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  • Dec 26- Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in $98 billion of the company's securities over an alleged kickback and bribery scheme. The latest case was filed on Dec. 24 in Manhattan's federal court by the Labaton Sucharow law firm on behalf of the city of Providence,...

  • NEW YORK, Dec 23- A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp.. The 2nd U.S. Circuit Court of Appeals in New York said Bank of New York Mellon did not have to face claims stemming...

  • DuPont, Monsanto agree to settle patent lawsuits Tuesday, 23 Dec 2014 | 3:07 PM ET

    Terms of the deal announced Tuesday by DuPont Co. and Monsanto Co. were not announced. St. Louis- based Monsanto had claimed that DuPont had infringed upon certain Monsanto patents for determining a seed's genetics. Based in Wilmington, Delaware, DuPont had alleged that Monsanto had infringed upon certain DuPont seed-processing patents.

  • Family Dollar delays vote on Dollar Tree deal Tuesday, 23 Dec 2014 | 10:59 AM ET

    MATTHEWS, N.C.— Family Dollar says it has delayed a shareholder vote on its proposed acquisition by Dollar Tree until Jan. 22. Family Dollar Stores Inc. has been courting multiple buyout offers. The judge determined that Family Dollar's board acted reasonably in not negotiating with Dollar General, because of antitrust risks and uncertainty that regulators...

  • NEW YORK, Dec 22- Equity markets worldwide edged higher on Monday after rising expectations for more European stimulus supported shares in the region, while year-end buying underpinned U.S. stocks. Anticipation of outright government bond buying from the European Central Bank and greater political stability in Greece boosted European bourses.

  • WILMINGTON, Del., Dec 22- The Trump Taj Mahal, a casino hotel in New Jersey's struggling Atlantic City gambling hub, could stay open for all of 2015 with a $20 million financing package from investor Carl Icahn, lawyers for Trump Entertainment Resorts said on Monday. Atlantic City's fortunes have faded as competition from Pennsylvania and other neighboring...

  • Trump Entertainment eyes new financing from Icahn Monday, 22 Dec 2014 | 12:57 PM ET

    WILMINGTON, Del.— Trump Entertainment Resorts says a new $20 million pledge by billionaire investor Carl Icahn will give it time to restructure while keeping the struggling Taj Mahal casino open. Trump attorneys said Monday that Icahn's proposal, $15 million more than his previous bankruptcy financing offer, runs through Dec. 31, 2015. The revised plan omits a...

  • Caesars Entertainment to buy affiliate Monday, 22 Dec 2014 | 8:13 AM ET

    LAS VEGAS— Caesars Entertainment Corporation says it will buy an affiliate as it tries to smooth the reorganization of a struggling division and balance its debt load. The Las Vegas casino giant says the merger with Caesars Acquisition Company will give it $1.7 billion in cash it needs to guarantee loans in a proposed bankruptcy deal it's pitched to creditors...

  • Judge: Family Dollar can vote on Dollar Tree buyout Friday, 19 Dec 2014 | 6:49 PM ET

    DOVER, Del.— A Delaware judge says stockholders of Family Dollar Stores Inc. can vote on proposed $8.5 billion acquisition by Chesapeake, Virginia- based Dollar Tree Inc.. But some Family Dollar shareholders want the vote postponed until the board reviews a deal with Dollar General Corp., which has also bid for Matthews, North Carolina- based Family Dollar.

  • NEW YORK, Dec 18- Factory activity in the U.S. mid-Atlantic region grew at a slower pace in December, a survey showed on Thursday. The Philadelphia Federal Reserve Bank said its business activity index fell to 24.5 from 40.8 the month before. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware.

  • Manufacturing growth slows in Philadelphia region Thursday, 18 Dec 2014 | 10:32 AM ET

    WASHINGTON— Manufacturing in the Philadelphia region grew at a much slower pace in December compared with the previous month. The Federal Reserve Bank of Philadelphia said Thursday that its index of regional factory activity dropped to 24.5 this month from 40.8 in November. The survey covers manufacturing in Pennsylvania, New Jersey and Delaware.

  • Sony Pictures cancels Dec. 25 release of 'The Interview' Wednesday, 17 Dec 2014 | 8:30 AM ET

    DOVER, Del.— NASCAR's Kurt Busch says he told ex-girlfriend to leave the night she claims she was assaulted.

  • DOVER, Del.— NASCAR's Kurt Busch to testify at hearing on ex-girlfriend's request for no-contact order.

  • Powdered alcohol? Not so fast, lawmakers say Monday, 15 Dec 2014 | 5:13 PM ET

    DENVER— Powdered alcohol, touted by its inventor as an easy way to mix a drink on-the-go, hasn't even arrived in stores but states are moving to ban the product amid concern that it will increase underage drinking. Colorado is the latest state considering banning "Palcohol," marketed as an ounce of rum or vodka in powdered form. "I think being proactive and jumping out...

  • Judge orders Uber to cease operations in Spain Tuesday, 9 Dec 2014 | 11:42 AM ET

    MADRID, Dec 9- A Madrid judge has ordered U.S.-based online car booking company Uber to cease operations in Spain, the latest ban on the popular service. The judge on Tuesday imposed an injunction on services after a request by the Madrid Taxi Association, which is preparing a legal case against Uber accusing it of unfair competition. The company also faces legal...

  • WASHINGTON, Dec 8- Swiss firm Supreme Foodservice GmbH pleaded guilty on Monday to overcharging the United States for food and bottled water it provided to U.S. armed forces in Afghanistan and will pay $434 million to resolve a series of related cases, according to court documents. The cases were investigated by federal prosecutors and Justice Department...

  • *Three units of Bumi Resources miss debt interest payments. JAKARTA, Dec 2- Shares in Indonesia's biggest coal miner PT Bumi Resources Tbk rose the most on Tuesday in over four months after three of its units filed for protection from U.S. creditors after failing to make debt interest payments. According to the U.S. filing, Bumi Investment and Bumi Resources missed...

  • The slide came the day after oil cartel OPEC decided not to cut output in a meeting in Vienna. "We do not know if OPEC has ulterior motives to let oil prices drift lower and pinch the global sector, or if reaching a consensus on cuts was just too challenging," wrote Wells Fargo Securities in a Friday client note. "We'll wait to see the trend next week when there's full...

  • Judge: WMT must let NYC church challenge gun sales Friday, 28 Nov 2014 | 2:06 PM ET
    Residents shop at Walmart as the store prepares for Black Friday in Los Angeles, Calif., November 24, 2014.

    A federal judge ordered Wal-Mart Stores to let shareholders vote on a proposal to force tighter oversight of its sale of high-capacity guns.

  • *Oil falls to 2010 low, Exxon Mobil tumbles. *Retailers higher, Wal-Mart boosts Dow. "Crude seems to have no floor right now, and we could easily see the price drop into the low $60 s," said Tony Roth, chief investment officer at Wilmington Trust in Wilmington, Delaware.