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Top News & Analysis Delaware

  • Judge Travis Laster of Delaware's Court of Chancery denied Anthem's request for a preliminary injunction but stayed implementation of his ruling until noon on Monday to give the insurer time to decide if it will pursue an appeal to the Delaware Supreme Court. The U.S. Justice Department and 11 states sued last year to stop the $54 billion merger, which would...

  • NEW YORK, May 11- Hedge fund Elliott Management Corp filed a lawsuit against Energy Future Holdings Corp on Thursday, claiming that the bankrupt power company has prevented it from pursuing better options for it as its $18.7 billion deal with NextEra Energy Inc falters. Elliott, Energy Future's largest creditor, wants to lay the groundwork for a plan of...

  • WILMINGTON, Delaware, May 11- A Delaware judge refused to grant health insurer Anthem Inc a preliminary injunction on Thursday, handing a victory to smaller rival Cigna Corp which has sought to terminate their $54 billion proposed merger. The U.S. Justice Department and 11 states sued last year to stop the merger, which would have created the largest U.S. health...

  • DELAWARE JUDGE DENIES ANTHEM INC'S REQUEST FOR PRELIMINARY INJUNCTION, ALLOWING CIGNA CORP TO END $54 BLN MERGER.

  • May 10- Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska- the two remaining states where it offered the plans. Republicans in the U.S. House of Representatives last week voted to undo the Affordable Care Act, often called Obamacare, the signature domestic achievement of former...

  • May 10- Health insurer Aetna Inc said on Wednesday it will exit the 2018 Obamacare individual insurance market in Delaware and Nebraska- the two remaining states where it had offered the plans. Aetna had previously announced plans to exit the individual commercial market in Virginia and Iowa. Aetna projected more than $200 million in losses from its exchange...

  • May 10- Health insurer Aetna Inc on Wednesday said it will exit the Obamacare individual insurance market in Delaware and Nebraska and will not offer such plans on or off the online exchange created by the Affordable Care Act. Aetna said earlier this year that it would exit the individual market in Virginia and Iowa. The insurer projected more than $200 million...

  • WILMINGTON, Del./ WASHINGTON, May 8- Health insurer Anthem Inc asked a Delaware judge on Monday to give it more time to try to win approval for a merger with rival Cigna Corp, which is seeking to end the deal and collect a $1.85 billion break-up fee. Anthem asked Vice Chancellor Travis Laster of Delaware's Court of Chancery to grant a 60- day preliminary injunction...

  • *Sees FY adj income from ops $9.25- $9.75 per share. *Anthem files Supreme Court petition on Cigna. Analysts and antitrust experts said they expected the Supreme Court to decline to take the case.

  • CHICAGO, May 4- Central Grocers Inc, a wholesale grocery cooperative in the Chicago area, filed for bankruptcy on Thursday as it tried to close or sell businesses after struggling to adapt to consumer shifts to online and gourmet shopping and "big box" stores. Central Grocers, with about $2 billion in annual sales, said it had a plan to close its distribution business,...

  • WILMINGTON, Del./ NEW YORK May 2- In 2012, construction of a Georgia nuclear power plant stalled for eight months as engineers waited for the right signatures and paperwork needed to ship a section of the plant from a factory hundreds of miles away. Those problems have led to an estimated $13 billion in cost overruns and left in doubt the future of the two plants, the...

  • Workers unload United Parcel Service Inc. (UPS) cargo jets at the company's Latin America and Caribbean sorting facilities at Miami International Airport in Miami, Florida.

    A union representing 1,200 U.S. air maintenance workers at UPS turned up pressure on the company to settle a three-year contract dispute.

  • The union is taking its grievances directly to UPS shareholders, running as an advertisement an open letter to David Abney, the companys chief executive, ahead of a Thursday shareholders meeting. The letter, which has been delivered to board members, was signed by nearly 78 percent of members of Local 2727 of the Teamsters union, asking the company to maintain air...

  • The union is taking its grievances directly to UPS shareholders, running as an advertisement an open letter to David Abney, the companys chief executive officer, ahead of a Thursday shareholders meeting. The letter, which has been delivered to board members, was signed by nearly 78 percent of members of Local 2727 of the Teamsters union, asking the company to...

  • WILMINGTON, Del, April 27- The owners of one of the first new U.S. nuclear power plants in decades said the half-finished reactors might not be completed without changes to a proposed $800 million loan to the bankrupt builder, Westinghouse Electric Co LLC. Westinghouse filed for bankruptcy in March, blaming billions of dollars of cost overruns at two nuclear...

  • NEW YORK, April 25- More than a dozen state prosecutors urged President Donald Trump in a letter on Tuesday not to withdraw from the Paris Climate Agreement, which commits the United States, along with 200 other countries, to reducing its greenhouse gas emissions in an attempt to slow global warming. In an April 14 appearance on television show "Fox& Friends," Scott...

  • WASHINGTON, April 25- The U.S. Supreme Court on Tuesday appeared poised to clamp down on where corporations can be sued, a potential setback for plaintiffs' lawyers who strive to bring cases in courts and locales they consider friendly. Conservative Justice Anthony Kennedy expressed skepticism over California handling matters for residents of all other...

  • Conservative Justice Anthony Kennedy expressed skepticism over California handling matters for residents of all other states. Liberal Justice Elena Kagan suggested Bristol-Myers did not want to face multiple trials in California specifically because of plaintiff-friendly juries or the possibility of punitive damages. "All of the above," the company's...

  • OSLO, April 20- A U.S. court has rejected a last-minute effort by billionaire investor John Fredriksen's Frontline to prevent BW Group from acquiring a major stake in rival oil tanker firm DHT Holdings, DHT said on Thursday. The New York County Supreme Court's decision means that privately-owned BW Group, led by shipping tycoon Andreas Sohmen Pao, can proceed...

  • A sign explains new procedures for identification of foreign travelers holding visas entering the U.S. January 5, 2004 at JFK airport in New York City.

    President Trump signed an executive order Tuesday calling for a full review of the H-1B visa program. Here's who will be most affected.