Pier One seeking Bankruptcy Court OK to close all stores
Pier 1 Imports, Inc. announced that it has filed a motion seeking Bankruptcy Court approval to begin a wind-down of the company’s retail operations.
Pier 1 has stores in Christiana, north Wilmington, Dover, and Rehoboth...
Delaware City refinery owner sees stock jump despite $1.4 billion operating loss in...
Delaware City refinery owner PBF Energy posted a nearly $1.4 billion loss from operations but saw its stock rise 20 percent as results were better than expected.
The refiner saw crude oil prices and demand...
JC Penney files for bankruptcy protection, with store closing news to follow
J.C. Penney Co., Inc. has filed for Chapter 11 protection as it undergoes a restructuring that will include store closings and determining if a buyer can be found.
The company operates stores at Dover Mall,...
Chesapeake Utilities earnings flat in first quarter
Chesapeake Utilities Corporation, Dover, reported flat earnings during the first quarter.
Net income for the quarter ended March 31, was $28.9 million, compared to $28.7 million for the same quarter of 2019. Revenues neared $153...
CSC opens fund services office in Ireland
CSC announced its Fund Services expansion into Ireland as part of its long-term strategy to provide global clients access to its suite of fund administration, capital markets, and depositary services. CSC is headquartered near...
Prosperity Partnership survey: Clock ticking for many businesses facing steep sales declines
Payroll Protection Program saves 2,400 jobs
A statewide COVID-19 business survey taken three times to date by Delaware Prosperity Partnership shows many employers facing a grim future.
The third round of the Delaware business COVID-19 response...
Coons joins other senators in seeking federal assistance for poultry growers, industry
U.S. Senators Chris Coons (D-Del.) and Roger Wicker (R-Miss.), co-chairs of the Senate Chicken Caucus, have written a letter to the Secretary of the United States Department of Agriculture (USDA) highlighting the severe impacts of COVID-19 on...
Hospitalizations decline as coronavirus death toll rises to 177
Delaware deaths related to coronavirus rose by nine as hospitalizations declined in the Sunday report from the Delaware Division of Public Health.
The number of people testing positive rose by fewer than 200. Health officials...
WSFS earnings dip on coronavirus-related costs
WSFS Financial Corporation parent company of WSFS Bank, reported lower net income in the first quarter.
Net income for the quarter was $10.9 million, compared to $13 million during the same period a year earlier.
The...
Former Chief Justice Strine joins New York law firm
Former Delaware Supreme Court Chief Justice Leo E. Strine, Jr., has joined Wachtell, Lipton, Rosen & Katz, New York City.
He will serve as Counsel in the Corporate Department at Wachtell, Lipton, Rosen & Katz.
Prior...