Business

Wilmington awaits film announcement

February 19, 2015

(StarNews, Wilmington)

Film-industry leaders in Wilmington will make an announcement at EUE/Screen Gems Studios at 10:30 Thursday morning. Mayor Bill Saffo will be on hand, as well as Bill Vassar, executive vice president of the studios, and other local leaders. No further details were provided.

Cary's PurThread partners with Burlington

February 19, 2015

(The News & Observer, Raleigh)

PurThread Technologies will partner with Greensboro-based textile company Burlington to develop products incorporating the Cary company's anti-microbial yarns. PurThread, which previously sold products such as lab coats and scrubs directly to hospitals, now works specifically with established corporate partners including Eastman Kodak.

Duke Energy to pay $100M penalty in coal-ash probe

February 18, 2015

(The Charlotte Observer)

Charlotte-based Duke Energy said it will pay about $100 million to resolve a federal investigation of its coal-ash management. The investigation began about a year ago, following the Feb. 2, 2014 spill that dumped up to 39 million tons of coal ash into the Dan River ("Heart of Coal," April 2014).

Krispy Kreme celebrates 1,000th store with free doughnuts

February 18, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts will open its 1,000th store next Tuesday, and the Winston-Salem-based company plans to offer a free doughnut to the first 1,000 customers at all of its stores worldwide to celebrate the milestone. The Kansas City, Kan., store will be the company's fourth in the state.

Concord's Alevo inks deal with wholesale energy supplier

February 18, 2015

(The Charlotte Observer)

Alevo Group signed an agreement with Philadelphia-based Customized Energy Solutions to supply 200 megawatts of its GridBank energy-storage units. Alevo opened a manufacturing site in October at the former Philip Morris plant in Concord and plans to hire up to 2,500 workers within three years (Statewide, December).

MaxPoint Interactive's 2014 revenue exceeded $100M

February 18, 2015

(The News & Observer, Raleigh)

MaxPoint Interactive, the Morrisville-based digital-marketing company that recently announced plans to go public, had revenue of $106.5 million in 2014, up 61% from the previous year, according to a securities filing.

Robeson County may have violated state law in approving incentives

February 18, 2015

(The Fayetteville Observer)

Robeson County may have violated the state's open meetings law when it approved incentives for an unnamed company – speculated to be poultry producer Sanderson Farms – to bring 1,000 jobs to the county. Robeson County Attorney Patrick Pait disagrees, and says there will be additional hearings on the project if it advances.

BofA's Moynihan earns less in 2014

February 18, 2015

(The Charlotte Observer)

Bank of America CEO Brian Moynihan's compensation fell to $13 million in 2014, $1 million less than the previous year. Moynihan's base salary remained the same, while his stock bonus fell to $11.5 million from $12.5 million in 2013. Annual profit for the Charlotte-based bank fell by 58%.
Related: "After the Fall," January

Chapel Hill developer selected for Wilmington's Water Street project

February 18, 2015

(StarNews, Wilmington)

Chapel Hill-based East West Partners was chosen to redevelop the Water Street parking deck in downtown Wilmington. The company's initial proposal includes 554 parking spaces, 190 apartments and more than 31,000 square feet of retail space.

Report: 60% of state job-incentive deals were canceled

February 17, 2015

(The News & Observer, Raleigh)

A report from the N.C. Justice Center says about 60% of Job Development Investment Grants issued between 2002 and 2013 were canceled because companies did not create as many jobs as promised.