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There will be layoffs by Chemours Company as it cuts more than $350 million in spending by 2017.

But the Wilmington News Journal reports that the firm would not provide any more details.

DuPont cut the Wilmington-based company loose last July.

It employs around 700 workers in the First State.

The News Journal reports that most of those are located in the Wilmington headquarters with another 20 in Red Lion.

In addition, the company is looking to up its profits with a review of its chemical solutions business. 

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The United Steelworkers union and the Chemical Workers Union Council are threatening Dupont and Chemours companies to go to regulators over safety inspection problems.

The unions sent a letter to the CEO of the two firms charging that the DuPont did not allow health and safety experts to deal with – what they described as – hazardous conditions at the facilities.

There are around a thousand workers at DuPont and Chemours are represented by the United Steelworkers union.

That includes the Chemours pigmentation facility in in Edge Moor.

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The proxy war is over and the DuPont Board of Directors is still intact.

The Nelson Peltz's Trian Fund conceded defeat even before the results were announced at the annual stock holders meeting.

In addressing the meeting CEO Ellen Kullman said that she was encouraged by the feedback that she had received from shareholders during the proxy battle.

But, she added, there was more work to be done to realize the company’s potential.

Peltz had initially called for splitting DuPont into two companies but then backed away.

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A $35 million facility is now being built at DuPont’s Stine-Haskell Research Center in New Newark for expanding its soybean operation.

The property has already been cleared for the nearly 134-thousand square-foot facility on Elkton Road.

This will be the second structure in Delaware that will be dedicated soy beans with the Pioneer name.

Plans include two modern greenhouses and three high-tech 60-thousand gallon water collection units to recycle run-off.


Scandal has hit the DuPont family again.

This time Robert Richards IV, who is on probation after pleading guilty in 2008 to fourth-degree rape of his daughter is facing a lawsuit by his former wife who accuses him of molesting his toddler son.

The lawsuit filed in Superior Court offers up details about a child rape case that did not ge a lot of media attention.

And the Wilmington News Journal reports authorities never disclosed publicly.

Richards is the son of two prominent Delaware families – the DuPonts and the Richards family.

DOVER, Del. (AP) - The DuPont Co. says weakness in performance chemicals and electronics and communications, coupled with costs associated with growth initiatives, led to a sharp drop in fourth-quarter income.

The company on Tuesday reported net income for the quarter ending Dec. 31 of $111 million, or 12 cents per share. That's down from $373 million, or 40 cents per share, for the fourth quarter of 2011.

The results beat the consensus estimate of Wall Street analysts of 7 cents per share.

Sales for the quarter were flat at $7.3 billion.

DuPont has been hit with a $1 billion bill in a patent-infringement case over a competitor’s seed technology.

The federal jury took only 45 minutes to deliver the largest award in the nation this year. 

The jurors found that DuPont’s Pioneer seed unit violated Monsanto’s patents on engineered seeds for herbicide-tolerant soybeans.

The Wilmington News Journal reports that Roundup Ready crops are at the heart of the $13.7 billion in annual revenue for Monsanto.