Business

Durham-based Cree files patent infringement suits

September 17, 2014

(WNCN.com)

Durham-based Cree has filed patent infringement lawsuits against two competitors in Wisconsin, where the company has had a strong presence since its 2001 acquisition of Ruud Lighting. The patents protect the lighting company's LED component portfolio, the company said in a statement.

Duke Energy to invest $500 million in solar projects

September 15, 2014

(The Charlotte Observer)

Duke Energy will invest $500 million in North Carolina solar projects. About half the money will be used to acquire and build solar farms in Bladen, Duplin and Wilson counties. The Charlotte-based utility also plans to purchase power from five additional solar projects across the state.

Software company exceeds growth expectations in Raleigh

September 16, 2014

(The News & Observer, Raleigh)

Florida-based Citrix attributes growth in Raleigh to the success of its ShareFile software and a talented pool of workers in the area. The company is relocating to a 170,000-square-foot office near downtown that will allow it to employ about 800 workers. Citrix received state and local incentives in 2012 to increase its local workforce from 130 to 470.

AvidXchange adding 600 workers in Charlotte

September 16, 2014

(The Charlotte Observer)

A software company will add 603 workers in a headquarters expansion in Charlotte. AvidXchange will invest more than $20 million in a four-story,115,000-square-foot space at the N.C. Music Factory. The company, which provides automated payment and invoicing services for businesses, employs about 300 in three states.

Report: NC among states most reliant on income tax

September 16, 2014

(News & Record, Greensboro)

Standard & Poor's reports that North Carolina is among 10 states most reliant on income tax revenues, and its revenues between 2009 and 2011 grew at a slower rate than others in that group. A recent study claims the widening gap between the top 1% of earners and everyone else has slowed the American economic recovery since the Great Recession.

Asheville river district could receive millions more

September 16, 2014

(Asheville Citizen-Times)

Asheville could receive as much as $8.5 million in additional funds to redevelop its River Arts District. The federal government awarded the city $14.6 million for transportation improvements in the area, and the city will invest $14.6 million. 

Nucor to acquire Kentucky steel mill for $770 million

September 16, 2014

(The Charlotte Observer)

Nucor will buy Kentucky-based Gallatin Steel Co. for $770 million. It's the biggest acquisition for the Charlotte-based steelmaker since March 2008, when it bought SHV North America Corp. for $1.44 billion. The deal is expected to close by year-end.

Campbell University has most NC undergrads

September 16, 2014

(The Fayetteville Observer)

Since 2009, Buies Creek-based Campbell University has enrolled more undergraduate students from North Carolina than any other private college or university in the state, according to a report based on data from the N.C. Independent Colleges and Universities.

Group says fracking supporters bused in homeless to boost numbers at hearing

September 16, 2014

(Asheville Citizen-Times)

An environmental group says the N.C. Energy Coalition bused in a group of homeless men unfamiliar with the practice of hydraulic fracturing from Winston-Salem in an effort to bolster the number of fracking supporters at a public hearing in Cullowhee on Friday.

About 600 turn out for final fracking meeting

September 15, 2014

(Asheville Citizen-Times)

About 600 people attended the state's final public hearing on hydraulic-fracturing regulations. The majority of the speakers at the four-hour meeting in Cullowhee opposed the practice. The N.C. Geological Survey retreated from plans to collect rock samples in Western N.C. to test for potential shale-gas deposits.