Fulton acquires assets of Philadelphia bank seized by federal regulators
Fulton Financial Corporation acquired substantially all of Republic Bank's assets and assumed most of Its Deposits from the Federal Deposit Insurance Corporation.
All regulatory approvals,...
Delaware existing home sales drop, prices rise
The real estate market in Delaware saw growth in new listings, and a decline in sales during March.
Still, a Delaware Association of Realtors...
Hospital budget oversight bill passes Delaware House after contentious debate
Despite strong opposition from the state's hospital systems and father a lengthy debate, a bill to review and approve their budgets passed...
LYCRA showcases stretch denim fiber
The LYCRA Company, is launching a new type of fiber for stretch denim.
LYCRA FitSense denim technology is designed to provide a solution...
Ex-bank employee charged with stealing funds from deceased person’s account
New Castle County Division of Police arrested former WSFS employee Latia Wynn, 25, also known as Itiyya Wynn of Wilmington on multiple charges.
In February,...
Newark radio frequency systems manufacturer poised to get $700,000+ in state grants
Phase Sensitive Innovations (PSI) – a veteran-owned University of Delaware spinoff that specializes in radio-frequency components, devices and systems – will expand operations in Newark.
The Delaware...
From Spotlight Delaware – New Castle County to manage Hope Center after audit
By Karl Baker
This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org
New Castle County employees...
DāSTOR acquires New Castle data center
DāSTOR acquired a data center at 3 Boulden Circle in New Castle.
The site has more than 30,000 square feet of raised floor. The...
Delaware March jobless rate falls below 4% for first time since 2019
Delaware’s seasonally adjusted unemployment rate in March was 3.9%, down from 4% in February 2024.
The Delaware Department of Labor reported 20,000 unemployed Delawareans in...
Express keeps Delaware stores open after filing for Chapter 11
No Express stores are closing in Delaware following a Chapter 11 bankruptcy filing in Delaware.
The company announced that a consortium that includes WHP...
Fire protection fee bill passes House
A bill allowing counties to tax properties to pay for fire protection cleared the Delaware House this week by a near-unanimous vote.
The bill, sponsored...
Quarterback Joe Flacco to give University of Delaware commencement address
Joe Flacco, NFL quarterback, Super Bowl MVP, 2008 University of Delaware graduate and part owner of a Middletown golf course, will deliver the 2024...
Maryland dealership group acquires Matt Slap Subaru
A Maryland-based dealership group has acquired Matt Slap Subaru on Newark's Cleveland Avenue auto row.
Ourisman Automotive Group announced the purchase on its LinkedIn Page...
Incyte announces skin disease drug venture with Chinese company
Incyte and China Medical System Holdings Limited reached an agreement whereby Incyte and CMS, through a wholly-owned dermatology medical aesthetic subsidiary of CMS (CMS...
From Spotlight Delaware: Experts says ‘Unauditable’ Delaware unemployment fund brings risk
By Karl Baker
This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State. Learn more at spotlightdelaware.org
Why Should Delaware Care?Thousands...
Biden flies back to White House amid signs that war between Israel and Iran...
President Joe Biden cut short his weekend visit to his home near Rehoboth Beach.
An airspace advisory was lifted after the President departed for the...
Delmarva Power’s reports purchases from diverse suppliers hit a record $190 million in 2023
Delmarva Power purchased $190 million in goods and services from diversity-certified suppliers in 2023, accounting for 40 percent of the company’s total purchases for...
Personnel file: April 11, 2024
Send personnel news items to drainey@delawarebusinessnow.com
Rehoboth names city manager
Boulder City (Nevada) City Manager Taylour Tedder was named the Rehoboth Beach City Manager, effective in...
From Spotlight Delaware – Could Congress hinder future Middletown pharma campus?
WuXi under the microscope for alleged CCP ties
By Jacob Owens
This story was produced by Spotlight Delaware, a community-powered, collaborative, nonprofit newsroom covering the First State....
Invista to weigh options for nylon business and Seaford plant
Invista is exploring options for its nylon business, including its Seaford plant.
This includes the company's fiber portfolio, including airbag and industrial fibers, the Codura...
