Warren Wilson to pull investments in fossil fuels

October 13, 2015

(Asheville Citizen-Times)

Warren Wilson College in Swannanoa is the latest higher-education institution to commit to selling its shares of investments in fossil fuels. Trustees voted unanimously to divest endowment funds from fossil fuels by 2020. Warren Wilson's endowment totals nearly $55 million. Brevard College in Transylvania County announced a similar plan earlier this year (Statewide, April).

ElectriCities names new CEO

October 13, 2015

(High Point Enterprise)

Roy L. Jones will become CEO of ElectriCities Nov. 1, replacing Graham Edwards, who is retiring. Jones has served as chief operating officer since 2011 and helped lead the sale of ElectriCities Eastern Municipal Power Agency to Duke Energy earlier this year.

Foresclosure sale planned for Wilmington mall

October 12, 2015

(Greater Wilmington Business Journal)

Independence Mall will be offered for sale at a public auction Oct. 22, a result of the Wilmington mall's owner, Centro Independence, defaulting on a $110 million loan.

Krispy Kreme tests 'coffee shop' concept at new Clemmons store

October 12, 2015

(Winston-Salem Journal)

The latest Krispy Kreme Doughnuts shop in Clemmons, which opened last week, will serve as a test lab for the Winston-Salem-based company, which is trying to increase coffee sales from 4% to 12% of revenue.

Perquimans County puts freeze on new wind farms

October 12, 2015


Perquimans County has put a four-month freeze on new wind farms after some residents opposed a Charlotteville, Va., company's $300 million proposal to build up to 150 turbines on 15,000 acres. A 22,000-acre wind farm that will sell energy to Amazon is being developed about 10 miles away (Statewide, September).

High Point Market spends more to boost attendance

October 12, 2015

(News & Record, Greensboro)

Aided by $544,528 from the N.C. Department of Commerce, the High Point Market Authority boosted marketing efforts this year by developing an app to help attendees navigate showrooms, spending more to attract international buyers and creating more work stations for reporters.

Shift in corporate deposits boosts Regions' Charlotte market share

October 12, 2015

(The Charlotte Observer)

Regions Bank's 61% increase in deposits in the Charlotte area was due mostly to changes in how the Birmingham, Ala.-based lender records corporate deposits. While its market share is less than 1%, Regions moved up to No. 14 from No. 16 in Charlotte-area market share.

351-unit apartment complex proposed north of uptown Charlotte

October 12, 2015

(The Charlotte Observer)

An Ohio apartment developer filed a rezoning request for a 3.5-acre parcel on Parkwood Avenue, just north of uptown Charlotte and adjacent to the light-rail extension that is scheduled to open in 2017. NPR Group plans to open a 298-unit apartment building south of uptown later this year.

AG shuts down Fayetteville medical-training school

October 12, 2015

(The Fayetteville Observer)

North Carolina Medical Institute in Fayetteville was temporarily closed after the school was accused of charging students for unaccredited courses and certifiying some nursing students who hadn't received sufficient training.

NC environment official wanted bigger fine for Duke Energy

October 9, 2015

(The Charlotte Observer)

Thomas Reeder, North Carolina's assistant secretary for the environment, said the penalty for Duke Energy's coal-ash related groundwater contamination should have been much harsher, court records show.