Business

Duke Energy CEO earns 30% more in 2015

March 25, 2016

(The Charlotte Observer)

Lynn Good's total compensation jumped 30% last year to $10.8 million, compared with $8.3 million in 2014. The Charlotte-based utility earned $2.8 billion in 2015 and reported revenue of $23.5 billion.

Yarn-maker closing China Grove plant

March 25, 2016

(Winston-Salem Journal)

Tuscarora Yarns will close its plant in China Grove by May 9, according to a filing with the N.C. Commerce Department. The plant's 123 workers can apply for jobs at the company's other two plants.

Johnston County reverses stance, now supports CSX

March 24, 2016

(WRAL.com)

After a closed-door meeting Wednesday, Johnston County commissioners said they now support CSX's plan to build a $272 million cargo terminal there, though Chairman Tony Braswell said there has been no recent communication with the Jacksonville, Fla.-based company.

Study: Charlotte lags in R&D and innovation

March 24, 2016

(The Charlotte Observer)

Charlotte has done a good job of integrating its economy in global markets, with 14% of its gross domestic product made up of exports in 2014. But lack of a great research university, patents and research and development keep it far behind other cities in a report by the Brookings Institution.

Charlotte, Triangle lead state in population growth

March 24, 2016

(The News & Observer, Raleigh)

New numbers released by the U.S. Census Bureau show that metro areas in the Triangle and Charlotte accounted for more than two-thirds of the state's population growth in the year that ended July 1. On the flip side, 48 mostly rural counties saw their populations shrink.

Kinston hospital to partner with UNC Health Care

March 24, 2016

(Winston-Salem Journal)

The board of directors of Lenoir Memorial Hospital voted to pusue a management-services agreement with UNC Health Care. The Kinston hospital ended a similar agreement with Novant Health in late October. If an agreement is reached, it would be the 10th hospital that UNC Health Care owns or manages.

Raleigh's Three Ships spins off SEO business

March 24, 2016

(The News & Observer, Raleigh)

Raleigh digital marketing agency Three Ships has been rebranded as CRISP, and the company spun off its search engine optimization business into a new company called Demand Signals. Each company has about 35 employees.

Ecolab lays off 60 at Charlotte Swisher office

March 24, 2016

(The Charlotte Observer)

Ecolab, which bought assets of Charlotte-based Swisher in November, plans to close the company's SouthPark office, affecting 60 workers. The company provides janitorial and cleaning-supply services.

Deschutes Brewery chooses Roanoke over Asheville

March 23, 2016

(Asheville Citizen-Times)

Oregon-based Deschutes Brewery said Tuesday it has picked Roanoke, Va., as the location for its East Coast brewery. Buncombe County had spent $6.8 million to buy 137 acres for the project; David Gantt, chairman of the Buncombe County commission, said he believes the county will be able to sell the land without losing money.

Charlotte could bid again on hosting X Games

March 23, 2016

(The Charlotte Observer)

Officials at Charlotte Motor Speedway say they have had preliminary discussions with ESPN about hosting the summer X Games in 2017 and 2018. The network is seeking bids from interested cities after ending its agreement with Austin, Texas a year earlier than expected. Last year's X Games, which features skateboarding, motocross and other "extreme" sports, had an economic impact of $102.3 million in Austin.