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Newark

WSFS reports higher 4th quarter earnings

WSFS Financial Corporation, parent company of WSFS Bank, reported higher earnings in the fourth quarter. WSFS is based in Wilmington and has other administrative operations in Philadelphia. Rodger Levenson, CEO, said, “We are very pleased to end 2022 with strong 4Q results and momentum. "Our operating performance was driven by a 50 basis point increase in NIM (net...

Greene Turtle Newark restaurant reopens a short distance away from old location

 The Greene Turtle sports bar-restaurant reopens on Friday at a new location in Newark near the University of Delaware. Located at 211 S. Main St. in the Park and Shop mixed-use center, the restaurant is short distance from the original location, The new location provides a modern design and enhanced audio and visual technology, a release stated. “We’re excited to reopen our...

Nutter’s Sandwich Shoppe closes after 7 decades

Nutter's Sandwich Shoppe has closed its doors after a 70-year run. The family issued the following statement and noted that the shop is for sale. "We have all been mindful of our contribution to the community and thankful for the beauty the community has returned to us.However, after careful consideration and extensive discussions, the family has made the decision that it...

Blue Hen Quilts moves to new Newark location and becomes Bernina sewing machine retailer

Erin Underwood has turned her passion into a career when she became a quilt pattern and template ruler designer, teacher, lecturer, and quilt shop owner. Underwood and her husband, John, opened Blue Hen Quilts in Newark in 2016. When the pair recently decided to move the shop's location and triple their retail space, they also became a...

A quiet end in 2023 for Delaware office leasing market

The northern Delaware office leasing market finished the year on a quiet note, according to a report from Newmark. The report from the commercial real estate firm with an office in Wilmington indicated that a combination of supply chain problems, labor matters, the holidays, and respiratory illnesses that include Covid-19 and RSV contributed to a weeaker fourth...

ILC sells flood barrier business to North Dakota company

PS Industries, Grand Forks, ND, has acquired the Flood Pro division of ILC Dover. The primary assets included in this acquisition will be Flex-Cover, Flex-Gate and Flex-Wall, which together make up a lineup of flood barrier products. ILC Dover is headquartered at the University of Delaware STAR Campus in Newark, with its manufacturing site in Frederica, a community near...

Philly Fed President Harker doesn’t see recession, warns that smaller interest rate hikes will continue

Philadelphia Federal Reserve President Patrick Harker offered a modestly upbeat outlook for the economy, while warning that higher interest rates won't go away anytime soon. Harker spoke Wednesday at the Economic Forecast sponsored by the University of Delaware Lerner Business and Economics & The Lyons Companies. The setting was the office tower University of STAR campus on the south...

A tale of two cities and their parking tickets

A heads up for those stopping off in Newark on business. Parking fines are going up, and forgetting about that ticket will put a dent in your credit card or checking account. Starting on Tuesday, Jan. 17, rates on city lots and parking meters will go up a dollar an hour for the first time since the late '90s. When...

Bloom Energy fuel cells to power semiconductor plants in Taiwan

Bloom Energy entered into an agreement with Unimicron, a chip substrate and printed circuit board maker, to deploy up to 10 megawatts of fuel cells at Unimicron plants in Taiwan. Final assembly of fuel cells takes place at the company's 700-employee Newark site. The installations will begin in 2023 and completed by 2026. Beginning in 2023, Bloom Energy will...

Former State Trooper gets 6 months in prison on charges tied to theft from business

Former Delaware State Trooper Jamal Merrell, 32, of Newark, was sentenced to six months in federal prison for civil rights violations related to the theft of items from a shipping company. According to court documents, Merrell stole various electronic items while on duty from TotalTransLogistics, an international reshipping company in New Castle. Merrill claimed he was conducting a fraud investigation. Merrell...

DNREC shuts down Pike Creek yard waste site after fires break out

The Delaware Department of Natural Resources and Environmental Control announced that a second fire at at the Polly Drummond yard waste site within a week’s time led to a decision to shut down the area. The second fire in the Pike Creek-Newark area drew local companies to the yard waste site Thursday morning, forcing  its immediate closing....

Tiernan retiring as Newark Police Chief

Newark Police Department Chief of Police Paul Tiernan announced that he will retire effective Jan. 31. Tiernan was hired in September 2007 after a law enforcement career in Teaneck, NJ. Tiernan was first sworn in as a police officer in 1980 and advanced through the ranks before becoming chief of the Teaneck Police Department in 2003, a position...

Chemours board member resigns over company’s new abortion travel policy

A long-time member of the board of directors of Chemours resigned from his post, citing the company's stance on women's health benefits that include abortions. Bradley J. Bell's resignation becomes effective on Jan. 2. Bell's biography has been deleted from Chemours website. Bell has been an executive for a number of materials companies and has served on corporate boards....

Finance council approves $3.5 million grant for bank

The Delaware Council on Development Finance Monday approved a $3.5 million Strategic Grant for National City Bank for an expansion of operations in the Newark area. The grant is contingent on National City reaching staffing and investment other milestones. Strategic Grants for banks and other well-heeled businesses have been criticized as examples of "corporate welfare." Grant supporters point out...