Category: News Updates

The Chemours Company, the Dupont spinoff, has announced 5 percent reduction in its global workforce, including roughly 50 in Delaware and about 350 more around the world. The cost-cutting reduction, expected to be completed during 2016, will affect business lines and functions and is estimated to save the company approximately $50 million annually. The company…

New Castle, Del. — New Castle County Executive Thomas P. Gordon announced that the county has moved a $3 million investment to help create the Delaware Board of Trade as a Wilmington-based stock exchange. After initial concerns, he said, a majority of New Castle County Council members now support the plan. The board is expected…

Sean Barney, a former Democratic candidate for state treasurer who served with the Marines in Iraq, announced today that he is running for Congress. Barney is currently President of InfoVest, a Delaware venture capital firm. He previously served as policy director to Governor Jack Markell, helping Markell pass legislation raising the minimum wage, ending mandatory…

WSFS Financial Corporation and Penn Liberty Financial Corp. have signed a definitive agreement and plan of reorganization whereby WSFS Financial Corporation will acquire Penn Liberty Financial Corp. Upon the closing of the transaction, Penn Liberty Bank, the wholly owned bank subsidiary of Penn Liberty, will merge into WSFS Financial Corporation’s wholly owned bank subsidiary, WSFS…

Thirteen out of every 100 Delawareans will be on the road this Thanksgiving holiday – just slightly more than last year. Most of them will drive to their dinner – about 116,016, while 9,356 or about 1 percent, will fly. More than 128,000 Delawareans will travel 50 miles or more this Thanksgiving, according to AAA…

In its commitment to meeting the health care needs of its neighbors, Christiana Care Health System today announced plans to transform health care for women, children and infants throughout the state with a $260 million enhancement project at Christiana Hospital. A new Women and Children’s building —  developed in collaboration with patients and their families…