Wilmington Newswire

Wilmington Newswire

Comprehensive Real-Time News Feed for Wilmington, DE.

Results 1 - 20 of 22 for "u:washpost.bloomberg.com" in Wilmington, DE

  1. Molycorp Files for Bankruptcy After Rare-Earth Prices PlungeRead the original story

    Thursday Jun 25 | The Washington Post

    The company's plight mirrors the dramatic rise and fall of the rare-earth market over the past five years. Prices for the group of 17 metals -- including neodymium, lanthanum and cerium -- soared dramatically in 2011 after exports were curbed by China, the world's largest supplier.

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  2. Barclays Names Hess as Interim CEO of U.S. Payments BusinessRead the original story

    Wednesday Jun 24 | The Washington Post

    Hess will report to Amer Sajed, interim CEO of Barclaycard, Wilmington, Delaware-based Barclaycard U.S. said Wednesday in a statement.

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  3. Energy Future Creditors Said to Join With Hunt for Oncor BidRead the original story

    Sunday Jun 14 | The Washington Post

    Hunt Consolidated Inc. is teaming up with a group of lower-ranking creditors of bankrupt Energy Future Holdings Corp. to offer almost $19 billion for its profitable power-line unit, a person involved in the bid said. The proposal may threaten efforts by NextEra Energy Inc. to buy the unit, Oncor Electric Delivery Co., because it requires the auction for that asset to be canceled, according to the person.

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  4. InterDigital Taps Into Buyback Buzz, Climbs Most in Four MonthsRead the original story

    Friday Jun 12 | The Washington Post

    InterDigital Inc. headed for its biggest gain since October after the U.S. wireless technology company boosted the size of its stock repurchase program by $100 million. InterDigital on Thursday said it will increase its total buyback authorization to $400 million, joining a wave of U.S. companies that are repurchasing shares at record levels this year.

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  5. DuPont Directors Endorsed Over Trian by Adviser Proxy MosaicRead the original story

    Apr 23, 2015 | The Washington Post

    In the first of four expected opinions from advisory firms to institutional investors, Proxy Mosaic recommended shareholders support the Wilmington, Delaware-based company's incumbent directors. "DuPont's board is one of the few areas of the company that isn't broken, and it is unclear how the rest of the dissident's underwhelming candidates will add any value," the New York-based advisory firm said in a report Thursday.

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  6. Energy Future Creditors Seek $431 Million Bankruptcy PaymentRead the original story

    Apr 20, 2015 | The Washington Post

    BlueMountain Capital Management LLC, Cyrus Capital Partners LP and Halcyon Asset Management LLC asked a federal judge Monday to let them try to overturn Energy Future's decision to refinance almost $3 billion in first-lien notes without paying them a "make-whole" premium. The hedge funds and other noteholders claim they should get the money to compensate them for lost interest.

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  7. DuPont Says Trian's Breakup Plan to Cost at Least $4 BillionRead the original story

    Apr 6, 2015 | The Washington Post

    Upfront breakup expenses include taxes, separation costs as well as refinancing and reissuing debt, Wilmington, Delaware- based DuPont said in a presentation filed with regulators Monday. Creating a second set of corporate functions and reduced tax efficiency would cost an additional $1 billion a year, DuPont said.

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  8. Ford Raises Fields's Pay 82% as Mulally Makes $22 MillionRead the original story

    Mar 27, 2015 | The Washington Post

    Fields, 54, who was promoted to CEO July 1, got $1.66 million in salary, $3.19 million in bonus and $13.7 million in other compensation, Dearborn, Michigan-based Ford said Friday in a regulatory filing. His total in 2013, when he was chief operating officer, was $10.2 million.

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  9. Ford Raises Fields's Pay 82% as Mulally Makes $22 MillionRead the original story

    Mar 27, 2015 | The Washington Post

    Fields, 54, who was promoted to CEO July 1, got $1.66 million in salary, $3.19 million in bonus and $13.7 million in other compensation, Dearborn, Michigan-based Ford said Friday in a regulatory filing. His total in 2013, when he was chief operating officer, was $10.2 million.

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  10. DuPont Investor Trian Now Wants Two Seats And Two of SpinoffRead the original story

    Mar 12, 2015 | The Washington Post

    As part of the revised offer, the activist investor also wants two seats on the board of Chemours, the business that chemical maker DuPont plans to spin off later this year. Trian Chief Executive Officer Nelson Peltz said Thursday he needs to be one of the two directors appointed to the DuPont board, a condition that ended earlier talks.

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  11. DuPont Investor Trian Now Wants Two Seats And Two at SpinoffRead the original story

    Mar 12, 2015 | The Washington Post

    As part of the revised offer, the activist investor also wants two seats on the board of Chemours, the business that chemical maker DuPont plans to spin off later this year. Chief Executive Officer Nelson Peltz said Thursday he needs to be one of the two directors appointed to the DuPont board, a condition that ended earlier talks.

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  12. InterDigital Loses Appeal in ITC Case Against ZTE, MicrosoftRead the original story

    Feb 18, 2015 | The Washington Post

    Four InterDigital patents weren't infringed and a fifth is invalid, the U.S. Court of Appeals for the Federal Circuit said in an opinion posted on its website. The court upheld a decision by the U.S. International Trade Commission, which rejected InterDigital's bid to block phones made by ZTE and Microsoft.

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  13. InterDigital Loses Appeal in ITC Case Against ZTE, MicrosoftRead the original story

    Feb 18, 2015 | The Washington Post

    Four InterDigital patents weren't infringed and a fifth is invalid, the U.S. Court of Appeals for the Federal Circuit said in an opinion posted on its website. The court upheld a decision by the U.S. International Trade Commission, which rejected InterDigital's bid to block phones made by ZTE and Microsoft.

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  14. DuPont Investor Trian Ends Insistence on Breaking Up CompanyRead the original story

    Feb 11, 2015 | The Washington Post

    "While Trian advocates a separation as a means to improving performance, Trian nominees are open-minded to keeping the portfolio together if performance can be improved," the New York-based fund said Wednesday in a 78-page slide presentation outlining its revised strategy for DuPont. Trian, co-founded by Nelson Peltz, is running four nominees for DuPont's board in a proxy battle begun last month.

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  15. DuPont Investor Trian Ends Insistence on Breaking Up CompanyRead the original story

    Feb 11, 2015 | The Washington Post

    "While Trian advocates a separation as a means to improving performance, Trian nominees are open-minded to keeping the portfolio together if performance can be improved," the New York-based fund said Wednesday in a 78-page slide presentation outlining its revised strategy for DuPont. Trian, co-founded by Nelson Peltz, is running four nominees for DuPont's board in a proxy battle begun last month.

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  16. Stay-at-Home Small-Caps in Vogue as Dollar Roils MultinationalsRead the original story

    Jan 27, 2015 | The Washington Post

    Small-cap equities are having the best start to a year since 2012 relative to their more internationally diverse counterparts, and investors are taking notice. The iShares Russell 2000 exchange-traded fund tracking the index of smaller, less globally exposed stocks absorbed more than $1 billion in just four days of trading last week, while money flowed out of funds for large-cap companies.

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  17. Ex-Bankers Take 10 Months to Do What LendingClub Did in 5 YearsRead the original story

    Jan 27, 2015 | The Washington Post

    It took LendingClub Corp. five years to arrange $200 million of consumer loans in a quarter. A group of former Barclays Plc bankers just reached the milestone in 10 months.

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  18. DuPont Blames Dollar for Profit-Target Miss as Trian Vote NearsRead the original story

    Jan 27, 2015 | The Washington Post

    DuPont Co., the chemical maker fighting Trian Fund Management's slate of dissident directors, blamed a stronger U.S. dollar for a 2015 earnings forecast that trails its long-term goal as well as analysts' estimates. Operating earnings will rise to as much as $4.20 a share, a 4.7 percent gain from last year, DuPont said in a statement Tuesday.

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  19. China's Suntech Power U.S. Unit Seeks Bankruptcy ProtectionRead the original story

    Jan 12, 2015 | The Washington Post

    San Francisco-based Suntech America Inc., an affiliate of Wuxi, China-based Suntech Power, today listed more than $100 million each in assets and debt in Chapter 11 filings in U.S. Bankruptcy Court in Wilmington, Delaware. Suntech Power, following creditor demands, filed for Chapter 15 bankruptcy protection last February in Manhattan.

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  20. DuPont Activist Investor Trian Starts Fight for Board SeatsRead the original story

    Jan 9, 2015 | The Washington Post

    Trian nominated its co-founder and Chief Executive Officer Nelson Peltz as a DuPont director, the New York-based investment firm said yesterday in a statement. Also nominated are John H. Myers, a former CEO of GE Asset Management Inc.; Arthur B. Winkleblack, former chief financial officer at H.J. Heinz Co.; and Robert J. Zatta, acting CEO at chemicals maker Rockwood Holdings Inc. The firm has said DuPont, the maker of everything from genetically modified seeds to solar-panel materials, has $4 billion of excess corporate costs and should be broken up to unlock shareholder value.

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