Business

CLT breaks passenger record in 2015

February 11, 2016

(The Charlotte Observer)

Charlotte Douglas International Airport saw 44.9 million passengers in 2015, up 1% from the previous year and up 59% from 10 years ago. About 80% of passengers use the airport for connecting flights.

Wilmington's Live Oak Bank launches e-lending program

February 11, 2016

(Greater Wilmington Business Journal)

Live Oak Bank has completed the beta phase of its new e-lending program, which will allow small businesses within its existing industries to upload loan documents, fill out forms and electronically sign documents.

NC fines Duke Energy $6.6M over coal-ash spill

February 10, 2016

(The News & Observer, Raleigh)

Two years after a stormwater pipe ruptured and 39,000 tons of coal ash flowed into the Dan River, the N.C. Department of Environmental Quality fined Duke Energy $6.6 million for violations related to the spill.

Advertisers won't snub 'sore loser' Newton

February 10, 2016

(The Charlotte Observer)

Cam Newton's sulking press-conference performance after the Super Bowl isn't likely to affect future endorsements, marketing experts say. Forbes estimated Newton earned $10 million in 2015 from endorsements including Under Armour, Beats by Dre and Belk. "I've been on the record to say I'm a sore loser," Newton said Tuesday.

Kellogg's considering $19.5M expansion in Cary

February 10, 2016

(The News & Observer, Raleigh)

The Cary Town Council will hold a public hearing Thursday to consider more than $216,000 in incentives for cereal- and snack-maker Kellogg's to expand its local facility. The company is considering a $19.5 million investment that would increase production; no new jobs are anticipated.

Carolinas HealthCare could name Tarwater's replacement Thursday

February 10, 2016

(The Charlotte Observer)

Carolinas HealthCare System could name its new CEO at a special board meeting Thursday morning. Michael Tarwater, who has led the Charlotte-based hospital system since 2002, is retiring in June.
Related: Carolinas HealthCare CEO was paid $6.6 million

Martin Marietta rocks along, missing earnings estimate

February 10, 2016

The U.S. infrastructure crisis story hasn't panned out for Martin Marietta shareholders over the past decade. The Raleigh-based company reported earnings slightly below estimates Tuesday.

Tyson Foods adding 56 jobs in Monroe

February 10, 2016

(The Charlotte Observer)

Springdale, Ark.-based Tyson Foods will proceed with a $5 million expansion at its chicken processing plant in Monroe. The expansion will add 56 jobs; the company currently employs about 1,500 people at the plant. The city of Monroe and Union County are offering about $225,000 in incentives.

Ingles reports first quarter results

February 10, 2016

(Asheville Citizen-Times)

Net sales declined 1.4% to $951.1 million, but gross profit increased to $225.6 million from $224.4 million during the first quarter of fiscal 2016 at Ingles Markets. The Asheville-based grocery chain is planning capital investments of $100 million to $140 million in 2016.

Highwoods plans $40.9M office building in Cary

February 10, 2016

(The News & Observer, Raleigh)

Highwoods Properties will begin construction of a 167,000-square-foot office building in Cary in the second quarter. The $40.9 million project, in the Weston area, should be complete by the third quarter of 2017. The Raleigh-based REIT reported fourth-quarter earnings that beat Wall Street estimates by a penny a share.