Business

Coal-ash warnings arrived late, officials say

August 25, 2014

(News & Record, Greensboro)

The director of Rockingham County's emergency management program wonders why Duke Energy officials didn't notify local emergency crews as soon as they discovered a coal-ash spill into the Dan River on Feb. 2. State environmental regulators say they weren't alerted to potential contamination of the area's water supply until about 18 hours after it was first detected by a Duke security guard.

Durham's Argos leases land for new $41M headquarters

August 25, 2014

(The News & Observer, Raleigh)

Argos Therapeutics signed a 10-year lease in Durham County where the drug developer will invest $41 million to build a new headquarters and manufacturing plant. Argos, which raised $45 million in an initial public offering in February, plans to create 236 new jobs by 2018.

Organic poultry company to renovate former Townsends plant in Siler City

August 25, 2014

(The News & Observer, Raleigh)

Carolina Premium Foods plans to invest $4 million to renovate a former Townsends chicken-processing plant in Siler City. The Whispering Pines-based company, which produces organic, free-range poultry products, expects to create 300 jobs within five years.

Hundreds attend Sanford fracking hearing

August 25, 2014

(The Fayetteville Observer)

More than 400 people attended a four-hour hearing on fracking for natural gas in Sanford Friday. The majority of the 85 speakers voiced opposition to the practice, which supporters say will create jobs in the area. 

Board finds contractor accountable in Boone motel deaths

August 25, 2014

(Asheville Citizen-Times)

The N.C. Board of Examiners of Plumbing, Heating & Fire Sprinkler Contractors suspended one contractor's license for a year and filed a complaint against a second contractor for mistakes at a Boone motel that led to the deaths of three people from carbon monoxide poisoning in 2013.

Hundreds of film supporters gather in Wilmington

August 25, 2014

(StarNews, Wilmington)

Several hundred crew members, vendors and others gathered for a group photo at Wilmington's Battleship Park to show support for the local film industry. The state legislature will allow the current incentive program to expire Jan. 1, 2015 and will replace it with a $10 million grant program.

Success of Cherokee casino threatened by competition

August 25, 2014

(The Charlotte Observer)

South Carolina-based Catawba Indian Nation hopes to mimic the success of the Eastern Band of Cherokee Indians by building a $339 million casino in Cleveland County. More than 3 million people a year visit Harrah's Cherokee Casino Resort, and the tribe has used a portion of the proceeds to build a new hospital, justice center and schools. 

Charlotte's Duke Energy selling 11 Midwestern power plants for $2.8 billion

August 25, 2014

(The Charlotte Observer)

Duke Energy will sell 11 Midwestern power plants to Houston-based Dynegy for $2.8 billion. The sale will include nine plants in Ohio and one apiece in Illinois and Pennsylvania. Pending regulatory approval, the deal will close by early 2015.

BofA reaches record $17 billion settlement with DOJ

August 22, 2014

(The Charlotte Observer)

Bank of America's $16.65 billion settlement with the federal government includes $7 billion in relief to thousands of mortgage customers in all 50 states. It's the largest settlement ever between the U.S. government and a single corporation.

Analyst: BofA could move HQ to Boston within five years

August 22, 2014

(The Charlotte Observer)

Bank of America may relocate its headquarters from Charlotte to Boston within the next five years, according to banking analyst Dick Bove of Rafferty Capital. Bove told the Wall Street Journal the bank's recent promotion of Thomas Montag to sole chief operating officer is the latest sign of a power shift away from Charlotte.