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Express keeps Delaware stores open after filing for Chapter 11

No Express stores are closing in Delaware following a Chapter 11 bankruptcy filing in Delaware. The company announced that a consortium that includes WHP Global and participants, including a wholly owned indirect subsidiary of Simon Property Group and Brookfield Properties, may buy a substantial majority of the company’s retail stores and operations. Express has a store in Christiana Mall...

My take: Earth Day and today

Good evening, Today is Earth Day, and for some, it has become a curious artifact of the "hippy-dippy" era of the 1960s and '70s. Earth Day did have its roots in the counterculture and the antiwar movement of the 1960s.  Wisconsin U.S. Sen. Gaylord Nelson believed the passion he witnessed in the antiwar movement could be used to address a nation struggling with...

Hearing scheduled this week on bill aimed at advancing offshore wind

A hearing is slated for Wednesday on a bill that would set the stage for Delaware acquiring electricity from offshore wind farms. The hearing by the Senate Environment, Energy & Transportation Committee is scheduled for 1 p.m. The bill, sponsored by State Sen. Stephanie Hansen, D-Middletown, authorizes the State Energy Office, with the approval of the Public Service Commission...

Wawa headed to Sheetz heartland in central PA

Wawa recently previewed its expansion plans in central Pennsylvania and announced the start of construction of its first store in Middletown, a community in the Harrisburg area. Wawa will open stores in Middletown, York, Dover, Williamsport, Hanover, and Enola in late 2024. Wawa continues to acquire sites in Central Pennsylvania and is currently working on having up to...

From Spotlight Delaware – In governor’s race money pours in from personal accounts of 3 candidates

By Karl Baker This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org  The three-way race to become Delaware’s Democratic candidate for governor is gearing up to be among the most expensive and competitive in recent history. Much of the money is flowing from the candidates’ personal bank accounts.  In December, Collin O’Mara,...

Personnel file: April 21, 2024

Send your personnel news items to drainey@delawarebusinessnow.com Chesapeake  names investor relations chief Chesapeake Utilities Corporation announced that Lucia Dempsey has joined the Company as head of investor relations. Dempsey will be responsible for communicating to the investment community Chesapeake Utilities’ strategy. Dempsey has investor relations and investment banking experience in the finance and energy industries. Most recently, she was head of investor relations at...

Biden back in northern Delaware after Rehoboth visit was cut short

After a trip to Rehoboth Beach was cut short, President Joe Biden will spend this weekend at his home near Greenville. Airspace restrictions are in place through Monday, with the President arriving at the National Guard Base at Wilmington-New Castle Airport at 6 p.m. on Friday. Last weekend's trip was cut short when news of an imminent attack by Iran on...

Gas price jump shows signs of slowing

Delaware's gas price rose at a rate higher than the national average during the past week. The price at the pump in Delaware has risen by more than 20 cents a gallon from a month ago and is approaching the figure from a year ago. AAA reported that lackluster domestic demand for gasoline paired with decreasing crude oil...

Fire protection fee bill passes House

A bill allowing counties to tax properties to pay for fire protection cleared the Delaware House this week by a near-unanimous vote. The bill, sponsored by State Rep. Paul Baumbach, D-Newark, has co-sponsors from both parties. The legislation would allow counties to levy a fire protection fee, which would be distributed to the county's fire and ambulance companies. The fee would be...

Preston breaks ground on Millsboro Ford dealership

The Preston Automotive Group announced the start of construction on a new Ford-Lincoln dealership in Millsboro. Preston purchased the two Boulevard dealerships a decade ago and retained the name. The other Boulevard location is near Lewes. The new Boulevard Ford and Lincoln dealerships will share property with the current Preston Chrysler Dodge Jeep Ram store. Preston's Boulevard Ford currently operates a Ford dealership...

Quarterback Joe Flacco to give University of Delaware commencement address

Joe Flacco, NFL quarterback, Super Bowl MVP, 2008 University of Delaware graduate and part owner of a Middletown golf course, will deliver the 2024 Commencement address on Saturday, May 25. Flacco, who led the Baltimore Ravens to a Super Bowl victory, added another noteworthy chapter to his career during a brief stint at the Cleveland Browns, where he led the...

Maryland dealership group acquires Matt Slap Subaru

A Maryland-based dealership group has acquired Matt Slap Subaru on Newark's Cleveland Avenue auto row. Ourisman Automotive Group announced the purchase on its LinkedIn Page and covered over Matt Slap signage as part of the ownership change. The company is based in Bowie, MD. Terms were not disclosed. The dealership is now known as Ourisman Tri-State Subau. Ourisman also has a...

Vehicle towing regulation bill stuck in committee

Legislation that would further regulate towing on public and private property in the state is stuck in committee. House Bill 351 would govern several controversial practices, such as towing a car away even if its owner is at the property, setting maximum fees for storing vehicles, accepting credit cards and allowing those unable to pay the towing...

After Chancellor’s ruling, Tesla shareholders will be asked whether Musk should get $56 billion pay package

CNBC and other sites reported today that Tesla will ask shareholders to approve a $56 billion pay package for celebrity CEO Elon Musk. Earlier this year, Delaware Chancellor Kathleen McCormick ruled in a shareholder suit that the previously granted package was granted by a board with too many conflicting and profitable ties to Musk. The pay package is tens of...

La Plaza announces Sunday small business expo

La Plaza Delaware is holding a free Spring into Summer Small Business Expo in Lewes.  The event from 1 p.m. to 6 p.m. on Sunday, April 21 at Cape Henlopen High School in the Lewes area will feature home and garden services, as well as cleaning services, caterers and party-supply companies, said Mary Dupont, executive director...

Incyte announces skin disease drug venture with Chinese company

Incyte and China Medical System Holdings Limited reached an agreement whereby Incyte and CMS, through a wholly-owned dermatology medical aesthetic subsidiary of CMS (CMS Skinhealth), for the development and commercialization of povorcitinib. The agreement calls for research, development, registration, and commercialization of the product in Mainland China, Hong Kong, Macao, Taiwan Region, and eleven Southeast Asian countries, and receive ...

Highway Safety office announces distracted driving enforcement effort in April

The Delaware Office of Highway Safety (OHS) is partnering with local and state law enforcement agencies across Delaware to conduct high-visibility enforcement during April, designated as National Distracted Driving Awareness Month. Distracted driving crashes are often underreported because it is often difficult to determine the behavior that caused the accident, especially if the driver is not forthcoming. People traveling on sales...

Energize Delaware’s commercial property clean energy program gets boost

Energize Delaware, administrator for the Commercial Property Assessed Clean Energy Program (D-PACE,) has increased the total eligible construction costs from 20 to 30 percent as a way to ease the impact of increased borrowing costs. Last year, four financing deals totaling more than $27 million were closed. In addition, there was renewed interest in future projects. Still, increased borrowing costs...

Avelo notes: Passenger boardings in Wilmington; UConn championship fare promotion

The Patreon website recently reported that Avelo Airlines filled 67% of available seats from Wilmington (ILG) on January flights. The percentage of filled seats was among the highest among Avelo destinations and was above the airline's so-so system-wide figure. Although it has raised introductory fares, Avelo has kept its jets more than half full. The airline offers flash sales...

Former UD President David Roselle, 84

Former University of Kentucky and University of Delaware President David Roselle has passed away at age 84, according to media reports.. After leaving Kentucky, Roselle took the helm at UD during a period of growth. He was credited with boosting the national profile of UD, bring in a team of seasoned educators in leadership posts to improve its...