Business

Visitor spending on the rise at national parks in NC

April 29, 2016

(Asheville Citizen-Times)

The latest report from the National Park Service shows that 17.8 million visitors spent $1.19 billion in North Carolina in 2015, supporting 19,984 jobs and generating an economic impact of $1.67 billion. The Blue Ridge Parkway is the most popular attraction in the NPS with more than 15 million visitors in 2015. 

Duke Energy to increase investments in renewables

April 29, 2016

(The Charlotte Observer)

Charlotte-based Duke Energy plans to increase its wind, solar and biomass capacity to 8,000 megawatts by 2020, raising its goal of 6,000 megawatts set in 2013 by 33%. At the end of 2015, the company owned or purchased nearly 4,400 megawatts of renewable energy: 49% wind, 39% solar and 12% biomass.

Hanesbrands buying Australia's Pacific Brands for $800 million

April 28, 2016

(Winston-Salem Journal)

Pacific Brands is Australia's top underwear company, best known for its Bonds brand. It will be the sixth acquisition for Winston-Salem-based Hanesbrands in the last three years. The company paid $585 million for Maidenform Brands in 2013 and $528 million for European manufacturer DBApparel in 2014 and just announced a $228 million deal to buy Champion Europe.

ECU names former Georgia state senator as its new chancellor

April 28, 2016

(The News & Observer, Raleigh)

Cecil Staton, 58, is currently interim president of Georgia's Valdosta State University and vice chancellor for extended education for the University System of Georgia. He served as a Republican state senator in Georgia from 2005-2014. The Greenville, S.C., native will begin July 1 and will receive an annual salary of $450,000, making him the third highest-paid chancellor in the UNC System. Staton succeeds Steve Ballard, who is stepping down after 12 years in the position.

BofA shareholders approve directors; CEO calls for HB2 repeal

April 28, 2016

(The Charlotte Observer)

At Bank of America's annual shareholder meeting, CEO Brian Moynihan repeated the bank's position that HB2 should be repealed. Shareholders approved all directors and compensation for top executives, while Moynihan fielded questions about continued weak stock performance and defended his decision to maintain his primary residence in Boston. Related: How much NC bank CEOs get paid

High Point U announces $160M in new construction

April 28, 2016

(News & Record, Greensboro)

The university will build a residence hall for 310 students, a $60 million science building and a $70 million arena and convention center. The arena will have 5,000 permanent seats but will be able to accommodate up to 6,500 people for concerts and ceremonies. The convention center will hold up to 2,500 people. The projects will be paid for through fundraising and operating revenues.

Cary considers plans for $51M mixed-use project

April 28, 2016

(The News & Observer, Raleigh)

Northwoods Associates would invest $46 million and the Town of Cary would pitch in $5 million to build a 55,000- to 75,000-square-foot office and retail building,188 apartments and a parking deck in downtown Cary. The historic Ivey-Ellington House would need to be moved to make way for the project. 

BB&T communications chief to retire

April 28, 2016

(Winston-Salem Journal)

Cynthia Williams, chief corporate communications officer since 2009, will retire June 30. Williams, 63, was part of the Winston-Salem-based bank's executive management team. She joined BB&T in 2003 through its acquisition of First Virginia Bank.

Drugmaker creating 275 jobs in Durham

April 27, 2016

(The News & Observer, Raleigh)

Aurobindo Pharma will invest $31.7 million and create 275 jobs in a Durham research and development facility. The India-based company makes semi-synthetic penicillins and other generic drugs. Aurobindo could receive up to $3.8 million in state incentives if it meets hiring goals.

NC teacher pay fell 13% in the last 15 years

April 27, 2016

(WRAL.com)

When adjusted for inflation, teacher pay in North Carolina has dropped more than 13% since 1999, according to the National Center for Education Statistics. The average teacher salary in the U.S. dropped 1.8% during that time. In 2013-14, North Carolina teachers were ranked 47th in the nation based on salary, earning nearly $12,000 less than the national average.