Tuesday, January 10, 2006

Jones Lang LaSalle

DuPont buys Parsippany company

Morris County
• DuPont Chemical Solutions Enterprise has acquired Parsippany-based Belco Technologies Corp., an air-quality control company servicing oil refineries. Financial terms were not disclosed.
• DRS Technologies, based in Parsippany, has received a $5.3 million award from the Navy to provide engineering and technical support services. The order is part of a $42.5 million contract.
Region
• Wiss & Co., a Livingston accounting firm, has merged Casey, Townsend & Killian of Warren into its operations.
State
• Phytopharm, a U.K. biotechnology company, said Kenilworth-based Schering-Plough Corp.'s animal health unit will market and distribute its treatment for skin rashes in dogs.
Nation
• The founder of the credit-counseling firm AmeriDebt agreed to pay $35 million to settle suits filed by regulators and former customers about $172 million in allegedly hidden fees it collected from debtors.
• Alcoa reported a 16 percent decline in its fourth-quarter profit, missing Wall Street projections as it was racked by setbacks from hurricane-related refinery slowdowns to restructuring costs.
World
• A group of major European shareholders is suing Royal Dutch Shell for several hundred million dollars in damages after the company's 2004 oil reserves accounting scandal.