Top News & Analysis Delaware

  • Feb 27- U.S. shale producer EOG Resources Inc beat analysts' estimates for fourth-quarter profit on Thursday, as higher output from its Bakken and Delaware shale assets offset lower prices. EOG Resources said it expects 2020 capital expenditure to range between $6.3 billion and $6.7 billion, and announced a 30% higher dividend of $0.375 per share.

  • Feb 24- SoftBank's second Vision Fund has led a new $165 million funding round in California- based Karius, which markets a test that can quickly detect hard to diagnose infections through a simple taking of blood, the start-up said on Monday. The funding round values the company at over $700 million, according to a filing made by the company to the state of Delaware,...

  • Feb 24- Technology licensing firm Xperi Corp said on Sunday it received an unsolicited, non-binding buyout proposal from Metis Ventures LLC for $1.16 billion in cash, months after announcing that it would merge with set-top box maker TiVo Corp.. The Delaware- based company has offered $23.30 per share, which represents a premium of about 20% to Xperi's last...

  • There was encouraging news on the struggling manufacturing sector, with other data on Thursday showing factory activity in the mid-Atlantic region accelerated to a three-year high in February, likely as tensions in the 19- month trade war between the United States and China diminished. Washington and China signed a Phase 1 trade deal in January.

  • There was encouraging news on the struggling manufacturing sector, with other data on Thursday showing factory activity in the mid-Atlantic region accelerated to a three-year high in February, likely as tensions in the 19- month trade war between the United States and China diminished. Washington and China signed a Phase 1 trade deal in January.

  • NEW YORK, Feb 20- Factory activity in the U.S. mid-Atlantic region expanded more than expected in February, with a closely watched business index from the Philadelphia Federal Reserve notching its highest level in three years. The survey covers factories in eastern Pennsylvania, southern New Jersey and Delaware. It is seen as one of the first monthly indicators...

  • Completion of the Ted Collins crude oil pipeline will provide access to over 1 million barrels per day of inbound crude oil for delivery to the Houston and Nederland, Texas terminals as well as to Houston and Gulf Coast refineries, Chief Financial Officer Thomas Long said during the call. Last year, Energy Transfer said it would buy smaller rival SemGroup Corp...

  • Feb 18- Concho Resources Inc posted quarterly profit above Wall Street estimates on Tuesday, as the U.S. oil and gas producer stepped up output from Delaware and Midland in the prolific Permian basin. The shale boom has helped the U.S become the world's biggest oil producer, overtaking Saudi Arabia and Russia. However, Concho reported a loss of $471 million, or...

  • Feb 18- Concho Resources Inc posted a 9% rise in fourth-quarter adjusted profit on Tuesday, as the U.S. oil and gas producer stepped up output from its Delaware and Midland basins. Concho reported a loss of $471 million, or $2.38 per share, in the quarter ended Dec. 31 from a profit of $1.51 billion, or $7.55 per share, a year earlier. Excluding items, Concho's profit rose...

  • WILMINGTON, Del., Feb 18- The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades. Paul Mones, who represents hundreds of men who claim they were abused as scouts, told Reuters: "The bankruptcy is being filed as a result of decades of concealing abuse by the...

  • NEW YORK, Feb 12- A federal judge on Wednesday said he was prepared to approve Philadelphia Energy Solutions' bankruptcy plan which includes the sale of the largest East Coast oil refinery to a Chicago real estate developer for $252 million. As part of the agreement, Chicago- based Hilco Redevelopment Partners will buy the more than 1,300- acre refinery site for...

  • NEW YORK, Feb 12- A federal judge on Wednesday said he was prepared to approve Philadelphia Energy Solutions' bankruptcy plan which includes the sale of the largest East Coast oil refinery to a Chicago real estate developer for $252 million. As part of the agreement, Chicago- based Hilco Redevelopment Partners will buy the more than 1,300- acre refinery site for...

  • NEW YORK, Feb 12- A federal judge on Wednesday said he was prepared to approve Philadelphia Energy Solutions' bankruptcy plan, including a $252 million sale of the oldest and largest East Coast oil refinery to Chicago- based Hilco Redevelopment Partners. Delaware bankruptcy Judge Kevin Gross delayed his confirmation until Thursday to allow himself and...

  • "Markets are pricing in that we will see a peak in cases a lot sooner... so factories will be able to reopen and supply chain will begin to repair itself," said Ephie Coumanakos, managing partner of Delaware- based Concord Financial Group. The main U.S. stock indexes have reclaimed record highs as a batch of encouraging domestic economic data, largely upbeat corporate...

  • Feb 10- The U.S. economy is in good shape and the Federal Reserve should hold rates steady for the time being, a top Fed official said on Monday. Philadelphia Federal Reserve Bank President Patrick Harker said he expects economic growth to reach 2% this year and that the unemployment rate could stay below 4% for a couple of years, according to remarks prepared for a...

  • WILMINGTON, Del., Jan 30- Directors of Tesla Inc settled a shareholder lawsuit over the company's 2016 acquisition of SolarCity Corp, leaving Chief Executive Officer Elon Musk as the lone defendant facing claims that Tesla paid $2.6 billion for a worthless solar energy system installer, according to court documents. The $60 million settlement comes as a 10- day...

  • NEW YORK, Jan 29- Guidon Energy, an oil exploration and production company majority-owned by private equity firm Blackstone Group Inc, is exploring a sale that could value the Permian basin operator at more than $2.5 billion including debt, according to people familiar with the matter. Of the few deals consummated, most have been among producers focused on the...

  • NEW YORK, Jan 28- OxyContin maker Purdue Pharma LP is the unnamed company that surfaced in criminal charging documents filed earlier this week in a probe of illegal kickbacks from drugmakers, according to people familiar with the matter. Purdue Pharma, which faces U.S. Justice Department probes and sprawling litigation over allegations that it played a...

  • WASHINGTON, Jan 23- The number of Americans filing for unemployment benefits increased less than expected last week, suggesting the labor market continues to tighten even as job growth is slowing. "Employers are not cutting positions outside of the normal churn of the labor market and workers are incredibly confident in their job prospects, and not taking the...

  • "If the last decade has taught us anything, it's that technology built without these principles can do more harm than good," Chief Executive Satya Nadella said at a media event at Microsoft's headquarters in Redmond, Washington. The plan includes the creation of a " Climate Innovation Fund," which will invest $1 billion over the next four years to speed up the...