Business

Cisco to lay off 6,000 workers

August 14, 2014

(The News & Observer, Raleigh)

San Jose, Calif.-based Cisco Systems will lay off 6,000 workers, or 8% of its workforce in a restructuring. The telecommunications-equipment manufacturer announced in June it will add 550 jobs to its existing 4,600 at its Research Triangle Park site. The company will receive up to $12.9 million in state grant money for that expansion.

 

Charlotte proposes land-swap with Duke Energy for coal-ash storage

August 14, 2014

(The Charlotte Observer)

Duke Energy is considering a plan proposed by Charlotte city staffers that would give the utility 128 acres of vacant land to bury 4.7 million tons of coal ash. In exchange, Duke would give the city a 42-acre site on which it currently employs about 250 workers at an operations center. 

Large-scale productions likely to leave NC under grant program

August 14, 2014

(StarNews, Wilmington)

Though some high-profile film projects and television series could still benefit from the new state grant program that replaces film incentives, legislators who support film-making in N.C. are still making a last-minute effort to find more money for the industry.

Sierra Nevada begins public tours at Mills River brewery

August 14, 2014

(Hendersonville Times-News)

Sierra Nevada has begun offering free hard-hat tours of its Mills River brewery. The Chico, Calif.-based beer-maker plans to begin full tours in November. Its main brewery has been producing beer for several months. A restaurant, taproom and music venue are planned.

Carthage wants to create 'visual history art gallery' with murals

August 14, 2014

(The Fayetteville Observer)

Carthage has commissioned up to 20 murals showcasing the town's history in an effort to boost tourism and economic development. 

Reynolds shareholder files suit to block Lorillard acquisition

August 14, 2014

(News & Record, Greensboro)

A Reynolds American shareholder filed a lawsuit in Guilford County that seeks to block the cigarette-maker's proposed acquisition of Greensboro-based Lorillard. The lawsuit claims the deal is bad for public shareholders, and that British American Tobacco, Winston-Salem-based Reynolds' largest shareholder, will benefit at their expense.

NC Biotech Center names Edgeton president

August 14, 2014

(Winston-Salem Journal)

The North Carolina Biotechnology Center named Doug Edgeton president and CEO effective Sept. 2. He was president of Piedmont Triad Research Park, now Wake Forest Innovation Quarter, from 2007 to 2012, and is presently the center's senior vice president for financial planning and development. Edgeton replaces Norris Tolson, who retired June 30.

Latest Dominion pipeline proposal omits Raleigh extension

August 13, 2014

(The News & Observer, Raleigh)

Richmond, Va.-based Dominion Resources has rerouted its proposed natural gas pipeline, omitting a Raleigh extension and bypassing Clayton. If built, the 550-mile pipeline would run from West Virginia to southeastern North Carolina along the I-95 corridor.

American Airlines wants lawmakers to extend fuel cap

August 13, 2014

(The Charlotte Observer)

American Airlines is urging state legislators to extend a cap on fuel sales taxes or exempt airlines from paying the taxes altogether. The fuel cap, set to expire Jan. 1, 2016, provides refunds to airlines for fuel taxes paid over $250 million. 

APAC has 200 jobs to fill in High Point

August 13, 2014

(News & Record, Greensboro)

APAC Customer Services has hired more than 500 people since April and plans to hire 200 more customer-service representatives and supervisors at its High Point call center.