Business

Wilmington's Sutton Lake reclassified for fishing

November 10, 2014

(StarNews, Wilmington)

State environment officials reclassified Sutton Lake as a public fishery, meaning the 1,100-acre lake will be subject to stricter water-quality standards and more frequent inspections. The New Hanover County lake was created to cool water from Duke Energy's nearby Sutton power plant. 

 

Salix CFO resigns, shares fall sharply after third quarter loss

November 7, 2014

(The News & Observer, Raleigh)

Salix Pharmaceuticals announced an inventory audit of its best-selling drug and the resignation of Chief Financial Officer Adam Derbyshire, who had been with company since 2000. The Raleigh-based drug-maker reported a loss of $88.6 million – or $1.39 a share – in the third quarter; analysts had projected earnings of $1.56 a share. Revenue also fell short of analysts' expectations.

DENR tells Duke Energy groundwater plans are insufficient

November 7, 2014

(The Charlotte Observer)

The N.C. Department of Environment and Natural Resources told Duke Energy it's plans for assessing groundwater contamination near coal-ash ponds at 14 power plants are inadequate. The state agency gave the Charlotte-based company 30 days to resubmit revised plans.

CLT hopes to open new parking deck before Thanksgiving

November 7, 2014

(The Charlotte Observer)

The new $120 million, seven-story parking deck at Charlotte Douglas International Airport is expected to open before Thanksgiving, typically the busiest week of the year according to interim aviation director Brent Cagle. The new hourly parking deck will add 4,000 public parking spaces and 3,000 spaces for rental cars.

NC officials host private meeting on offshore drilling

November 7, 2014

(The Daily Reflector, Greenville)

Federal regulators met Thursday in Raleigh with officials from North Carolina, South Carolina and Virginia in a closed-door meeting to discuss plans for offshore drilling. Representatives from private groups funded by oil and gas companies were in attendance, while environmental advocates were denied admission and reporters were only allowed in for Gov. Pat McCrory's closing remarks.

Krispy Kreme plans 20 shops in Bangladesh

November 7, 2014

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts continues its global expansion with a franchise agreement to open 20 shops in Bangladesh over five years.

BofA takes $400 million legal charge

November 7, 2014

(The Charlotte Observer)

Bank of America announced it took a $400 million charge in the third quarter to cover legal costs related to a federal investigation of its foreign-exchange business.

Lenovo reports disappointing 2Q revenue as China market cools

November 7, 2014

(The News & Observer, Raleigh)

Net income for China-based Lenovo rose 19% to $262 million in the second quarter, beating analysts' projections, but overall revenue fell short of expectations. Slow sales growth in China led to a 2% decline in that market. The world's No. 1 PC maker, which has its North American headquarters in Morrisville, this week launched a marketing campaign for its Yoga laptop in an effort to increase holiday sales.

Solar projects help make NC No. 5 in clean-energy ranking

November 7, 2014

(Asheville Citizen-Times)

North Carolina ranked fifth –up from the No. 10 spot in 2013 – in the nation in clean-energy job announcements, according to a report from Environmental Entrepreneurs, a Washington, D.C.-based nonprofit organization. 

New Hanover Regional names new information officer

November 7, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center named Joe Norris vice president of information services. Norris, who was the Wilmington-based hospital system's chief technology officer for three years, was selected following a national search.