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  • NEW YORK/ WASHINGTON, Jan 23- A blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday, bringing the nation's capital to a standstill and forcing the closure of roads, bridges and tunnels into New York, the largest city in the country. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina, Kentucky, Ohio,...

  • NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed much of the U.S. East Coast intensified on Saturday as it barreled into New York City, forcing the closure of all bridges and tunnels into the largest U.S. city and prompting a travel ban on area highways. At least 13 people have been killed in weather-related car crashes in Arkansas, North Carolina,...

  • *Record tides cause major flooding in New Jersey, Delaware. NEW YORK/ WASHINGTON, Jan 23- A monster blizzard that has paralyzed the U.S. East Coast intensified on Saturday afternoon as it barreled into New York City, prompting a travel ban on area highways as high winds whipped up record-setting tides in New Jersey and Delaware. New York Governor Andrew Cuomo...

  • WILMINGTON, Del, Jan 22- A U.S. judge reversed course on Friday and narrowed an ongoing investigation seeking the identities of sources who leaked confidential information about bankrupt mining company Molycorp to reporters at Bloomberg LP. Bankruptcy Judge Christopher Sontchi said he realized he went too far in trying to protect a confidential mediation...

  • WILMINGTON, Del., Jan 21- A U.S. judge will decide on Monday whether teen retailer American Apparel can exit bankruptcy under the control of hedge funds or if he will allow a takeover bid by investors working with its controversial former chief executive, Dov Charney. Los Angeles- based American Apparel Inc, known for its "Made in the U.S.A." fashion and sexually...

  • WILMINGTON, Del., Jan 21- A U.S. judge will rule on Monday on a plan to bring teen retailer American Apparel out of bankruptcy under the control of hedge funds or give former chief executive Dov Charney a chance to finance a competing plan. American Apparel Inc filed for bankruptcy in October and last month Charney and two investment funds presented a competing...

  • WILMINGTON, Del., Jan 21- Dov Charney, the founder of American Apparel, told a U.S. judge on Thursday the board threatened "character assassination" if he fought his removal as chief executive in 2014, in testimony that could determine control of the bankrupt teen retailer. American Apparel wants Bankruptcy Judge Brendan Shannon in Wilmington, Delaware, to approve...

  • HOUSTON, Jan 21- A private equity-backed U.S. oil company led by former Statoil executives has bought 18,000 acres in rural west Texas, the latest deal by investors snapping up land whose value has plunged along with crude prices. Luxe Energy LLC, formed last year by Statoil alumni with $500 million in equity financing from NGP Energy Capital Management, planned...

  • "I had made a mistake in denying the motion," Sontchi said, adding the matter would go forward at a hearing on Friday morning in Bankruptcy Court in Delaware. Concerned about leaks from confidential mediation in Molycorp's Chapter 11 bankruptcy, Sontchi last week ordered 123 people to disclose their contacts with Bloomberg reporters over the prior 60 days.

  • Lawsuit alleges Viacom, CBS misrepresented Redstone's health. The separate moves were the latest challenges to New York- based Viacom, whose networks include Nickelodeon, MTV and Comedy Central. The cable network has been under pressure due to weak ratings and concerns about the mental condition of 92- year-old Redstone, whose holding company, National...

  • WILMINGTON, Del., Jan 19- A U.S. judge denied on Tuesday a request by media company Bloomberg LP to stay an order requiring more than 100 people to disclose information they shared with its reporters about a bankrupt mining company, which Bloomberg said inhibits its free speech rights. Last week, Sontchi ordered 123 people to disclose by the end of Tuesday their...

  • Jan 19- A shareholder filed a lawsuit against Viacom and CBS's boards on Tuesday, alleging the companies improperly paid millions to Sumner Redstone for his services as executive chairman "while he was physically and mentally incapacitated." The new shareholder lawsuit, filed in the Delaware Court of Chancery, says payments to Redstone "for services not...

  • Bankruptcy Judge Christopher Sontchi in Wilmington, Delaware last week ordered 123 people to disclose by the end of Tuesday their contacts with Bloomberg reporters regarding Molycorp over the prior 60 days. Bloomberg has reported, citing unidentified sources, that a confidential mediation ordered by Sontchi failed to produce a consensual plan to end the...

  • Those steps were part of an unusual deal negotiated in secret that saw four Americans freed by Iran in the prisoner swap and a fifth American released separately. The prisoner deal with Iran came as major powers prepared to implement a nuclear agreement that would lift economic sanctions against Tehran in exchange for steps to curb its nuclear program.

  • NEW YORK, Jan 15- Layoffs at chemical maker DuPont Co announced in late December, in preparation for its merger with Dow Chemical Co, create negative credit conditions for communities in Delaware and the state overall, a report said on Friday. Moody's Investors Service said the 1,700 jobs being cut in Delaware by DuPont represents a "significant" 24 percent of all...

  • Nortel Networks talks aim to end $7 bln legal fight Thursday, 14 Jan 2016 | 4:29 PM ET

    The money has been sitting in a New York bank account since Nortel Networks global businesses were sold piecemeal after the Ontario- based company filed for bankruptcy exactly seven years ago. The talks on Thursday in New York include representatives from former Nortel operations in the United States, Canada and Europe, according to two sources who declined...

  • Jan 13- David Tepper- led hedge fund Appaloosa Management LP sued to prevent SunEdison Inc's yieldco from taking over some of Vivint Solar Inc's assets after SunEdison acquires the rooftop panel installer. Appaloosa is seeking "immediate injunctive relief", given that SunEdison's acquisition of Vivint could close "at any time," the hedge fund said in a filing in a...

  • BOSTON, Jan 12- Change your cell phone number, keep your head down and take at least six months before making any major decisions. The prize is large enough that a winner choosing the option of receiving 30 $50 million installments over the next 29 years could easily pay off the $129,579 in debt the average U.S. household carried at the end of last year, according to...

  • SAN FRANCISCO, Jan 11- Investors who backed a biotechnology company led by executive Martin Shkreli are suing to get back the $5.4 million they had invested just hours before his arrest, according to court papers. The investors said KaloBios lied when it told them it and its officers were not subject to any pending investigation that could have a material impact...

  • Molycorp has said in filings with the U.S. Bankruptcy Court in Wilmington, Delaware, it had received 20 potential bids. On Tuesday, Bloomberg reported that potential buyers from China and Australia submitted nonbinding bids of more than $700 million for Molycorp's processing operations. The auction would include the company's closed mine in Mountain Pass,...