Delaware Business Now
After DuPont fight, Peltz sets his sights on much larger GE
Trian Fund Management, L.P. has become a top ten shareholder of GE with the ownership of 98.5 million GE shares currently valued at approximately $2.5 billion. GE is now Trian’s largest investment, beating out...
Hunter Lott, III honored by Sweden for work on Kalmar Nyckel
King Carl XVI Gustaf of Sweden has appointed former Kalmar Nyckel Foundation (KNF) Board Chairman H. Hunter Lott, III, as a Knight of the Royal Order of the Polar Star in recognition of his...
Kullman to retire as CEO of DuPont
Ellen Kullman has opted to retire from the post of CEO DuPont as the company reduced its earnings guidance for the year and speeded up restructuring work.
Kullman, the company's first female CEO, announced that...
Riverfront Queen to sail for last time in Wilmington
The Wilmington riverfront is losing one of its attractions.
In a social media post, the Riverfront Queen announced its departure at the end of the season.
"After 8 great years, it comes with great sadness to announce...
DuPont opens TV display materials plant at Stine Haskell site
DuPont Displays has opened a manufacturing facility designed in Newark that deliver production scale quantities of advanced materials for Organic Light Emitting Diode (OLED) displays for use in TVs and other displays.
The materials are designed...
Free export seminar for small businesses slated for Tuesday
Let Ideas Compete / Foter / CC BY-NC-ND(From Global Delaware)
Delaware businesses and organizations can learn about the tools and resources available to help them export at “Ready-Set-Export!,” a seminar organized by the Small Business...
Dogfish Head rolling out distilled spirits in time for holidays
Dogfish Head Distilling Co. is expanding its distilling program this November. Dogfish Head’s new distillery is in the heart of its Milton site. Head Distiller is Graham Hamblett.
The distilling operation has two 500-gallon copper...
Shoe repair stores launch pink soles promotion to aid cancer fight
In October, you can save your soles and fight cancer. .“Repair with Pink” is an initiative launched by SRI Shoe Repair International and Fast Feet in Wilmington.
“We will donate 10 percent of the proceeds...
Detectives make two arrests at Seaford massage parlor
Delaware State Police detectives arrested two women at a Seaford area massage parlor after receiving citizen complaints of prostitution.
On Friday, detectives went to the Peaceful Wellness Spa located at 916 Middleford Road, Seaford....
(Video) Calpine, officials dedicate natural gas power plant in Dover
(In the above video, Gov. Jack Markell talks about the role of clean energy in the state).
Calpine has dedicated the Garrison Energy Center, a new 309-megawatt combined-cycle power plant at the Garrison Oak Technology...
Gilliam Fund established by Community Foundation
The James H. Gilliam Sr. Fund for Social Justice & Equity has been established at the Delaware Community Foundation to honor the late Jim Gilliam Sr., one of the original 19 DCF founders and...
Former teller supervisor pleads guilty to taking $150,000 from PNC bank vault in Greenville
Former bank teller supervisor Amanda Carey, age 28, of New Castle, Del., pleaded guilty Friday to embezzling more than $150,000 from a PNC Bank vault in Greenville, Del.
Carey, who will be sentenced on...
Law notes: Sept. 30, 2015
Chapman joins Potter Anderson
Potter Anderson & Corroon LLP (Potter Anderson) announced that William L. Chapman, Jr. has joined the firm as Chief Talent and Diversity Officer and Senior Counsel.
This newly created senior management position...
Capriotti’s franchisee to open seven of its own sandwich shops
A Capriotti's franchise member is going its own way with seven stores moving to a new sandwich brans.
Preferred Restaurant Brands reached a termination agreement with Capriott's last month and will rebrand the locations under the name...
Wayback Burgers moves toward stock offering
A burger restaurant that got its start in Delaware is headed for a public offering of stock.
Wayback Burgers got its start with a restaurant just outside Newark, known as Jake’s. After adding a number...
Delaware City refinery owner to buy Southern California property from Exxon Mobil
Delaware City refinery owner PBF Energy is heading to the West Coast, with the $535 million purchase of an Exxon Mobil property in Torrance, CA.
The California refinery has struggled with operating issues this year...
DuPont responds to safety board actions after Texas accident that claimed 4 lives
The U.S. Chemical Safety Board adopted an interim report aimed at corrected hazards that were blamed in the deaths of four workers at a DuPont insecticide plant in LaPorte, Texas late last year.
Nearly 24,000...
St. Francis Hospital pays back more than $4 million in Medicaid, Medicare funds
St. Francis Hospital, Wilmington settled more than $4 million in claims regarding billing Medicare and Medicaid for patients admitted into its inpatient rehabilitation unit between 2007 and 2010.
The U.S. government claimed admission was...
Threat from Hurricane Joaquin lessens as flooding hits coastal areas
Residents are asked to stay abreast of news as the threat of a direct hit from Hurricane Joaquin lessens. Meanwhile, coastal flooding remains a threat.
The forecast track of the hurricane shows the storm remaining...
Delaware ranks high in tax ‘fairness’
Source: WalletHub
A ratings firm ranked Delaware in the top five in terms of the fairness of its tax system.
Montana ranked first in tax fairness, while Washington ranked No. 50.
The ranking comes as Delaware wrestles with...
