Top News & Analysis Delaware

  • 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...

  • CHICAGO, April 29- Boeing Co CEO and Chairman Dennis Muilenburg emerged with his job intact at an annual meeting on Monday and promised to win back the public's trust after facing tough questions in the wake of two fatal crashes of the 737 MAX plane. The family of one American victim, 24- year-old Samya Stumo, staged a silent protest outside the meeting site in...

  • CHICAGO, April 29- Boeing Co CEO Dennis Muilenburg emerged with his job intact at an annual meeting on Monday and promised to win back the public's trust after facing tough questions in the wake of two fatal crashes of the 737 MAX plane. The family of one American victim, 24- year-old Samya Stumo, staged a silent protest outside the meeting site in Chicago, while the...

  • The S&P has risen 17 percent so far this year, with help from a dovish Federal Reserve and hopes of a U.S.- China trade resolution as well as the upbeat start to the first-quarter earnings season. "Part of what's pushing the S&P up is a general belief it will make a new high," said Rick Meckler of Cherry Lane Investments, a family investment office in New Vernon, New...

  • The Chapter 11 filing affords "finality" for WMC, given its limited cash-- $175,000-- and support from GE, and the threat of further claims, WMC Chief Executive Mark Asdourian said in a filing with the U.S. bankruptcy court in Wilmington, Delaware. WMC was bought by General Electric's GE Capital unit in 2004, and originated more than $65 billion of mortgage loans from...

  • FCC officials said approval could have boosted Chinese intelligence gathering efforts. China Mobile USA, which filed the application, is a Delaware corporation that is indirectly and ultimately owned and controlled by the Chinese government, the FCC said. In 2011, China Mobile sought FCC approval to provide international facilities-based and resale...

  • *Airbnb had intended to remove entries from West Bank settlements. JERUSALEM, April 10- Airbnb's decision not to go ahead with excluding Jewish settlements in the West Bank from its accommodation listings Palestinian condemnation on Wednesday and accusations that it was helping to perpetuate Israeli occupation. Heeding calls from Palestinians who want...

  • JERUSALEM/NEW YORK, April 9- Airbnb said on Tuesday it would not implement a planned delisting of Israeli settlements in the occupied West Bank and would donate proceeds from any bookings in the territory to international humanitarian aid organizations. Heeding calls from Palestinians who want the West Bank for a future state, Airbnb had said in November it...

  • WILMINGTON, Del., April 1- Travis Kalanick, the co-founder of ride-hailing company Uber, and the company's directors won the dismissal of an investor lawsuit that sought to hold them liable for a fight over trade secrets that slowed Uber's push into autonomous vehicles. The lawsuit by California investor Lenza McElrath sought to pin damages on Kalanick and...