Business news

WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — Chemours Co. (CC) on Monday reported a loss of $18 million in its second quarter.

The Wilmington, Delaware-based company said it had a loss of 10 cents per share. Earnings, adjusted for non-recurring costs and restructuring costs, were 27 cents per share.

The chemical company posted revenue of $1.38 billion in the period.

Chemours shares have climbed 74 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $9.31, a fall of 16 percent in the last 12 months.


HARBESON, Del. (AP) — Poultry producer Allen Harim is celebrating upgrades at the company's processing plant in Harbeson.

The company says it has invested about $30 million to date in expansions and renovations and expects to invest a total of about $40 million by the end of next year.

Renovations at the Harbeson site include upgrades to its wastewater system and production lines that will allow production to double to almost 2 million birds a week.

State officials approved some $11 million in low-interest loans for the wastewater system improvements and expansions.

RICHMOND, Va. (AP) — A U.S. subsidiary of a Japanese plastic company plans to spend $45 million to expand a facility in Northern Virginia.

Gov. Terry McAuliffe announced Thursday that Toray Plastics' expansion at its Front Royal facility in Warren County will create 30 new jobs.

The company will receive an undisclosed amount of state funding through the Virginia Jobs Investment Program.

Toray's Tokyo-based parent company produces synthetic fibers, textiles, plastics, chemicals, pharmaceuticals and films. It has annual sales of more than $19 billion.

OCEAN CITY, Md. (AP) — An Ocean City marina is selling T-shirts featuring the phrases "White Lives Matter" and "Blue Lives Matter" to spread awareness about the conservation of marlins.

The White Marlin Marina is selling two types of the shirts — one in honor of white marlins and another in honor of blue marlins.

M.O. Stevens, via Wikimedia Commons

CHESAPEAKE, Va. (AP) — Discount store Dollar Tree plans to spend $110 million to expand its Virginia headquarters.

Gov. Terry McAuliffe announced the expansion Wednesday, saying it will create 600 new jobs in the next six years.

McAuliffe approved more than $9 million in grants for the expansion, which he said will help the state's economy.