Business

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.

Indian textile firm adding plant in Martin County

August 11, 2015

(Areadevelopment.com)

AR Textiles plans to spend $12 million to renovate a building in Robersonville for use as a textile plant. The 38 employees will have average pay of about $26,000.