Advertisement

Delaware Business Now

18075 POSTS60 COMMENTS
Posts labeled Special to Delaware Business Now are typically submitted items that are updated and sometimes rewritten in news style. Background information is sometimes added.

Diagnostic imaging service to pilot mammography service based at Milford Walmart

RadNet, Inc., a national outpatient diagnostic imaging service, announced it will pilot MammogramNow, a screening mammography service that is set to debut at the Walmart Supercenter in Milford, on Dec. 8th. The initiative aims to enhance breast health awareness and accessibility, including the integration of DeepHealth  technology, into the Walmart Supercenter....

Appeals Court upholds grid operator PJM’s decision on renewables and state incentives

The  United States Court of Appeals for the Third Circuit in Philadelphia upheld a ruling from the Federal Energy Regulatory Commission that retains  rules by grid operator PJM. The  legal battle stemmed over fossil fuel power plant operators claiming the rules  made their plants uncompetitive with renewable solar and wind projects  getting state incentives. Caroline Reiser senior staff attorney at the Natural Resources Defense Council, said the decision “eliminates...

Friends opting for remodeled lower school after Incyte’s $50 million land deal falls through

Wilmington Friends School will shelve plans for a combined upper and lower school after pharma company Incyte dropped plans to purchase the lower school for an expansion project. The proposal had run into fierce opposition from neighbors and later by nearby civic assocations. In a letter to the Friends Community, Trustees Clerk David Tennent and Head of School Ken...

AstraZeneca cancels trials for drug that lowers potassium levels

AstraZeneca has decided to discontinue the two late-stage trials for a drug designed to lower potassium levels for those suffering from a chronic disease known as hyperkaelemia The company cited "substantially increased enrollment timelines and low event rates, respectively, which made it prohibitive to deliver study results within a timeframe to meaningfully advance clinical practice." The trials are part...

Personnel file: Dec. 6, 2023

Del-One credit union names interim CEO The Del-One Board of Directors announced the selection of Dan McCarthy as Interim President & CEO.  Dan joined Del-One as Chief Human Resources Officer in 2019 and was promoted to Chief Administrative Officer in 2020.  As Interim President & CEO, Dan will be responsible for leading the credit union, which has 81,000 members and a staff of...

Delaware Electric Cooperative returns $5 million in capital credits

Delaware Electric Cooperative’s (DEC) board of directors voted to return more than $5 million in capital credits to the Cooperative’s members in December. DEC expects to distribute checks or billing credits to more than 75,000 members this holiday season. Capital credit refunds are the co-op’s profits, or margins. Because DEC is a not-for-profit utility, margins are returned to members. Members...

My take: A common-sense zero emissions plan

DNREC and Secretary Shawn Garvin threaded the needle and developed a sensible zero-emissions vehicle plan. The revised rules put plug-in hybrid vehicles on equal footing with battery-electrics (EVs) and abandon the controversial California 2035 mandate that required 80% of all vehicles sold in 2035 to be battery-electrics, with the remainder made up of plug-ins.  Critics cited current challenges such as a lack...

Chesapeake focuses on regulated holdings with purchase of Florida City Gas

Dover-based Chesapeake Utilities Corporation completed of the acquisition of Florida City Gas, which is now a wholly-owned subsidiary of the company. This $900 million-plus transaction represents an expansion of Chesapeake Utilities' footprint in a high-growth market in five of the top 10 most populous counties in the Sunshine State. It will double Chesapeake Utilities' customer...

Former DNREC chief O’Mara weighs bid for governor

The Democratic primary race for Delaware governor could see a new face. Collin O’Mara, former Secretary of Natural Resources and Environmental Control and current CEO of the National Wildlife Federation, filed a campaign committee with the State Elections Commission to explore a run for governor in the 2024 primary. O'Mara and his family reside in Bear. A release said O'Mara...

Travel note: Alaska Air to acquire Hawaiian Airlines parent in $1.9 billion deal

Alaska Air Group, Inc. and Hawaiian Holdings, Inc. have agreed to Alaska Airlines acquiring Hawaiian Airlines for $18 a share in cash, with a transaction value of approximately $1.9 billion, including debt. Alaska offers a daily nonstop flight to and from Philadelphia and Baltimore-Washington. American also offers a nonstop flight to and from Philadelphia. Hawaiian has Honolulu service...

Update: Fun City springing into former Kmart store in Bear

A New Jersey trampoline/amusement center is coming to the former Kmart site off Route 40 in Bear. A coming soon sign for Fun City Adventure Park was recently added. Fun City operates a site in Blackwood, NJ, with another in the works in Millville, NJ, about an hour's drive from Bear. According to a past release, the company currently operates 20 locations...

Doubletree in downtown Wilmington on auction block

The 217-room DoubleTree by Hilton hotel in downtown Wilmington is headed to the auction block. 10-X is handling the auction later this month in partnership with the commercial real estate firm CBRE. The minimum bid is $3.5 million for the hotel, which remains open, but has kept a low profile in the local lodging scene. Rates start at...

Utility acquires Salem, NJ water, sewer system

New Jersey American Water  signed an agreement to acquire the water and sewer system of the City of Salem, N.J. for $18 million. This municipally owned system serves more than 2,300 customers. The agreement follows a voter referendum that took place on November 7, which passed with over 60 percent of the voters approving the sale of the system. Salem is a 16-mile...

Business Now’s top stories in November

The list of the November stories on the Delaware Business Now website was topped by a post on a restaurant fire at the Maryland river-bay town of Port Deposit.  Coming in second was Avelo Airlines making seasonal changes to its Wilmington Airport schedule that were influenced by scheduled maintenance on one of the two Boeing 737 jets based at the...

Incyte drops plan to buy Wilmington Friends School property for $50 million

A long-running legal battle between neighbors and Incyte may be over, with the pharma company writing off $5.6 million over the planned purchase of a portion of the Wilmington Friends School site. In regulatory filings, Incyte stated the following: "October 2019, we entered into an agreement with Wilmington Friends School Inc., to purchase property for $50.0 million, subject to certain...
Advertisement