Business

About 30,000 passengers flew Allegiant in first year at Concord airport

November 10, 2014

(The Independent Tribune, Concord)

Allegiant Airlines will add two weekly flights from Concord to Tampa, Fla., beginning Nov. 15. The low-cost airline has served about 30,000 passengers since it began passenger service at Concord Regional Airport in Dec. 2013. The airport, located about 16 miles northeast of downtown Charlotte, has also seen a 150% increase in commercial operations since 2012.

Can demand keep up with construction in uptown Charlotte?

November 10, 2014

(The Charlotte Observer)

At least a dozen projects are under construction inside the Interstate 277 loop in uptown Charlotte – including 1,400 apartment units – and groundbreakings for at least three offices towers are planned for next year.

Country Club of Asheville could be sold to McConnell Golf

November 10, 2014

(Asheville Citizen-Times)

Shareholders of the Country Club of Asheville will vote Nov. 19 on whether to sell the 120-year-old golf club to Raleigh-based McConnell Golf. If the deal is approved, McConnell will assume up to $2.3 million in debt and invest at least $4 million over three years.

NCTA awards top tech honors at annual awards ceremony

November 10, 2014

(The News & Observer, Raleigh)

Morrisville-based Netsertive, Durham-based Cree and Wilmington-based nCino were among the winners at Thursday's NC Tech Awards, an annual awards dinner hosted by the North Carolina Technology Association. 

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.