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Tuesday, August 22, 2017

Delmarva Power seeks natural gas, electric rate hike

Delmarva Power has filed requests with the Delaware Public Service Commission for approval to recover $24.4 million in electric investments and $12.9 million in natural gas spending. Based on these requests, a typical electric residential...

Siemens opens locomotive technology site in New Castle

Siemens opened a new  Locomotive Service facility in New Castle  that will operate as the company’s digital service, supply chain, and technical field training hub. The 44,000 square-foot New  facility will combine Siemens’  digital...

DowDuPont merger to close on Aug. 31

With all regulatory barriers out of the way, DuPont and  Dow Chemical Company announced Friday that their merger will close after the market closes on August 31. Shares of Dow and DuPont will cease trading...

Chemours’ earnings soar in second quarter

Chemours reported strong earnings in the second quarter. Second quarter net sales were $1.6 billion, an increase of 15 percent from $1.4 billion in the prior-year quarter. Shares of the company continued to trade in record territory at...

Incyte posts loss for quarter, but sees strong sales for blockbuster drug Jakafi

Incyte Corporation, Wilmington,  posted a loss in the second quarter, but offered upbeat news on its drug pipeline as sales of its blockbuster Jakafi are poisted to move past the $1 billion mark.   “Revenue...

Settlement with DuPont allocates $42.5 million to Virginia river area

A federal judge approved a consent decree over mercury contamination linked to a DuPont plant in Waynesboro, VA. Waynesboro is in the  Shenandoah Valley. The company issued the following statement: “Now that the Waynesboro Natural...

AstraZeneca could get $8.5 billion from cancer drug development deal with Merck

AstraZeneca and Merck & Co., Inc entered a  cancer collaboration to co-develop and bring to mark  AstraZeneca’s Lynparza (olaparib) for multiple cancer types.  As part of the agreement, Merck will pay AstraZeneca up to $8.5  billion,  including...

DuPont’s second quarter earnings beat estimates

In what  may  be its last earnings report, DuPont reported second quarter net income from continuing operations of $0.97 per share and operating earnings  of $1.38 per share. The earnings are based on generally accepted accounting...

DuPont Country Club officially on the sales block

The DuPont Country Club has been publicly listed for sale by international real estate broker CBRE. The club was headed for  salea   as the company worked to cut costs by selling the Hotel duPont property...

ILC Dover part of White House Made in America event

ILC Dover, Frederica, was one of 50  companies featured in a  Made in America event at the White House. Showcased was the company’s spacesuit as well as its isolator used in pharmaceutical production. ILC, which is...