China's largest maker of auto parts won a politically sensitive auction for A123 Systems, a bankrupt maker of batteries for electric cars that was funded partly with U.S. government money, the investment banker for A123 said on Saturday.» Read More
WILMINGTON, Del.-- The failed solar power company Solyndra LLC is asking a Delaware bankruptcy judge to confirm its proposed reorganization plan over objections from government attorneys. Lawyers also addressed and rejected Internal Revenue Service and Department of Energy objections.
WASHINGTON-- Motorists in Delaware region are paying 2 cents less at the pump compared to a week ago. AAA Mid-Atlantic said Sunday in a weekly report that the average price of a gallon of regular gas in Delaware is $3.76. At this time last year Delaware drivers were paying $3.35 per gallon.
WILMINGTON, Del.-- Government attorneys are urging a Delaware bankruptcy judge to reject the proposed reorganization plan of failed solar power company Solyndra LLC. Internal Revenue Service attorneys filed papers this week saying the plan's principal purpose is tax avoidance.
WILMINGTON, Del.-- The plant manager of the Delaware City refinery is not ruling out a future expansion of operations at the facility. PBF Energy, which purchased the shuttered refinery from Valero Corp. in 2010 for $220 million, said earlier this year that it was putting plans for a $1 billion expansion project on hold.
Vice President Joe Biden to deliver a feisty performance Thursday evening during a high-stakes debate against Republican challenger Paul Ryan and seize back momentum in the race for the White House.
DOVER, Del.-- Attorneys for the state medical society and a southern Delaware hospital have settled a class-action lawsuit filed on behalf of victims of former pediatrician Earl Bradley, who sexually abused scores of his young patients over more than a decade.
DOVER, Del.-- The Obama administration's secretary of housing and urban development is visiting Delaware to take part in a conference on affordable housing. HUD Secretary Shaun Donovan will give the keynote speech Thursday at the 2012 Governor's Conference on Housing.
*Blackstone, KKR decline to comment. Oct 10- Top executives at some of the world's largest private equity firms, including KKR& Co LP and Blackstone Group LP, sent emails that allegedly show them plotting to scoop up companies on the cheap during last decade's buyout boom, according to court documents unsealed on Wednesday.
By Tom Hals and Dan Levine. In its court filing on Wednesday, the IRS opposed Solyndra's plan. If approved by creditors, a holding company would emerge from bankruptcy with no employees or business operations- but as much as $350 million in tax breaks that could be used by Solyndra's investors, including Argonaut Ventures.
Oct 10- Fitch Ratings has affirmed Deutsche Bank AG's. The ratings of Deutsche Bank's main subsidiaries have also been affirmed, as were the ratings of all issues. The rating actions on Deutsche Bank have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.
WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.
NEW YORK-- This winter is expected to feel like more winter. But customers will have to use more energy to keep warm, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration. That will result in record heating bills, an average of $2,494.
WASHINGTON-- Four years ago, Joe Biden was careful not to appear overly aggressive in his vice presidential debate with Sarah Palin, then a newcomer to the national stage. Now, as he prepares to debate Paul Ryan, a 14- year House veteran and the top Republican budget writer, Biden is less concerned about looking like a bully.
Oct 9- Standard& Poor's Ratings Services said today that it left its' BB+' issue-level rating and its' 3' recovery rating unchanged on Western Gas Partner L.P.' s existing $520 million 4% notes due 2022 after the partnership announced it proposed to make an add-on of up to $150 million to the issue.
DOVER, Del.-- Social service agencies are teaming up with Delmarva Power to discuss wintertime energy issues affecting low-income residents in the mid-Atlantic region. Chris Coons, Dover Mayor Carleton Carey and Felecia Greer, director of the customer advocate office for Pepco Holdings, Delmarva's parent company.
Oct 8- Laredo Petroleum Holdings Inc:. *Announces the launch of secondary public offering. Laredo Petroleum Holdings, Inc., a Delaware corporation, announced today the commencement of an underwritten secondary public offering of 12,500,000 shares of its common stock by affiliates of Warburg Pincus LLC, the selling stockholders.
Oct 8- Two private equity firms agreed to a $166 million settlement of a lawsuit that accused them of stripping assets from the Mervyn's retail chain and pushing the former unit of Target Corp into bankruptcy, according to court documents.
WASHINGTON, Oct 7- He has been stereotyped as the Obama administration's gaffe-prone sideshow. But Vice President Joe Biden also is a veteran debater who was in the U.S. Senate for a quarter century and is perhaps the Democratic White House's most passionate defender of the working class.
The announcement Friday by Lehman Brothers Inc and Lehman Brothers International Europe comes four years after Lehman, once Wall Street's fourth-largest investment bank, filed for bankruptcy at the height of the 2008 global financial crisis.