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Monday, May 20, 2019

Delmarva Power parent Exelon wins 3 workplace diversity honors

Exelon’s efforts to hire, retain and promote employees from a variety of backgrounds and to create an inclusive culture have secured the company three separate honors in 2019, including 24th place on DiversityInc’s list...

Delaware’s great recession and great reshuffling

Good afternoon, An entity known as the Economic Innovation Group continues to look into the shifts we have seen in the Delaware economy since 2007. Their study of distressed areas aptly describes this painful period that...

Fanandakis retiring after playing key role in DowDuPont separation

DowDuPont announced that longtime executive  Nicholas C. (Nick) Fanandakis will retire as Executive Vice President effective July 31. Fanandakis is a 40-year DuPont veteran, who served as the company’s CFO through 2017, when E.I. du Pont...

DuPont enhances parental leave policy

DuPont announced a new parental leave policy that offers four weeks of paid leave for new parents, including adoptive and same-sex parents. For birth mothers, the four paid weeks are in addition to an enhanced...

Delaware Prosperity Partnership headed to The Mill Space in early fall

Come fall, The Mill   Space  in downtown Wilmington will be the home of the Delaware Prosperity Partnership this fall. The public-private economic development partnership is currently located in One Commerce Center a few blocks away...

Calagiones, Thomas Draper, Calvert Morgan named business Hall of Fame inductees

The Leadership Council of Junior Achievement of Delaware announced the 2019 Slate of Delaware Business Leaders Hall of Fame inductees, who will be honored at ceremonies on Wednesday, Oct.  2 at the  Wilmington Country...

DowDuPont board formally okays Corteva ag business spinoff

DowDuPont announced that its board has approved the previously announced separation of DowDuPont’s Agriculture Division, which will become Corteva Agriscience on June 1. The  DowDuPont Board of Directors declared a pro rata dividend of all of the...

DowDuPont, Chemours still have their ups and downs

Good afternoon, Two companies with close ties to the overall performance of the U.S.  economy reported financial results last week. Chemours and DowDuPont reported weaker results in keeping with previous guidance from the two companies. DowDuPont is...

Chemours earnings decline as titanium market softens & start-up costs put dent in...

The Chemours Company, Wilmington, reported lower earnings and revenues  in the first quarter. "Our results in Q1 were consistent with our expectations for a slower start to 2019," said Chemours CEO Mark Vergnano. "Our performance...

Navient settles with Canyon over board slate

Navient Corporation and Canyon Partners, LLC  announced an agreement that will lead to the company adding to the board  Marjorie Bowen and Larry Klane.  Bowen is a former investment banker and  Klane is a financial...