Delaware Public Media

Business

Delaware Public Media's coverage of the business-related stories.

The $85 billion no-bid deal to merge Time Warner with AT&T is bound to prompt litigation from shareholders who say the corporate executives failed to shop around for a better price.

But Time Warner shareholders may have a hard time winning that case in Delaware’s Chancery Court.

Delaware Public Media

First State gas prices were down for a second straight week.

AAA Mid-Atlantic reports the cost of a gallon of regular dropped another five cents over the past 7 days - from to $2.13 to $2.08.  That’s an 8-cent retreat over the past two weeks.

And Delawaregasprices.com says just over a dozen stations – mainly in New Castle County - have prices just under 2 dollars a gallon.

But Delaware drivers are now paying two cents more than they were a year ago when the average price was $2.06.

The Delaware Public Service Commission allocated the final $4 million from the Pepco-Exelon merger to the state’s Energy Efficiency Investment Fund, ending a process in which one critic raised questions about whether the Delaware Economic Development Office should have been awarded another $6 million of proceeds from the merger.

Delaware Public Media

Just as temperatures cool and home heaters kick on, Delmarva Power is announcing its residential gas customers will need to dig deeper into their wallets this winter.

Starting November 1, Delmarva’s Delaware customers will see their bills rise 5.8 percent.  That translates to about   $6.63 per month for the average homeowner.

Delaware Public Media

Delaware’s lone publicly traded casino turned another profit this past quarter, but it’s lagging behind last year’s earnings.

Wilmington based chemical giant DuPont posted an increase in sales for the third quarter of this year. 

 

The company’s net sales for the three-month period ending September 30 were $4.9 billion. That’s up 1 percent from the same period last year. 

Megan Pauly / Delaware Public Media

 

The semi-final master plans for redevelopment of Claymont’s old Evraz Steel site were presented to the public Monday night in a final public comment session.

Poultry processor Allen Harim announced Monday it’s building a new 70,000 square foot hatchery in Dagsboro. 

 

The new $22 million facility will have the capability to produce 2.5 million eggs per week.

Delaware Public Media

First State gas prices remain on a bit of a roller coaster ride.

AAA Mid-Atlantic reports the cost of a gallon of regular dropped three cents over the past 7 days - from to $2.13 to $2.16.  That’s after rising two cents the week before, and falling a penny two weeks ago.

Delaware drivers are now paying about 8 cents less than what they were a year ago when the average price was $2.22.

Delawaregasprices.com says just over a half dozen stations – mostly in New Castle County - have prices at $2.02 or lower – including a pair at $1.99.

Delaware Public Media

The long shuttered former GM auto plant near Newport is back on the market.

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