Business

Pittsboro wants more specific details on Chatham Park proposal

March 11, 2014

(The News & Observer, Raleigh)

The Pittsboro Board of Commissioners has asked the developer of the proposed Chatham Park community for more details on the project and will appoint a citizen review committee to guide its progress. The board's decisions are based on recommendations from an outside firm it hired to review the master plan for the massive development that could bring 60,000 people to the area.

Motley Fool says merger of tobacco companies makes sense

March 11, 2014

(The News & Record, Greensboro)

Online investment site The Motley Fool says a merger between Winston-Salem-based Reynolds American and Greensboro-based Lorillard would protect Lorillard as federal scrutiny of menthol cigarettes, which account for about 80% of Lorillard's sales, increases. A merger also would give Reynolds short-term growth and improve its market share in electronic cigarettes.

Boat builder to open Brunswick County plant

March 11, 2014

(Greater Wilmington Business Journal)

The 33rd Strike Group, which will assemble catamarans from components shipped from Taiwan, will open in a 35,000-square-foot space and create 50 jobs over the next several years. The company will begin operations May 1.

NJ-based Quest completes acquisition of Greensboro's Solstas Lab Partners

March 11, 2014

(The Winston-Salem Journal)

Madison, N.J.-based Quest Diagnostics has completed its $570 million acquisition of Greenboro-based Solstas Lab Partners. Solstas employs about 850 people in the Triad; it is still unknown how many jobs may be eliminated due to the merger.

Survey says 13% of Winston-Salem companies plan to hire in second quarter

March 11, 2014

(The Winston-Salem Journal)

A new report from Manpower Inc. reveals that 13% of Winston-Salem employers plan to hire more workers during the second quarter of 2014. 

Duke Energy CEO says customers would pay for ash cleanup

March 10, 2014

(The News & Observer, Raleigh)

Duke Energy CEO Lynn Good said Friday that the utility would seek to increase customer rates to pay for the expense of cleaning up ash ponds. Early estimates show costs to move coal ash away from drinking-water sources at 14 sites in N.C. could be close to $1 billion. 

Federal bureau endorses seismic testing in the Atlantic

March 10, 2014

(StarNews, Wilmington)

The federal Bureau of Ocean Energy Management released a statement that endorses East Coast seismic testing. While the Department of the Interior has not issued a final decision on the subject, many view the endorsement as the first step toward allowing drilling for oil and gas along the coast.  

Duke Energy reports almost 100,000 still without power

March 10, 2014

(The News & Record, Greensboro)

Duke Energy reported Sunday evening that fewer than 100,000 customers statewide are without power, down from about 400,000 after last week's ice storm. Guilford County has nearly 41,000 outages, followed by Alamance County with nearly 27,000. The utility says power should be restored to most customers by Wednesday.

Charlotte may break up Eastland Mall site into sections

March 10, 2014

(The Charlotte Observer)

The city of Charlotte may commission a new study to determine the best option for the 80-acre site of the former Eastland Mall. Now that it appears the city will not move forward with a movie studio project, it may consider breaking up the site into smaller sections with multiple developers.

Heritage Home Group lays off workers at Broyhill plant in Lenior

March 10, 2014

(Lenoir News-Topic)

Though Heritage Home Group won't disclose details, a former employee at its Broyhill Furniture plant in Lenoir said about 20 employees, mostly upholsterers, were laid off due to slow business.