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Top News & Analysis Delaware

  • BOSTON, Oct 23- Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of UGG boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which...

  • BOSTON, Oct 23- Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of UGG boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which...

  • BOSTON, Oct 23- Marcato Capital Management sued Deckers Outdoor Corp on Monday to force the maker of Ugg boots to hold its annual meeting and classify the hedge fund's board nominees so the company could avoid millions of dollars in financial penalties. The lawsuit filed in Delaware Chancery Court heightens tensions between Deckers and the hedge fund, which...

  • WASHINGTON— President Donald Trump's boast that he surpasses his predecessors in consoling families of the fallen proved empty this past week as many stepped forward to say they'd never heard from him after losing their loved ones in military service. —interview with Fox News radio, Tuesday. "President Barack Obama might have done so on occasion but" other...

  • WILMINGTON, Del., Oct 20- A U.S. appeals court in New York on Friday ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials, reversing a decision that had sparked alarm among lenders. The ruling by the 2nd U.S. Circuit Court of Appeals found the U.S. Bankruptcy Court...

  • ZUG, Switzerland/ NEW YORK, Oct 18- Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parceled out to buyers. The acrimonious dispute pits Tezos' two young founders Arthur and Kathleen Breitman against Johann Gevers, the president of a Swiss foundation the...

  • SACRAMENTO, Calif.— Top government lawyers representing 19 U.S. states on Wednesday asked a federal judge in California to force the administration of President Donald Trump to make health care subsidy payments that Trump abruptly cut off last week. The states, led by California Attorney General Xavier Becerra, asked a judge in San Francisco for an emergency...

  • ZUG, Switzerland/ NEW YORK, Oct 18- Just three months ago, a tech project called Tezos raised $232 million online in a wildly successful "initial coin offering," in which new digital currency is parceled out to buyers. The acrimonious dispute pits Tezos' two young founders Arthur and Kathleen Breitman against Johann Gevers, the president of a Swiss foundation the...

  • NEWARK, Del. _ SLM Corp. on Wednesday reported third-quarter profit of $76.4 million. The average estimate of four analysts surveyed by Zacks Investment Research was also for earnings of 17 cents per share. Three analysts surveyed by Zacks expected $283 million.

  • Apples are displayed at a Whole Foods store in New York City, August 28, 2017.

    Shoppers prefer to buy in stores even when online ordering is an option, a Reuters poll found.

  • LOS ANGELES/ NEW YORK, Oct 18- Most U.S. shoppers are fiercely loyal to local food stores, calling them better than online options, according to a new Reuters/Ipsos poll that raises questions about how much Amazon.com' s $13.7 billion purchase of Whole Foods will shake up the supermarket business. She shops at BJ's Wholesale Club, ShopRite and Food Lion, even though...

  • WILMINGTON, Del. _ Navient Corp. on Tuesday reported third-quarter earnings of $176 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. Navient shares have declined 26 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed 14 percent.

  • Oct 16- Sears Holdings Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent. The decision by Berkowitz, the head of investor fund Fairholme...

  • Oct 16- Sears Holding Corp on Monday said that Bruce Berkowitz, head of the company's second-biggest investor, resigned from the board of directors less than two years after he sought a seat to help turn the struggling department store chain around, sending Sears stock down as much as 15 percent. The decision by Berkowitz, the head of investor fund Fairholme...

  • WASHINGTON/ SAN FRANCISCO, Oct 13- Eighteen U.S. states sued President Donald Trump's administration on Friday to stop him from scrapping a key component of Obamacare, subsidies to insurers that help millions of low-income people pay medical expenses, even as Trump invited Democratic leaders to negotiate a deal. The subsidies cost $7 billion this year and were...

  • WILMINGTON, Del.— Delaware officials asked a judge Friday to dismiss a lawsuit filed on behalf of two Belgian scientists who claim the state improperly used its abandoned property laws to seize their shares in a pharmaceutical firm, cheating them out of $12 million when it was acquired by drug giant Merck& Co. in 2014.. Steven Rosenthal, a lawyer representing...

  • WASHINGTON/ SAN FRANCISCO, Oct 13- Eighteen U.S. states vowed to sue President Donald Trump's administration on Friday to stop him from scrapping a key component of Obamacare, subsidies to insurers that help millions of low-income people pay medical expenses, even as Trump invited Democratic leaders to negotiate a deal. The subsidies cost $7 billion this year...

  • ATLANTIC CITY, N.J.— Online poker fans in New Jersey will soon be able to play against people in Nevada and Delaware, expanding a growing portion of the state's gambling industry. Players in Nevada and Delaware have been able to play against each other since 2015, but New Jersey is now set to join once regulators in the states approve an operator and game software,...

  • SAN FRANCISCO, Oct 12- Magic Leap, a highly funded and secretive startup that has promised breakthrough augmented reality technology, is seeking to raise up to $1 billion in fresh funding from investors, according to a new corporate filing. Florida- based Magic Leap has authorized the sale of more than 37 million shares at $27 each in an effort to raise about $1...

  • DOVER, Del.— Federal prosecutors say a former employee of a chemical company that spun off from the DuPont Co. in 2015 has been charged with conspiring to steal trade secrets and sell them to Chinese investors. An indictment unsealed this week accuses Chemours Co. ex-worker Jerry Jindong Xu of trying to steal information about sodium cyanide, a chemical used in...