Top News & Analysis Delaware

  • Sept 13- The bankruptcy of Korea's Hanjin Shipping Co Ltd is causing ripple effects for importers bringing goods from Asian factories to U.S. malls by creating a shortage of trailers to move ocean-shipping containers on U.S. roads. Terminal operators in the California ports of Long Beach and Oakland are not taking back empty containers. "If it's not fixed in the...

  • Sept 12- Freeport McMoRan Inc agreed to sell its deepwater Gulf of Mexico assets to Anadarko Petroleum Corp for $2 billion as it looks to cut its heavy debt load. The transaction comes as something of a surprise after Freeport failed to find a buyer for all or part of its oil assets last year and earlier this year, said Clarksons Platou Securities analyst Jeremy...

  • Sept 9- A U.S. judge on Friday signed an order granting Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. "We have the money," said Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing in Newark, New Jersey on Friday. One of the four, the Hanjin Greece, was scheduled...

  • Sept 9- A U.S. judge on Friday signed an order granting Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin had asked U.S. "We have the money," said Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing in Newark, New Jersey on Friday.

  • Sept 9- A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. South Korea's Hanjin asked U.S. "We have the money," said Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing in Newark, New Jersey on Friday.

  • Sept 9- A U.S. judge said on Friday he will grant Hanjin Shipping Co Ltd provisional protection from creditors in the United States, enabling some vessels to dock and unload at U.S. ports. "We have the money to fully service those four ships," Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing in Newark, New Jersey on Friday. Around $14 billion of...

  • Sept 9- Hanjin Shipping Co Ltd has received authority to spend the money needed to dock at U.S. ports and begin unloading four vessels that have been stranded at sea by the company's failure last week, a company lawyer told a U.S. court on Friday. "We have the money to fully service those four ships," Ilana Volkov, an attorney for Hanjin, told a U.S. Bankruptcy Court hearing...

  • Sept 9- Hanjin Shipping Co Ltd has received authority to spend the money needed to dock at U.S. ports and begin unloading four vessels that have been stranded at sea by the company's failure last week, a company lawyer told a U.S. court on Friday. "We have the money to fully service those four ships," Ilana Volkov, a Hanjin attorney, told a U.S. Bankruptcy Court hearing in...

  • Sept 9- Hanjin Shipping Co Ltd has received authority to spend the money needed to dock at U.S. ports and begin unloading four vessels that have been stranded at sea by the company's failure last week, a company lawyer told a U.S. court on Friday. "We have the money to fully service those four ships," Ilana Volkov, a Hanjin attorney, told a U.S. Bankruptcy Court hearing in...

  • SEOUL, Sept 9- Korean Air Lines, the biggest shareholder in Hanjin Shipping, on Friday delayed a decision on a funding plan for the troubled company for a second time, adding to uncertainty about cargo stranded at sea following the failure of the world's seventh-largest container carrier. Four vessels have also been seized as of Thursday, according to Hanjin...

  • NEW YORK, Sept 9- U.S. oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the renewable fuel program, whose costs have ballooned. They spent $1.1 billion on the credits in the first half of the year, just short of a record $1.3 billion in all of...

  • Sept 8- Samsung Electronics Co Ltd on Thursday asked a U.S. judge to allow the South Korean company to pay cargo handlers to remove its goods from Hanjin Shipping Co Ltd's vessels stationed near U.S. ports after the world's seventh-largest container carrier filed for bankruptcy. "There's no earthly reason why these parties should not be permitted to cut their...

  • Sept 8- Medical device maker Abbott Laboratories and Alere Inc agreed on Thursday to work with a mediator to settle their dispute over Abbott's role in obtaining U.S. antitrust clearance for its $5.8 billion takeover of the diagnostics company, but Alere voiced concern about the speed of the process. The companies are considering using former Delaware...

  • Truck loaded with unstamped pennies crashes

    Witnesses say the driver lost control of the vehicle on Interstate-95 in Delaware.

  • Sept 2- Hundreds of banana farmers from Central America and South America will again have their day in court, after a U.S. appeals court on Friday revived six lawsuits accusing several big fruit and chemical companies of sickening them with a toxic pesticide. By an 11-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia revived claims by 228 farmers from...

  • Oil and gas companies, encouraged by an uptick in oil prices, have been buying up acreage in the Permian Basin in west Texas and eastern New Mexico- the nation's largest shale oil play- as the region is considered among the most cost-effective and most viable to drill. EOG will issue 26.06 million shares valued at $2.3 billion and pay $37 million in cash in exchange...

  • Hermine was forecast to bring up to 2 inches of rain to southern New England on Monday, after having hit land in Florida on Friday, and churning up the southeastern seaboard. A tropical storm warning remained in effect Sunday night from the Delaware and New Jersey shores north to New York's Long Island and beyond to Martha's Vineyard and Nantucket Island off...

  • Hermine, which came ashore in Florida as a hurricane on Friday, had churned up the southeastern seaboard as a tropical storm before being reclassified on Saturday as a post-tropical cyclone. A tropical storm warning remained in effect Sunday night from the Delaware and New Jersey shores north to New York's Long Island and beyond to Martha's Vineyard and...

  • TAMPA, Fla., Sept 2- Hurricane Hermine wreaked havoc across Florida on Friday, knocking out power to nearly 300,000 homes and businesses, flooding low-lying areas and raising concerns about the spread of the Zika virus from pools of standing water left behind. The first hurricane to make landfall in Florida in 11 years, Hermine came ashore early on Friday near the...

  • TAMPA, Fla., Sept 2- Hurricane Hermine tore a path of destruction across Florida on Friday, knocking out power for 253,000 customers, flooding low-lying areas and raising concerns about the spread of the Zika virus from pools of standing water left behind. The first hurricane to make landfall in Florida in more than a decade, Hermine came ashore early on Friday near...