- The U.S. Treasury Department issues pension rules that open the door to companies coming up with lump sum payments, rather than annuities that are paid out monthly. The Obama administration had discouraged the lump sum payments, fearing that people could fall victim to scams and other activities(Fox Business)
- Dagsboro’s Council approves amendments that clear the way for the first microbrewery in the Sussex County community. Owners are hoping to open the establishment in October, after the tourist season.(Coastal Point)
- Downtown Wilmington’s Bardea and Lewes regional chef nominee Matthew Kern did not make the list of finalists for James Beard awards. Winners of the awards will be announced in May. (Delaware Business Times)
- E. Ralph Hostetter, a Maryland and Delaware entrepreneur, died this week at 97. Hostetter started his newspaper career as editor of the Cecil Whig in Elkton, bought the paper and went on to assemble a chain of dailies and weeklies that he later sold to Whitney family interests. He remained an advisor to the company. A world traveler, he also owned Ambassador Travel in Delaware. Services will be in his hometown of North East MD.
