Delaware Business Now
My take: Supersize my legal fees
Delaware Chancellor Kathleen McCormick was the talk of the corporate world when she ruled last month that Tesla CEO Elon Musk's $56 billion mammoth pay package resulted from overly close ties with hand-picked directors.
Chancery...
Chemours probe centers on delaying payments as way to boost cash flow targets tied...
The Audit Committee of the Board of Directors of The Chemours Co. issued an update on financial control issues that led to the CEO, CFO, and controller being placed on leave.
The review reported that...
Prelude opens new headquarters
Last month, industry and government dignitaries gathered to mark the opening of Prelude Therapeutics new headquarters and research lab at the Chestnut Run Innovation & Science Park near Wilmington.
Prelude Therapeutics founder and...
Business surveys show Delaware with mid-tier to near bottom rankings
A ranking from Eton Venture Services put Delaware 43rd in a comparison of "business deaths." Another ranking put the state in the middle of the pack based on a wider...
My Take: Saying bye-bye to Firefly
Good evening,
It didn't come as much of a surprise when the Firefly Music Festival confirmed on its website that it would not return in 2024.
Fans were left with a vague message saying that it...
Text of Carney’s final State of State address
Gov. John Carney delivered his last State of the State speech on Tuesday
In a reversal from the tradition of making the speech early in the legislative session, the State of the State was rescheduled...
Southern Chesco Chamber honors COPE Construction
The Southern Chester County Chamber of Commerce announced awards at its held Annual Meeting Breakfast at Hartefeld National Golf Club, Avondale.
The Chairman’s Award recipient was Doug Doerfler, WSFS Bank. In 2023, in...
Consumer Financial Protection Bureau orders cut in credit card late fees
The Consumer Financial Protection Bureau (CFPB) Tuesday announced a rule to cut credit card late fees.
The rule will curb fees that cost American families more than $14 billion a year, a...
Wilmington Lexus sold for second time in 3 months
The Lexus dealership in Wilmington has been sold again.
The Presidio Group LLC, a merchant banking firm announced it advised Asbury Automotive Group, Inc. of Duluth, GA, on the sale of the dealership in...
Amtrak adds Northeast Corridor trains after jump in post-Covid boardings
Amtrak has increased lower-priced Northeast Regional service, a mainstay at the Biden Wilmington Train Station. Northeast Regional trains also stop in Newark three times a day. The change will add options for Wilmington passengers...
Delaware DNA Life Science Conference coming in May
National life science industry leaders and the region’s new companies and research institutions will gather on May 9 for the second annual Delaware’s DNA: 2024 Life Science Conference.
Hosted by the Delaware BioScience Association (Delaware...
Public info session coming this month on plan to bring wind farm power lines...
A public information session for a proposed Delaware landfall site for wind power transmission lines has been scheduled.
The public engagement event will occur from 3 p.m. to 7 p.m. on Tuesday, March 12, at...
From Spotlight Delaware – Solar on stilts: UD to study how farmland, arrays can...
This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org
By Maddy Lauria Farmers and solar developers have increasingly been at odds as agricultural land has...
Wawa plans to open 70 new stores in 2024
In 2024, Wawa plans to open more than 70 new stores, including first stores in three new states of Alabama, Georgia, and North Carolina. Openings are coming in the Midwest in the coming years...
Media Update: CAMP Rehoboth takes note of guilty plea in fraud case; Spotlight Delaware...
CAMP Rehoboth Community Center disclosed that a plea a agreement was reached with the state Attorney General's Office over a financial fraud case involving a long-time staff member..
The center publishes the widely read...
DBN’s top stories in February
The possibility of converting an aging downtown Wilmington office building topped the list of Delaware Business Now stories in February
The possible conversion of the Delaware Avenue building that had been popular with law practices...
From Spotlight Delaware: Amtrak prepared to spend millions at controversial downtown Wilmington building
By Karl Baker, Senior Reporter This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org
Why should Delaware Care?Amtrak is a major employer in the Wilmington area,...
Boston Beer reports year-end results that include a write-down of Dogfish Head value
Dogfish Head owner Boston Beer reported a loss in the fourth quarter and a change at the top.
The company put an optimistic spin on the year-end results that included a "write-down" impairment charge for...
Harrington on Rite Aid closing list
A Rite Aid store in the Kent County town of Harrington is the latest on a closing list filed in U.S. Bankruptcy Court in New Jersey
The Kent County location was one of...
Delaware gas prices up slightly as national figures show heftier increase
Delaware gas prices rose a couple of pennies in the past week as the gap widened between national and state averages.
As of Monday, the First State average gas price was about 12 cents...
