Business

Documents show Duke Energy warned about drainage pipe in 1986

June 18, 2014

(News & Record, Greensboro)

Engineering reports from 1986 and 1992 show potential problems with a corrugated-metal drainage pipe at Duke Energy's Dan River Steam Station. The reports from the N.C. Utilities Commission were subpoenaed as part of a federal investigation into February's coal-ash spill at the plant. 

SunTrust to pay NC homeowners $21.5 million in settlement

June 18, 2014

(WRAL.com)

North Carolina homeowners will receive up to $21.5 million from Atlanta-based SunTrust Banks as part of a nearly $1 billion national settlement over mortgage-servicing errors. In addition, more than 2,400 people who lost their homes in foreclosure will be eligible to receive payments totaling about $2 million.

Grifols opens $370M plant in Johnston County

June 18, 2014

(The News & Observer, Raleigh)

Grifols opened a new $370 million, 155,000-square-foot plant in Clayton on Tuesday that will double the company's blood plasma production there. Grifols employs 1,650 in Clayton and 2,300 in the state, and Gov. Pat McCrory said the Spanish company is considering North Carolina for future expansion.

Reynolds begins national distribution of e-cigarettes

June 18, 2014

(Winston-Salem Journal)

Reynolds-American will begin selling VUSE electronic cigarettes nationwide on Monday. The product is currently distributed only in Colorado and Utah. The Winston-Salem-based company recently announced it will hire 200 people to produce the e-cigarettes at its Tobaccoville plant. 

Oskar Blues to open ranch for mountain biking, events

June 18, 2014

(Asheville Citizen-Times)

Oskar Blues Brewery will open a 145-acre farm with mountain-biking trails and music and event space about 8 miles from its Brevard brewery. The REEB Ranch also will have a bike-tour service, on-site lodging and tent camping.

Charlotte Chamber CEO reacts to SC projects

June 18, 2014

(The Charlotte Observer)

Charlotte Chamber CEO Bob Morgan says Charlotte remains attractive for business despite Monday's announcements of thousands of jobs moving from the Queen City to nearby York and Chester counties in South Carolina. Three announced projects eventually could bring the Palmetto State up to 7,100 jobs.

Waiting period expires for RF Micro merger

June 18, 2014

(Winston-Salem Journal)

RF Micro Devices' $1.56 billion acquisition of Oregon-based TriQuint Semiconductor is moving forward, according to a statement from both companies. Federal regulators did not come forward with any antitrust concerns during a mandatory waiting period that ended last Friday. The deal still requires shareholder and other regulatory approval.

Sheetz hiring 100 at Burlington distribution center

June 18, 2014

(News & Record, Greensboro)

Sheetz will hire 100 people by the end of September at a Burlington distribution center. The Altoona, Pa.-based convenience-store chain plans eventually to create 250 jobs at the location.

DENR: Duke must fix leaky pipes at coal-ash ponds

June 18, 2014

(The News & Observer, Raleigh)

The state Department of Environment and Natural Resources has ordered Duke Energy to fix leaky pipes at coal-ash ponds at five power plants in Western N.C. The Charlotte utility has until July 17 to submit a schedule for the repairs.

SC announces 3,900 jobs; NC failed to win projects

June 17, 2014

(The Charlotte Observer)

At least 3,900 new jobs are coming to York and Chester counties in S.C. Singapore-based Giti Tire will create 1,700 jobs and invest $560 million in a tire manufacturing plant in Chester County, about 40 miles south of Charlotte. Lash Group and LPL Financial will move a combined 2,200 jobs from Charlotte to Fort Mill in York County.