Wilmington :: NC :: USA
| updated Fri Nov 20 14:24:15 -0800 2009
| political-news
The Catholic Diocese of Wilmington is obligated to pay retirement benefits to six priests who are confirmed pedophiles, church officials argued in a bankruptcy court filing Thursday seeking permission to keep making the payments. After filing for bankruptcy last month,...
Wilmington :: NC :: USA
| updated Sat Nov 21 00:47:23 -0800 2009
| business-news
Valero Energy Corp. said Friday it will permanently shut down its Delaware City, Del., refinery, which had been losing $1 million a day this year. It is the biggest refinery shutdown in the country this year...San Antonio-based Valero, the nation's...
Wilmington :: NC :: USA
| updated Tue Oct 13 05:10:42 -0700 2009
| business-news
Chicago Cubs ' trip through bankruptcy court should be as quick as a 1-2-3 inning. The team, as anticipated, filed its Chapter 11 papers Monday as part of Tribune Co. 's plan to transfer control of the ballclub to the...
Wilmington :: NC :: USA
| updated Thu Oct 08 19:45:00 -0700 2009
| business-news
A Delaware bankruptcy judge approved the sale of the Sun-Times Media Group Inc. to a group of investors led by Chicago financier Jim Tyree, breathing new life into a company that entered bankruptcy six months ago...Bankruptcy Judge Christopher Sontchi gave...
Del. Some bondholders of Tribune Company are being granted access to legal documents to investigate the debt-laden sale of the media company in 2007 to the real estate investor Sam Zell . Tribune and a committee of unsecured creditors,...
Wilmington :: NC :: USA
| updated Wed Oct 07 00:47:13 -0700 2009
| political-news
Rep. Mike Castle (R-Del.) announced Tuesday that he’s running for Vice President Joe Biden’s former Senate seat in Delaware, instantly giving Republicans an opportunity to pick up a seat that’s been in Democratic control for decades. Castle’s decision sets up...
Wilmington :: NC :: USA
| updated Wed Oct 14 16:26:08 -0700 2009
| business-news
Two New York investors are suing the Securities and Exchange Commission for negligence for not catching Bernard Madoff 's $65 billion fraud scheme earlier. Phyllis Molchatsky, who lost $1.7 million of her retirement savings, and Steven Schneider, who lost $750,000,...
Wilmington :: NC :: USA
| updated Fri Oct 09 05:12:44 -0700 2009
| business-news
Louis-based seed and chemical company for information pertaining to charges that it has engaged in anticompetitive behavior or may have violated antitrust laws. Pioneer Hi-Bred of Johnston and its parent company DuPont sued Monsanto last summer charging Monsanto with using...
Wilmington :: NC :: USA
| updated Fri Nov 06 15:12:36 -0800 2009
| political-news
President Barack Obama Friday prepared to sign legislation to help boost the sagging U.S. economy and to visit some of the country's wounded soldiers. The White House said Obama was to sign the Worker, Homeownership, and Business Assistance Act of...
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