Business

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. 

 

Charlotte now 16th largest U.S. city

May 22, 2014

(The Charlotte Observer)

New census data shows that Charlotte has passed Fort Worth, Texas in population and is now the nation's 16th largest city. The Queen City gained more residents than all but seven other cities between 2012 and 2013.

Lowe's first quarter profits rise

May 22, 2014

(The Charlotte Observer)

Lowe's quarterly profits increased 16% compared with a year ago to $624 million, despite colder than average weather which lagged into the spring season. Sales at the Mooresville-based retailer grew 2.4% to $13.4 billion for the quarter.

Chapel Hill contract research organization growing

May 22, 2014

(The News & Observer, Raleigh)

Chapel Hill-based Rho will hire 24 workers to its existing 371 due to customer growth and repeat business from customers. The contract research organization has added about 36 workers since the beginning of the year.