Top News & Analysis Delaware

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • The justices said they will hear an appeal by beverage flavoring company TC Heartland LLC to have a patent infringement suit brought against it by food company Kraft Heinz Co moved from federal court in Delaware, where it was filed, to Heartland's home base in Indiana. Pittsburgh- based Kraft, which makes the MiO brand of liquid water enhancers, sued in Delaware in...

  • President-elect Donald Trump must divest his luxury Washington hotel in a building leased from the federal government because the arrangement violates conflict-of-interest rules, congressional Democrats said on Wednesday. The General Services Administration, which manages property owned by the federal government, including the Old Post Office...

  • President-elect Donald Trump convenes a gathering of leaders of some of the largest technology companies at his New York headquarters on Wednesday as he continues to hold meetings before taking office on Jan. 20. *Amazon.com Inc CEO Jeff Bezos. *Palantir Technologies Inc CEO Alex Karp.

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • Without bankruptcy, many of small and medium-sized service companies risk missing out on any upturn that could follow President-elect Donald Trump's pro-drilling agenda or OPEC's plan to cut oil production for the first time in eight years, restructuring advisors said. In June through October, nine companies with at least $100 million in debt filed for...

  • WILMINGTON, Del./ CHICAGO, Dec 6- A U.S. subsidiary of Spanish renewable energy firm Abengoa SA pressed a judge on Tuesday to approve its plan to exit bankruptcy over objections from a holdout creditor, who said the plan violated U.S. law by favoring the company's foreign parent. Bankruptcy Judge Kevin Carey in Wilmington, Delaware, said he wanted additional written...

  • WILMINGTON, Del./ CHICAGO, Dec 6- A leading U.S. subsidiary of Abengoa SA heads to court on Tuesday to seek approval for a bankruptcy exit plan that opponents argue violates the law by prioritizing the Spanish parent and its international backers ahead of U.S. creditors. Abeinsa Holding Inc is one of dozens of global Abengoa subsidiaries that filed for U.S.

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • Nov 23- At Global Geophysical Services LLC headquarters in a Houston suburb, a few employees are winding down what is left of an oil and gas industry data provider that only three years ago had a staff of more than 1,000 and offices around the world. In Global Geophysical's first bankruptcy, a fight among creditors was in part to blame for leaving it with more than...

  • DuPont eliminates pension contribution for active employees

    The Wilmington-area company announces it will no longer contribute to active employees' pension plans.

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK/ MONTREAL, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, after struggling to overcome mounting losses, intense competitive pressures among U.S. teen retailers and a rocky chapter under its controversial founder. At least eight U.S. teen retailers, including Wet...

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, after struggling to overcome mounting losses, intense competitive pressures among U.S. teen retailers and a rocky chapter under its controversial founder Dov Charney. At least eight U.S. teen retailers, including...

  • *Lists assets and liabilities in $100- $500 mln range. NEW YORK, Nov 14- American Apparel LLC filed for its second bankruptcy protection in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. American Apparel, known as much for its sexually charged advertising, listed assets...

  • NEW YORK, Nov 14- American Apparel LLC filed its second bankruptcy in just over a year on Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder. American Apparel listed assets and liabilities in the range of $100 million to $500 million, according to a Delaware court filing....

  • NEW YORK, Nov 14- American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of popular culture for its racy advertising and mercurial...

  • NEW YORK, Nov 14- American Apparel LLC plans to file its second bankruptcy in just over a year as soon as Monday, weighed down by intense competitive pressures facing U.S. teen retailers and a rocky relationship with its founder, according to people familiar with the matter. The company became a part of popular culture for its racy advertising and mercurial...

  • Nov 11- Duke Energy Corp has agreed to pay $27 million to settle a lawsuit over the power producer's abrupt firing of its newly installed chief executive in 2012.. Duke had agreed to install Progress Energy head William Johnson as chief executive of the combined company as part of the terms to buy Progress. But within hours of the deal closing in July 2012, the new...

  • WINNIPEG, Manitoba, Nov 9- The Canadian government will review the use of a suit designed to shield laboratory workers from dangers such as the Ebola virus after an employee found a tear following an experiment, the lab's director said on Wednesday. The worker at the National Centre for Foreign Animal Disease in Winnipeg may have been accidentally exposed to...

  • WINNIPEG, Manitoba, Nov 9- The Canadian government will review the use of a suit used to shield laboratory workers from the Ebola virus after an employee found a tear following an experiment, the lab's director said on Wednesday. The worker at the National Centre for Foreign Animal Disease in Winnipeg, Manitoba may have been accidentally exposed to Ebola on...