Business
Cree revenue helped by consumer-targeted light bulbs
April 24, 2013
(The Herald-Sun, Durham)
Durham-based Cree's third-quarter revenue jumped 23% as it was helped by the introduction of its consumer-targeted LED light bulb.
Reynolds American first-quarter income rises
April 24, 2013
(Winston-Salem Journal)
Winston-Salem-based Reynolds American posted a 9.3% increase in first-quarter profit as it gained market share and cut expenses.
Burlington developer plans Greensboro apartments
April 24, 2013
(News & Record, Greensboro)
Burlington developer Tom Holderby has proposed a 360-unit apartment complex for south Greensboro. He has already built about 900 apartments between the Triad and South Carolina.
Chiquita names new CFO
April 24, 2013
(The Charlotte Observer)
Charlotte-based banana giant Chiquita Brands International named Rick Frier chief financial officer. He has 30 years of experience helping manage finances for other companies.
Charlotte business leaders support tax hike for Panthers' upgrades
February 26, 2013
(The Charlotte Observer)
Charlotte business leaders have pledged their support to a proposal to raise taxes to help pay for part of the Carolina Panthers' planned $250 million upgrade to Bank of America Stadium.
Chinese firm picks Charlotte for U.S. headquarters
April 23, 2013
(The Charlotte Observer)
Chinese information-technology company Pactera Technology International will bring its U.S. headquarters to Charlotte, adding 200 jobs that pay an average of $100,000. The company already employs 60 in the city.
ACC contract makes leaving league more difficult
April 23, 2013
(The News & Observer, Raleigh)
A new Atlantic Coast Conference contract among its 15 teams should make it more difficult to poach any of the league's teams because of a clause that allows the ACC to retain a school's television rights if they depart. That would mean no television revenue for a new league.
High Point Market opens amid optimism
April 23, 2013
(Winston-Salem Journal)
The spring High Point Market opened Monday amid optimism as home sales have improved this spring in many parts of the country, boding well for furniture sales.
Manufacturer expanding in Montgomery County
April 23, 2013
(The News & Observer, Raleigh)
Jordan Forest Products, a maker of wooden pallet parts, will expand its plant in Biscoe, adding 31 to its local workforce of 301 and investing $1.4 million.
Duke Energy wants to double renewable-energy investment
April 23, 2013
(The Charlotte Observer)
Charlotte-based Duke Energy wants to double its renewable-energy portfolio by 2020, according to its annual sustainability report. The company also wants to reduce its carbon-dioxide emissions by 17% by then.
