Business

GE Hitachi gets federal grant to test new nuclear technology

November 10, 2014

(Greater Wilmington Business Journal)

GE Hitachi will receive a multimillion research investment by the U.S. Department of Energy to perform a safety assessment of its PRISM sodium-cooled nuclear reactor, which can generate electricity using spent nuclear fuel and surplus plutonium.

Hanover Federal to merge with Piedmont Advantage Credit Union

November 10, 2014

(Greater Wilmington Business Journal)

Wilmington-based Hanover Federal Credit Union's 1,700 members will have access to more products and services, including mortgage and electronic-data products, when the organization merges with Winston-Salem-based Piedmont Advantage Credit Union Dec. 1. 

Cumberland County chicken plant may be back on the table

November 10, 2014

(The Fayetteville Observer)

Last week's election results could revive talks of bringing a $113 million chicken-processing plant to Cumberland County. Two of the county's newly elected commissioners are in favor of the Sanderson Farms plant, while two are undecided and three are opposed. The Mississippi-based company has said the plant would bring more than 1,000 jobs to the area.

Wilmington's Sutton Lake reclassified for fishing

November 10, 2014

(StarNews, Wilmington)

State environment officials reclassified Sutton Lake as a public fishery, meaning the 1,100-acre lake will be subject to stricter water-quality standards and more frequent inspections. The New Hanover County lake was created to cool water from Duke Energy's nearby Sutton power plant. 

 

Salix CFO resigns, shares fall sharply after third quarter loss

November 7, 2014

(The News & Observer, Raleigh)

Salix Pharmaceuticals announced an inventory audit of its best-selling drug and the resignation of Chief Financial Officer Adam Derbyshire, who had been with company since 2000. The Raleigh-based drug-maker reported a loss of $88.6 million – or $1.39 a share – in the third quarter; analysts had projected earnings of $1.56 a share. Revenue also fell short of analysts' expectations.

DENR tells Duke Energy groundwater plans are insufficient

November 7, 2014

(The Charlotte Observer)

The N.C. Department of Environment and Natural Resources told Duke Energy it's plans for assessing groundwater contamination near coal-ash ponds at 14 power plants are inadequate. The state agency gave the Charlotte-based company 30 days to resubmit revised plans.

CLT hopes to open new parking deck before Thanksgiving

November 7, 2014

(The Charlotte Observer)

The new $120 million, seven-story parking deck at Charlotte Douglas International Airport is expected to open before Thanksgiving, typically the busiest week of the year according to interim aviation director Brent Cagle. The new hourly parking deck will add 4,000 public parking spaces and 3,000 spaces for rental cars.

NC officials host private meeting on offshore drilling

November 7, 2014

(The Daily Reflector, Greenville)

Federal regulators met Thursday in Raleigh with officials from North Carolina, South Carolina and Virginia in a closed-door meeting to discuss plans for offshore drilling. Representatives from private groups funded by oil and gas companies were in attendance, while environmental advocates were denied admission and reporters were only allowed in for Gov. Pat McCrory's closing remarks.

Krispy Kreme plans 20 shops in Bangladesh

November 7, 2014

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts continues its global expansion with a franchise agreement to open 20 shops in Bangladesh over five years.

BofA takes $400 million legal charge

November 7, 2014

(The Charlotte Observer)

Bank of America announced it took a $400 million charge in the third quarter to cover legal costs related to a federal investigation of its foreign-exchange business.