Business

Lee County wants Duke Energy to pay fees to bury coal ash

December 3, 2014

(The Charlotte Observer)

Lee County officials say Duke Energy should have to pay fees for burying coal ash in reclaim clay mines there, arguing that the project should be treated the same as a landfill. Counties are paid host fees of $2 or more per ton of waste under state solid-waste law. County officials say they were told about the coal-ash plan only a day before Duke publicly announced it.

Lincoln Harris proposes mixed-use development in south Charlotte

December 3, 2014

(The Charlotte Observer)

Charlotte-based developer Lincoln Harris filed a request for a 188-acre parcel along Providence Road in south Charlotte to be rezoned for offices, retail, a public school and up to 500 residential housing units. The former Charlotte Golf Links property – part of the Carolina Trail group – went into foreclosure earlier this year. The land is zoned for single-family residential use; a rezoning hearing will likely be held in early 2015.

Developer cleared to build nine-story Asheville hotel

December 3, 2014

(Asheville Citizen-Times)

MHG Tower has received approval from a city technical review committee to begin construction on a new Marriott hotel in downtown Asheville. The nine-story hotel will be built on the site of the former BB&T building parking garage. The 17-story main building will later be converted into condominiums and a boutique hotel.

UNC, NC State to offer joint degree in biomedical engineering

December 3, 2014

(The News & Observer, Raleigh)

UNC Chapel Hill and N.C. State University are planning to launch a joint degree in biomedical engineering. Pending approval from the UNC Board of Governors, the program could enroll its first students as early as next fall.

Greensboro's Prospect Brands buys menswear company

December 3, 2014

(Winston-Salem Journal)

Prospect Brands will acquire a majority interest in Midway, Ky.-based men's apparel-maker Crittendon & Co. The Greenboro-based company's brands include Duck Head and Gerbing, an outerwear manufacturer.

Analyst says Salix accounting problems "overdone"

December 3, 2014

(The News & Observer, Raleigh)

Analysts with Sterne Agee said Tuesday that Salix Pharmaceuticals' accounting concerns "may be overdone." The Raleigh-based drug-maker has lost 27% of its market value since restating drug-inventory levels in November. 

Duke Energy to solicit bids for coal-ash management

December 3, 2014

(The Charlotte Observer)

Duke Energy will seek proposals from researchers, universities and other industry specialists for beneficial ways to reuse coal ash. Interested bidders should submit their organization name and contact information to CoalAshReuse@duke-energy.com by Dec. 9. The company will accept proposals through Feb. 6, 2015.

GlaxoSmithKline said to be planning US job cuts

December 2, 2014

(The News & Observer, Raleigh)

GlaxoSmithKline is expected to announce U.S. job cuts as part of a corporate restructuring, according to a report from Bloomberg News. The London-based pharmaceutical company employs about 4,500 people at its North American headquarters in RTP and about 500 at a manufacturing plant in Zebulon.

Report: MetLife may move more workers to NC

December 2, 2014

(WRAL TechWire)

MetLife could move as many as 6,000 more workers to North Carolina from offices in New York and New Jersey, according to a report in The New York Post. The world's largest life-insurance company announced in 2013 it would move 2,300 jobs to Charlotte and Cary from various locations across the U.S. The company has not confirmed any additional job relocations.

Southern Season to open Mebane distribution center

December 2, 2014

(The Times News, Burlington)

The city of Mebane approved a $90,000 incentive package for Chapel Hill-based Southern Season to build a $5.8 million to $5.9 million distribution center by summer 2015. The company operates stores in Chapel Hill, Charleston, S.C., and Richmond, Va. and plans to add more stores. The distribution center will employ 45 workers.