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Friday, August 28, 2020
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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,...
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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...
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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...
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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...
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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...
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SBA loans running at record pace in Del.

Nine months into the 2012 fiscal year, Small Business Administration lending totals in Delaware have set a new record, SBA Delaware District Director Tony Leta announced. The loans are credited with helping to create or...
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Artesian meets water reliability requirements

Artesian Resources officials report the company continues to more than pass state requirements for self sufficiency in Delaware. The requirements came out of periodic water shortages in the state. The company reported it faced challenges. Strong...
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Northern Trust names Delaware president

Northern Trust, a  provider of financial services for institutions, affluent individuals and families, has named Laura G. Mandel President of Northern Trust Company of Delaware, effective immediately. Mandel will relocate from Chicago to Wilmington...
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Acme owner suspends dividend, studies options

Acme Markets owner Supervalu Inc. is suspending its dividend and reviewing strategic alternatives.  At the same time, the company cautioned the announcement might not lead to major changes. Supervalu also owns the faster-growing Save-A-Lot chain...
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Host Merchant Services signs up cloud hosting firm

Credit card processing firm Host Merchant Services, Newark, announced it has entered into a strategic marketing partnership with cloud hosting services provider ServInt. The alliance will give ServInt the ability to provide flexible and customizable...