China Petrochemical Corp.’s takeover of Daylight Energy Ltd. shows how the oil industry’s biggest selloff since 2008 is transforming companies from Talisman Energy Inc. to Newfield Exploration Co. into potential targets.
Chelsea Therapeutics International Ltd. surged the most in almost seven years after the company’s drug to treat a condition that can cause dizziness in people with central nervous system disorders won the backing of a U.S. advisory panel.
Chelsea Therapeutics International Ltd.’s drug to treat a condition that can cause dizziness in people with nervous system disorders may be unsafe and shouldn’t be approved, U.S. regulators said. The company’s shares fell.
Chelsea Therapeutics International Ltd. plunged the most in about three years after U.S. regulators said a new trial may be needed for Northera, a drug for dizziness and fainting that would be its first marketed product.
Exxon Mobil Corp. , the world’s largest oil company, said its plan to drill a deep-water oil well in the Gulf of Mexico called Hadrian has been delayed by a U.S. moratorium on offshore drilling permits.