Business

Rural counties have accommodated unwanted coal ash for years

May 23, 2014

(The News & Observer, Raleigh)

While the focus of coal-ash storage has been on Duke Energy's 33 ash ponds at its power plants, there are more than 70 ash sites across the state, many on private land in Eastern N.C. Some of the ash has been used in construction of parking lots and roads, but some has been unmonitored and even dumped into wetland areas.

Raleigh real estate broker sentenced in mortgage fraud case

May 23, 2014

(The News & Observer, Raleigh)

Mark Henry Tkac was sentenced to 42 months in prison for his involvement in a real-estate flipping scheme that defrauded banks and lenders. Tkac, 49, was charged with conspiracy to commit mail, wire and bank fraud. 

Manufacturer expanding in Statesville

May 23, 2014

(Winston-Salem Journal)

HIghland Industries will add a new division at its Statesville plant, adding 29 jobs and investing $8.25 million over three years. The company makes technical fabrics for product used in various industries, including automotive seats, tires and roofing. 

EPA reaches agreement with Duke Energy over coal-ash cleanup

May 23, 2014

(The News & Observer, Raleigh)

The Environmental Protection Agency finalized a deal with Duke Energy regarding coal-ash cleanup in the Dan River. The EPA will oversee cleanup performed by the utility, and Duke will reimburse the federal government for oversight costs as well as costs incurred in the emergency response immediately after the spill.

Duke shareholders sue company over coal-ash management

May 23, 2014

(The Charlotte Observer)

Two shareholders filed a lawsuit against Duke Energy claiming company leaders knew about coal-ash contamination for years and breached their fiduciary duty by exposing the company to billions of dollars in potential liability.

Chiquita CEO: No consensus on incentives repayment

May 23, 2014

(The Charlotte Observer)

Chiquita Brands International CEO Ed Lonergan said the company has been in talks with local and state officials about whether or not it should have to return incentive money now that the company's headquarters is moving to Ireland. The company was awarded more than $22 million, which is to be paid over the next 11 years, to maintain its global headquarters in Charlotte and keep 375 jobs there. 

Wilmington area lawmakers file bill to extend film incentive

May 22, 2014

(Star-News, Wilmington)

Three local lawmakers filed a bill Tuesday to repeal sunset dates for the state's historic preservation tax credits and film incentive program and increase the minimum amount productions must spend to qualify for film credits from $250,000 to $300,000. The Wilmington Regional Film Commission expects productions to spend about $160 million this year, compared with $135 million in 2013.

Charlotte Douglas travelers warned of parking, traffic hassles this summer

May 22, 2014

(The Charlotte Observer)

Officials from Charlotte Douglas International Airport say travelers can expect parking shortages and longer waits for shuttle buses this summer. The airport has about 5,000 fewer parking spaces than last year after tearing down old parking decks to begin constructing new ones, and its fleet of shuttle buses is aging and unreliable.

Winston-Salem company investigated for wire, health-care fraud

May 22, 2014

(Winston-Salem Journal)

Federal agents have seized documents, chemicals and other items as part of an investigation of Winston-Salem-based Carolina Liquid Chemistries Corp. The life-sciences company has been accused of wire fraud and health-care fraud worth about $135 million. 

Carstarphen, CEO of Gaston County's Pharr Yarns, dies at 81

May 22, 2014

(The Charlotte Observer)

J.M. "Bip" Carstarphen, CEO of McAdenville-based Pharr Yarns, died Tuesday. He was 81. The Tarboro native and U.S. Army veteran began working at the textile company in 1956 and became CEO and chairman when owner William Pharr died in 1981.