Business
State attorney general seeks stay in Duke rate case
April 30, 2013
(Associated Press)
State Attorney General Roy Cooper wants the N.C. Utilities Commission to stay a rate increase implemented last year by Duke Energy after the state Supreme Court found earlier this year that the commission did not properly consider its effects on consumers.
Wilmington yogurt chain plans national expansion
April 30, 2013
(StarNews, Wilmington)
The Fuzzy Peach, a Wilmington-based yogurt chain, has signed franchise agreements for shops in South Carolina, Florida, Ohio, Pennsylvania, Arkansas and West Virginia as part of a national expansion effort. The chain was founded by three UNC Wilmington graduates.
Despite Congressional action, small airport towers may still close
April 30, 2013
(Hickory Daily Record)
Smaller air-traffic control towers such as the one at Hickory Regional Airport may still close despite Congressional action that gives the Federal Aviation Administration more flexibility with its money. The decision last week ends unpopular furloughs of air-traffic controllers.
Randolph County targets 200 acres for development
April 30, 2013
(News & Record, Greensboro)
Randolph County is partnering with Charlotte-based Duke Energy to examine what type of industries could possibly choose 200 acres north of Asheboro for development.
Italian logistics company coming to Charlotte
April 30, 2013
(The Charlotte Observer)
Italian logistics company Argol America Inc. will bring its North American headquarters to Charlotte, hiring 20 workers.
Tax breaks for businesses add up
April 29, 2013
(The News & Observer, Raleigh)
Tax breaks added up to $1 billion this year, showing how loopholes in the state's tax code favors some businesses over others.
Regulators close Lenoir bank
April 29, 2013
(Associated Press)
The Federal Deposit Insurance Corp. closed Lenoir-based Parkway Bank, which had three branches and $108.6 million in assets. Regulators arranged for Easley, S.C.-based CertusBank NA to purchase the bank's $103.7 million in deposits and $99.2 million of its assets.
NBC renews Wilmington-filmed 'Revolution'
April 29, 2013
(StarNews, Wilmington)
NBC will renew the dystopian drama "Revolution," for a second season, though it's unclear if its filming will remain in Wilmington.
Herbalife to start work on Winston-Salem plant
April 29, 2013
(News & Record, Greensboro)
Supplements maker Herbalife is expected to start converting the former Dell plant in Winston-Salem for its specifications in June after hiring the Raleigh office of Kansas City-based CRB Builders LLC as general contractor.
BNC Bancorp plans exit from bailout program
April 29, 2013
(Winston-Salem Journal)
High Point-based BNC Bancorp has taken out a $30 million loan that will allow it to exit from the federal Troubled Asset Relief Program. The bank says the move will help it save $1 million in dividend payments.
