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Wednesday, February 24, 2021
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Exelon to spin off utility and generation holdings into separate companies

Exelon Corporation, the parent company of Delmarva Power, plans to separate its utility and power generation business into two publicly traded companies. Delmarva Power will be a part of the utility company that also includes...
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Delmarva’s electric outages match company’s record low in 2019

Delmarva Power reported improvements in the reliability of its energy service. The frequency of power outages matched the company’s record performance in 2019, a nine percent decrease from the previous low set in 2018. Over the...
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Chemours reports higher earnings in 2020

Chemours Company, Wilmington, reported higher net income in 2020. Sales declined as the company felt the effects of the Covid-19 pandemic. Highlights Net Sales of $5  billion Net Income of $219 million with earnings per...
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IKO closing Edgemoor roofing shingle manufacturing site

Purchase of Chemours/DuPont site took expansion option off the table. An IKO shingle plant in Edgemoor overcame age and size barriers over the past couple of decades. But time ran out early this year. The building...
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Trials show AstraZeneca vaccine to be effective, even with 1 dose

An analysis of Phase III clinical trials from the UK, Brazil, and South Africa confirmed that Covid-19  Vaccine AstraZeneca effectively prevents Covid-19, even with one dose. The trials also showed that a second dose could...
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AstraZeneca selling stake in D.C. area biotech company

AstraZeneca has agreed to divest its 26.7 percent ownership in Viela Bio, Inc. as part of the proposed acquisition of Viela by Horizon Therapeutics plc. Viela is a publicly-traded company that came out of AstraZeneca's...
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Saudi investors part of group that agrees to buy DuPont’s Clean Tech business...

An international private equity consortium consisting of BroadPeak Global LP, Asia Green Fund, and The Saudi Arabian Industrial Investments Company have signed a definitive agreement for the purchase of DuPont's Clean Technologies business for...
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Breen says DuPont’s lengthy restructuring period is over with IFF merger

DuPont  has completed  the merger of IFF and its Nutrition & Biosciences business.   In connection with the closing of the transaction with IFF, DuPont receives a special cash payment of about $7.3 billion, approximately...
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Who did and didn’t make the influential business persons list

Good afternoon, The News Journal/Delaware Online recently rolled out a list of the most influential business people in the state. The list included seven other categories, with Joe Biden topping the political list. Listed as most influential...
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(Video) Ashland completes solar, native plant and wildlife habitat projects at Wilmington-area...

Since Ashland moved its headquarters from Covington, KY to a its research site near Wilmington, the company ha completed several local sustainability initiatives.   Ashland's new headquarters is part of the former research center for...