Business

Brunswick County to create economic-development department

July 1, 2015

(StarNews, Wilmington)

Fast-growing Brunswick County will establish an economic-development department Wednesday after all members of a local economic-development commission resigned. Brunswick County Manager Ann Hardy will become interim director of the new department, while Jim Bradshaw, executive director of the commission, will become a special adviser until he retires in October.
Related: Board of economic development group resigns, Greater Wilmington Business Journal

Rooms to Go seeks to fill 225 jobs in Dunn

July 1, 2015

(The Fayetteville Observer)

Rooms to Go will begin hiring this month for its Dunn distribution center, which is expected to open in August. The $40 million project will create the company's second largest U.S. distribution center.

Congress allows federal Export-Import Bank to expire

July 1, 2015

(The News & Observer, Raleigh)

The federal Export-Import Bank was set to expire Tuesday, despite protests from the National Association of Manufacturers, which says the bank's existence is critical for the U.S. to compete in the global marketplace.
Related: Local companies disappointed at export-import bank sunset, Greater Wilmington Business Journal

Duke Energy's NC president to retire in August

July 1, 2015

(The Charlotte Observer)

Paul Newton, Duke Energy's North Carolina president, will retire Aug. 31. Newton has been an employee of the Charlotte-bsaed utility since 1990 and became president of the N.C. market in 2013.

Carpet manufacturer expanding in Rutherford County

June 30, 2015

(RC Catalyst)

White Oak Carpet Mills will add 40 jobs at its carpet- and rug-manufacturing operations in Rutherford County. The company will invest more than $4.1 million over three years in Spindale, where it has being making rugs for 16 years. White Oak is a division of Wichita, Kansas-based CAP Carpet.

Walden: NC's economic growth will accelerate

June 30, 2015

(The News & Observer, Raleigh)

North Carolina's economy will grow at a faster rate from now until the end of 2015, according to a biannual forecast by N.C. State University economist Michael Walden. Walden predicts the state unemployment rate will fall to 5.5% and N.C. will add 105,000 nonfarm jobs.

Duke Energy CEO gets pay raise

June 30, 2015

(The Daily Reflector, Greenville)

Duke Energy CEO Lynn Good's salary will increase by $50,000 to more than $1.2 million, while her total compensation could reach $10.5 million, according to a company filing with the SEC. Good's pay was slashed by about $600,000 in 2014 as the Charlotte-based company anticipated spending millions in cleanup, fines and legal fees related to the Dan River coal-ash spill.

Economist: Greek crisis should have minimal impact in US

June 30, 2015

(The Charlotte Observer)

The impact of the debt crisis in Greece shouldn't have much of an impact on Charlotte and the rest of the U.S., Jay Bryson says, unless the problems spread to the entire European financial system. Bryson is a Charlotte-based global economist with Wells Fargo Securities.

Armstrong Marine debuts first boat

June 30, 2015

(Jacksonville Daily News)

Armstrong Marine has completed the first boat at its Onslow County facility. The Port Angeles, Wash.-based company announced last year plans to hire up to 200 people at the former Hatteras Yacht plant, which closed in 2008. Armstrong makes aluminum boats for law-enforcement agencies, the military and others.

Lenovo's top shareholder raises $2B

June 30, 2015

(The News & Observer, Raleigh)

China-based Legend Holdings, which holds a 30.6% stake in Beijing-based Lenovo, raised $2 billion in an initial public offering on the Hong Kong exchange. Lenovo, which has its North American headquarters in Morrisville, employs about 3,500 people in the Triangle.