• Scales of Justice

    Selbyville man gets 15 years for key role in investment scam

    Patrick J. Belzner, also known as “Patrick McCloskey,” of Selbyville, Del. was sentenced in Maryland to 15 years in prison followed, by three years of supervised release after being convicted on federal charges related to an elaborate investment scheme and tax fraud. Belzner, 45, was also ordered to pay nearly $20 million in restitution. More [...]

  • Bulletin 10.22.14

    Check out the Oct. 22-28, 2014 issue of the Business Bulletin

    The Delaware jobless rate remained stuck at 6.5% as speculation cooled with stock in IBio, the Newark-based company with technology that could help in the fight against Ebola.  Retailing in the state took another hit as Kmart moves toward the closing of its Claymont store in December. To read these stories and others, CLICK HERE for [...]

  • Aerial view of the composting site.

    Peninsula Compost phasing out production prior to state shutdown order

    Peninsula Compost Co. issued a statement today noting that the facility was on its way to being shut down prior to an order by DNREC Secretary David Small. That state  order,  released today, also called for shutting down the site in the city following complaints about odors. Peninsula  spokesman E. Andrew DiSabatino said the company made [...]

  • Governor Jack Markell

    Markell administration responds to “F” grade from Cato Institute

    The Cato Institute think tank gave Gov. Jack Markell an “F” for Delaware’s fiscal performance. His administration fired back, taking note of the organization’s stance on ending the minimum wage and privatizing Social Security,. In a previous survey the governor received a “D.” The  12th biennial fiscal report card examined state budget actions since 2012. It uses statistical [...]

  • Photo courtesy of GE Healthcare

    (Update, video) IBio shares slide after speculation dies down on Ebola potential

    Shares of   Newark-based IBio Inc.  dropped below $2 a share on Tuesday morning  after the company confirmed it had offered to help the U.S. government in efforts to fight Ebola. Shares closed the day on Monday  at $2.18, down more than 30 percent from Friday when it traded above $3. The drop came on news that [...]

  • The main branch of NBRS in Rising Sun, Md.

    Rising Sun, Md. bank closed; Howard Bank to take control

    NBRS Financial, Rising Sun, Md.  was closed by the Maryland Office of the Commissioner of Financial Regulation. The Federal Deposit Insurance Corporation (FDIC) was named receiver. No advance notice is given to the public when a financial institution is closed. Operations are typically turned over to a bank willing to take on its operations, with the doors [...]

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