Business

Duke University approves 4% tuition increase

March 3, 2014

(The News & Observer, Raleigh)

Duke University announced a 4% tuition increase to $45,800 for the next academic year. Total cost, which includes tuition, fees, room and board, will be $60,530. Rates will also go up at the Durham university's graduate and professional schools.

Cherokee County businesses preparing for arrival of new casino

March 3, 2014

(Asheville Citizen-Times)

Small-business owners in Cherokee County are hopeful the new Harrah's casino and hotel, scheduled to open next year, will be good for business, but they are equally concerned the project will attract more national chains to the area. Harrah's Cherokee Valley River Casino and Hotel will invest $110 million in the county, and expects to hire 900 full-time workers.

"Max Steel" to film in Wilmington

March 3, 2014

(StarNews, Wilmington)

"Max Steel," a feature movie about a Mattel action figure, will film in Wilmington, though production dates are still unknown.

NC to receive $1.5 million in Endo Pharmaceuticals case

March 3, 2014

(The News & Observer, Raleigh)

Pennsylvania-based Endo Pharmaceuticals will pay $1.5 million to North Carolina as part of a multi-state settlement after allegations the company unlawfully marketed the drug Lidoderm to treat lower back pain and chronic pain. The Food and Drug Administration had not approved the drug for those uses.

Concern grows over coal-ash ponds near Goldsboro after Eden spill

February 28, 2014

(WRAL.com)

A Neuse riverkeeper says toxic pollutants have been seeping into the groundwater from coal-ash ponds at Duke Energy's shuttered coal-fired plant near Goldsboro for years and state regulators have done nothing to stop it. 

California HVAC manufacturer to open Rutherford County plant

February 28, 2014

(Asheville Citizen-Times)

California-based Team Air Inc. will open a manufacturing plant in Rutherford County and will create 70 jobs there. The company is investing $4.2 million over the next three years at the plant, which will make custom HVAC products for commercial and industrial customers.

Wells Fargo cuts more jobs in mortgage division

February 28, 2014

(The Winston-Salem Journal)

Wells Fargo will lay off 25 more mortgage workers in Charlotte and three in Wilmington. The San Francisco-based bank which has a regional headquarters in Charlotte announced 700 nationwide layoffs in this round of cuts. The layoffs follow deep cuts in its mortgage division last August and September.

Bank of America protests $2.1 billion federal penalty

February 28, 2014

(The Charlotte Observer)

Bank of America says a federal government request for the bank to pay a $2.1 billion penalty over bad home loans its Countrywide division sold to Fannie Mae and Freddie Mac is unfair and legally flawed.

Pender County golf course sells for $1 million

February 28, 2014

(StarNews, Wilmington)

Two area real-estate developers have purchased Topsail Greens Golf Club in Hampstead for $1.05 million and plan to redevelop the property as a residential and commercial project called Wyndwater. The 40-year-old golf course closed last spring when First Federal Bank foreclosed on it. 

IBM begins layoffs at RTP

February 28, 2014

(The News & Observer, Raleigh)

IBM began job cuts in Research Triangle Park and at nine other locations across the U.S. on Thursday, part of a workforce rebalancing the Armonk, N.Y.-based company previously announced. The company will not say how many employees are affected.