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☆ Alaska, Delaware, and West Virginia are the only states that still don't have a single billionaire resident
▼ + stars: | 2024-05-03 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Alaska, Delaware, and West Virginia aren't home to any billionaires, Forbes reported. AdvertisementAlaska, Delaware, and West Virginia are the only states that still don't have a single billionaire resident, according to a new report by Forbes. Forbes estimates that the West Virginia resident, who's also the president of Marshall University, was worth about $900 million as of March. AdvertisementTo be clear, Alaska, Delaware, and West Virginia are among the least-populated states in the US. According to Census Bureau estimates for 2023, Alaska was the fourth-smallest state or district in the US by population, Delaware was seventh-smallest, and West Virginia was 13th-smallest.

Persons: Forbes, —, Elon Musk, Mark Zuckerberg, Michael Bloomberg, Brad Smith —, who's, Elizabeth Snyder, Jonathan Rubini, Leonard Hyde, Hyde Organizations: Service, Forbes, New, Henley & Partners, Microsoft, Marshall University, Properties, Wall, Henley, Partners Locations: Alaska, Delaware, West Virginia, California, Alaska , Delaware, Texas, New York, Tex, Florida, . California, Austin, Scottsdale , Arizona, Palm Beach , Florida

☆ Here's why FEMA has spent about $4 billion to help destroy flood-prone homes
▼ + stars: | 2024-04-22 | by ( Lindsey Jacobson | In | ) www.cnbc.com time to read: +5 min

'I have no regrets'Andrea Jones accepted a floodplain buyout for her home in the Charlotte, North Carolina, area. CNBCAndrea Jones, 59, sold her home in the Charlotte, North Carolina, area in a floodplain buyout. On average, federal buyouts can take two to five years, though 80% of the FEMA acquisitions are approved in less than two years. Jones' buyout was delayed by the pandemic, but once she started the process up again in May 2022, things moved quickly. In addition to FEMA, the U.S. Department of Housing and Urban Development and many state and local communities fund floodplain buyouts.

Persons: Siders, Andrea Jones, CNBC Andrea Jones, Jones, Andrea Jones Jones, they're, Mathew Sanders, Sanders Organizations: Federal Emergency Management Agency, FEMA, University of Delaware's, Program, CNBC, Finance, Charitable, Congressional Research Service, U.S . Department of Housing, Urban Development Locations: Charlotte , North Carolina

☆ Biden says Trump 'doesn't deserve to be the Commander-in-Chief for my son'
▼ + stars: | 2024-04-17 | by ( Dan Mangan | ) www.cnbc.com time to read: +2 min

President Joe Biden on Wednesday choked up as he blasted Donald Trump, saying the presumptive Republican presidential nominee "doesn't deserve to be the Commander-in-Chief for my son." "They asked him to go visit American grave sites. Because they were all suckers and losers," Biden said, citing the reports about Trump's rationale. That man doesn't deserve," Biden said, pausing for several seconds as he choked up before adding, "to be the Commander-in-Chief for my son." Beau Biden died in 2015, when his father was vice president in the administration of former President Barack Obama.

Persons: Joe Biden, Donald Trump, doesn't, Beau Biden —, Trump, Biden, Beau Biden, General's, Barack Obama, Trump's, John Kelly, Jeffrey Goldberg, Goldberg Organizations: Wednesday, Delaware Army National Guard, Democrat, United Steelworkers, General's Corp, National Guard, Guard, White House, CNN, U.S . Locations: Pittsburgh, Paris, Iraq, Aisne

☆ Dali container removal will take weeks, a key to Port of Baltimore reopening
▼ + stars: | 2024-04-08 | by ( Lori Ann Larocco | ) www.cnbc.com time to read: +4 min

A Key Bridge Response 2024 Unified Command image of response crews remove shipping containers using a floating crane barge after the cargo ship Dali struck and collapsed the Francis Scott Key Bridge, on April 7, 2024 in Baltimore, Maryland. CSX was the first rail to start a rail service for diverted containers resulting from the accident and closure of the Port of Baltimore. Once the Dali is refloated and no longer listing, tugs will move the vessel to the CSX terminal at the Port of Baltimore. "Once you see plans of moving the Dali away from the port, that's when you know the channel is ready to be open," Roth said. The size of vessels the Coast Guard is allowing is 96 feet in length, compared to the 984-foot-long Dali, the vessel that struck the Francis Scott Key Bridge after losing navigational control and destroyed the key piece of infrastructure.

Persons: Dali, Francis Scott Key, JIC, Aaron Roth, Roth Organizations: Bethlehem Steel, Unified Command, Synergy Marine, U.S . Coast Guard, U.S . Army Corps of Engineers, Maryland Department of, Environment, Maryland Transportation Authority, Maryland State Police, Center, CNBC, Port, CSX, Coast Guard, Chertoff Group, Guard, Francis Scott Key Bridge, Department of Defense, Dover Air Force Base Locations: Baltimore , Maryland, Baltimore Harbor, Baltimore, Port of Baltimore

☆ Trump to be deposed in dispute with media company co-founders
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +2 min

Republican presidential candidate Donald Trump is scheduled to be deposed later this month by lawyers for co-founders of his social media company as part of a dispute over ownership in Trump Media & Technology Group which went public last week. They said in 2021 they were pledged 8.6% of pre-merger Trump Media stock for helping to launch the company. Trump Media sued Litinsky and Moss in Florida on March 24, and is seeking to strip them of their stock, which it said they failed to earn due to mismanagement. Trump owned 90% of the social media company prior to its merger last month with a blank check firm that took the company public. In midday trade on Thursday, Trump Media was down 4.2% at $46.70, valuing the company at more than $6 billion.

Persons: Donald Trump, Christopher Clark, Andy Litinsky, Wes Moss, Litinsky, Sam Glasscock, Trump Organizations: Trump Media & Technology Group, Delaware's, Chancery, Trump Media, Trump, United Atlantic Ventures Locations: New York, Moss, Florida, Delaware, Washington, Georgia

☆ Airlines Avelo and Breeze, three years after their pandemic debut, prepare for a profitable year
▼ + stars: | 2024-03-02 | by ( Ryan Anastasio | ) www.cnbc.com time to read: +6 min

The inaugural flight of an Avelo Airlines Boeing 737-800 takes off from Hollywood Burbank Airport to Charles M. Schulz-Sonoma County Airport in Santa Rosa on April 28, 2021. "When you have Goliaths, and you're just David, it's really hard," said Avelo Airlines CEO Andrew Levy. David Neeleman, founder and CEO of Breeze Airways, before boarding the airline's inaugural flight at Tampa International Airport in Tampa, Florida, on May 27, 2021. A Breeze Airways airplane on the tarmac at Tampa International Airport in Tampa, Florida, on May 27, 2021. Operational costsOffering low airfares has made industry-wide cost increases all the more daunting for Avelo and Breeze.

Persons: Charles M, Schulz, Patrick T, Fallon, They've, David, it's, Andrew Levy, Avelo, Levy, David Neeleman, Matt May, Henry Harteveldt, Harteveldt, Connecticut's, Neeleman Organizations: Avelo Airlines Boeing, Hollywood Burbank Airport, Airport, AFP, Getty, U.S, Breeze Airways, Los Angeles International, Avelo, United, Breeze, Southwest Airlines, Tampa International Airport, Bloomberg, Atmosphere Research, New Haven Airport, Wilmington, JetBlue Airways, Azul, Westchester County Airport, Canton Airport, International Airport, Airlines Locations: Hollywood, Sonoma, Santa Rosa, Angeles, Islip, Long, New York City, Delta, Southwest, U.S, Ukraine, Tampa , Florida, Florida, South Carolina, California, Puerto Rico, New, Westchester, Akron, Ohio, Hartford , Connecticut, Charleston , South Carolina, Vegas, Los Angeles, Breeze

Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. Berkshire owns 80% of Pilot, having paid the Haslams $2.76 billion for a 38.6% stake in 2017 and $8.2 billion for another 41.4% in January. The Haslams sued Omaha, Nebraska-based Berkshire in October, accusing it of seeking a "windfall" by adopting "pushdown" accounting for Pilot. Berkshire countersued on Nov. 28, saying Jimmy Haslam tried to bribe Pilot executives with millions of dollars to inflate earnings in 2023 at the expense of future years. According to court papers, the Haslams believe the 20% Pilot stake was worth $3.2 billion before Berkshire's accounting change, an amount Berkshire disputes.

Persons: Warren Buffett, Scott Morgan, Warren Buffett's Berkshire Hathaway, Jimmy Haslam, Chancellor Morgan Zurn, Haslam, Zurn, Berkshire, Berkshire countersued, Tom Hals, David Holmes Organizations: Berkshire Hathaway, REUTERS, Rights, Travel Centers, Cleveland Browns, Berkshire, Pilot, Thomson Locations: Omaha , Nebraska, U.S, Rights WILMINGTON , Delaware, Delaware, Delaware's, Berkshire, Knoxville , Tennessee, Wilmington , Delaware

☆ A group of student-loan borrowers are getting $30 million in debt relief after a tech boot camp offered them 'illegal' payment plans, a federal watchdog says
▼ + stars: | 2023-11-20 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +3 min

A group of student-loan borrowers who attended boot camp Prehired are getting $30 million in debt relief. The CFPB sued Prehired over the summer, accusing it of offering "illegal" income-share agreements. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementMore student-debt relief is on the way for a group of borrowers who attended a tech boot camp. "Today's action with our state partners ensures that borrowers harmed by Prehired can receive redress and have their illegal loans canceled."

Persons: Prehired, —, Rohit Chopra Organizations: Service, Consumer Financial, Delaware's Justice Department

☆ BlackRock appears to take first steps toward an ether ETF
▼ + stars: | 2023-11-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +1 min

Asset management giant BlackRock appeared to take the first steps toward an ether ETF on Thursday, sparking a rally in the cryptocurrency. A similar notice for the iShares Bitcoin Trust came one week before BlackRock's filing for a bitcoin ETF in June. The Securities and Exchange Commission has still not approved a bitcoin ETF. The regulator has long opposed such a fund and blocked Grayscale's attempt to convert its bitcoin trust product into an ETF, though a court overruled that decision in August. If the SEC does allow bitcoin ETFs, then ether funds would likely be next in line.

Persons: bitcoin Organizations: Delaware's Division, Corporations, Securities, Exchange Commission, SEC, CNBC PRO Locations: BlackRock, New York City

☆ Ether tops $2,000 for the first time since April, bitcoin climbs to an 18-month high
▼ + stars: | 2023-11-09 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +2 min

A similar notice for the iShares Bitcoin Trust came on June 8, one week before BlackRock's filing for a bitcoin ETF. The price of ether jumped Thursday, topping the key $2,000 level for the first time since April, after BlackRock took initial steps toward filing for a spot ether ETF. Other crypto assets as well as crypto equities rode the bitcoin price wave Thursday. Meanwhile, shares of bitcoin miners rode the bitcoin wave too. Don't miss these stories from CNBC PRO:Correction: The price of bitcoin topped $37,000 for the first time since May 2022.

Persons: Clara Medalie, Ether, bitcoin, Solana, Darius Tabatabai, Gary Gensler, Microstrategy, CleanSpark, —, Jesse Pound Organizations: Delaware's Division, Corporations, BlackRock, Metrics, Cardano, SEC, CNBC, Marathon, Iris Energy Locations: Coinbase

☆ Wealthy buyers are flocking to Florida to rebuild mansions where modest homes were destroyed by hurricanes
▼ + stars: | 2023-11-01 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +4 min

Rich buyers have the funds to rebuild mansions that are more likely to survive future storms. Fort Myers Beach, Florida, has seen an influx of new buyers following Hurricane Ian last year. The storm killed 21 people and washed away a third of the homes and businesses located on the skinny sand strip that makes up Fort Myers Beach, many of which were modest, middle-class homes. Candy Rahn, 69, told the outlet she and her husband were forced out of Fort Myers after Ian when her uninsured cottage was destroyed. The wealthy companies and people who swoop in to buy up empty lots in Fort Myers Beach are in some ways helping disaster survivors by padding their pockets with thousands of dollars.

Persons: Rich, Ian, —, Candy Rahn, Fort Myers, Rahn, Jesse Keenan Organizations: Bloomberg, Service, Fort Myers, Attom Data, University of Delaware's, Research, Tulane University Locations: Florida, Fort Myers Beach , Florida, Estero, Fort Myers Beach, Fort, Fort Myers, New Orleans

The company wants Kathaleen McCormick, chief judge on the court, to approve a fee of no more than $64 million. The attorneys represented a Detroit police union pension plan that sued Tesla's directors for excessive compensation during 2017 to 2020. Nearly all of the directors' compensation comprised stock options and they only got paid if the stock rose. The 2020 lawsuit settled in July with the directors agreeing to return to Tesla $735 million as part of a $919 million agreement. The difference in the two values boils down to the stock options.

Persons: Thomas Peter, Kathaleen McCormick, Elon Musk's, James Murdoch, Rupert Murdoch, Larry Ellison, Tesla, Tom Hals, Noeleen Walder, David Gregorio Our Organizations: REUTERS, Oracle Corp, Tesla, Detroit, Oracle, Thomson Locations: Beijing, China, WILMINGTON , Delaware, Delaware, Delaware's Court, Wilmington , Delaware

The lawyers want a judge to approve $229 million in fees, or $10,690 an hour, according to a Sept. 8 filing in Delaware's Court of Chancery. The legal fee and the settlement must be approved by a Delaware judge at a hearing scheduled for October. The Telsa directors have not objected to the fee request but are expected to do so, according to a court filing by the plaintiffs' lawyers. In 2012, the Delaware Supreme Court affirmed a $304 million fee in a Southern Copper shareholder lawsuit involving $2 billion of damages. The Delaware Court of Chancery judge overseeing the Tesla case, Kathaleen McCormick, has scheduled a hearing on Oct. 13 to approve the settlement and the fee.

Persons: Tesla's, James Murdoch, Larry Ellison, Bleichmar Fonti, McCarter, Ronald King, Clark Hill, George Bauer, David Paige, Paige, Kathaleen McCormick, Tom Hals, Amy Stevens, Marguerita Choy Organizations: REUTERS, Partners, Bleichmar, Shukurov, Advisors, Southern, Thomson Locations: Oslo, Norway, Victoria, WILMINGTON , Delaware, Delaware's Court, Delaware, New York, Wilmington , Delaware, Lansing , Michigan

☆ Putin couldn't believe how 'fit' Biden was when they met for their 2021 summit: book
▼ + stars: | 2023-09-05 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +3 min

Vladimir Putin apparently couldn't believe how fit Biden was in 2021, per a new book. In The Last Politician, Franklin Foer wrote about how the Russian president couldn't believe his eyes. Apparently, Putin had taken it to heart that Biden was a feeble man before their 2021 summit. But it was Putin who couldn't believe that President Joe Biden was looking good during their 2021 summit, according to a new book. Advertisement Advertisement Watch: Inside Putin's secret bunker and billion-dollar palace"When Putin called Angela Merkel to deliver the postmortem of the meeting, he told her, 'President Biden is very fit.'"

Persons: Vladimir Putin, Biden, Franklin Foer, couldn't, Putin, Joe Biden, Donald Trump, Joe Biden's, Foer, Scranton Joe wasn't scrawny, Angela Merkel, Biden's, Matthew McConaughey's, Boris Johnson Organizations: Service, Scranton, Capitol, British Locations: Russian, Wall, Silicon, Geneva, Ukraine, Rehoboth Beach

☆ Hunter Biden's plea deal is dead as the DOJ appoints a special counsel to oversee its investigation
▼ + stars: | 2023-08-11 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Hunter Biden's legal troubles just got a whole lot worse. Meanwhile, Biden's plea deal for tax crimes and a gun charge has collapsed. The surprise announcement came as federal prosecutors suggested that a plea deal with the president's son is now effectively dead after a Trump-appointed judge refused to accept it. Many in the GOP are still furious over Weiss' role in Hunter Biden's now-potentially dead plea deal. "'[T]he parties are at an impasse and are not in agreement on either a plea agreement or a diversion agreement," prosecutors wrote in the court filing.

Persons: Hunter, General Merrick Garland, Biden's, Hunter Biden, David Weiss, Trump, Joe Biden's, Garland, Weiss, DOJ's Hunter Biden, Biden, Jack Smith, Donald Trump's, Robert Hur, Bill Barr, Robert Mueller, Barr, Hunter Biden's, Judge Maryellen Noreika Organizations: Service, Justice Department, Trump, Obama, GOP Locations: Wall, Silicon

☆ A federal watchdog is suing a tech boot camp, accusing it of loading students up with 'predatory' debt and telling them it could collect 'more than the consumer legally owed'
▼ + stars: | 2023-07-18 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +5 min

The CFPB and state attorneys general sued a career boot camp that declared bankruptcy in 2022. Prehired sued nearly 300 former students last year, saying they'd defaulted on their loans. "Prehired also represented that consumers would pay nothing until they got a job and 'partner[ed] with' Prehired in their career. The lawsuit also accused Prehired of "falsely representing the amount of debt owed by consumers by stating that Prehired could collect more than the consumer legally owed." The complaint said Prehired filed more than 280 lawsuits in 2022 demanding that former students who it said had defaulted pay $25,000 each.

Persons: Prehired, they'd, Bob Ferguson, Washingtonians, bootcamps, Ben Kaufman Organizations: Service, Consumer Financial Protection, California's Department of Financial Protection, Innovation, LinkedIn, Delaware's Department of Justice, Washington Attorney General's Locations: Wall, Silicon, Prehired

☆ Nikola falls short of winning shareholder support to issue new stock – but a new law may help
▼ + stars: | 2023-07-06 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +1 min

Electric truck maker Nikola is still short of winning shareholder approval to issue new stock and has once again adjourned its annual meeting to try to win more support, the company said on Thursday. Nikola had adjourned its June 6 annual meeting until Thursday to try to drum up more support for the proposal. Current law in Delaware, where Nikola is incorporated, requires approval from owners of at least 50% of the company's outstanding shares to pass a share increase proposal. The company is expected to launch the long-awaited hydrogen fuel cell version of its Tre electric semitruck later this month. Nikola will report its second-quarter results before the U.S. markets open on Aug. 4.

Persons: Nikola Locations: Delaware, Delaware's, U.S, Canada

☆ Some US cities are allowing corporations to vote in local elections in hopes of stimulating the economy
▼ + stars: | 2023-07-02 | by ( Katie Hawkinson | ) www.businessinsider.com time to read: +3 min

Seaford, Delaware is seeking to give business entities the right to vote in local elections. For a small town of about 8,500 people, that's a voter turnout of only 4%. A new bill now being considered in the small town, however, could help increase those numbers. Seaford's town leaders want to give corporations based there the right to vote. In April, Seaford Mayor David Grenshaw cast the tie-breaking city council vote to amend the city's charter, giving business entities — ranging from small businesses to large corporations — the right to vote in local elections.

Persons: It's, —, Seaford Mayor David Grenshaw, Grenshaw, WRDE, Claire Snyder, hasn't Organizations: Service, CBS, Seaford Mayor, CNN, Hall, Seaford, Corporations Locations: Seaford , Delaware, Delaware, Seaford, Delaware's, Newark , Delaware

Companies Walt Disney Co FollowWILMINGTON, Delaware, June 27 (Reuters) - The Walt Disney Co (DIS.N) board did not act negligently when it criticized a sexual identity bill signed by Florida Governor Ron DeSantis, a Delaware judge ruled on Tuesday, in a case the judge said was improperly directed by a conservative legal group. The ruling by Lori Will of Delaware's Court of Chancery means that Disney will not have to turn over internal records including years of board members' emails sought by shareholder Kenneth Simeone, who sued Disney in December. Disney's criticism touched off a war of words with DeSantis and led to the state removing the company's control of a special administrative district that promotes development around the Walt Disney World resort. DeSantis, who is seeking the Republican presidential nomination, has used his battle against what he calls "woke Disney" to raise his national profile. Simeone, Jonna and Disney did not respond immediately to requests for comment.

Persons: Ron DeSantis, Lori Will, Kenneth Simeone, Will, Disney, Paul Jonna, Tom Hals, Jamie Freed Organizations: Walt Disney Co, Florida, Delaware's, Disney, Walt Disney, Thomas More Society, Thomson Locations: WILMINGTON , Delaware, Delaware, Wilmington , Delaware

☆ Delaware state Sen. Sarah McBride is running to become the nation's first transgender member of Congress
▼ + stars: | 2023-06-26 | by ( Madison Hall | ) www.businessinsider.com time to read: +2 min

Delaware state Sen. Sarah McBride is running for a seat in the US House of Representatives. If she wins, she'll be the nation's first openly transgender member of Congress. McBride previously interned for the Obama Administration and was the national press secretary for the Human Rights Campaign. If she wins in November 2024, she'll become the nation's first openly-transgender member of Congress. Elected as a state senator in 2020, McBride is the highest-ranking transgender legislator in the United States.

Persons: Sen, Sarah McBride, she'll, McBride, —, Lisa Blunt Rochester, Tom Carper, Obama, Joe Biden, Beau Biden's, She's Organizations: Representatives, Obama Administration, Human, Service, Democratic, Bloomberg Government, Delaware's statehouse, American University, Democratic National Convention, New York Times Locations: Delaware, United States, Delaware's

Law Firms Duane Morris LLP FollowJune 20 (Reuters) - David Weiss, the top federal prosecutor in Delaware, wrapped up the most closely watched investigation of his career on Tuesday when U.S. President Joe Biden’s son Hunter agreed to plead guilty to misdemeanor tax crimes. Weiss, 67, who was appointed to his post by Republican then-President Donald Trump, agreed to stay on the job into the Biden administration to complete a long-running probe into Hunter Biden’s finances. Hunter Biden, 53, agreed to plead guilty to two misdemeanor charges of willfully failing to pay income taxes and reached an agreement on a gun-related offense that could allow him to avoid a conviction, according to court filings. “I don’t think he’s thinking about the politics at all,” said Thomas Ostrander, who worked with Weiss at law firm Duane Morris. Weiss was nominated to be U.S. attorney in Delaware by Trump in 2018 with the support of Delaware’s two Democratic U.S. senators.

Persons: Duane Morris, David Weiss, Joe Biden’s, Hunter, Weiss, Donald Trump, Biden, Hunter Biden, “, ”, Thomas Ostrander, “ He’s, James Comer, General Merrick Garland, Obama, Weiss ’, Anne Marie Fahey, Delaware's, Ostrander, Delaware’s, Christopher Tigani, Andrew Goudsward, David Bario, Jonathan Oatis Organizations: Republican, Democratic, U.S, Trump, Democratic U.S, Reuters, Politico, Wilmington Trust, Prosecutors, Thomson Locations: Delaware, China

☆ Judge rejects Fox motions, allows Dominion's $1.6 billion defamation suit to go to trial
▼ + stars: | 2023-03-31 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +5 min

A Delaware judge on Friday said Dominion Voting's $1.6 billion defamation lawsuit against Fox Corp. and its networks could go to trial in April. Judge Eric Davis of Delaware's Superior Court rejected Fox's arguments that it should bypass a trial since it's protected by the First Amendment. We look forward to going to trial," Dominion said late Friday afternoon. The former president, who was indicted Thursday in an unrelated criminal matter, has repeatedly made false claims about the election being rigged against him. The depositions of both Murdochs, as well as other Fox Corp. executives, are to be included in the trial, too.

☆ Fox, Dominion urge judge to rule in $1.6 billion defamation suit ahead of April trial
▼ + stars: | 2023-03-22 | by ( Lillian Rizzo | ) www.cnbc.com time to read: +6 min

However, Fox and Dominion didn't close up their arguments on Tuesday and will meet in court Wednesday morning. (Trump's false claims of election fraud are at the center of multiple criminal probes.) Chairman Rupert Murdoch said some anchors parroted false fraud claims in the months following the election. Fox has consistently denied the claims it knowingly made false claims, and has argued it is protected by the First Amendment. These cases are often settled out of court or quickly dismissed by a court judge, but neither said has had such discussions, CNBC previously reported.

☆ Here's why more than 60% of Fortune 500 companies are incorporated in Delaware
▼ + stars: | 2023-03-13 | by ( Charlotte Morabito | In Charlottemorabito | ) www.cnbc.com time to read: +2 min

But it's home to more than 60% of Fortune 500 companies, the state says, including Google parent company Alphabet, Amazon, CVS Health, and CNBC parent company Comcast. One of Delaware's major advantages is its Court of Chancery, which is a separate court system specifically for handling corporate cases. "It's a misnomer that Delaware is a tax haven for corporations," said Gigi Tewari, assistant professor at Widener University Delaware Law School. "So many people believe that, I should incorporate my business in Delaware because I'm going to save so much on corporate tax. Actually, Delaware is on the higher end for corporate tax."

The ruling authored by Jackson, who was confirmed last year by the Senate as the newest of the nine justices, was unanimous. Under that law, money orders that go uncashed can be generally taken by the state in which they are purchased. Circuit Judge Pierre Leval, later agreed with Delaware's view that they were not legally money orders but were "third-party bank checks." Jackson rejected that position, saying the financial instruments were similar to money orders in function and operation by allowing prepayment of a specified amount to a specific person. "And none of the differences Delaware identifies relates to the statutory text or ordinary meaning of a money order," Jackson wrote.

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