Freedom Communications granted motions to help continue operations in Chapter 11 proceedingsWILMINGTON, Del. — A federal bankruptcy judge has approved preliminary motions that will help the publisher of The Orange County Register in California operate during Chapter 11 proceedings. Greif declares regular dividend of 38 cents per Class A shareDELAWARE, Ohio — Industrial packaging company Greif Inc. said Tuesday that its board declared a regular quarter dividend of 38 cents per Class A share and 57 cents per Class B share. Orange County Register publisher Freedom files for Chapter 11, agrees with lenders on reorg.SAN FRANCISCO — The owner of the Orange County Register in California and dozens of other newspapers became the latest publisher Tuesday to seek bankruptcy protection, driven into financial despair by a staggering drop in advertising revenue. Orange Country Register publisher Freedom Communications files for Chapter 11WILMINGTON, Del. — The owner of the Orange County Register in California and dozens of other newspapers became the latest publisher Tuesday to seek bankruptcy protection, hurt by a jarring drop in advertising revenue. Federal appeals court says Delaware sports betting must be limited to parlay bets on NFL gamesDOVER, Del. — A federal appeals court on Monday dealt another body blow to Delaware’s plans for a new sports betting lottery, saying it must be limited to parlay bets on professional football games. Analyst upgrades Wilmington Trust, cites improving credit, unlikely need to raise capitalBOSTON — Shares of Wilmington Trust Corp. rose Thursday after an upgrade by a SunTrust Robinson Humphrey analyst, who said the regional bank is seeing credit trends improve and is unlikely to make a near-term stock offering to raise capital. Magna bankruptcy judge approves motions regarding property salesWILMINGTON, Del. — Horse-track owner Magna Entertainment Corp. is moving ahead with the property sales process as part of its bankruptcy reorganization. The Bancorp says underwriters bought another 1.5 million shares, total offering raised $66.1MWILMINGTON, Del. — The Bancorp Inc. said on Tuesday that the underwriters of its Aug. 19 offering of 10 million shares have exercised their right to buy another 1.5 million shares. Delaware gov. looks at ways to preserve sports betting plan after court rules it violates lawPHILADELPHIA — Delaware’s governor is looking at ways his state can preserve its plan to balance the books by offering sports wagering now that a court has ruled its proposal violates a 1992 federal ban on such bets. Appeals court rules Delaware’s plan to offer sports betting would violate federal banPHILADELPHIA — A federal appeals court ruled Monday that sports betting in Delaware would violate a 1992 federal ban on such wagering, essentially halting the state’s plans to start taking bets next month. Leagues to ask federal appeals court for injunction to halt Del. sports bettingPHILADELPHIA — A federal appeals court in Philadelphia will decide whether sports betting in Delaware should be put on hold until a legal challenge by professional sports leagues and the NCAA is decided. On the verge of becoming an oil giant, some fear Brazil’s alt. energy advances will falterRIO DE JANEIRO — Brazil, long proud of its push to develop renewable energy and wean itself off oil, has a bad case of fossil-fuel fever. Six Flags to swap debt for equity as part of Ch. 11 restructuring; execs to get bonusesWILMINGTON, Del. — A plan filed Friday calls for Six Flags creditors to own a majority stake in the amusement-park company when it emerges from Chapter 11 bankruptcy protection. Brazil president urges Obama to explain Colombian bases plan to South AmericansRIO DE JANEIRO — Brazil’s leader is urging President Barack Obama to meet with South American nations and discuss the growing U.S. military presence in Colombia. You’ve got mail _ and possibly an STD: Brazil creates e-cards to inform partners of infectionRIO DE JANEIRO — You’ve got mail — and possibly an STD. Royal KPN extends tender offer for remaining stake in iBasis until Oct. 23WILMINGTON, Del. — Dutch telecom company Royal KPN NV said Friday that it has extended its tender offer to acquire all the outstanding shares of iBasis Inc. that it doesn’t already own. Brazilian prosecutor accuses Italian priest who ran kids’ shelter of sexually abusing boysRIO DE JANEIRO — An Italian priest who ran an award-winning shelter for homeless children in Brazil has been charged with sexually abusing boys for years and allowing visiting foreigners to exploit the children, prosecutors said Wednesday. Chase introduces new Chase Sapphire credit card for top-earning customersWILMINGTON, Del. — Chase Card Services, a unit of JPMorgan Chase & Co., said Wednesday it will now offer a rewards card designed for wealthy customers. Daughter of ousted Chilean leader Allende asks Brazil to open archives about Chile’s 1973 coupRIO DE JANEIRO — The daughter of overthrown Chilean President Salvador Allende requested via Twitter on Tuesday that Brazil open any secret archives that could shed light on any role it played in the 1973 coup that killed her father. Magna creditors seek to pursue claims against Stronach, other company leadersWILMINGTON, Del. — A Delaware bankruptcy judge says creditors of horse-track owner Magna Entertainment Corp. can pursue claims against the company’s parent and its chairman. Bankruptcy judge to rule whether Visteon can cut health, life insurance benefits for thousandsWILMINGTON, Del. — A Delaware bankruptcy judge is weighing whether auto parts supplier Visteon Corp. can terminate retiree health care and life insurance benefits for thousands of current and former workers. The Bancorp expects gross proceeds of $57.5 million from stock saleWILMINGTON, Del. — The Bancorp Inc. said Thursday night it is offering 10 million common shares and expects gross proceeds of about $57.5 million. DuPont consolidates 23 businesses into 14, reorganizes executive leadershipWILMINGTON, Del. — DuPont said Thursday its finance chief will move to a new role and its chief operating officer will retire as the chemical maker consolidates 23 businesses into 14, in a bid to streamline its business. Pharmacy groups will consider whether to proceed with lawsuit against DelawareWILMINGTON, Del. — Two trade groups challenging a reduction in Medicaid reimbursements to Delaware pharmacies are weighing their options. Bankruptcy judge gives newspaper union access to Tribune bonus informationWILMINGTON, Del. — A federal bankruptcy judge in Delaware says a union representing newspaper workers can see details about the Tribune Co.’s proposal to give bonuses totaling up to $70 million to the company’s top managers. Pro sports leagues ask court to quickly rule on appeal of Del. plan to allow sports bettingDOVER, Del. —Attorneys for professional sports leagues and the NCAA asked a federal appeals court Monday to decide quickly whether Delaware’s plan to allow betting on games should be halted before a trial can be held. NCAA bans championship tournaments in states that allow betting on single gamesThe NCAA approved a policy Thursday that would ban states, such as Delaware, from hosting championship events if they allow fans to bet on single games. Judge denies request for preliminary injunction against Delaware sports betting lotteryWILMINGTON, Del. — A federal judge on Wednesday denied a request by professional sports leagues and the NCAA to halt Delaware’s planned sports betting lottery until a legal challenge is resolved. Brazilian environmentalists: If you’ve got to go, go green _ by going in the showerRIO DE JANEIRO — New TV ads are encouraging Brazilians to save water — by urinating in the shower. NCAA, other leagues say Delaware officials are trying to delay ruling on sports bettingDOVER, Del. — Delaware officials are trying to delay a decision that might stop a sports betting lottery from kicking off in September, an attorney said in court papers Monday. |
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