Business

Political ads target Republican senators for support of fracking

April 7, 2014

(The Sanford Herald)

A pro-environment group which includes the Southern Environmental Law Center is behind new politcal ads labeling three Republican state senators as "The Fracking Crew." The ads target Harnett County's Sen. Ronald Rabin, Wake County's Sen. Chad Barefoot and Sen. Wesley Meredith of Cumberland County, condemning the trio for their support of hydraulic fracturing.

Charlotte Douglas still 8th-busiest airport in nation

April 4, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport was the eighth-busiest airport in the nation and 23rd-busiest in the world in 2013, maintaining those positions from the previous year. The number of passengers increased 5.4% to 43.5 million.

Baxter to purchase Chapel Hill biotech firm for $70 million

April 4, 2014

(WRALTechWire.com)

Deerfield, Ill.-based Baxter International will acquire Chapel Hill-based biotechnology firm Chatham Therapeutics for $70 million. Chatham is currently developing gene-therapy programs for the treatment of hemophilia.

 

Lowe's to pay $18.1 million to settle hazardous-waste case

April 4, 2014

(The Charlotte Observer)

Mooresville-based Lowe's Cos. will pay $18.1 million to settle a case claiming the home-improvement retailer illegally disposed of hazardous waste at more than 100 stores in California. Dumpster inspections showed the company discarded batteries, paints, pesticides and other hazardous materials that were not allowed in California landfills.

Economist predicts slow growth for Wilmington area

April 4, 2014

(Greater Wilmington Business Journal)

A PNC economist said Wilmington will experience economic growth but it will take it a year longer than the rest of North Carolina to completely climb out of the recession. Mekael Teshome said the area must attract higher-wage industries instead of relying on hospitality and retail.  

Study: 250,000 NC residents missing from labor figures

April 4, 2014

(The Winston-Salem Journal)

A study released Thursday show 250,000 North Carolina residents in their prime working ages have left the labor force, and the state unemployment rate would climb from 6.4% in February to 11.9% if these missing workers were factored in.

Durham's Scynexis lowers expectations for IPO

April 4, 2014

(The News & Observer, Raleigh)

Durham drug-development firm Scynexis expects shares to sell for $7 to $8 in its initial public offering, lower than its original target of $12 to $14, and plans to sell 7.3 million shares, up from 4.2 million. Share are expected to begin trading Friday.

Duke Energy to appeal court ruling in coal-ash case

April 4, 2014

(The News & Observer, Raleigh)

Duke Energy will appeal a Superior Court ruling that required the utility to immediately stop the source of coal-ash pollution. A Wake County Superior Court judge issued the order on March 6. Also, the N.C. Environmental Review Commission has scheduled a special meeting to discuss coal ash prior to the General Assembly's short session which begins in May.

Co-founder leaves CertusBank amid shareholder concerns

April 4, 2014

(The Charlotte Observer)

Charlie Williams, co-founder and former co-CEO of Greenville, S.C.-based CertusBank has left the company as shareholders have begun to question extravagant expenses including corporate condos, private jets and tickets to sporting events while the privately-owned bank reported deep losses.

Stanley Furniture closing Robbinsville plant, laying off 400 workers

April 3, 2014

(Asheville Citizen-Times)

High Point-based Stanley Furniture will close its manufacturing plant in Graham County, laying off 400 employees. The plant closing essentially ends domestic production for the company, which will keep just 95 workers at assembly and warehouse operations in Virginia.