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Monday, June 17, 2019

Earnings down for Delmarva Power parent

Earnings were down in the second quarter and first half at Delmarva Power owner Pepco Holdings. The Washington, D.C.-based company reported net income for the quarter of $62 million, compared to $95 million a year...

Artesian Resources reports higher earnings

A rate increase aided second quarter and first half  earnings at Artesian Resources. The Newark area company reported that revenue for the second quarter of 2012 was  $17.9 million, an 8.5 percent increase from the $16.5...

Association partner of Belfint, Lyons & Shuman has new name

Belfint Lyons & Shuman, P.A. announced  that its accounting association of choice has launched a new name and image that reflect its status as the third largest association of accounting firms in the world....

Frontrunner emerges in bidding war for DuPont car paint unit | Citybizlist

It looks as though Washington, D.C. based Carlyle Group LP is the most likely winner in the bidding war over DuPont’s car paint business. Sources close to the deal say DuPont stands to make more...

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,...