Business

Charlotte asks FAA to rule in airport dispute

November 17, 2014

(The Charlotte Observer)

The city of Charlotte has asked the Federal Aviation Administration to issue a ruling that would allow it to continue running Charlotte Douglas International Airport. An October 13 decision by a Superior Court judge barred a 13-member state-appointed commission from assuming control of the airport.

BofA's rating for community lending downgraded

November 17, 2014

(The Charlotte Observer)

A federal regulator lowered Bank of America's rating for community lending and investing, citing evidence of illegal credit practices such as an April settlement that resolved claims the Charlotte-based bank overbilled customers for identity-protection products. 

Walmart hires 3,000 veterans in NC

November 17, 2014

(The Fayetteville Observer)

Walmart says it has hired more than 3,000 veterans at more than 190 locations in North Carolina over the past 18 months as part of an initiative that guarantees a job offer to any honorably discharged veteran within 12 months of leaving the service.

NC officials on quest to lure auto manufacturer

November 17, 2014

(The Charlotte Observer)

State officials are ramping up efforts to attract an auto-manufacturer to North Carolina, which faces tough competition from other states and Mexico. Meanwhile BMW is undergoing a $1 billion expansion at its Greer, S.C. plant – where the German auto-maker employs more than 8,000 workers – that will make it the largest BMW factory in the world.

FCC asks AT&T to explain delay in fiber-network deployment

November 17, 2014

(WRAL TechWire)

The Federal Communications Commission has asked AT&T to better explain why it is delaying the deployment of its fiber network. The telecommunications company had planned to roll out its high-speed, gigabit Internet service in much of the Triangle and other parts of North Carolina, but said last week it has put a "pause" on network construction.

Rural communities face challenge attracting jobs

November 17, 2014

(The Fayetteville Observer)

Four small towns near Fayetteville are struggling to bring jobs back after manufacturing plants that once employed hundreds or thousands have shut down.  

Brunswick County considers new incentives policy

November 17, 2014

(StarNews, Wilmington)

Brunswick County commissioners will consider an incentives policy that could help small to midsize employers looking to expand or relocate in the area. If approved, the new policy would provide job-creation grants of up to $1,000 per full-time job created if a company commits to adding a minimum of 10 jobs. 

Study to look at safety and traffic flow in proposed Triangle rail corridor

November 17, 2014

(The News & Observer, Raleigh)

A coalition that includes local governments and the N.C. Department of Transportation has commissioned a $520,000 study to outline suggested safety improvements along a proposed light-rail corridor in east Cary and west Raleigh.

Greensboro's Epes tries out natural-gas trucks

November 17, 2014

(News & Record, Greensboro)

Epes Transport System is experimenting with zero-emission trucks that run on compressed natural gas. The Greensboro-based trucking company is part of an N.C. State program that awards grants to companies that operate vehicles with clean fuel.

Rail-car manufacturer to create 1,300 jobs in Wilmington

November 14, 2014

(Greater Wilmington Business Journal)

Vertex Rail Technologies will hire1,342 workers and invest $55 million to $60 million in a Wilmington plant where it will make rail tank cars that will be used to transport crude oil. The company will renovate a plant where Westport, Conn.-based Terex Corp. previously manufactured cranes.