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Wednesday, December 11, 2019

DuPont earnings up as company faces challenging markets

DuPont announced higher  third-quarter earnings with a slight decline in revenue while narrowing the forecast  range of pro forma adjusted earnings per share to $3.77 to $3.82 versus the prior range of $3.75 to $3.85. “Amid...

Chesapeake sells Florida natural gas marketing operations

Gas South will purchase the Florida assets of Peninsula Energy Services Company (PESCO). a subsidiary of Chesapeake Utilities Corporation, Dover. Chesapeake is selling off PESCO as it focuses on its utility, pipeline and propane businesses....

Exelon, Maryland reach $200 million Conowingo Dam agreement

Exelon Generation announced reached an agreement with the State of Maryland that aims to preserve Conowingo Dam and deal with the health of Chesapeake Bay. Conowingo is located 25 miles west of Newark and is...

Chancery case could upset the corporate compensation applecart

Good afternoon, (Slights photo from Eric Crossan) We could see a  groundbreaking Chancery trial in 2020 that features a  celebrity CEO. Vice-Chancellor Joseph Slights, III, made an unexpected ruling to hold a trial in a case involving...

Incyte net income soars in third quarter, nine months of 2019

Incyte Corp  reported sharply higher net income in the third quarter and first nine months of 2019. The pharmaceutical company is based near Wilmington. On Tuesday, Incyte shares were up more than 4 percent to...

Great Dames conversation focuses on the difficult road to gender equity

Great Dames tackled the topics of gender equity  and men and women helping one another at one the group’s  Powerful Conversations on Monday night. Founder Sharon Hake kicked off the discussion with the sobering finding...

Carney nominates Seitz as Chief Justice with Reeves selected to fill his...

Gov.  John Carney  will  nominate Justice Collins J. Seitz, Jr. to serve as the next Chief Justice of the Delaware Supreme Court. Seitz – who has served as an Associate Justice on the Supreme Court...

Chancellor fines TransPerfect $30,000 a day in billing dispute

Translation services company TransPerfect is being fined $30,000 a day for defying court orders. Chancellor Andre Bouchard issued the ruling on Thursday that also ordered TransPerfect to pay legal fees. The high-profile case featured celebrity attorney...

State downplays concerns over putting brakes on incorporations of cannabis companies

The  law firm of Dorsey and Whitney  is warning that the Delaware Secretary of State’s office is casting a wary eye on cannabis companies seeking to incorporate. The Minneapolis law firm has an office in...

Citizens for a Pro-Business Delaware announces $250,000 ad campaign that urges Chancery reform...

Citizens for a Pro-Business Delaware  vows  to push  for transparency and accountability in Chancery Court  while  rolling out a  $250,000 ad buy. The new ads will  promote diversity in the Supreme Court and  respond to...