Business

Duke Energy in federal court today for sentencing

May 14, 2015

(WRAL.com)

In a federal court in Greenville Thursday, Duke Energy is expected to plead guilty to nine environmental crimes and will pay $102 million in fines and restitution.

Coca-Cola Bottling continues expansion

May 14, 2015

(The Charlotte Observer)

Charlotte-based Coca-Cola Bottling Consolidated, the largest U.S. independent Coca-Cola bottler, will expand its franchise territory to new markets in 10 states and the District of Columbia.

Randolph megasite taking shape

May 14, 2015

(News & Record, Greensboro)

Triad leaders hope a site of up to 1,800 acres will compete with other megasites in Chatham and Edgecombe counties. On June 1, Randolph County commissioners will consider spending $5.87 million to purchase 170 acres of land. The county paid $4.2 million for 255 acres earlier this year.

Asheville City Council cracks down on short-term rentals

May 14, 2015

(Asheville Citizen-Times)

Members of the Asheville City Council want to toughen enforcement on short-term property rentals gaining popularity through websites such as Airbnb.com, saying the practice turns quiet, residential neighborhoods into noisy hotel districts and reduces affordable housing.

Morrisville's MaxPoint Interactive posts strong results

May 14, 2015

(The News & Observer, Raleigh)

Reporting its first quarterly results since its March IPO, Morrisville-based MaxPoint Interactive said Wednesday revenue increased 87% to $28.7 million, though net loss grew to $8.1 million, compared with $4.2 million a year ago. The digital-marketing company makes software to help advertisers target customers who are likely to buy their products.

BofA shifts real-estate employees to outside firms

May 14, 2015

(The Charlotte Observer)

Bank of America will move several hundred workers from its corporate real-estate group to outside firms CBRE and JLL. The bank said earlier this week that Charlotte-based Lincoln Harris would no longer manage its properties in the Southeast. Los Angeles-based CBRE and Chicago-based JLL will now manage all of BofA's buildings across the U.S. and globally.

Landowners refile lawsuit against Brunswick developer

May 14, 2015

(StarNews, Wilmington)

A group of about 115 landowners refiled a lawsuit claiming a local developer used overvalued appraisals to inflate the value of 62 lots in Brunswick County. The same lawsuit was dropped in April 2014.

NC tops Site Selection list of competitive states

May 13, 2015

(Site Selection)

North Carolina edged out Louisiana, Texas, South Carolina and Tennessee to earn first place on Site Selection magazine's list of 10 most competitive states for 2014. States were ranked based on 10 criteria, including total new and expanded facilities, capital investment and number of jobs created in 2014.

Ag commissioner says avian flu will reach NC by fall

May 12, 2015

(WRAL.com)

State Agriculture Commissioner Steve Troxler said he expects migrating birds to bring the avian flu to North Carolina by fall. The latest outbreak of the highly contagious disease has infected chicken farms in the Midwest and California.

Ross says UNC's reputation is at risk

May 13, 2015

(The Charlotte Observer)

UNC System President Tom Ross says the public university system is "teetering on the edge" and its national reputation is at risk. Speaking in Charlotte on Tuesday, Ross said the state is spending 14% less per degree, while the system produces 18% more graduates than it did five years ago.