Business

Concord looks to end contract with Duke Energy in 2019

November 18, 2014

(The Independent Tribune)

Concord city officials unanimously approved a decision to pursue a contract with NTE Energy when the city's 10-year contract with Duke Energy ends in 2019. St. Augustine, Fla.-based NTE is a privately held startup company that is building three natural-gas fired power generation plants, including one in Kings Mountain (Statewide, April).

NCAA announces sites for 2016-2018 men's basketball tournaments

November 18, 2014

(News & Record, Greensboro)

Greensboro Coliseum will host first- and second-round games in the 2017 NCAA men's basketball tournament. Raleigh's PNC Arena will host opening weekend games in 2016 and Charlotte's Time Warner Cable Arena will host early-round games in 2018.

SAS to offer software discounts for educators

November 18, 2014

(The News & Observer, Raleigh)

SAS will offer universities and K-12 school districts deep discounts on its analytics software through a contract with a nonprofit organization that assists educational organizations in 41 states. More than 3,000 educational groups worldwide use SAS software for tracking enrollment and retention and for budgeting.

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.