BUSINESS
May 21, 2012 | By Linda Loyd, INQUIRER STAFF WRITER
In a game-changing move for both the Port of Wilmington and the state of Delaware, officials are pursuing a partnership with a private company or investment group to operate the publicly owned terminal and to expand the port by constructing ship berths on the Delaware River that could cost as much as $500 million. The state-owned Wilmington port touts itself as the largest handler of imported perishable cargo, fruits and vegetables in the United States and as the largest banana port in North America, second only to Antwerp, Belgium, in volume of bananas in the world.
NEWS
May 11, 2012 | By Miriam Hill, Inquirer Staff Writer
After nearly two years of litigation, the families of the two Hungarian tourists killed in the July 2010 accident between a barge and a duck boat on the Delaware River will receive $15 million from the companies that owned the vessels. "For the families, no amount can replace their priceless only children," their lawyer, Robert Mongeluzzi, said moments after announcing the settlement in the federal case. Szabolcs Prem, 20, and Dora Schwendtner, 16, who were visiting Philadelphia from Hungary, died in the accident.
NEWS
May 11, 2012
POST TIME: 1:15PM 1st RACE - Purse $14,000, Starters allowance $6,250, 4 yo's & up, 6F 01 Graysonia (D Centeno) 118 2/1 01a Dazzlin Dr Cologne (D Centeno) 123 2/1 02 Tripplite (Y Ortiz) 108 12/1 03 Cayman Condo (J Santiago) 120 6/1 04 Hammering Buckeye (C Esquilin) 116 15/1 05 Dryden (A Cintron) 123 8/5 06 Northpoint Costas (R Mejias) 118 8/1 07 St John's Gospel (J Rose) 118 5/1 2nd RACE - Purse $12,000, Maiden Claiming $10,000-$7,500, 3 yo's & up, 6F 01 Sombreado (B Pedroza)
NEWS
May 11, 2012 | PRESS RELEASE
This story is the first in a series celebrating the 75th anniversary of the Delaware Handicap. After the famous stretch-long duel between rivals Blind Luck and Havre de Grace in last year's Delaware Handicap, expectations for the 2012 filly and mare summer classic, slated for July 21, have never been higher. The dramatic victory proved to be the final and greatest in the brilliant career of Blind Luck. The gallant defeat did nothing but improve Havre de Grace's stature as one of the best in training and proved to be a pivotal stepping stone in a campaign that culminated with Horse of the Year honors for the locally owned and trained filly.
NEWS
May 4, 2012 | By Victoria Donohoe, For The Inquirer
Three solo and three group shows hold sway currently at the Delaware Center for Contemporary Arts, in a roundup featuring many Philadelphia artists. A degree of spontaneity stamps the double shows "Under Construction, Parts I and II," which display work by 10 regional artists currently involved in combining various aspects of construction, architecture, design and sculpture. Some use ordinary building materials, others construction-site discards. Especially compelling are robust sculptural works Acanthus Model and The Movement of Objects by Wilmington's Joe Netta, both subtle essays in texture, structure, and composition - energetic, evocative pieces that establish definite mood and atmosphere.
BUSINESS
May 3, 2012 | Inquirer Staff Report
Unemployment fell to 8.4 percent in March in the Philadelphia region that includes parts of Maryland, Delaware and New Jersey, the U.S. Labor Department reported Wednesday. That's down from 8.8 percent in February and 8.6 percent a year ago. The national unemployment rate in March was 8.2 percent. Gloucester, Burlington and Camden counties, which together form the Camden metropolitan division, had a 9.7 percent unemployment rate, while Philadelphia, Chester, Montgomery, Bucks and Delaware counties, averaged together, had an unemployment rate of 8.1 percent in March.
BUSINESS
May 3, 2012 | Inquirer Staff Report
Bryn Mawr Bank Corp. said it agreed to buy most assets of the First Bank of Delaware, which has two branches and is winding down operations. Bryn Mawr is buying one of those branches and about $100 million in loans and $100 million in deposits, Bryn Mawr said. The price was not disclosed. The First Bank of Delaware was spun off from Philadelphia's Republic First Bancorp Inc. in 2005. Harry D. Madonna, Republic First's chairman and chief executive and executive chairman of First Bank of Delaware said the Delaware bank "will eventually close.
BUSINESS
May 1, 2012 | Joe DiStefano
Delaware gets it, says KR Sridhar, space-engineering professor-turned-Silicon Valley energy missionary, and boss of Bloom Energy (formerly Ion America), which plans to build what he says are efficient electricity-generating fuel cells — a Holy Grail of energy engineering — in Newark, Del., on the rubble of an old Chrysler plant. With state support, of course: $16 million in grants, a new state law that allows Delmarva Power to use fuel cells instead of solar or wind power for green-energy credits, and a consumer surcharge that will boost the cost of electricity to Delaware homeowners by more than $1 a month, for up to 21 years, with the money going to Bloom.
BUSINESS
April 24, 2012 | By Andrew Maykuth, INQUIRER STAFF WRITER
The U.S. House Subcommittee on Energy and Water has approved nearly all of President Obama's request to finance the disputed project to deepen the Delaware River's main shipping channel to 45 feet. The subcommittee's report, released Tuesday, includes $29.45 million for the project. Obama had requested $31 million. Digging the river channel five feet deeper has been debated for nearly three decades and is supported by a bipartisan effort of members of Congress in Pennsylvania and Delaware, governors of the two states, and business and labor leaders.
NEWS
April 21, 2012 | By Kathy Boccella, Inquirer Staff Writer
Aronimink Golf Club in Newtown Square hosts thousands of golfers who hit thousands of balls into water hazards each year. This week, four people from Michigan decided to retrieve some of those strays - by diving into the ponds. According to Willistown police, the four were arrested at the club early Wednesday. In their white van and trailer, police found scuba equipment and about 8,000 golf balls, some marked "White Manor Country Club. " Police said the four claimed they had permission from White Manor to retrieve the balls from the murky water hazards and resell them.