Corporate News

Corporate News

Integrity Staffing makes contributions totaling $25,000 to nonprofits in marking its 25th anniversary

Integrity Staffing Solutions announced that in honor of the 25th anniversary of its founding, the company is supporting nonprofits making an impact in many of the communities where the firm's staff and associates live and work. Integrity is based near Newark. According to a release, Integrity Staffing Solutions' CEO, Todd Bavol co-founded the company in 1997 to address...

Navient denies misleading borrowers on refinancing student loans

Wilmington-based Navient denied claims that it is misleading some student loan borrowers regarding refinancing. Longtime Navient critic, U.S. Sen, Elizabeth Warren, D-MA was joined by U.S. Rep. Ayanna Pressley, D-MA in writing a letter to the company regarding allegations that the company engaging in deceptive practices. Refinancing would lead to some borrowers not seeing some of their loans...

Corteva to trim worldwide presence, trim staff, buy back stock

Corteva Agriscience announced plans to buy back stock and cut overhead costs. The Indiana-based company announced that its board signed off on a new $2 billion share repurchase program. The program gives management discretion in determining the conditions under which shares may be purchased. This newly authorized program is in addition to the Company’s existing $1.5 billion program announced in August...

Viewpoint: Why the ChristianaCare-Crozier deal fell through

Author sees chance of Delaware hospital system being acquired by Highmark by C.D. Casscells, M.D., Center for Health Policy, Caesar Rodney Institue, Glasgow (The opinions expressed here are those of the author and not Delaware Business Now) The second week of August 2022, the planned take-over of the Crozer Health (four hospitals in Delaware County, PA) by ChristianaCare (three hospitals, outpatient & other services in Delaware and...

Chemours begins commissioning work at Florida mine

The Chemours Company has begun commissioning work at its newest mineral sand mine, Trail Ridge South. The new mining operation represents a $93 million investment that will create approximately 50 new jobs in the three-county area. Commissioning work to test operations at the new Florida mine is underway, with startup anticipated later this year. Expansion of its mining operations...

My take: Target and explosive growth in Middletown

My take: Target and Middletown's explosive growth A long-rumored Target appears to be on its way to Middletown. The town's long-time mayor Ken Branner told DelawareOnline (subscription) that the store appears to be a "done deal," although the company has not commented on the report and does not have Middletown on its "opening soon" list. The likely location is a field on...

OSHA launches distribution center safety program that includes stepped up inspections

The U.S. Department of Labor’s Occupational Safety and Health Administration launched a regional initiativee that will include stepped-up safety inspections in Delaware. Delaware has seen rapid growth in distribution jobs, mainly due to the opening of Amazon sites. The trend is expected to continue as companies work to bolster their supply chains and put warehouses closer to centers of population. In addition...

Wegmans opening Delaware store in late October as it seeks 184 part-time workers

The  84,000 square-foot Wegmans Food Market near Wilmington will open on Oct. 26 at 9 a.m. The new store is at the intersection of Lancaster Pike and Barley Mill Road. The Rochester, NY family grocery store chain is still looking for 184 part-time workers. Part-time job openings include food service (dishwasher, pizza, cook), stocking (pricing, receiving, frozen, dairy), perishable departments (bakery,...

Updated: WuXi STA breaks ground for pharmaceutical plant in MIddletown

WuXi STA, a contract Research, development, and manufacturing organization broke ground for its new 190-acre pharmaceutical manufacturing campus in Middletown. First announced in June 2021, this site will be WuXi STA’s second facility in the United States. The site marks a major victory for Delaware in its work to build on its presence in life sciences.  The state earlier landed a national...

Solenis to acquire West Virginia water treatment chemical company

Solenis has entered into a definitive agreement to acquire Clearon. This acquisition will enable Solenis to expand its portfolio of products for pool water and spa treatment markets. Solenis is based in north Wilmington. Clearon produces trichloroisocyanuric acid (trichlor) and dichloroisocyanuric acid at its South Charleston, WV. plant and converts the products finished goods at its tableting and packaging...

Bloom loss widens as annual revenue moves toward $1 billion mark

Bloom Energy Corp. reported a wider loss in the second quarter and the first half of this year. The figures were in line with loss estimates from Zacks Investment Research. Bloom has never posted a profit. Bloom's stock price was down by 1.5% on Tuesday. Bloom's share price has been rising due to demand for its products and the possible passage...

Chemours reports higher earnings in 2nd quarter

The Chemours Company reported higher earnings in the second quarter. Highlights Record sales of $1.9 billion, up 16% year-over-year, including record net sales in all three segments Net Income of $201 million with EPS of $1.26, up $0.87 year-over-year. Adjusted Net Income  of $302 million with Adjusted earnings per share of $1.89, up $0.69 year-over-year Adjusted earnings before taxes and other expenses of...

Analysis: Tight oil supplies lead to big profits at Delaware refinery owner PBF

Investors to reap the rewards of higher gas prices Delaware City refinery owner PBF Energy Inc. reported second-quarter 2022 income from operations of $1.7 billion compared to income from operations of $147.5 million for the second quarter of 2021. Revenues doubled on the strength of higher oil prices, with the third quarter figure at $14 billion, compared to $6.9 billion a...

Delaware Refinery boiler outage leads to toxic release

The Delaware City Refining Company, a part of New Jersey-based PBF Energy, experienced an outage of the carbon monoxide boiler on the fluid coking unit at the Delaware City refinery, the Delaware Department of Natural Resources and Environmental Control reported. The outage occurred at about 4:30 a.m., Thursday. DNREC learned that the outage caused excess emissions of...

76ers announce plans for a $1.3 billion arena

The Philadelphia 76ers announced a new development company 76 Devcorp has been formed with the goal of having a $1.3 billion Center City arena in the early 2030s. Sixers owners  Josh Harris and David Blitzer announced that Philadelphia business leader David Adelman, in partnership with Harris Blitzer Sports Entertainment and the development corporation will pursue a privately-funded sports and...