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Newark, Delaware
Wednesday, October 18, 2017

DuPont reports lower earnings

DuPont reported lower earnings for 4th quarter and the year. Fourth quarter 2012 earnings per share from continuing operations, excluding significant items, was $.11 versus prior year earnings of $.26. Reported fourth quarter 2012 earnings...

State of the State Address focuses on the global economy

The following is the text of the annual address from Gov. Jack Markell: Lt. Governor Denn, members of the 147th General Assembly, other elected officials, members of the Judiciary, members of the Cabinet, our state...

For 16th time Gore makes list of best workplaces

W. L. Gore & Associates once again earned a spot on Fortune magazine's annual list of the 100 Best Companies to Work for in America. The company is ranked No. 21. It marked  Gore's...

3,000 pounds of sulfur dioxide released at Del. City Refinery

The Delaware Department of Natural Resources and Environmental Control reported the release of 3,000 pounds of sulfur dioxide into the atmosphere at the Delaware City Refinery, owned by PBF Energy. The release took place at...

Spirit Airlines adding seasonal service to Myrtle Beach

Starting April 25, Spirit Airlines is adding daily nonstop seasonal service from Baltimore/Washington and Philadelphia International  to Myrtle Beach.  Last year, Spirit announced service to Dallas-Fort Worth from Philadelphia, beginning in spring 2013. The airline is...

Avis Budget to buy Zipcar for $500 million

Avis Budget Group Inc. is buying U.S. car-sharing company Zipcar Inc. for about $500 million in cash. Zipcar has a rental operation in Newark that serves the University of Delaware community. The $12.25 per share offer...

Calpine sells South Carolina power plant

Calpine Corp. completed the sale of the Broad River Energy Center to Broad River Power LLC, an affiliate of Energy Capital Partners LLC, for $427 million plus adjustments, or approximately $504 per kilowatt. Calpine...

BGC Partners acquires commercial real estate broker Smith Mack

BGC Partners, Inc. has acquired Smith Mack, a regional commercial real estate services company in the region. Smith Mack, has been a partner of BGC’s  Newmark Grubb Knight Frank (NGKF) since 2009. Financial details of...

Chesapeake aids Food Bank

Chesapeake Utilities aided the Food Bank of Delaware last month. The company and the Food Bank of Delaware  provided food and supplies to Delaware families facing hardship this holiday season. Chesapeake employees and family...

Drug developer Incyte seeks $11.1 million in state assistance

Drug developer Incyte Corp. is seeking $11.1 million in state assistance as Delaware works to hold on to a growing company. The request for Incyte Corporation includes $10,070,505 performance grant and a $1,050,000 capital expenditure...