Business

Spring lawsuit moved to federal court

May 1, 2015

(Greater Wilmington Business Journal)

A lawsuit filed by former Cape Fear Community College President Ted Spring will now be heard in a federal District Court instead of New Hanover Superior Court. The suit alleges college trustees forced Spring to resign in January. He is seeking reinstatement and at least $25,000 in damages.

Unifi's recycled yarn turns graduations green

May 1, 2015

(News & Record, Greensboro)

About 300,000 college graduates – including ones at Duke, UNC Chapel Hill and N.C. State – will wear caps and gowns woven with Greensboro-based Unifi's Repreve thread, which is made from recycled materials including plastic bottles. The gowns can be recycled again after ceremonies are over.

Thomasville trucking company reports 36.3% gain in net income

May 1, 2015

(Winston-Salem Journal)

Thomasville-based Old Dominion Freight Line reported first quarter net income of $62.5 million compared with $46.9 million a year ago. Revenue increased 12.2% to $696.2 million.

Duke Energy to build 2 lined landfills for storing coal ash

April 30, 2015

(The Charlotte Observer)

Duke Energy will build lined landfills for coal-ash storage at its Dan River plant near Eden and its Sutton Plant in Wilmington. The plan will help the Charlotte-based utility comply with a deadline imposed by state legislators requiring it to dispose of coal ash at four power plants by 2019.

Duke University to construct $100M building for engineering program

April 30, 2015

(The News & Observer, Raleigh)

Duke University plans to build a $100 million building that will contain labs and classrooms for its engineering and physics programs. Construction on the 85,000-square-foot building is expected to begin in late 2016 with an expected completion date of 2018.

PTI among nation's most expensive airports

April 30, 2015

(News & Record, Greensboro)

Piedmont Triad International Airport ranked No. 14 among the most expensive airports in the U.S., with an average round-trip fare of $443.91. RDU ranked No. 56, while Charlotte came in at No. 22. The U.S. Department of Transportation released the statistics, included in a quarterly report that surveyed the nation's 100 largest airports.

Bojangles' IPO expected next week

April 30, 2015

(The Charlotte Observer)

Bojangles' is expected to make its stock-market debut next week, according to Renaissance Capital, an IPO-focused research and management firm. The Charlotte-based restaurant chain said this week it plans to sell 6.2 million shares priced between $15 and $17 each. The IPO could raise about $122 million.

Study ranks Wilmington a top place to start a business

April 30, 2015

(StarNews, Wilmington)

Wilmington ranked No. 2 among best places in the country to start a business, according to personal-finance website NerdWallet.com. The study looked at 183 metro areas with 15,000 or more businesses and populations greater than 250,000. Wilmington earned high marks for its growing population, strong tourism industry and high volume of businesses. Boulder, Colo., was the top-ranked city.

Improved economy leads to enrollment dip at community colleges

April 30, 2015

(Winston-Salem Journal)

After several years of strong growth, student enrollment in the N.C. Community College System is declining, due largely to an improving state economy. Forsyth Tech enrollment decreased 4% from 2012-13 to 2013-14, while the 58-campus system has experienced a 5.4% overall decrease in the number of students enrolled.

NC State professor says state's economy is slowing

April 29, 2015

(WRAL TechWire)

Recent economic data shows North Carolina's economic growth is slowing, according to N.C. State University economist Michael Walden. In his latest report, Walden said that his monthly index of economic indicators has dropped four out of the last six months. "It appears the surge in the Index in late 2014 may have been temporary," he wrote.