

  • WILMINGTON, Del, June 27- The Delaware Supreme Court ruled in favor of Chicago Bridge& Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants. Tuesday's ruling will prevent Westinghouse from bringing to the auditor issues tied to historical accounting, which made up...

  • *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.

  • 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...

  • 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...