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Thursday, February 22, 2018

Reliance Trust adds office after Citigroup Trust purchase

Reliance Financial Corp., a privately held financial services and wealth management company, announced it closed its previously announced agreement to acquire 100 percent of the stock of Citigroup Trust-Delaware, merging Citigroup Trust-Delaware, N. A.,...

Discover Bank offers work option for military families

Discover Bank and Delaware’s Congressional Delegation of U.S. Sens. Tom Carper and Chris Coons and Congressman John Carney recognized the first group of employees to join a new Discover work-at-home jobs program for military...

Legislation, resolution target refinery rail service

Two pieces of legislation addressing the transporting of oil to the Delaware City Refinery – one lifting a 36-year-old monetary cap for oil spills, the other asking the refinery and rail company to provide...

Intycte reports promising early results for cancer drug

Incyte Corporation reported promising early results for a cancer drug. Incyte is based near Wilmington. It developed a blood cancer drug Jakafi, which is now producing revenue for the company. Results were announced at the...

AZ drops development of arthritis drug

Astra Zeneca will not move forward with the development of arthritis pill fostamatinib. While a release from AstraZeneca indicated that test patients showed improvements with the drug and side effects were moderate, a decision was...

AstraZeneca buys pharma company for $323 million

 AstraZeneca  announced that it has entered into a definitive agreement to acquire Omthera Pharmaceuticals, a company based in Princeton, N.J. The company is focused on the development of new therapies for abnormal levels of...

Tesla posts profit as electric carmaker gains momentum

Electric car maker Tesla posted a profit for the first time in its 10-year history. The performance stood in stark contrast to the troubles of Fisker Automotive, which planned to build a mid-sized hybrid sedan...

Dept. of Labor Employer Conference slated for May 16

Delaware businesses will find information about issues affecting their bottom line at the Delaware Department of Labor 10th Employer Conference, May 16, 2013 at Chase Center on the Riverfront. This includes a look at...

Early stage nanotech company raises $5.1 million in funding

Pixelligent Technologies, producer of PixClear, nanocrystal dispersions for applications in the electronics, semiconductor, and industrial markets, announced   that it closed $5.1 million in new equity funding. The funds will be used to further accelerate...

Fibertech to expand Delaware network to Dover, Georgetown

Fibertech Networks  will expand its fiber optic presence in Delaware. The company currently operates a 160-mile network in the Wilmington area.  In meeting  new sales agreements, Fibertech will extend its current infrastructure by more than...
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