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Top News & Analysis Delaware

  • NEW YORK, May 16- JPMorgan Chase& Co Chief Executive Jamie Dimon on Tuesday responded to criticism from angry shareholders of his role advising President Donald Trump on economic matters, saying he would help "any president" in office. At the bank's annual meeting in Wilmington, Delaware, several attendees demanded answers from Dimon about his role on a White...

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the unfinished Vogtle power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for its guarantees on the much-delayed nuclear project, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said on Sunday. The deal is also contingent on the...

  • WILMINGTON, Del/ NEW YORK, May 14- The owners of the Vogtle nuclear power plant in Georgia led by Southern Co agreed to cap Toshiba Corp's responsibility for guarantees for its bankrupt Westinghouse subsidiary, helping ease the Japanese electronics maker's financial stress, people familiar with the matter said Sunday. The deal is also contingent on the owners...

  • Lidl said in February it planned to open its first 20 U.S. stores in North Carolina, South Carolina and Virginia, with 80 more to follow in the United States within the first year. Lidl is owned by Germany's privately held Schwarz Group. According to the company's website, it is hiring workers in 38 cities in the eastern U.S. states of Delaware, Georgia, Maryland, New...

  • NEW YORK, May 12- Anthem Inc on Friday called off a $54 billion deal to buy Cigna Corp, one day after the second-largest U.S. health insurer lost a Delaware business court ruling that could have kept alive the chances of a combination. Anthem and Cigna have been in legal disputes since the U.S. Justice Department won its case to block the merger that would have created...

  • NEW YORK, May 12- Anthem Inc said on Friday it notified Cigna Corp that their $54 billion merger deal was off after it lost a Delaware business court ruling on Thursday and also said it would not pay Cigna a $1.85 billion merger break-up fee. Cigna was suing in Delaware to terminate the merger while Anthem pursued appeals of the antitrust decision.

  • NEW YORK, May 12- Anthem Inc said on Friday it notified Cigna Corp that the $54 billion merger deal was off after it lost a Delaware business court ruling on Thursday and also said it would not pay Cigna the $1.85 billion merger break-up fee. Anthem and Cigna have been in legal disputes since the U.S. Justice Department won its case to block the merger of the two health...

  • 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.