Business

Former Beazer Homes exec sentenced in Charlotte

May 1, 2015

(The Charlotte Observer)

A former Beazer Homes USA executive was sentenced to 10 years in prison for his role in an accounting scheme that led to hundreds of foreclosures in the Charlotte area. Michael Rand was the Atlanta-based homebuilder's former chief accounting officer.

Lenovo tablet, smartphone sales climb

May 1, 2015

(WRAL TechWire)

Tablet shipments at Lenovo grew 23% in the first quarter compared with the same quarter in 2014, despite slumping sales reported by competitors Apple and Samsung. Smartphone sales also increased, driven by Lenovo's acquisition of Google's Motorola Mobility unit last fall.

NC companies rank on list of top technology innovators

May 1, 2015

(WRAL TechWire)

InformationWeek's 2015 "Elite 100" list of top technology innovators in the United States includes several companies based in or having major operations in North Carolina. Pfizer, Biogen, Merck, Quintiles and the City of Asheville made the list, which features companies that incorporate IT in all aspects of their operations.

Food Lion revenue increases amid store makeovers

May 1, 2015

(The Charlotte Observer)

Delhaize, the Brussels-based parent company of Salisbury-based Food Lion, said first quarter sales at its U.S. stores increased 3.2% to $4.4 billion compared with the same period last year. CEO Frans Muller said the company was encouraged by results at recently renovated Food Lion stores.

Spring lawsuit moved to federal court

May 1, 2015

(Greater Wilmington Business Journal)

A lawsuit filed by former Cape Fear Community College President Ted Spring will now be heard in a federal District Court instead of New Hanover Superior Court. The suit alleges college trustees forced Spring to resign in January. He is seeking reinstatement and at least $25,000 in damages.

Unifi's recycled yarn turns graduations green

May 1, 2015

(News & Record, Greensboro)

About 300,000 college graduates – including ones at Duke, UNC Chapel Hill and N.C. State – will wear caps and gowns woven with Greensboro-based Unifi's Repreve thread, which is made from recycled materials including plastic bottles. The gowns can be recycled again after ceremonies are over.

Thomasville trucking company reports 36.3% gain in net income

May 1, 2015

(Winston-Salem Journal)

Thomasville-based Old Dominion Freight Line reported first quarter net income of $62.5 million compared with $46.9 million a year ago. Revenue increased 12.2% to $696.2 million.

Duke Energy to build 2 lined landfills for storing coal ash

April 30, 2015

(The Charlotte Observer)

Duke Energy will build lined landfills for coal-ash storage at its Dan River plant near Eden and its Sutton Plant in Wilmington. The plan will help the Charlotte-based utility comply with a deadline imposed by state legislators requiring it to dispose of coal ash at four power plants by 2019.

Duke University to construct $100M building for engineering program

April 30, 2015

(The News & Observer, Raleigh)

Duke University plans to build a $100 million building that will contain labs and classrooms for its engineering and physics programs. Construction on the 85,000-square-foot building is expected to begin in late 2016 with an expected completion date of 2018.

PTI among nation's most expensive airports

April 30, 2015

(News & Record, Greensboro)

Piedmont Triad International Airport ranked No. 14 among the most expensive airports in the U.S., with an average round-trip fare of $443.91. RDU ranked No. 56, while Charlotte came in at No. 22. The U.S. Department of Transportation released the statistics, included in a quarterly report that surveyed the nation's 100 largest airports.