×

Top News & Analysis Delaware

  • Sept 18- Shares of Mattel Inc and Hasbro Inc, the two largest U.S. toy makers, fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy protection before the holiday sales season. Reorg Research, which provides news and analysis on the distressed debt market, said on its website that a bankruptcy filing could be made in...

  • Sept 18- Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy protection before the holiday sales season. Reorg Research said a bankruptcy filing could be made in Virginia as soon as Monday. "If there is any kind of bankruptcy filing, it will have a major disruption for...

  • BRIDGETOWN, Barbados, Sept 18- A rapidly strengthening Hurricane Maria barreled towards the eastern Caribbean islands with 125 mile-per-hour winds on Monday, threatening the region with its second major storm this month. Officials from French-controlled Martinique to the U.S. Virgin Islands warned residents to prepare for the storm, now ranked by U.S....

  • Sept 18- Shares of U.S. toy companies Mattel Inc and Hasbro Inc fell on Monday on concerns that retailer Toys "R" Us, a major customer, could be filing for bankruptcy before the holiday sales season. "If there is any kind of bankruptcy filing, it will have a major disruption for all of the toy suppliers," said Lutz Muller, chief executive officer of toy retail consultancy...

  • BRIDGETOWN, Barbados, Sept 18- A string of eastern Caribbean islands faced their second major storm of the month on Monday as Hurricane Maria barreled toward them with 120 mile-per-hour winds, heavy rains and dangerous storm surges. Officials on islands from French-controlled Martinique to the U.S. Virgin Islands warned residents to prepare for the storm,...

  • BRIDGETOWN, Barbados, Sept 18- Hurricane Maria picked up strength and roared towards the Leeward Islands on Monday on a track that could whip several eastern Caribbean islands with their second major storm this month. It was located about 60 miles east of Martinique, the U.S. National Hurricane Center said at 11 a.m. ET. It was headed west-northwest at about 10 mph...

  • Maria, a Category 2 storm on the five-step Saffir-Simpson scale, had maximum sustained winds of 110 miles per hour and was located about 85 miles east of Martinique, the U.S. National Hurricane Center said in an 8 a.m. ET advisory. Hurricane warnings were in place for Dominica, St. Kitts, Nevis and Montserrat, St. Lucia and the French overseas departments of Guadeloupe...

  • Sept 18- A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying Maria would strengthen rapidly into a major hurricane as it ripped into the Leeward Islands on Monday night. Hurricane conditions were expected for Guadalupe, Dominica, Martinique and St. Kitts, Nevis and Montserrat, and the...

  • Sept 17- A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands on Sunday, with forecasters saying Maria would strengthen rapidly into a major hurricane in the next two days and rip into the Leeward Islands on Monday night. Hurricane conditions were expected for Guadalupe, Dominica, Martinique and St. Kitts, Nevis and...

  • Sept 17- A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying that Maria had strengthened into a hurricane on Sunday and would intensify before hitting the Leeward Islands on Monday night. Hurricane conditions were expected for Guadeloupe, Dominica, Martinique and St. Kitts, Nevis and...

  • Sept 17- A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands, with forecasters saying that Maria had strengthened into a hurricane on Sunday and would intensify before hitting the Leeward Islands on Monday night. Maria was about 275 miles east-southeast of the Leeward island of Dominica with maximum sustained...

  • Sept 17- A second powerful storm in as many weeks was bearing down on a string of battered Caribbean islands on Sunday, with forecasters saying that Maria had strengthened into a hurricane and would intensify before hitting the Leeward Islands on Monday night. Maria was about 275 miles east-southeast of the Leeward island of Dominica with maximum sustained...

  • WILMINGTON, Del.— Attorneys for CBS Corp. and former Executive Chairman Sumner Redstone are asking a Delaware judge to dismiss a shareholder lawsuit challenging payments of more than $10 million to the 94- year-old media mogul while he was allegedly incapacitated and unable to perform his duties. The lawsuit accuses CBS directors of acting in bad faith and...

  • Sept 15- Women's shoe chain Aerosoles Group filed for Chapter 11 bankruptcy protection on Friday with a plan to close most of its stores and focus on its wholesale, e-commerce and international businesses, becoming the latest casualty in the struggling U.S. retail sector. Edison, New Jersey- based Aerosoles said it would close 95 percent of its 78 stores while...

  • DOVER, Del.— An Arizona-based pharmaceutical company targeted in lawsuits and criminal investigations over its marketing of a highly addictive painkiller has filed a related patent-infringement lawsuit against a rival drug maker. Insys Therapeutics filed the complaint against Teva Pharmaceuticals on Wednesday in federal court in Delaware.

  • WILMINGTON, Del., Sept 13- Retired members of the Teamsters union in New York will have their benefits cut by around 30 percent starting in October after the 34,000 participants in the pension approved a plan aimed at extending the life of the cash-strapped fund. Monthly pensions for retired teamsters from nine New York local unions who have 30 years' service will...

  • Representatives of the governors of New York, Pennsylvania and Delaware, all Democrats, voted for the measure. Chris Christie abstained and a U.S. Army Corps of Engineers officer, representing the administration of GOP President Donald Trump, voted "no," drawing lusty boos from a strongly anti-fracking crowd attending the meeting outside Philadelphia.

  • WILMINGTON, Del., Sept 11- For the first time in 15 years Delaware's court system has lost the top spot in a key business survey, ceding its place to South Dakota, according to a Monday poll conducted by an arm of the U.S. Chamber of Commerce. Delaware has held the number one spot since 2002, when the U.S. Chamber of Commerce's Institute for Legal Reform began polling...

  • WILMINGTON, Del., Sept 11- A Delaware court ruled in favor of truck stop operator TravelCenters of America LLC on Monday in its lawsuit against the Comdata unit of FleetCor Technologies Inc over merchant fees it paid to the fuel card provider. TravelCenters, which operates more than 200 truck stops, sued Comdata Inc in November, alleging the company improperly...

  • The Delaware River Basin Commission said it will vote on a horizontal drilling and fracking measure at its meeting outside Philadelphia on Wednesday, the first step in a lengthy process to ban the technique that has enabled a U.S. production boom in shale gas and oil. The Associated Press reported last week that DRBC, a regulatory body that has representatives...