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Valero Energy Corporation will shutter the Delaware City refinery, affecting 550 workers.

More Business/Finance

  • AOL to lay off a third of staff
  • NEW YORK - November 19, 2009 - The struggling Internet company AOL plans to shed up to 2,500 jobs - more than a third of its work force - as it prepares to separate from Time Warner and finally sever their ill-fated marriage.
  • Top safety picks named
  • WASHINGTON (AP) - November 18, 2009 - Ford, Subaru and Volkswagen lead the insurance industry's annual list of the safest new vehicles.
  • Auction of Philly newspaper company put on hold
  • PHILADELPHIA (AP) - November 18, 2009 - A bankruptcy auction of the company that publishes The Philadelphia Inquirer and Philadelphia Daily News has been postponed while creditors appeal a key ruling.
  • Ford Fusion named Motor Trend car of the year
  • DETROIT, MICHIGAN - November 18, 2009 - It is yet another accolade for Ford's midsize sedan.
  • Airlines boost peak-day surcharges
  • DALLAS (AP) - November 17, 2009 - It could cost you even more to travel next spring and summer.
  • Rep. says gov't didn't force BofA, Merrill deal
  • WASHINGTON - November 17, 2009 - A senior House Democrat says the government didn't force Bank of America to take over Merrill Lynch.
  • Target profit climbs 18 pct on lower costs
  • CHICAGO - November 17, 2009 - Target's profit climbed more than 18 percent up in the third quarter as the discount department store chain cut costs and amped up its fight with rival Wal-Mart Stores Inc.
  • FedEx launches sensor device for packages
  • NEW YORK - November 17, 2009 - FedEx is introducing a new device that can track the temperature, light exposure and location of a package at any point in its journey.
  • IRS settles with 14,700 over foreign accounts
  • MIAMI - November 17, 2009 - The Internal Revenue Service says more than 14,700 U.S. taxpayers with offshore accounts in 70 foreign countries have come forward to settle their tax debts.
  • GM reports $1.2B 3Q loss, says it shows progress
  • DETROIT - November 16, 2009 - General Motors Co. said Monday it lost $1.2 billion from the time it left bankruptcy protection through Sept. 30, far better than it has reported in previous quarters and a sign that the auto giant is starting to turn around its business.
  • Wholesale inflation up less than expected
  • WASHINGTON - November 17, 2009 - Wholesale prices rose less than expected in October as a weak economy keeps inflation pressures largely in check.
  • Retail sales rise 1.4 percent in October
  • WASHINGTON - November 16, 2009 - Retail sales rose more than expected in October.
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