Business

Companies fight to keep brand names off e-cigarettes

May 27, 2014

(WRAL.com)

General Mills Inc. and Girl Scouts of the USA are among companies that have sent cease and desist letters to electronic-cigarette manufacturers demanding they not use brand names such as Thin Mints in marketing flavored liquid nicotine. The companies are concerned the family-oriented brands may be used to make an addictive drug appeal to children.

Pantry adds former BP America CEO to board

May 27, 2014

(The News & Observer, Raleigh)

The former CEO of BP America has joined the board of Cary-based The Pantry. The convenience-store chain, which primarily operates under the Kangaroo Express brand, brought on Ross Pillari for his fuel expertise. 

High Point Regional cutting 155 positions

May 23, 2014

(The News & Record, Greensboro)

High Point Regional Health will eliminate 115 jobs, or about 5% of its workforce. Company officials cited reduced Medicare and Medicaid reimbursements and the impact of health-care reform as reasons for the cuts. Affected workers will be able to apply for other jobs within the the High Point Regional system or with UNC Health Care.

Charlotte Douglas to add new concourse in 2015

May 23, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport will begin building a new concourse next spring, once its new parking decks are completed and space currently occupied by rental cars is freed up. The new concourse will have eight to 12 domestic gates to meet demand for national flights.

RJR building to become hotel, apartments

May 23, 2014

(Winston-Salem Journal)

The former R.J. Reynolds Tobacco Co. headquarters in downtown Winston-Salem has been sold to a Philadelphia developer that will convert it to a hotel, apartments and restaurant. PMC Property Group will pay $7.8 million for the 22-story building that first opened in 1929.

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.