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Wednesday, August 21, 2019

Gatehouse owner to acquire News Journal parent Gannett in cash and stock deal

New Media Investment Group Inc. (Gatehouse) and Gannett Co., Inc. announced  New Media will acquire  Gannett  for a combination of cash and stock. A release stated that the combined company will invest in newsrooms.  The merger...

Chemours adds to titanium mining, processing operations

The Chemours Company is adding to its titanium mining and processing operations. The Wilmington company acquired  Southern Ionics Minerals, LLC,  an exploration, mining, and manufacturing company based in Jacksonville, FL. SIM was a wholly owned...

DuPont sees better 2nd half as write-down, weaker global markets take toll

DuPont reported a loss for the second quarter but raised its full-year earnings guidance. Earnings came in above estimates.  However, shares dropped 3.6 percent on Friday as concerns mount on Wall Street over trade...

Chemours earnings take hit from lower demand for titanium dioxide

Wilmington-based Chemours Co.  reported lower earnings in the second quarter as demand dropped sharply in its key titanium oxide business. The company also cited illegal refrigerant imports to Europe as a factor. In Friday trading,...

Four Chase bank branches to open by the end of the year

JPMorgan Chase is moving forward with plans for four more northern Delaware branches by the end of the year. JPMorgan Chase, the state's largest for-profit employer plans to open 10 to 12 Delaware branches in...

Governor signs road investment fund legislation

Gov.  John Carney on Wednesday signed Senate Bill 61, legislation that establishes the Transportation Infrastructure Investment Fund (TIIF) to allow businesses to make roadway infrastructure improvements. The signing took place at a new bridge over...

M&T spending $9 million to upgrade branches

M&T Bank is investing $9 million to refresh and renovate 38 branches throughout Delaware. Many renovations are nearly completed and all will be finished by December. The new design is intended to create an enhanced customer experience...

DNREC reports ongoing sulfur dioxide release at Delaware City Refining

The Delaware Department of Natural Resources and Environmental Control today reported the release of sulfur dioxide at  Delaware City Refining Co.   A release via the Delaware Environmental Release Notification System indicated that the release amounts...

Pharma company Incyte reports higher earnings in first half

Incyte Corp. reported higher net income in the second quarter and first half. Generally accepted accounting principles net income for the quarter ended June 30  was $105 million compared to net income of $52 million...

The Bancorp reports surge in earnings

The Bancorp, Inc., north Wilmington, reported higher earnings for the second quarter. Net income increased to $11.4 million for the quarter ended June 30, 2019, compared to $6.1 million for the quarter ended June 30,...