Business

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.

Duke Energy to store coal ash in clay mines

November 14, 2014

(The Charlotte Observer)

Duke Energy will move nearly 3 million tons of coal ash from its Sutton plant in Wilmington and its Riverbend plant near Charlotte to reclaim clay mines in Chatham and Lee counties. In addition to required synthetic liners placed under the ash, layers of clay in the mines, used by the brick industry, will help keep ash from infiltrating groundwater.

Duke's Fuqua tops list of MBA programs

November 14, 2014

(The News & Observer, Raleigh)

Duke University's Fuqua School of Business moved to No. 1 from No. 6 on Bloomberg Businessweek's ranking of full-time MBA programs. The rankings are based on a survey of company recruiters, a survey of graduating MBA students and published faculty research. UNC Chapel Hill's Kenan-Flagler Business School was ranked No. 12, up from No. 17.

Asheville tech company acquired by NY digital media company

November 14, 2014

(Asheville Citizen-Times)

Asheville-based DoctorDirectory has been acquired by New York-based Everyday Health for $65 million and the company expects to add up to 20 employees to its existing 81 by year-end. Located in Asheville since 1999, DoctorDirectory provides communication between doctors and pharmaceutical companies. 

Raleigh medical-device company files for bankruptcy protection

November 14, 2014

(StarNews, Wilmington)

Medical-device company Baxano Surgical has filed for Chapter 11 bankruptcy protection. The company, which makes surgical products to treat degenerative spine conditions, was formed when Wilmington-based TranS1 acquired San Jose, Calif.-based Baxano, then moved its headquarters to Raleigh.

Charlotte's Johnny Harris says keeping airport costs low more important than control

November 14, 2014

(The Charlotte Observer)

Johnny Harris, a prominent Charlotte real-estate developer and member of the Charlotte Airport Commission, said Thursday the matter of who runs Charlotte Douglas International Airport is less important than keeping costs low for its major carrier, American Airlines.

ZeekRewards founder pleads not guilty to federal charges

November 14, 2014

(Winston-Salem Journal)

ZeekRewards.com founder Paul Burks pleaded not guilty to fraud and conspiracy charges at an arraignment before a magistrate judge in Charlotte. Burks is accused of gaining more than $10 million from the Lexington-based Ponzi scheme between January 2010 and August 2012.

GE Hitachi gets large order for nuclear reactor parts

November 14, 2014

(Greater Wilmington Business Journal)

Castle Hayne-based GE Hitachi has received a large order for nuclear rod blades from a Swiss nuclear power plant. Financial terms of the order were not disclosed.