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  • Texas- based Anadarko raised the mid-point of its full-year sales volume forecast by 2 million barrels of oil equivalent on increased sales from Gulf of Mexico, Delaware and DJ basins. Net loss attributable to Anadarko was $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per share, a year earlier.

  • WILMINGTON, Del.— DuPont topped most expectations in the second quarter as the chemical maker cut costs ahead of its tie up with Dow Chemical, and it upped its profit outlook for the year. Excluding certain items, earnings were $1.24 per share, which was 14 cents better than analysts had expected, according to a poll by Zacks Investment Research.

  • July 22- Wal-Mart Stores Inc executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world's largest retailer's Mexico unit. By a 3-0 vote, the 8th U.S. Circuit Court of Appeals in St. Louis upheld a lower court dismissal of a federal lawsuit...

  • NEWARK, Del. _ SLM Corp. on Wednesday reported second-quarter net income of $57.2 million. Sallie Mae expects full-year earnings in the range of 51 cents to 52 cents per share. Sallie Mae shares have risen 12 percent since the beginning of the year.

  • WILMINGTON, Del. _ Navient Corp. on Tuesday reported second-quarter net income of $125 million. The Wilmington, Delaware- based company said it had profit of 38 cents per share. Navient shares have climbed 20 percent since the beginning of the year, while the Standard& Poor's 500 index has increased almost 6 percent.

  • July 18- Viacom Inc Chief Executive Philippe Dauman and Chief Operating Officer Thomas Dooley have reserved their legal right to resign "with good reason" in a move to protect tens of millions of dollars in potential severance pay. Under their employment agreements, Dooley could receive more than $30 million in severance compensation and Dauman could receive...

  • National Amusements Inc, through which the 93- year-old media mogul owns 80 percent of Viacom, said in a statement that Paramount was "one of Viacom's most valuable assets" and a stake sale "would chill the interest of parties that may be interested in a larger transaction involving all of Viacom." A Viacom spokesman said it was "beyond understanding" that National...

  • July 13- A former Goldman Sachs Group Inc programmer who has spent seven years and incurred more than $8 million in bills fighting charges he stole computer code failed to persuade a Delaware judge to force the bank to advance some of his legal fees. Vice Chancellor J. Travis Laster of the Delaware Chancery Court ruled on Wednesday that Sergey Aleynikov did not...

  • BELIZE CITY, Belize, July 12- Burdened by chronic back pain, Belize Prime Minister Dean Barrow avoids traveling abroad, his colleagues say. But in January, he flew to Washington and visited one government agency after another on a singular mission: reconnecting his country to the U.S. financial system. As banks scrub their books of potentially risky businesses...

  • LOS ANGELES, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday. Former companion Manuela Herzer argued that recent developments surrounding Viacom Inc, one of the media companies that Redstone...

  • NEW YORK, July 11- An ex-girlfriend of media mogul Sumner Redstone will not be granted a new trial over her lawsuit that challenged the 93- year-old's mental competence, a California judge said in a tentative ruling on Monday. Former companion Manuela Herzer argued that recent developments surrounding Viacom Inc, one of the media companies that Redstone...

  • WILMINGTON, Del., July 8- A judge ruled on Friday that payday lender DFC Global Corp was sold too cheaply to private equity firm Lone Star Funds in 2014, the second time in recent weeks that investors prevailed in squeezing extra cash out of a merger deal through a Delaware lawsuit. Delaware Chancellor Andre Bouchard found four DFC shareholders were entitled to...

  • July 7- The U.S. government agreed to a mine clean-up deal that allows coal producer Alpha Natural Resources to exit bankruptcy, despite concerns that Alpha will be unable to fund $400 million in commitments, a government lawyer told a court on Thursday. Alpha had about $676 million in self-bonded mine clean-up costs, mostly in Wyoming and West Virginia, when weak...

  • July 7- Mario Gabelli, Viacom Inc's second-largest holder of voting shares behind majority owner Sumner Redstone, believes that Chief Executive Philippe Dauman can do nothing to save his job because he cannot win his battle with the Redstone family over control of the media company. Since the Redstones own 80 percent of the voting shares of Viacom and CBS...

  • WILMINGTON, Del./ WASHINGTON, July 6- Alpha Natural Resources said on Wednesday it expects to reach a deal with the U.S. government over responsibility for the cost of cleaning up mining sites, removing one of the most significant hurdles to the coal company's exiting bankruptcy. On Wednesday, Alpha said it anticipated reaching a deal by Thursday with the U.S....

  • HOUSTON, July 1- U.S. refiner PBF Energy took ownership on Friday of a Los Angeles- area refinery purchased from Exxon Mobil Corp for $537.5 million, clearing the way for it to focus on further North American acquisitions. The takeover of the Torrance, California facility makes PBF the fourth largest independent U.S. refiner and expands its footprint from coast to...

  • Chairman Frank MacInnis, Keith Meister and Eric Mandelblatt were among the directors to step down, according to the sources. Meister and Mandelblatt run two of the company's largest investors, hedge funds Corvex Management LP and Soroban Capital Partners, respectively. Ralph Izzo, Steven Nance and Laura Sugg also stepped down from the board, two of the sources...

  • Chairman Frank MacInnis, Keith Meister and Eric Mandelblatt were among the directors to step down, according to the source. Meister and Mandelblatt run two of the company's largest investors, hedge funds Corvex Management LP and Soroban Capital Partners, respectively. Ralph Izzo and Steven Nance also stepped down from the board, the source said.

  • June 30- A Massachusetts judge presiding over a case hinging on Sumner Redstone's mental condition on Thursday peppered attorneys on both sides of the dispute with questions about the 93- year-old media mogul's state of mind and how he communicates with people. Judge George Phelan decided, however, not to hear arguments about whether Redstone should be...

  • June 29- Energy Transfer Equity walked away from its more than $20 billion takeover of Williams Cos Inc on Wednesday after months of lawsuits and heated arguments between the rival pipeline companies. A Delaware judge ruled last week that ETE could terminate the deal after Tuesday over tax issues that were raised by the company's lawyers.