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  • News Summary: Paydirt nears in Kazak superfield Thursday, 18 Oct 2012 | 2:28 PM ET

    ALMOST PAYDIRT: Crude production in Kazakhstan's mammoth Kashagan oilfield project is expected to begin sometime next year. EUREKA: When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • DuPont opens innovation center in Michigan Thursday, 18 Oct 2012 | 11:21 AM ET

    TROY, Mich.-- Chemical giant DuPont Co. is opening an innovation center in suburban Detroit that's aimed at speeding the introduction of new products for the automotive industry. It is DuPont's eighth-such center and is located at its Automotive Development Center in Troy.

  • Korean firm charged with stealing Kevlar secrets Thursday, 18 Oct 2012 | 10:30 AM ET

    ALEXANDRIA, Va.-- A South Korean company and five of its employees are accused in an indictment of stealing the recipe from the DuPont Co. to the high-tech fiber used to make Kevlar body armor, prosecutors announced Thursday.

  • First oil nears for Kazakhstan's supergiant field Thursday, 18 Oct 2012 | 3:03 AM ET

    KASHAGAN OILFIELD, Kazakhstan-- The manmade islands that are home to Kazakhstan's mammoth Kashagan oilfield project rise like a mirage to the boats churning through the shallow waters of the Caspian Sea. When surveyors confirmed in 2000 that Kazakhstan had a new supergiant oil reserve, the world's energy companies reacted with glee.

  • Sallie Mae swings to profit in 3Q as expenses cut Wednesday, 17 Oct 2012 | 6:25 PM ET

    NEWARK, Del.-- Student lender Sallie Mae said Wednesday it swung to a profit in the third quarter after losing money a year earlier, as it reduced operating expenses and set aside less money to cover bad loans. Sallie Mae said it set aside $270 million for troubled loans in the third quarter, or $139 million less than it did a year earlier.

  • Interest concerns weigh on PNC shares after 3Q Tuesday, 16 Oct 2012 | 3:31 PM ET

    BOSTON-- Investors, concerned about PNC Financial Services Group Inc.' s ability to grow profit amid record-low interest rates and increasing expenses, drove down the bank's shares Tuesday after its third-quarter results.

  • Solyndra asks judge to approve reorganization plan Monday, 15 Oct 2012 | 2:59 PM ET

    WILMINGTON, Del.-- The failed solar power company Solyndra LLC is asking a Delaware bankruptcy judge to confirm its proposed reorganization plan over objections from government attorneys. Lawyers also addressed and rejected Internal Revenue Service and Department of Energy objections.

  • Del. gasoline 2 cents less compared to last week Monday, 15 Oct 2012 | 8:44 AM ET

    WASHINGTON-- Motorists in Delaware region are paying 2 cents less at the pump compared to a week ago. AAA Mid-Atlantic said Sunday in a weekly report that the average price of a gallon of regular gas in Delaware is $3.76. At this time last year Delaware drivers were paying $3.35 per gallon.

  • Government attorneys object to Solyndra plan Thursday, 11 Oct 2012 | 5:11 PM ET

    WILMINGTON, Del.-- Government attorneys are urging a Delaware bankruptcy judge to reject the proposed reorganization plan of failed solar power company Solyndra LLC. Internal Revenue Service attorneys filed papers this week saying the plan's principal purpose is tax avoidance.

  • Manager discusses restart of Delaware oil refinery Thursday, 11 Oct 2012 | 3:02 PM ET

    WILMINGTON, Del.-- The plant manager of the Delaware City refinery is not ruling out a future expansion of operations at the facility. PBF Energy, which purchased the shuttered refinery from Valero Corp. in 2010 for $220 million, said earlier this year that it was putting plans for a $1 billion expansion project on hold.

  • Vice President Joe Biden to deliver a feisty performance Thursday evening during a high-stakes debate against Republican challenger Paul Ryan and seize back momentum in the race for the White House.

  • Lawsuit involving pedophile pediatrician settled Thursday, 11 Oct 2012 | 10:27 AM ET

    DOVER, Del.-- Attorneys for the state medical society and a southern Delaware hospital have settled a class-action lawsuit filed on behalf of victims of former pediatrician Earl Bradley, who sexually abused scores of his young patients over more than a decade.

  • HUD secretary to speak at Del. housing conference Thursday, 11 Oct 2012 | 9:21 AM ET

    DOVER, Del.-- The Obama administration's secretary of housing and urban development is visiting Delaware to take part in a conference on affordable housing. HUD Secretary Shaun Donovan will give the keynote speech Thursday at the 2012 Governor's Conference on Housing.

  • *Blackstone, KKR decline to comment. Oct 10- Top executives at some of the world's largest private equity firms, including KKR& Co LP and Blackstone Group LP, sent emails that allegedly show them plotting to scoop up companies on the cheap during last decade's buyout boom, according to court documents unsealed on Wednesday.

  • By Tom Hals and Dan Levine. In its court filing on Wednesday, the IRS opposed Solyndra's plan. If approved by creditors, a holding company would emerge from bankruptcy with no employees or business operations- but as much as $350 million in tax breaks that could be used by Solyndra's investors, including Argonaut Ventures.

  • TEXT-Fitch affirms Deutsche Bank at 'A+'/Stable Wednesday, 10 Oct 2012 | 5:13 PM ET

    Oct 10- Fitch Ratings has affirmed Deutsche Bank AG's. The ratings of Deutsche Bank's main subsidiaries have also been affirmed, as were the ratings of all issues. The rating actions on Deutsche Bank have been taken in conjunction with Fitch's Global Trading and Universal Bank periodic review.

  • Highlights from the Fed's US economic survey Wednesday, 10 Oct 2012 | 4:56 PM ET

    WASHINGTON-- A Federal Reserve survey released Wednesday found that the economy grew modestly in the late summer, bolstered by solid gains in housing. The report is based on anecdotal information from the regional districts and covers the period from mid-August to Sept. 28. The region's economy expanded modestly.

  • As cold returns, tips for saving on heating costs Wednesday, 10 Oct 2012 | 4:45 PM ET

    NEW YORK-- This winter is expected to feel like more winter. But customers will have to use more energy to keep warm, according to the annual Winter Fuels Outlook from the Energy Department's Energy Information Administration. That will result in record heating bills, an average of $2,494.

  • Biden to play 'hardball' in VP debate Wednesday, 10 Oct 2012 | 1:55 PM ET

    WASHINGTON-- Four years ago, Joe Biden was careful not to appear overly aggressive in his vice presidential debate with Sarah Palin, then a newcomer to the national stage. Now, as he prepares to debate Paul Ryan, a 14- year House veteran and the top Republican budget writer, Biden is less concerned about looking like a bully.

  • Oct 9- Standard& Poor's Ratings Services said today that it left its' BB+' issue-level rating and its' 3' recovery rating unchanged on Western Gas Partner L.P.' s existing $520 million 4% notes due 2022 after the partnership announced it proposed to make an add-on of up to $150 million to the issue.

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