Top News & Analysis Delaware

  • Aug 6- Devon Energy Corp raised its full-year oil output forecast and beat estimates for quarterly profit on Tuesday, as the U.S. oil and gas producer drilled more in Delaware basin and sold it at higher prices while keeping a tight lid on expenses. Its output from the Delaware basin in the oil-rich Permian field surged 58% to 120,000 barrels of oil equivalent per...

  • Aug 6- U.S. oil and gas producer Devon Energy Corp beat quarterly profit estimates on Tuesday, helped by lower expenses and higher output from its Delaware basin assets, and raised its full-year oil production forecast. Output from the Delaware basin in the oil-rich Permian field surged 58% to 120,000 barrels of oil equivalent per day in the second quarter, while...

  • In a 3-0 decision, the 3rd U.S. Circuit Court of Appeals in Philadelphia said it could not tell whether the $5.5 million settlement was fair, reasonable and adequate, and said a lower court judge should revisit the case. District Judge Sue Robinson in Delaware called for Google to stop using cookies for Safari browsers, and pay the $5.5 million mainly to the...

  • *Charles River says more scrutiny needed of new method. ZURICH, Aug 1- If you've received a vaccination, hip replacement or chemotherapy without suffering toxic shock, chances are you've benefited from a vast bloodletting of horseshoe crabs. Every year, fishermen net hundreds of thousands of the creatures off the U.S. East Coast and in Asia before their prized...

  • Construction of new oil and gas pipelines in the United States has failed to keep pace with output, which has more than doubled over the past three years in the country that is now the world's largest oil producer. Whiting, which expects the infrastructure constraints to continue through the year, said it had cut about 254 positions and expects to save about $50...

  • Adjusted net income fell to $139 million, or 69 cents per share, in the second quarter ended June 30, from $185 million, or $1.24 per share, a year earlier. Concho, which operates in the Delaware and Midland basins of the prolific Permian shale field, said total production rose to 328,681 barrels of oil equivalent per day from 228,958 boepd a year earlier.

  • July 29- A U.S. federal appeals court on Monday rejected an appeal by Venezuela's state-owned oil company to set aside an order allowing a Canadian gold mining company to seize shares in its U.S. refining unit, Citgo Petroleum Corp. Crystallex International Corp had won the $1.4 billion judgment as compensation for the expropriation of its assets in Venezuela...

  • *Mylan CEO Heather Bresch to retire. The combined company, which will get a new name, is expected to have 2020 revenue of $19 billion to $20 billion, with free cash flow expected to be more than $4 billion. The new company, to be based in the United States and incorporated in Delaware, will be led by Michael Goettler, president of Pfizer's Upjohn unit, which sells Pfizer's...

  • *Mylan CEO Heather Bresch to retire. The combined company, which will get a new name, is expected to have 2020 revenue of $19 billion to $20 billion, with free cash flow expected to be more than $4 billion. The new company, to be based in the United States and incorporated in Delaware, will be led by Michael Goettler, president of Pfizer's Upjohn unit, which sells Pfizer's...

  • *Mylan CEO Heather Bresch to retire. The combined company, which will get a new name, is expected to have 2020 revenue of $19 billion to $20 billion, with free cash flow expected to be more than $4 billion. The new company, to be based in the United States and incorporated in Delaware, will be led by Michael Goettler, president of Pfizer's Upjohn unit, which sells Pfizer's...

  • *MYLAN NV- UPJOHN WILL ISSUE $12 BILLION OF DEBT AT OR PRIOR TO SEPARATION, WITH GROSS DEBT PROCEEDS RETAINED BY PFIZER. *MYLAN NV- NEW COMPANY WILL HAVE APPROXIMATELY $24.5 BILLION OF TOTAL DEBT OUTSTANDING AT CLOSING. *MYLAN NV- NEW COMPANY WILL OPERATE GLOBAL CENTERS IN PITTSBURGH, PENNSYLVANIA; SHANGHAI, CHINA, AND HYDERABAD, INDIA.

  • NEW YORK, July 23- A bank dropped its objection on Tuesday to Philadelphia Energy Solutions Inc's initial bankruptcy requests after the two sides struck an agreement over the terms of new financing. ICBC Standard Bank Plc, which finalized an intermediation agreement to buy PES's crude and refined products last month, initially objected to the terms of the...

  • July 22- The Trump administration said on Monday it will expand and speed up deportations of migrants who enter the United States illegally by stripping away court oversight, enabling officials to remove people in days rather than months or years. Set to be published in the Federal Register on Tuesday, the rule will apply "expedited removal" to the majority of...

  • July 22- The Trump administration said on Monday it will expand and speed up deportations of migrants who enter the United States illegally by stripping away court oversight, enabling officials to remove people in days rather than months or years. Set to be published in the Federal Register on Tuesday, the rule will apply "expedited removal" to the majority of...

  • July 22- The U.S. Department of Homeland Security said on Monday it will order more speedy deportations of immigrants who crossed illegally and are caught anywhere in the United States, expanding a program typically applied only along the southern border with Mexico. President Donald Trump has struggled to stem an increase of mostly Central American...

  • WILMINGTON, Del., July 19- A Delaware judge ruled against hedge funds on Friday that tried to get more cash out of Newell Brands Inc's 2016 acquisition of consumer goods company Jarden Corp, the latest setback for a once-popular investment strategy known as appraisal. Vice Chancellor Joseph Slights of the Court of Chancery found that the fair value of Jarden...

  • WASHINGTON, July 18- The number of Americans filing applications for unemployment benefits increased moderately last week, pointing to still strong labor market conditions despite signs that economic activity was slowing. Initial claims for state unemployment benefits rose 8,000 to a seasonally adjusted 216,000 for the week ended July 13, the Labor...

  • Fans celebrate after making bets through FanDuel Sportsbook during Super Bowl LIII in East Rutherford, New Jersey, on Feb. 3, 2019.

    Within five years as many as 40 U.S. states may legalize sports gambling, and by next year roughly 50% of the U.S. population may have access to betting on games. A 2018 Supreme Court decision opened the challenge to Vegas. New Jersey is gaining.

  • Wooden Delaware State flag

    The first state to ratify the Constitution cannot match that No. 1 distinction in most measures of competitiveness.

  • WILMINGTON, Del., July 8- Chief Justice of the Delaware Supreme Court Leo Strine will retire in the next few months, Governor John Carney announced on Monday, a leadership change in the court system that decides disputes for more than two-thirds of Fortune 500 companies. Delaware is one of the smallest U.S. states by land area, but more than two-thirds of Fortune 500...