DuPont pulls plug on power plan

Article Abstract:

DuPont Co. and its energy subsidiary Conoco Inc. have withdrawn their plans of a $250 million joint venture with American Electric Power Inc. intended to reduce DuPont's energy costs and expand its electricity business. A DuPont statement released May 18, 1998, said the companies failed to reach a strategic agreement on fundamental issues. DuPont spokesman Clifton Webb, who would not elaborate on the failed talks, said the decision is not related to DuPont's plans to spin off Conoco. American Electric spokesman Pat Hemlepp expressed the company's surprise and disappointment over DuPont's announcement.

Comment:

Plans of a $250 mil joint venture with DuPont & Conoco did not materialize with the withdrawal of DuPont & Conoco

Electric Power Generating, Electric Power Generation, Ohio, Texas, E.I. du Pont de Nemours and Co., Conoco Inc., American Electric Power Company Inc.

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Building through four generations

Article Abstract:

EDiS is celebrating its 90th anniversary this year, which experts regard as an exceptional event for a family owned and operated company. The company was by Italian immigrant Ernest DiSabatino and his two sons, Arthur and Clarence, in 1908. From a masonry business in 1908, EDiS at present has left its mark on historic edifices across Delaware, from the Beebe Hospital in Lewes, DE, to the University of Delaware stadium to Hercules Plaza in Wilmington, DE. Chairman E. Andrew DiSabatino Jr. is the fourth generation DiSabatino to lead the biggest construction in Delaware.

Comment:

Is celebrating its 90th anniversary this year, which experts regard as an exceptional event for a family owned co, co profile

Construction, EDiS Co.

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Subsidiary of Xerox is adding jobs

Article Abstract:

Xerox Connect Inc. of Wilmington, DE, is planning to increase its workforce by up to 600 individuals. Xerox Connect, which made the announcement on Jun. 2, 1998, represents Rochester, NY-based Xerox Corp.'s newest venture, a designer and installer of networks and software for businesses. Xerox Connect, which will be hiring engineers and software developers who will be working at their clients' locations, aims to generate additional clients for its services from the local banking and pharmaceutical industries in Delaware.

Comment:

Is planning to increase its workforce by up to 600 individuals

Software Publishers, Labor force information, Networking Software Pkgs, Network software, Xerox Connect Inc.

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