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Thursday, April 25, 2019

Serra named head of Chase Card Services

JPMorgan Chase & Co. announced that Eileen Serra will become Chief Executive Officer of Chase Card Services. The Chase business is based in Wilmington. Currently, the Head of Card Consumer-branded Products, Serra replaces Gordon Smith who...

MONSANTO SEEN AS VULNERABLE IN APPEAL OF $1 BILLION DUPONT VERDICT: BUSINESS WEEK

A story in Bloomberg Business Week cites attorneys who say the St. Louis-area company's $1 billion verdict as the fourth largest patent verdict. The size of the verdict alone will put it under the microscope...

INCYTE POSTS PROFIT AS SHARES DROP ON REVENUE CONCERNS

Incyte Corp. reported a profit in the second quarter as revenue streamed in from its first commercial product, Jakafi, a bone marrow disease treatment drug. But investors, worried about future revenue, send shares tumbling,...

iBIO STOCK PRICE RETREATS AFTER EARLIER SURGE FROM GE NEWS

http://youtu.be/7INgGJY-ht4 Shares in Newark-based biotech company iBIO  were on  roll for a time. After slumping to about 70 cents a share in June, the company saw  its stock price rise to $1.46 as of  Thursday. It...

SALLIE MAE EXPANDS IN INDIANA

Sallie Mae officials announced a 200-employee expansion of its Muncie, Ind. customer service center. The nation’s largest financial services company specializing in education  will add 200 new jobs and invest as much as $5 million...

WSFS REPORTS SHARP INCREASE IN NET INCOME: STREET INSIDER

WSFS Financial  Corp., Wilmingt0n,  parent company of WSFS Bank, reported net income of $7.3 million, or $0.76 per diluted common share, for the second quarter of 2012. That  compared to net income of $6.4 million,...

SHORE BANKSHARES POSTS PROFIT IN QUARTER 2: Baltimore Citybizlist

Shore Bancshares, Inc., Easton Md.,  reported net income of $293,000  or $0.03 per diluted common share for the second quarter of 2012. This compares  to a net loss of $3 million or $0.36 per diluted...

LEGISLATION STIFFENS PENALTIES FOR EMBEZZLEMENT

Following criticism arising from penalties in high-profile cases, Gov. Jack Markell has signed legislation that stiffens sentences for embezzlement. The bill was drafted by Attorney General Beau Biden’s office and introduced by Rep. Larry Mitchell...

INDIAN RIVER POWER PLANT OWNER NRG PLANS TO COMBINE WITH TEXAS COMPANY

Indian River plant. Photo from the Delaware Department of Natural Resources and Environmental Control. NRG Energy, Inc. and GenOn Energy, Inc. announced a deal  to combine the two companies in an estimated  $1.7 billion stock...

AstraZeneca acquires Mass. company's portfolio

AstraZeneca  acquired a portfolio of   assets from Link Medicine Corporation, a privately held biopharmaceutical company based in Massachusetts. Link Medicine has focused its research and development efforts in the field of autophagy, a process...