Business

Clean Tech Summit today in Chapel Hill

February 26, 2014

(The News & Observer, Raleigh)

The 2014 Clean Tech Summit will be held today in Chapel Hill. The event, sponsored by Chapel Hill-based Strata Solar, the Research Triangle Cleantech Cluster and UNC's Institute for the Environment, will examine the future of energy and water conservation and education's role in preparing workers for tech jobs.

Charlotte's Swisher to take $101 million goodwill charge

February 26, 2014

(The Charlotte Observer)

Swisher Hygiene will take up to a $101 million non-cash charge which will erase most of the company's assets on its balance sheet. 

Greensboro's RF Micro to merge with Oregon semiconductor company

February 25, 2014

(The News & Record, Greensboro)

Greensboro-based chip-maker RF Micro Devices Inc. will merge with Hillsboro, Ore.-based TriQuint Semiconductor Inc. in an all-stock deal valued at $1.56 billion that is expected to close in the second half of the year. The combined company will have a new name that has not been determined.

 

NTE Energy to build $450 million power plant in Kings Mountain

February 25, 2014

(The Charlotte Observer)

A Florida-based energy company will invest $450 million in a 480-megawatt plant in Kings Mountain where it will employ 30 with annual salaries ranging from $60,000 to $70,000. NTE Energy will produce natural-gas driven electricity with a new, clean technology and will sell its power to electric cooperatives and utilities. 

ACC football championship to stay in Charlotte for six more years

February 25, 2014

(The Charlotte Observer)

The ACC announced that Charlotte will host its championship football game through 2019. The game has been played at Bank of America stadium for the past four years, with an average attendance of about 70,000. 

Wilmington-based Fuzzy Peach yogurt stores sold to U-Swirl

February 25, 2014

(StarNews, Wilmington)

Fuzzy Peach, a chain of frozen-yogurt shops founded in Wilmington by three graduates of UNC Wilmington's business school, has been sold to Henderson, Nev.-based U-Swirl Inc. in a deal worth up to $830,000. Fuzzy Peach has 17 franchise locations in four states with 18 more in development. All stores will keep the Fuzzy Peach name.

Bonus checks for banking executives higher than last year

February 25, 2014

(The Charlotte Observer)

Annual bonuses in the financial industry are up 5% to 10% over last year, yet they are still below the levels they reached before the financial crisis. 

Ed Mitchell and son to open barbecue restaurant in Durham

February 25, 2014

(The News & Observer, Raleigh)

Famous barbecue pitmaster Ed Mitchell and his son Ryan, an investment banker, will open Que, a barbecue restaurant, at the American Tobacco Campus near the Durham Bulls Athletic Park. The owners hope to open Que around April 1, in time for the Bulls' season opener on April 3.

Consultant says Chatham Park plan needs more detail

February 25, 2014

(The News & Observer, Raleigh)

An outside consultant hired to review Preston Development Co.'s plan for the massive Chatham Park development in Pittsboro says the plan fails to provide enough details and lacks a coherent vision. If built, Chatham Park could bring an estimated 60,000 people to live there.

Oak Island puts moratorium on building giant beach houses

February 25, 2014

(The Times-News, Burlington)

The Brunswick County beach town of Oak Island has placed a three-month ban on building homes with more than six bedrooms after some residents complained about a property owner's request to build a 15-bedroom, 12-bath home. The town council hopes to have new regulations in place by mid-April.