Top News & Analysis Delaware

  • Other data on Thursday showed factory activity in the mid-Atlantic region stalled in June, likely reflecting a recent escalation in trade tensions between the United States and China. "Solid labor market conditions supporting a strong consumer sector provides a solid base underneath the economy," said Jim Baird, chief investment officer at Plante Moran...

  • WASHINGTON, June 20- The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to underlying labor market strength despite a sharp slowdown in job growth in May. Other data on Thursday showed factory activity in the mid-Atlantic region stalled in June, likely reflecting a recent escalation in trade...

  • June 12- Real estate billionaire Sam Zell and other former officers and directors of Tribune Co have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company's disastrous 2007 leveraged buyout. Marc Kirschner, a litigation trustee representing Tribune creditors, filed the proposed settlement on...

  • NEW YORK, June 11- Joe Biden may have an ethanol problem. But Biden, who leads the crowded Democratic field in opinion polls in Iowa and nationally, faces lingering questions in the U.S. That could hurt Biden in Iowa, where he kicked off a campaign tour on Tuesday.

  • June 10- Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication. The filing in U.S. Bankruptcy Court in the District of Delaware made Insys the first drug manufacturer to turn to...

  • June 10- Drugmaker Insys Therapeutics Inc filed for Chapter 11 bankruptcy protection on Monday, about a week after agreeing to pay $225 million to settle a U.S. probe into bribes it paid to doctors for prescribing a powerful opioid medication. The filing in U.S. Bankruptcy Court in the District of Delaware made Insys the first drug manufacturer to turn to...

  • President Donald Trump has made immigration a central theme of his administration but has grown increasingly frustrated with the ballooning numbers of mostly Central American families crossing the U.S.- Mexico border and turning themselves in to U.S. authorities. A threat of across-the-board tariffs on Mexican goods starting on Monday unless Mexico...

  • NEW YORK, June 6- The United States may now be the world's biggest crude producer, but the oil being produced in its prolific Permian basin is increasingly too light in density for domestic refiners or for exports, eroding prices for these orphan barrels. Over the past year, production from the Permian in West Texas and New Mexico has changed, with more super-light...

  • LONDON, June 3- In' Billions', a U.S. television show set in the world of hedge funds, traders at the fictional Axe Capital regularly attend sessions with an in-house psychiatrist. On Wall Street and in the City of London, hyperambition and an' always on' attitude are richly rewarded and people are often wary of revealing something that could be perceived as a weakness.

  • President Donald Trump's proposal to impose a tariff on all Mexican goods to push Mexico to halt a surge in illegal immigrants is likely to be challenged in court and will test the scope of the president's emergency powers. Trump dramatically intensified his quest to limit a wave of asylum seekers arriving at the U.S.- Mexico border, including families...

  • President Donald Trump's proposal to impose sweeping tariffs on Mexican goods to push Mexico to stop migrants from entering the United States is likely to prompt legal challenges, but is probably on firm footing under federal law, some legal experts said on Friday. Congress has for decades ceded its Constitutional authority to levy tariffs to the president,...

  • NEW YORK, May 23- U.S. stocks slumped on Thursday as investors dumped shares of technology companies as well as businesses in cyclical sectors on fears that the escalating trade war between United States and China would stymie global economic growth. Further fueling trade fears among investors, Beijing said that Washington needs to correct its "wrong actions"...

  • May 22- An investor group that holds about 25% in Texas Pacific Land Trust installed its preferred trustee in a shareholder meeting on Wednesday that the company, one of the biggest landowners in Texas, rejected as invalid. On Tuesday, Texas Pacific postponed the special meeting where shareholders were due to fill a vacant trustee spot after filing a lawsuit...

  • May 22- An investor group that collectively holds about 25% in Texas Pacific Land Trust said their nominee, Eric Oliver, was elected as a trustee at a special shareholder meeting, the validity of which was not recognized by the company. Oliver is the nominee of SoftVest LP, Horizon Kinetics LLC and ART-FGT Family Partners and is competing with trust nominee...

  • May 20- InterDigital Wireless Inc said on Monday that it can license its 5 G network technology to Huawei Technologies Co Ltd despite the threat of a U.S. ban on selling chips and software to the Chinese telecommunications firm, and patent attorneys said Qualcomm Inc likely also can do so. InterDigital and Qualcomm are the two major American holders of patents...

  • WILMINGTON, Del, May 13- Lenders and hundreds of investors agreed on Monday to pay $231 million to end their decade-long legal fight over a clerical error in a $1.5 billion loan to General Motors that was administered by JPMorgan Chase& Co, according to court documents. The unsecured creditors, who collected pennies on the dollar from GM's bankruptcy, have been...

  • *China vice premier to visit U.S. for trade talks. May 7- U.S. stocks slid more than 1 percent on Tuesday in a broad-based selloff led by technology shares, as escalating trade tensions between the United States and China triggered global growth fears and kept investors away from riskier assets. Beijing said on Tuesday that Chinese Vice Premier Liu He will visit the...

  • SEATTLE/ WILMINGTON, Del., May 1- Boeing Co on Wednesday named a new senior adviser to Chief Executive Officer Dennis Muilenburg and the board of directors as the world's largest planemaker faces its biggest crisis in years after two deadly crashes of its 737 MAX. Luttig was appointed at age 37 to the U.S. 4th Circuit Court of Appeals, after working as assistant...

  • April 30- Devon Energy Corp on Tuesday raised its full-year U.S. oil production forecast after posting a better-than-expected quarterly profit on the back higher output, especially in the Delaware basin. Net loss attributable to Devon widened to $317 million, or 74 cents per share, in the first quarter ended March 31, from $197 million, or 38 cents per share, a year...

  • Newly confirmed Interior Secretary David Bernhardt said last week the agencys five-year plan for oil and gas drilling on the Outer Continental Shelf would be sidelined indefinitely after a March court ruling blocked drilling in the Arctic and part of the Atlantic Ocean. But Interior's Bureau of Ocean Energy Management, which is responsible for managing...