Top News & Analysis Delaware

  • A woman shields herself from rain and wind with an umbrella as she walks along the Hudson River in front of the skyline of New York City, as Tropical Storm Fay was expected to sweep across the heavily populated northeastern United States as seen from Hoboken, New Jersey, U.S., July 10, 2020.

    It made landfall on Friday near Atlantic City, New Jersey, with heavy rainfall and gusty winds, according to an earlier bulletin issued by the NHC.

  • Florida, Fort Myers, Publix, supermarket Gift Card Display.

    Companies sell gift cards to build brand loyalty and drive foot traffic. And as a bonus, shoppers generally end up spending more than the amount on the card. But, for some reason, about $3 billion in gift card cash goes unspent every year.

  • Gov. Andrew Cuomo said Friday New York state will reopen its beaches, including local beaches and lakeshores, for Memorial Day weekend in coordination with New Jersey, Connecticut and Delaware.

  • CNBC's Kelly Evans discusses craft beer amid the pandemic with Jim Koch, chairman of the Boston Beer Company, and Sam Calagione of Dogfish Head Brewery.

  • Connecticut Governor Ned Lamont takes part in a regional cannabis and vaping summit in New York City, New York, U.S., October 17, 2019.

    Connecticut is working with New York, New Jersey, Rhode Island, Delaware, Pennsylvania and Massachusetts on a coordinated effort to reopen their state economies. Connecticut Governor Ned Lamont joins "Squawk Box" to discuss the process and what a return to normal may look like.

  • March 11- PBF Energy said a fire that occurred at one operating unit at its Delaware City, Delaware, refinery on Wednesday has been extinguished and two employees are being treated for injuries. The refinery was expected to shut its alkylation unit in February- March 2020 for maintenance, according to a source familiar with the plant's operations.

  • March 11- A fire that occurred at one of the operating units of PBF Energy's 182,200 barrel-per-day Delaware City, Delaware, refinery on Wednesday has been extinguished, according to the company's community information line. According to energy intelligence service Genscape, the fire is believed to have occurred at the refinery's alkylation unit.

  • Crude prices suffered their biggest one-day rout since the 1991 Gulf War on Monday as top producers Saudi Arabia and Russia vowed to raise production even as the coronavirus outbreak slows demand, threatening to overwhelm oil markets with supply. "In response to the recent commodity price volatility from simultaneous supply and demand shocks, we're taking...

  • Crude prices suffered their biggest one-day rout since the 1991 Gulf War on Monday, as top oil producers Saudi Arabia and Russia began a price war that threatens to overwhelm global oil markets with supply. Marathon said it was reducing its 2020 capital to $1.9 billion, $500 million less than its 2019 spending. "In response to the recent commodity price...

  • 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...