Business

Glaxo shuts down Zebulon plant over bacteria scare

August 12, 2015

(WRAL.com)

GlaxoSmithKline temporarily shut down part of its pharmaceutical manufacturing site in Zebulon after the bacteria that causes Legionnaires' disease was found in the cooling towers,

Polk County commissioners pan Duke Energy power line plans

August 12, 2015

Polk County commissioners voted to oppose Duke Energy’s plans for a transmission line through the mountain county.

North Carolina tourism's impact tops $20 billion

August 12, 2015

(The Charlotte Observer)

Tourism spending statewide topped $21.3 billion for 2014, up 5.5% from the previous year, according to the N.C. Department of Commerce.
 


Read more here: http://www.charlotteobserver.com/news/business/article30718362.html#storylink=cpy

Cree reports $20M quarterly loss

August 12, 2015

Chuck Swoboda, CEO of LED lighting maker Cree, blames a $20.6 million quarterly loss on a tough competitive environment. For the year Cree earned $72 million compared with $203 million in the previous year.

94% of Triangle apartments are occupied

August 12, 2015

(The News & Observer)

Apartment occupancy rates for the Triangle increased to 94% in the second quarter, according to MPF Research. Rents increased 5.9% from a year earlier.

 

Air Wilmington to add a hangar

August 12, 2015

(Wilmington Business Journal)

Air Wilmington, a fixed-based operator at Wilmington International Airport, broke ground on a hangar.

Former Charlotte Mayor Foxx sued over alleged sham job

August 12, 2015

(WSOCTV.com)

A federal bankruptcy case filed Friday contends Foxx received more than $400,000 as a corporate attorney for DesignLine, a bus maker, but didn't fulfill his job.

Snyder's-Lance profits exceed forecast

August 11, 2015

(The Charlotte Observer)

Snackmaker Synder's-Lance surprised investors with a larger quarterly profit than expected. Increased sales of pretzels and kettle chips paved the way.

Veteran McKinney ad-agency CEO gains new role

August 11, 2015

(The News and Observer)

Brad Brinegar, CEO of Durham-based ad agency McKinney since 2002, was named CEO of North America for his company's Korean-based parent.

Womble Carlyle adds lobbying prowess

August 11, 2015

(The Winston-Salem Journal)

A former Reynolds American executive is joining Womble Carlyle Sandridge & Rice to form a new group specializing in lobbying and government relations.