Business

NC environmental agency cites Duke Energy for coal-ash violations

March 7, 2016

(WRAL.com)

The state Department of Environmental Quality cited Duke Energy for wastewater violations at 12 power plants. Duke has 30 days to respond to the notice of violations, which could result in fines. Duke said in a statement the seeps are not affecting water quality and that the company is actively working toward closing the ash basins.

Charlotte apartment complex sells for $51.9M

March 4, 2016

(The Charlotte Observer)

Chicago-based Waterton has acquired Addison Park, a 426-unit apartment community in north Charlotte, for $51.9 million. The seller was Heitman, also based in Chicago, which paid $33 million for the apartments in 2010. Waterton plans to renovate interiors and common areas.

Grizack convicted of fraud charges in Forsyth County

March 4, 2016

(Winston-Salem Journal)

William John Grizack pleaded guilty to fraud charges Thursday and agreed to pay $235,000 to his previous employer, Pave Advertising and Design in Winston-Salem, and another company, McKinney Ventures LLC in Durham. In 2012, Grizack fabricated $269 million in contracts so he could become partner at Pave, now known as The Variable.

Rocky Mount brewmill hopes to provide economic boost

March 4, 2016

(WRAL.com)

A Rocky Mount mill overlooking the Tar River is being converted to a "craft beer Incubator." The first business to open at Rocky Mount Brewmill is Koi Pond Brewing Co. Apartments, offices and stores also are slated for construction by 2018. The mill is owned by Capitol Broadcasting Co.

Toll road opponents shouldn't let hopes get too high

March 4, 2016

N.C. officials are hinting that financial problems for a Texas toll road may give room to modify the state's criticized toll lane project in north Charlotte. Don't bet on it.

North Carolina's Best Employers

March 4, 2016

Chair massages, college scholarships for your kids, yoga, even working when you want — perks on this year’s lists of Best Employers in North Carolina have come a long way since the survey asked whether businesses offered direct deposit. See who made the list.

BofA plans job cuts in trading, investment banking

March 4, 2016

(The Charlotte Observer)

Bank of America plans to lay off about 150 trading and investment-banking employees next week, the Charlotte Observer reports. It's not clear where the cuts will take place, but New York is BofA's hub for the two business units.

Duke to build first solar farm in Rowan County

March 4, 2016

(The Charlotte Observer)

Duke Energy will build a 6-megawatt solar facility in Rowan County, about 50 miles northeast of Charlotte. It's Rowan's first solar project. North Carolina ranks fourth in the nation for installed solar projects.

American seeks nonstop flight from CLT to Havana

March 3, 2016

(The Charlotte Observer)

American Airlines could begin offering nonstop flights from Charlotte to Cuba. The federal government is expected to review applications from American and other carriers this summer, and approved flights could begin in the fall.

SAS execs climb Forbes' billionaires list

March 3, 2016

(WRAL TechWire)

With an estimated net worth of $8 billion, Jim Goodnight jumped 33 spots to No. 144 on Forbes' annual billionaires list. John Sall climbed to No. 392, up from No. 462 the previous year. Read the full list here.