Shelby offers historic-property designation to brew-pub building

December 22, 2015

(The Shelby Star)

Shelby's city council approved historic property designations for two downtown buildings, including one that houses the new Newgrass Brewing Co. The beer-pub is in the former Hudson Department Store building, which is still owned by the Hudson family. Designees can receive 50% reductions on property taxes.

CBRE says Charlotte real-estate market to remain robust

December 22, 2015

(The Charlotte Observer)

Real estate brokerage CBRE expects Charlotte commercial real estate to remain strong through 2016, according to its annual report. Higher rents for office and industrial space and residential properties are likely even as development approaches record levels in the area.


American Banker magazine names BB&T's King Banker of Year

December 22, 2015

(The Winston-Salem Journal)

American Banker magazine named BB&T Chairman Kelly King as its banker of the year, citing his 26 years as a senior BB&T manager and the bank's completion of two major acquisitions. King, 67, has no retirement plans. Since he became CEO in 2009, BB&T has grown from $136.5 billion in total assets to $220 billion, pending completion of its purchase of National Penn Bancshares Inc.

Increasing poultry production threatens Cape Fear, riverkeeper warns

December 22, 2015

(Goldsboro News-Argus)

A growing number of poultry farms in southeast  North Carolina is a looming threat to Cape Fear River's water quality because the region is in a part of the state already home to many industrial hog operations, according to Riverkeeper Kemp Burdette. North Carolina farms produce millions of hogs and hundreds of millions of chickens and turkeys annually, producing waste that runs into ditches during rains and eventually, into the river basin, according to the Fayetteville Observer. Twenty percent of state residents rely on the Cape Fear for their water.

Bankers association pushing literacy message to students

December 22, 2015

(The Charlotte Observer)

The North Carolina Bankers Association is starting a program to send bankers to the state's schools to teach financial literacy such as budgeting and interest compounding. The hope is to also improve the students' perception of bankers. Many students have a negative perception of bankers, according to the association.

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Duke Energy on watch for potential threats, executive says

December 22, 2015

(The Associated Press)

Duke Energy is working closely with U.S. intelligence agencies to stay alert to possible cyberattacks that would slow the flow of power, Executive Vice President A.R. Mullinax says. The country’s largest electricity company Duke Energy manages dams, nuclear power plants and other types of electricity-generating plants critical to the U.S. economy, while supplying power to more than 7 million customers in six states.


GlaxoSmithKline buys up rival's HIV assets

December 21, 2015

(WRAL TechWire)

London-based GlaxoSmithKline PLC has agreed to pay Bristol-Myers-Squibb up to $1.5 billion for the U.S. company's pipeline of HIV drugs. In May, GSK announced it would partner with UNC-Chapel Hill to form a new company to discover a cure for AIDS. GSK, which has a facility at Research Triangle Park, is investing $20 million in the venture. Bristol announced in June that it would end its virology research efforts, which span HIV and hepatitis. 


Wilmington port banks on bigger ships in 2016

December 21, 2015

(StarNews, Wilmington)

The Port of Wilmington hopes that the widening of its turning basin and the expansion of the Panama Canal will lead to larger ships and more traffic. Last week, the port authority received a variance from the N.C. Coastal Resources Commission to dredge portions of the Cape Fear River for the $16 million project. Plans call for expanding the turning point's radius from 1,200 feet to 1,400 feet by May though the port is awaiting approval from government agencies, including the N.C. Department of Environmental Quality. If the project meets its deadline, it will come about a month after the expansion of the Panama Canal, scheduled to open in April, making it easier for ships to reach East Coat ports. 



Departing SAS executive says software giant is in 'great shape'

December 21, 2015

(The News & Observer, Raleigh)

Jim Davis resigned as chief marketing officer of SAS Institute after 21 years with the company. He will take a similar position at Informatica, a privately held, Redwood City, Calf-based software developer. His replacement has not been named. In an interview with Raleigh's News & Observer newspaper, Davis said it was a difficult decision to leave SAS. He plans to split his time between his home in Cary and California. Informatica has 70 employees in North Carolina after acquiring Triangle startup StrikeIron. Informatica was acquired for $5.3 billion earlier this year by a group led by private equity firm Permira and the Canada Pension Plan Investment Board.


Court win for Chatham Park development

December 21, 2015

(Durham Herald-Sun)

N.C. Superior Court Judge Paul Ridgeway dismissed a lawsuit against the Town of Pittsboro challenging the planned 7,120-acre development of homes and businesses. Plans call for the construction of more than 22 million square feet of commercial space and 22,000 residential units. It is a project of Cary-based Preston Development Co. Chatham Park would bring tens of thousands of new residents to the town of about 4,000 people.