Business

Charlotte Douglas cancels solar project

March 13, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport has canceled plans to install solar panels that could have produced 53 megawatts of energy. An official said the airport is considering adding a fourth parallel runway, and the solar panels might interfere with the expansion. In addition, panels that were to be installed on parking lots could jeopardize tax-exempt bonds the airport uses to pay for parking projects.

BB&T's King predicts jobs growth at technology center in Wilson

March 13, 2014

(The Wilson Times) 

BB&T chief executive Kelly King said he expects continued growth in the bank's workforce in Wilson, where the bank employs 2,297 at its technology and information center. King said that whenever the bank expands in new territories, jobs in Wilson grow as well. BB&T was started in Wilson in 1872 and moved its headquarters to Winston-Salem in 1995.

Chinese coal firm moving to Charlotte

March 13, 2014

(The Charlotte Observer)

The Daniels Company, a subsidiary of a Beijing-based coal-prep technology firm, has bought an office building adjacent to SouthPark mall and plans to relocate 30 workers there from Bluefield, W.Va. The company also plans to hire an additional 30 people and open a manufacturing center for coal-production equipment.

Developer plans to announce High Point corporate-park tenant next month

March 13, 2014

(High Point Enterprise)

The developer of a new corporate park in High Point said he expects to announce the name of its first tenant by mid-April. According to city documents, a 1.2 million-square-foot warehouse and distribution center are planned for the site, and Ralph Lauren Corp. has been rumored to be the center's soon-to-be occupant. 

Study: Raising minimum wage would hurt hiring

March 13, 2014

(The News & Observer, Raleigh)

In a new study by Duke University and CFO Magazine, 56.7% of CFOs at retail businesses and 44.1% at service-based companies say they would reduce hiring if the minimum wage goes up to $10 per hour.

Herbalife faces FTC investigation

March 13, 2014

(The News & Record, Greensboro)

Los Angeles-based Herbalife, which plans to open a $130 million plant in Winston-Salem this year, said it has received a civil investigative demand from the Federal Trade Commission. The company, which sells nutritional supplements, has been accused of operating a pyramid scheme by hedge-fund manager William Ackman. 

Construction to begin on Mebane candy factory

March 13, 2014

(The News & Observer, Raleigh)

Japanese candy-maker Morinaga & Co. will begin construction on its new 100,000-square-foot candy factory in Orange County in a few weeks. The company plans to invest $48 million and hire up to 90 workers with an average annual wage of $39,979. Production should begin by June 2015.

Fourth-quarter earnings strong for Krispy Kreme

March 13, 2014

(The Winston-Salem Journal)

Fourth-quarter net income for Winston-Salem-based Krispy Kreme Doughnuts increased to $14.7 million compared with $4.8 million a year ago. 

Federal jury rules against Charlotte's LendingTree in patent infringement case

March 13, 2014

(The Charlotte Observer)

A federal jury ruled that three competitors of Charlotte-based LendingTree.com did not infringe on patents the online lender holds to protect its methods to match borrowers with lenders.

Durham's Cree introduces new 100-watt LED bulb

March 13, 2014

(The News & Observer, Raleigh)

Durham-based Cree is cutting the prices of some of its LED lightbulbs by as much as 23% and will introduce a new 100-watt equivalent bulb that will retail exclusively at Atlanta-based Home Depot stores.