GO
Loading...

Delaware

More

  • WILMINGTON, Del.— A lender who failed to win an auction this week for RadioShack's assets is planning to submit a new bid as a bankruptcy court hearing on the fate of the electronics retailer drags on. An attorney for Salus Capital Partners, one of RadioShack's largest creditors, said Friday that it will present a new bid when the hearing resumes Monday and is...

  • WILMINGTON, Del, March 27- A lender to bankrupt RadioShack Corp told a U.S. judge on Friday it was prepared to present a new offer that was a "significant improvement" over a rival proposal that was selected as a winning bidder at an auction this week. RadioShack's advisers declared that Standard General had outbid Salus, RadioShack's largest creditor, at a four-day...

  • DETROIT, March 27- Ford Motor Co Chief Executive Officer Mark Fields made $18.6 million in salary and other compensation last year, below the $23.2 million that predecessor Alan Mulally received in 2013, the company said on Friday. Earlier this month, Fiat Chrysler Automobiles said its CEO, Sergio Marchionne, received 31.3 million euros. General Motors Co has...

  • Mulally earned $22 million in final year as Ford CEO Friday, 27 Mar 2015 | 9:22 AM ET

    DEARBORN, Mich.— Former Ford CEO Alan Mulally's compensation fell 5 percent to $22 million in his final year at the company, reflecting lower profits as the company invested heavily in new vehicles and plants. The company also announced that its annual meeting will be held May 14 in Wilmington, Delaware. As a result, he earned $1 million in salary compared with $2...

  • WILMINGTON, Del., March 26- A deal to keep 1,740 RadioShack Corp stores open hangs in the balance in a Delaware court after its top creditor, a losing bidder in an auction for the bankrupt retailer, called the process a "sham" and demanded a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. While RadioShack's attorney told the court the deal saved...

  • March 26- Personal information gathered by RadioShack Corp from shoppers is not included in its sale, the consumer privacy ombudsman in the electronics retailer's bankruptcy case said in response to concerns shared by several states that the data could be sold. Her letter came as Oregon and Pennsylvania on Wednesday joined Texas and Tennessee in objecting...

  • Bankruptcy hearing could decide fate of RadioShack Thursday, 26 Mar 2015 | 3:07 PM ET

    RadioShack, based in Fort Worth, Texas, says an offer valued at about $160 million from hedge fund Standard General LP was the best bid submitted in an auction that began Monday in New York and was suddenly reconvened in Wilmington, Delaware after midnight Thursday, just hours before the court hearing. RadioShack's bankruptcy plan calls for Sprint, the No. 3 U.S....

  • WILMINGTON, Del., March 26- RadioShack Corp's rescue deal to keep 1,740 stores open was attacked on Thursday by the bankrupt retailer's top creditor, a failed bidder who called the auction a sham and sought a new sale. RadioShack, which filed for bankruptcy last month, told a U.S. An attorney for Salus Capital Partners, which is owed $150 million and is RadioShack's...

  • WASHINGTON— Each month, more than 200,000 needy U.S. households take out what's advertised as a brief loan. The Consumer Financial Protection Bureau proposed rules Thursday to protect Americans from stumbling into what it calls a "debt trap." "The idea is pretty common sense: If you lend out money, you should first make sure that the borrower can afford to pay it back,"...

  • House Roll Call: Republicans approve conservative budget Wednesday, 25 Mar 2015 | 7:19 PM ET

    The 228-199 roll call Wednesday by which the House passed a conservative budget that relies on nearly $5 trillion in cuts to eliminate deficits over the next decade, calls for repealing the health care law and envisions transformations of the tax code and Medicare. Republicans— Aderholt, Y; Brooks, Y; Byrne, Y; Palmer, Y; Roby, Y; Rogers, Y. Republicans— Crawford, N; Hill, Y;...

  • NEW YORK, March 25- Patent holding company Intellectual Ventures' second crack at holding Motorola Mobility liable for using its technology without permission partially succeeded on Wednesday after a U.S. jury in Delaware found Motorola infringed a patent on multimedia text messaging. Another trial between the two, involving a single Intellectual...

  • UPDATE 1-RadioShack auction headed for courtroom showdown Wednesday, 25 Mar 2015 | 5:34 PM ET

    March 25- An auction for RadioShack Corp failed to resolve whether the electronics retailer will remain in business as bidders attacked each in court filings, setting up a showdown before a judge on Thursday. By early Wednesday, however, one of RadioShack's lenders, Salus Capital Partners, asked the U.S. Bankruptcy Court judge overseeing the case to intervene.

  • RadioShack lender asks judge to intervene in auction Wednesday, 25 Mar 2015 | 1:35 PM ET

    March 25- A RadioShack Corp lender asked a U.S. Bankruptcy Court judge to intervene in the auction of the electronics retailer and said it had submitted a bid to liquidate the chain that was "materially superior" to one favored by RadioShack. The lender said, however, that RadioShack favored a proposal from hedge fund Standard General, even though its bid included...

  • Standard General raises bid for bankrupt RadioShack Tuesday, 24 Mar 2015 | 6:20 PM ET
    A customer leaves a RadioShack store in San Francisco and a Sprint store is shown in Fort Lauderdale, Fla.

    Hedge fund Standard General is said to have raised its bid to buy about 1,740 stores of bankrupt electronics retailer RadioShack at auction.

  • Steve Scalise of Louisiana, the third-ranking GOP leader in the House, cited two reasons for the rank and file to approve the budget, saying it would "get our economy moving again, and also set the stage for a repeal of Obamacare." Democrats criticized the plans in both houses without letup, particular the repeal of the health care law and the billions of dollars in...

  • HARPERSFIELD, N.Y.— The 124- mile Constitution Pipeline will likely bring some relief from high natural gas prices to residents of New York City and New England, but it will also bring anguish to some landowners in the wooded hills and valleys in its path. Of 651 landowners in New York and Pennsylvania affected by the $700 million pipeline project, 125 refused to...

  • About 55 percent of Earned Income Tax Credit recipients reported using a paid tax preparer last year.

  • WHITE PLAINS, N.Y.— The children of comedian James McNair, who was killed in the New Jersey Turnpike crash that injured Tracy Morgan, are getting a $10 million settlement from Wal-Mart, court papers show. The documents also show that the children, Jamel McNair, 26, and Denita McNair, 19, are putting part of the payment toward annuities that will pay them...

  • The grants, announced Friday in Georgia by Agriculture Secretary Tom Vilsack, come as the Republican Congress is exploring ways to cut the program, which cost $74 billion last year— twice its cost in 2008.. The food stamp program has long been the center of political wrangling in Washington, with elective officials debating it virtually endlessly.

  • LAS VEGAS— No one said it was going to be easy, and the bankruptcy of Caesars Entertainment's debt-heavy operations arm has been anything but as it appears to be growing even more complex and lengthier than expected. With some $18 billion in debt and tens of thousands of employees scattered around some 38 hotels and casinos, Caesars Entertainment Operating Co....