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Thursday, May 23, 2019

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...

Kent Economic Partnership rolls out new Choose Centra Delaware website

 Choose Central Delaware (Kent Economic Partnership) launched its new economic development website: ChooseCentralDelaware.com. The website contains information on choosing  Central Delaware as a location.  The website also has information for existing businesses to assist in their...

DowDuPont reports lower income as spinoffs remain on schedule

DowDuPont reported GAAP (Generally Accepted Accounting Principles) earnings per share from continuing operations totaled 23 cents, a decline of 51 percent  from a year-ago period of 47 cents. Adjusted earnings per share1 decreased 25 percent...

Workplace death rate in Delaware remains low, while OSHA penalties are highest...

A report from the AFL-CEO on says Delaware ranks low in the number of Occupational Health and Safety Administration inspectors but has an industrial accident fatality rate that is below the national average. Penalties leveled...

Illegal Pete’s cries foul over LLC denial by State of Delaware

A small Colorado restaurant chain is suing the State of Delaware over its apparent denial of Delaware Limited Liability company status. The Associated Press reported the suit was filed by Illegal Pete’s, a company with...

Bankruptcy judge Gross to retire

After presiding over major bankruptcy cases that included the  Los Angeles Dodgers, Delaware U.S. Bankruptcy Court Judge Kevin Gross is planning to retire. Gross plans to step down in March 2020 after 14-years at the...

Richards Paving owner buys New Jersey company

Advanced Pavement Group announced today that they have acquired Easmunt Paving, Inc. of Millville, NJ.  It is the most recent acquisition in Advanced Pavement Group Corp.’s expansion in the Northeast and Mid-Atlantic region. Advanced earlier...

Fees after TransPerfect sale draw fire

A TransPerfect employee site is objecting to legal bills sent to the company. Eighteen months after the  TransPerfect case was settled, the custodian in the case, Robert Pincus, has continued to bill TransPerfect every month...

DuPont opens aerospace tech center in Ohio

DuPont Transportation & Advanced Polymers announced the opening of its new Aerospace Technology Center at the DuPont  Vespel  manufacturing site in Valley View, Oho, a suburb of Cleveland. “Innovation and collaboration are the keys to...

DuPont board plans to seek shareholder vote on reverse stock split

DowDuPont Inc. announced its Board of Directors approved a reverse stock split of the company’s common stock as part of a plan to boost the market price of its shares. The reverse stock split is...