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Jacob Owens

Associate Editor, Delaware Business Times

  • What’s ahead for DuPont after Breen’s return?

    WILMINGTON – DuPont surprised many in the First State when it announced Tuesday, Feb. 18, that it was ousting its short-term CEO Marc Doyle in favor of previous leader Ed Breen. Breen inherits a company that faces several challenges in 2020, however, as it manages a portfolio of varied products that face current economic challenges […]
  • DuPont brings back Breen in leadership shakeup

    WILMINGTON – DuPont announced early Tuesday morning that its board has appointed Edward “Ed” Breen back to his previous role as CEO, replacing Marc Doyle after he served less than a year in the head role. Breen, 63, was instrumental in overseeing DuPont’s brief merger with Dow and its subsequent split of its divisions, which […]
  • Bloom to downgrade prior earnings as firms investigate

    NEWARK – Bloom Energy Corp., the energy company that produces fuel cells from its STAR Campus manufacturing plant, announced Feb. 12 that it will have to revise all of its earning statements dating back to before its 2018 initial public offering after an “accounting error.” The news, issued 15 minutes after markets closed, has led […]
  • Pier 1 files bankruptcy, seeks buyer

    FORT WORTH, Texas – The home furnishings and décor retailer Pier 1 Imports announced Monday, Feb. 17, that it had filed Chapter 11 bankruptcy and was working to find a buyer for the company. The news was expected as the company announced last month that it was closing up to 450 storefronts as it deals […]
  • Statehouse Business: Week 5

    Delaware Business Times will recap each week of the 2020 Delaware General Assembly by tracking bills of interest in the state’s business community as they proceed through the legislative process. A bill is first assigned to either a House of Representatives or Senate committee for hearings on its proposal within 12 days of introduction. After the hearing, […]
  • Concord Mall future unclear after Sears’ closure

    WILMINGTON – After Sears confirmed earlier this month that it would close its Concord Mall location – its last department store in Delaware – many have begun to wonder what the future of the shopping destination may be. The news of the Sears’ closure comes on the heels of the recent change in mall ownership. […]
  • Exclusive: Peninsula Regional to build southern Del. campus

    MILLSBORO — Peninsula Regional Health System is looking to strengthen its hold in southern Delaware with an ambulatory medical campus north of Millsboro, between its primary care offices off U.S. 113 and its recently-acquired hospital in Seaford. The new campus would balance out development in town as much of the commercial growth has been kept […]
  • Experts see booming 2020 economy, looming concerns

    With the nation’s economy humming, inflation low and the stock market touching new highs seemingly every day, economic prognosticators are divided into those who see bright days ahead for 2020 and those who are more worried that recession is creeping closer. While wealth manager Michael Farr and economist Anirban Basu warned listeners at events this […]
  • Navient OKs $300M buyback of former proxy threat

    WILMINGTON – Navient Corp. announced a more than $300 million stock buyback plan Jan. 28, ending its connection with a Los Angeles-based hedge fund that once tried to start a proxy war over the student-loan servicing company. Navient has agreed to repurchase 20,346,464 shares of common stock owned affiliates of Canyon Partners LLC at a […]
  • Statehouse Business: Week 4

    Delaware Business Times will recap each week of the 2020 Delaware General Assembly by tracking bills of interest in the state’s business community as they proceed through the legislative process. A bill is first assigned to either a House of Representatives or Senate committee for hearings on its proposal within 12 days of introduction. After the hearing, […]