Top News & Analysis Delaware

  • March 15- The Trump administration is likely to open up portions of the Atlantic to oil and gas drilling despite opposition from East Coast states, a U.S. Interior Department official suggested in remarks at a recent energy industry conference, a recording of which was reviewed by Reuters. States from New England to Florida have expressed strong opposition to...

  • Sunday's crash occurred five months after the same model of the plane went down in Indonesia, an accident that prompted a string of U.S. lawsuits against Boeing by families of the 189 victims. While no lawsuits have yet been filed since the crash of Ethiopian Airlines Flight 302, some plaintiffs' lawyers said they expect that Boeing will be sued in the United...

  • NEW YORK, March 14- Retailer Rent-A-Center Inc was within its rights to back out of a $1.36 billion merger deal with private equity firm Vintage Capital Management last year, a Delaware state court ruled Thursday. Vice Chancellor Sam Glasscock III of the Delaware Chancery Court said that Vintage's failure to inform Rent-A-Center that it was extending the...

  • NEW YORK, March 14- Retailer Rent-A-Center Inc was within its rights to back out of a $1.36 billion merger deal with private equity firm Vintage Capital Management last year, a Delaware state court ruled Thursday. Vice Chancellor Sam Glasscock III of the Delaware Chancery Court said that Vintage's failure to inform Rent-A-Center that it was extending the...

  • Feb 28- Activist investor Starboard Value LP plans to vote against Bristol-Myers Squibb Co's proposed $74 billion takeover of biotech Celgene Corp and urged other shareholders to join it in voting down the "poorly conceived and ill-advised" deal. The New York- based hedge fund said in a letter sent to Bristol-Myers shareholders...

  • Feb 26- U.S. refiner Citgo Petroleum Corp is formally cutting ties with its parent, state-run oil firm Petroleos de Venezuela SA, to meet U.S. sanctions imposed on the OPEC country, two people close to the decision told Reuters on Tuesday. Executives at the Houston- based firm set a Feb. 26 deadline to end relationships with PDVSA following sanctions designed to curb...

  • WASHINGTON, Feb 25- An appeals court on Monday upheld a judge's decision dismissing a lawsuit filed by the U.S. Federal Trade Commission to fight the practice of brand-name drug companies using a government petition system to delay cheaper, generic drugs from coming to market. The 3rd U.S. Circuit Court of Appeals ruled that a federal court in Delaware had been...

  • Sinovac is seeking to defend itself against a group of shareholders, including investment firms 1 Globe Capital LLC, Chiangjia Li and OrbiMed Advisors LLC, which own 40 percent of the company. In the press release, which has not yet been made public, Sinovac said its board determined that 1 Globe Capital, Chiangjia Li and OrbiMed Advisors met the triggering...

  • Feb 21- A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter. Venezuela's National Assembly, led by opposition leader and...

  • WASHINGTON, Feb 21- New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a sustained slowdown in business spending on equipment that could further crimp economic growth. The economy's outlook was also dimmed by other reports on Thursday showing a measure of factory...

  • Feb 21- Members of boards of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. subsidiaries arrived at Citgo Petroleum's Houston headquarters, two people familiar with the matter said on Thursday. Venezuela's National Assembly, led by opposition leader and self-proclaimed president...

  • WASHINGTON, Feb 21- New orders for key U.S.-made capital goods unexpectedly fell in December amid declining demand for machinery and primary metals, pointing to a further slowdown in business spending on equipment that could crimp economic growth. The moderation in business investment was also underscored by another report on Thursday showing a measure of...

  • TUESDAY, FEBRUARY 19 NEW YORK, United States- Riksbank Governor Stefan Ingves will talk about the economic situation and current monetary policy during a visit to New York- 1730 GMT. NEWARK, United States- Federal Reserve Bank of Cleveland President Loretta Mester to speak on the economic outlook and monetary policy before the 2019 Economic Forecast hosted by...

  • TUESDAY, FEBRUARY 19 NEW YORK, United States- Riksbank Governor Stefan Ingves will talk about the economic situation and current monetary policy during a visit to New York- 1730 GMT. TOKYO- Philippines Central Bank Deputy Governor Diwa Guinigundo speaks at a seminar in Tokyo- 0700 GMT. NEWARK, United States- Federal Reserve Bank of Cleveland President Loretta...

  • THURSDAY, FEBRUARY 14 LONDON- Bank of England policymaker Jan Vlieghe delivers a speech on the outlook for the economy in Britain and globally, a week after the BoE slashed its forecasts for UK growth because of Brexit and the global slowdown- 0930 GMT. NEWARK, Del.- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on "Approaches to Leadership"...

  • PHILADELPHIA, Pa.- Federal Reserve Bank of Philadelphia President Patrick Harker speaks on the economic outlook before the Jewish Business Network Power Lunch- 1700 GMT. DUBLIN- Federal Reserve Bank of Atlanta President Raphael Bostic participates in moderated discussion on the economic outlook and monetary policy before the European Financial Forum-...

  • Feb 11- U.S. glass container maker Owens-Illinois Inc has sued Venezuela and state-owned companies as it seeks to collect a $500 million arbitration award over the 2010 nationalization of two plants, according to a lawsuit filed on Monday. Owens-Illinois was granted the award in 2015 by the International Centre for Settlement of Investment Disputes, which...

  • **LONDON- Bank of England Governor Mark Carney speaks at an FT event as Brexit nears and the world economy slows- 1215 GMT. CINCINNATI, United States- Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economic outlook and monetary policy before the Xavier University and Financial Executives International-- Cincinnati Chapter meeting, in...

  • **BRUSSELS- ECB President Mario Draghi to participate in Eurogroup meeting in Brussels. **KANSAS CITY, United States- Federal Reserve Bank of Kansas City President Esther George to speak on "Charting America's Economic Course" at a public conversation hosted by the Kansas City Public Library, in Kansas City, Mo.- 0030 GMT. CINCINNATI, United States- Federal Reserve...

  • FRIDAY, FEBRUARY 8 SAN FRANCISCO, United States- Federal Reserve Bank of San Francisco President Mary Daly to participate in a moderated conversation before the Bay Area Council Economic Institute's 12th Annual Economic Forecast Conference- 1815 GMT. SAINT CLOUD, Minnesota, United States- Federal Reserve Bank of St. Louis President James Bullard to give...