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Thursday, December 5, 2019

County Executive Meyer won’t OK converting Board of Trade loan to stock

New Castle County Executive Matt Meyer will not sign a resolution calling for a loan to the Delaware Board of Trade to be converted to county-owned stock in its parent company. The resolution had previously...

$38 million fintech building planned for University of Delaware’s STAR Campus

A new $38 million financial technology (fintech) building is slated to go up on the University of Delaware STAR Campus. UD, Delaware Technology Park (DTP) and Discover Bank will partner on the construction of the...

Trending: JPMorgan Chase expands commitment to hire ex offenders

JPMorgan Chase  is expanding its commitment to giving people with criminal backgrounds a second chance by supporting their reentry into the workforce, community and local economies. The change is part of a new public policy...

Wilmington Trust outlook sees risk of tech productivity gains spurring populist policies

Wilmington Trust  announced its 2020 Capital Markets Forecast, "Market Tug of War: The interplay of productivity, populism, and portfolios." As the title indicates, productivity gains are likely to not make their way to employees who...

$38 million financial technology building coming to UD’s STAR Campus

A new $38 million financial technology (fintech) building is slated to go up on the University of Delaware STAR Campus. UD, Delaware Technology Park (DTP) and Discover Bank will partner on the construction of the...

Prosperity Partnership, North East England counterpart sign cooperative agreement

The Delaware Prosperity Partnership and the North East Local Enterprise Partnership (LEP), a public, private and education sector partnership in North East England, UK, signed a cooperative agreement to support joint business development. LEP works...

JPMorgan Chase may be eyeing expansion at other employment centers

JPMorgan Chase is reportedly looking outside New York City as it continues to grow. Bloomberg (limited page views) reported on the possibility of adding jobs in lower-cost areas like Delaware, Plano, TX  and Columbus, Ohio. Such...

Sallie Mae reports higher earnings

Sallie Mae reported higher earnings in the third quarter. Net income for the third quarter was $128 million, compared to $104 million during the same period a year earlier. Sallie Mae shares remained unchanged in Wednesday...

Navient shares rise after upbeat earnings report

Wilmington-based Navient reported higher earnings in the third quarter. Share prices rose more than 6 percent on Tuesday after earnings exceeded forecasts. Generally Accepted Accounting Principles' net income was $145 million compared to $114 million during the same...

Sallie Mae rolls out cash back credit cards

Sallie Mae rolled out three new credit cards that offer cash back on purchases, with one card also offering the option of using the cash back  option to pay down student loans.  The cards: Sallie Mae Ignite...