Category: News Updates

Editor’s Note: The February 2016 report provided by the Federal Reserve Bank of Philadelphia. Firms responding to the Manufacturing Business Outlook Survey reported continued weakness in business conditions this month. The indicator for general activity remained slightly negative this month, edging up only marginally from its reading in January. Other indicators offered mixed signals: The…

  HAVANA (AP) — The United States and Cuba on Tuesday signed a deal restoring commercial air traffic for the first time in five decades, allowing of dozens of new daily flights to bring hundreds of thousands more American travelers a year to the island as early as this fall. Immediately after the signing, the…

By Kathy Canavan Patrick T. Harker, president of the Federal Reserve Bank of Philadelphia and former president of UD, gave an upbeat economic forecast at the Lyons Economic Forecast this morning. The annual event is co-sponsored by Lyons Companies and UD’s Center for Economic Education and Entrepreneurship (CEEE). Asked about negative interest rates, which Fed…

Today Media and Delaware Business Times are seeking nominations for the second annual Family Owned Business Awards to be presented June 23. Awards are presented to businesses in three categories (Small, Medium and Large) based on employee size. Eligible businesses must be based in Delaware and have been active in business for at least two…

Evercore, global investment banking advisory firm, opened Evercore Trust Company of Delaware at 300 Delaware Ave. in Wilmington today. Evercore will offer fiduciary and investment services for high-net-worth families and institutions. “Evercore Trust Company of Delaware complements our personal and institutional fiduciary capabilities at Evercore Wealth Management and Evercore Trust Company,” Evercore CEO Ralp Schlosstein said. “Delaware’s tax…

New Castle County Register of Wills Ciro Poppiti III, a candidate for lieutenant governor, is creating a policy think tank that will focus on older citizens and their caregivers. “We have seniors who call 911 and say, ‘I’m lonely.’ We have seniors who call 911 and say, ‘I can’t get dressed.’ What’s being lost as…

Financial technology(FinTech) is the topic for the February meeting of the Technology Forum of Delaware. FinTech firms apply technological innovations to financial services and products, an industry that many believe is growing rapidly and represents a huge potential for Delaware. Panelists for the Feb 17 meeting are: Neel Dattani, Apex Development Group, Rishi Khan, Extreme Scale…