Business

Chemours enjoyed its best quarter since spinning off from DuPont a little over a year ago.

The Wilmington-based chemical company announced a $204 million profit in its third quarter earnings report released Monday.

Chemours President and CEO Mark Vergnano credits the strong report to continued demand for its Opteon refrigeration line and cost-cutting efforts.

The company’s plan to reduce costs has trimmed expenses by more than $100 million - and about $60 million of those overall savings were realized in the third quarter.

First State gas prices reversed course after two weeks of decline.

AAA Mid-Atlantic reports the cost of a gallon of regular rose five cents over the past 7 days - from to $2.08 to $2.13. 

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.

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’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. 

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.