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Tuesday, December 18, 2018

U.S. Attorney for Delaware says prison time for Wilmington Trust former execs is ...

U.S. Attorney for Delaware David Weiss stated that two former Wilmington Trust executives. Robert Harra, former president of Wilmington Trust and David Gibson, chief financial officer, deserved prison time. Both received six-year sentences,  with further...

Former Wilmington Trust President gets 6 years on bank loan charges

Former Wilmington Trust President Robert Harra was sentenced to to six years in prison  on federal  charges of  conspiring to not report loan problems  at the bank,  The Associated Press reported. He is  the first of ...

Marlette Funding confirms plans to add more than 200 jobs in Delaware.

Marlette Funding and the Delaware Prosperity Partnership announced plans to add more than 200 jobs in the state.  The company based near Wilmington uses the Best Egg, platform to offer online personal loans. The company says...

Big Fish to expand in Wilmington’s Trolley Square neighborhood

The  Big Fish Restaurant Group  is “all in” when it comes to the Trolley Square neighborhood in Wilmington. Delaware Online  reported that the Rehoboth Beach-based hospitality company bought the Scratch Magoos and OldBanks restaurant sites on Delaware...

Prosperity Partnership working with 30 companies

The Delaware Prosperity Partnership announced that it is  currently engaged with 30 companies focused on business recruitment, business growth or business retention.  The  30 projects represent a total of approximately $80 million  in potential...

State rolls out regs designed to sniff out LLCs formed for illicit...

Regulations slated to take effect Jan. 1 will require new business entity formed in Delaware be screened against lists of persons and groups prohibited from doing business in the United States.  “Know Your Customer” rules...

Trending: Former state Supreme Court Justice Moore remembered as giant in corporate law

Andrew G.T. Moore II, retired Justice of the Supreme Court of Delaware and a leading figure in Delaware corporate law cases, died on Monday. He was 83 years old. The announcement was made by...

Lawsuit filed by Delaware and dozens of stares expands to price fixing 300...

A lawsuit filed by Delaware and other  states over an alleged “generic drug” price fixing cartel has been expanded to 300 drugs, the    Washington Post    reported. The suit has expanded from a few drugs...

Christiana Care raising minimum wage to $15 an hour

Christiana Care Health System  is increasing its minimum wage to $15 an hour effective Feb. 1, 2019.  The increase affects 500 current employees,  Christiana Care is the largest private employer in Delaware with nearly 12,000 employees on...

Delaware could see slight decline in Nov. jobless rate

Delaware could see a slightly lower unemployment rate for November. The Federal Reserve Bank of Philadelphia’s Nowcast reported the jobless rate in the state could drop to 3.8 percent. The Philadelphia Fed also sees unemployment rates...