Auctions point to slightly lower rates for Delmarva Power customers
Electric power prices may decline slightly for customers of Delmarva Power.
The Delaware Public Service Commission released results of its reverse auction process for wholesale electricity going to customers of the utility.
The reverse auction process...
Breen returns to CEO post at DuPont as Doyle departs company in executive...
Koch takes CFO post as Desmond moves on
Edward Breen has returned to the post of CEO of DuPont Co. after a difficult year for the company, which was spun off from DowDuPont last year.
Breen,...
When the stock price falls
Good afternoon,
The corner office shake-up at DuPont may have come as a surprise to some.
But anyone who watches the stock price of the company knows that Ed Breen would not be content with the...
Chemours CEO says company’s tough year ended on a positive note
The Chemours Company announced lower earnings in 2019. Chemours is based in Wilmington and is building a research center in Newark.
"Our results for 2019 reflect a challenging year on several fronts, including TiO2 destocking,...
ILC Dover sold to New Mountain Capital private equity firm
ILC Dover, Inc., a Frederica-based engineered solutions provider of applications to the pharmaceutical, biopharmaceutical, food and beverage, and aerospace and defense industries, announced that was acquired by New York-based New Mountain Capital, an investment...
Solenis dedicates headquarters at Avenue North
Solenis, a global producer of specialty chemicals for water-intensive industries, dedicated its new world headquarters today just outside Wilmington. The 90,000-square-foot office replaces the company’s previous headquarters on Beaver Valley Road.
Located in the redeveloped...
Keeping an eye on the business climate
Good afternoon,
Wilmington received two pieces of good news in the last week. Insurance company Salem Mutual and business services giant CSC have announced plans to add operations in the city.
Salem Mutual plans to purchase...
Dover Motorsports reports lower earnings as cost of removing seats hits bottom line
The removal of grandstands at Dover International Speedway contributed to lower fourth quarter and full year results for 2019 for Dover Motorsports.
Revenues for the fourth quarter of 2019 were $20,794,000 compared to $20,751,000 in...
Legislators want to end corporate relocation incentives
Delaware legislators are joining a campaign to phase out corporate relocation incentives by establishing an interstate compact.
The effort picked up steam after subsidy battles with other states that included the AmazonHQ2 process last year.
As of...
Refining business is ‘a changin’
Hello everyone,
Last week, the apparent high bidder emerged in Wilmington U.S. Bankruptcy Court for the shuttered Philadelphia Energy Solutions refinery site.
Hilco, a company with a track record of redeveloping former industrial properties, will acquire...