Business

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. 

Lee County to host public fracking meeting

August 22, 2014

(WRAL.com)

Sanford residents will attend a public hearing Friday evening to voice opinions on hydraulic fracturing. Lee County is in the heart of the Deep River Basin, which scientists believe to be the most promising site in the state for shale gas potential (Statewide, Triangle Region, July). The public meeting is one of four planned by the state Mining and Energy Commission. 

Veterinary supplier creating 47 jobs in Guilford County

August 22, 2014

(Winston-Salem Journal)

MWI Veterinary Supply will open a distribution center in Browns Summit by Oct. 1. The Boise, Idaho-based company will invest $3.15 million and create 47 jobs at the site. The company sells veterinary pharmaceuticals, vaccines and related products.

Dollar General not giving up after Family Dollar rejects buyout offer

August 22, 2014

(The Charlotte Observer)

Family Dollar Stores rejected Dollar General's $9.7 billion bid on Thursday, citing concern that antitrust regulators would block a merger between the two discount retailers. Dollar General CEO Rick Dreiling said his company is still committed to acquiring Matthews-based Family Dollar.

Coastal Federation to help develop economic-development model for Wilmington area

August 22, 2014

(Greater Wilmington Business Journal)

The N.C. Coastal Federation launched an initiative to establish a model industrial development process for Wilmington and New Hanover County that will help preserve the area's natural resources.