City Wilmington, state Delaware Financial News

03.06 / 14:43

UPS President Justice show Department Courts Investigations Trial of a president’s son: Cocaine, a Colt Cobra revolver and an alleged lie

WILMINGTON, Del.—On a Friday evening in October 2018, Hunter Biden rolled up in a black Cadillac to StarQuest Shooters & Survival Supply in the Delaware city where he had been born and raised. A salesman standing in the window didn’t initially recognize him as the son of the state’s longtime Democratic senator, now-President Joe Biden, and would later recall declining a tip from the younger Biden as he purchased a .38-caliber Colt Cobra revolver. There will be no mistaking Hunter Biden on Monday when he appears in federal court for his criminal trial on charges stemming from that 2018 purchase.

08.04 / 23:25

UPS Provident Manufacturing security Microchip reports Biden administration announces $6.6 billion to ensure leading-edge microchips are built in the US

The Biden administration has pledged to provide up to $6.6 billion so that a Taiwanese semiconductor giant can expand the facilities it is already building in Arizona and better ensure that the most-advanced microchips are produced domestically for the...

23.03 / 20:23

UPS Provident security Research Bill country Department Biden signs $1.2 trillion funding package after Senate's early-morning passage ended shutdown threat

spending bills after Congress had passed the long overdue legislation just hours earlier, ending the threat of a partial government shutdown. «This agreement represents a compromise, which means neither side got everything it wanted,» Biden said in a statement. «But it rejects extreme cuts from House Republicans and expands access to child care, invests in cancer research, funds mental health and substance use care, advances American leadership abroad, and provides resources to secure the border.… That's good news for the American people.»

13.03 / 21:01

SEC security Terraform Labs Luna reports Courts Terraform Labs Secures Dentons Representation Despite Objections, U.S. Court Decides

US Judge Brendan Shannon has granted bankrupt crypto company Terraform Labs permission to hire Dentons for its legal representation, according to a report by Reuters.

07.03 / 00:21

markets UPS Provident Research Courts Relationships FTX reaches settlement with BlockFi, may pay up to $874 million

By Dietrich Knauth

06.03 / 16:27

markets Provident Platform Action Instagram social reports Meta attorneys ask judge to dismiss shareholder suit alleging failure to address human trafficking

Attorneys for Meta and founder Mark Zuckerberg are seeking dismissal of shareholder lawsuit alleging the company has deliberately failed to protect users of its social media platforms from human trafficking and child sexual exploitation

05.03 / 15:05

security Tesla awards Schools Courts Analysis-Could the $6 billion legal fee in Musk's Tesla pay case be reasonable?

By Tom Hals

29.02 / 20:25

UPS BLOCK Digital Patrick President social Courts Architect of Trump's social media deal sues to block transaction

By Tom Hals

11.02 / 13:31

UPS security economy Election President War Trump comments on Russia, NATO 'appalling and unhinged' -White House

By Andrea Shalal

20.12 / 18:27

Maxim economy WhatsApp Instagram social exclusive Meta attorneys ask judge to dismiss suit claiming that directors' obligations extend beyond company

Attorneys for Meta and Mark Zuckerberg are asking a Delaware judge to dismiss a shareholder lawsuit asserting that the loyalties of company directors should not lie exclusively with the social media giant

29.11 / 00:37

Provident Platform acquires Creative Planning acquires $535M Delaware RIA

Creative Planning has acquired a Wilmington, Delaware-based registered investment advisory firm that provides integrated financial advisory, tax planning and investment management services to individuals, families and small businesses, the firm announced Tuesday.

25.10 / 09:41

business crimes FTX Bankruptcy FTX navigates post-bankruptcy options, weighs sale or revival

FTX Trading Ltd., formerly a prominent player in the cryptocurrency exchange sector, is carefully considering its future after going through bankruptcy proceedings.

25.10 / 05:39

FTX FTX bankruptcy end FTX Reportedly Considering Bids to Restart Exchange, Decision Expected by Year End

Fallen crypto exchange FTX is currently evaluating proposals from three prospective bidders seeking to restart the crypto trading platform, according to a recent Bloomberg report.

10.10 / 18:03

UPS 2020 settlement Mallinckrodt gets approval for restructuring, $1 billion cut to opioid settlement

By Dietrich Knauth

10.10 / 02:17

UPS Provident Cooper President stage Department Joe Biden interviewed by special counsel in classified documents case

Joe Biden was interviewed as part of an investigation into his handling of classified documents by Special Counsel Robert Hur, the White House counsel's office said on Monday. The Democratic president's interview was voluntary and conducted over two days, concluding on Monday, said Ian Sams, a spokesperson for the White House counsel's office. US Attorney General Merrick Garland in January named Hur as special counsel to look into the improper storage of classified documents at Biden's Wilmington, Delaware, home and at a Washington think tank office set up for Biden after his 2009-2017 vice presidency. Such special counsels are appointed to handle sensitive cases — usually involving political figures or allegations of serious wrongdoing by the government — and have more independence than is usually afforded to federal investigators to decide whether to bring charges. Hur's interviews with Biden suggest the investigation, which has proceeded quietly, may have advanced to its final stages.

03.10 / 14:17

Landmark President Experts stage 2020 Department NOT Hunter Biden due to plead not guilty to gun charges in Delaware court

WILMINGTON, Delaware(Reuters) — President Joe Biden's son Hunter Biden is expected to plead not guilty on Tuesday to lying about his drug use while buying a handgun, in the first-ever criminal prosecution of a sitting U.S. president's child.

15.09 / 04:27

Hunter Biden indicted on federal firearm charges

Hunter Biden was indicted Thursday on federal firearms charges, the latest and weightiest step yet in a long-running investigation into the U.S. president’s son.

23.08 / 17:43

RIG HAL 2020 US election Judge rejects Newsmax bid to narrow Smartmatic lawsuit over 2020 US election

By Tom Hals and Helen Coster

15.08 / 23:49

Provident Action Fighting Entertainment HAL social AMC hit with fresh class-action lawsuit over stock conversion

By Tom Hals

11.08 / 22:31

UPS Provident Action Entertainment RIG HAL settlement AMC Entertainment gets approval for revised investor settlement, preferred stock soars

(Corrects, in second paragraph)

11.08 / 14:55

Provident Yellow negotiations week Trucking firm Yellow extends bankruptcy loan negotiations until next week

NEW YORK (Reuters) — Trucking firm Yellow Corp will extend negotiations on a bankruptcy loan until next week, seeking to explore at least two alternative loan proposals that would provide the company with $142.5 million in new cash, the company's attorney said in court on Friday.

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