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Delaware

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  • The PATCO Speedline between suburban New Jersey and downtown Philadelphia has resumed operations after a storm-related power outage halted service for the morning rush hour. PATCO trains typically run every 3-5 minutes from downtown Philadelphia during rush hour. Service remains suspended on SEPTA's Media/ Elwyn regional rail line and between Radnor...

  • Judge to retire from Delaware's key corporate court Monday, 22 Jun 2015 | 5:13 PM ET

    June 22- One of the most important venues in the United States for corporate disputes, Delaware's Court of Chancery, is losing one of its five judges after Donald Parsons said on Monday he will retire in October. More than half of the U.S. publicly traded companies are chartered in Delaware, and corporate disputes often end up before one of the five judges on the...

  • Katherine Archuleta, director of the Office of Personnel Management, is scheduled to testify Thursday before the Senate's homeland security panel, the Homeland Security& Governmental Affairs Committee said in a statement on Monday. Some lawmakers have called for top OPM officials to resign in the wake of the breach, although the White House last week said...

  • June 18- PBF Energy Inc agreed to pay $322 million to acquire the 189,000- barrel-per-day Chalmette oil refinery in Louisiana and related assets from Exxon Mobil Corp and Venezuela's national oil company, Petroleos de Venezuela SA. The purchase marks PBF's entrance into the U.S. Gulf Coast, where it had lost out on a bid in 2011 for Texas City Refinery, then owned...

  • US STOCKS-Wall St dips as investors edgy ahead of Fed meet Wednesday, 17 Jun 2015 | 12:57 PM ET

    *Fed statement at 2 p.m. ET; Yellen conference at 2:30 p.m.. *Apple weighs on Nasdaq, S&P; UnitedHealth biggest drag on Dow. The Fed statement will be followed by Chair Janet Yellen's news conference half an hour later.

  • *Fed statement at 2 p.m. ET; Yellen conference at 2:30 p.m.. The Fed statement is due at 2:00 p.m. ET, followed by Chair Janet Yellen's news conference half an hour later, with analysts expecting her to focus on signs the economy is recovering after a bumpy start to the year. "The Fed will send out another message which lays down the groundwork for a rate rise in August...

  • WILMINGTON, Del, June 16- Bondholders of gun maker Colt ripped into the bankrupt company's private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment. A bondholder attorney told Judge Laurie Silverstein in Wilmington, Delaware, that Sciens was to blame for Colt's inability to compete.

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its controversial plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by the actual noteholders, which...

  • NEW YORK, June 16- JPMorgan Chase& Co officials including Chief Executive Officer Jamie Dimon do not have to face a shareholder lawsuit claiming they failed to properly investigate the "London Whale" trading scandal that caused $6.2 billion in losses, a federal appeals court ruled on Tuesday. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge...

  • June 16- The Obama administration has approved plans by Arkansas, Delaware and Pennsylvania to create their own state-based health insurance marketplaces instead of relying on a federal website to enroll residents, a government spokesman said on Tuesday. The approvals from the U.S. Department of Health and Human Services come as the Supreme Court is set to...

  • An affiliate of private equity firm Sciens Capital Management has proposed buying Colt Defense by assuming obligations including up to $105 million in outstanding loans and as much as $20 million in new loans, court documents filed on Monday show. That is pretty much what bondholders proposed in May, according to the filings in the U.S. Bankruptcy Court in...

  • WILMINGTON, Del, June 15- The U.S. Supreme Court ruled on Monday that bankruptcy attorneys must bear the expense of defending their fees, which could make it harder for lawyers to get paid for their often-costly Chapter 11 work. Baker Botts was eventually awarded $117 million for its work, which was considered particularly successful because creditors were...

  • Colt Defense files for bankruptcy protection Monday, 15 Jun 2015 | 7:21 AM ET

    Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • WILMINGTON, Del., June 12- A top executive of bankrupt Corinthian Colleges Inc on Friday detailed the for-profit higher education company's executive pay and recent financial dealings, as creditors began the hunt to find money to repay what they are owed. Corinthian Chief Financial Officer Robert Owen spent four hours in a windowless government conference...

  • NEW YORK, June 10- Wall Street's industry-funded watchdog is crafting guidance that would give brokers clarity about delaying transactions made by investors whom they believe may be suffering from dementia or are being influenced by caregivers, its chief said on Wednesday. The issue is a high priority for the Financial Industry Regulatory Authority, said...

  • June 9- Boomerang Tube LLC, a maker of pipes and tubes for oil and natural gas companies, filed for Chapter 11 bankruptcy protection on Tuesday, becoming the latest victim of the slide in oil prices. St. Louis, Missouri- based Boomerang Tube, which was bought by Access Tubulars LLC in 2008, said it had total assets of about $299 million and total liabilities of about...

  • WASHINGTON, June 8- The U.S. Department of Education said on Monday it was moving to forgive much of the federal student debt of some of the 78,000 students who had attended the now-bankrupt Corinthian Colleges. Santa Ana, California- based Corinthian, which had operated the Heald College, Everest and WyoTech schools and offered degrees in healthcare and trades,...

  • Big brands line up to crash the summer festivals Friday, 5 Jun 2015 | 2:37 PM ET
    Attendees at the Governor's Ball music festival, Randall Island, N.Y.

    To reach today's youth, brands such as PayPal and Stubhub are creating physical experiences at concerts to get in front of new consumers.