Triangle

DENR investigating Duke Energy's Chatham County plant

March 18, 2014

(The News & Observer, Raleigh)

Duke Energy is facing scrutiny at its Cape Fear Plant in Chatham County as state regulators question why the utility has been pumping coal-ash wastewater into the Cape Fear River. Duke says it notified the state last August about plans to lower the water levels at its ash ponds there in order to perform routine maintenance.

National Golf Club to become 'club within a club' at Pinehurst Resort

March 18, 2014

(The Pilot, Pinehurst)

Pinehurst Resort & Country Club has reached a tentative agreement to purchase National Golf Club before the U.S. Opens are held at Pinehurst in June. If approved by members and boards of both organizations, plans would include a $1 million clubhouse renovation and an $250,000 increase to the annual golf-course maintenance budget. Financial terms were not disclosed. 

Raleigh-based Baxano Surgical gets $10 million investment

March 18, 2014

(Greater Wilmington Business Journal)

Baxano Surgical, a medical-device company that moved its headquarters from Wilmington to Raleigh last spring, will receive investments totalling $10 million from two unnamed investors to expand its product portfolio. The company also appointed Tim Shannon, the company's interim CFO since September, to the post permanently.

Grand jury investigation of Duke Energy and DENR begins Tuesday

March 18, 2014

(The News & Observer, Raleigh)

A federal grand jury will meet today through Thursday in Raleigh to review information obtained through 23 subpoenas issued regarding the relationship between Charlotte-based Duke Energy and its state regulator, the N.C. Department of Environment and Natural Resources.

Business-software company expanding in Raleigh

March 17, 2014

(The News & Observer, Raleigh)

California-based business-software company Workday will hire eight more workers to its existing 21 at its Raleigh office by year-end. The company, which offers human resources and financial software, also expects to open a new office in Charlotte this year.

Dirtbag Ales to open brewery in Hope Mills

March 17, 2014

(The Fayetteville Observer)

Dirtbag Ales will open its own brewery in June in Hope Mills. The company, started by two Army medics, currently brews two beers at Aberdeen's Railhouse Brewery that are distributed to area restaurants.

DENR wants more details on Duke Energy's coal-ash cleanup plan

March 14, 2014

(The News & Observer, Raleigh)

The N.C. Department of Environment and Natural Resources has rejected a four-page letter Duke Energy submitted as its plan to clean up 33 ash ponds at coal plants across the state, saying the report was inadequate.

Lenovo to move server unit to former Sony-Ericsson campus

March 14, 2014

(The News & Observer, Raleigh)

Lenovo will move Triangle operations of IBM's x86 server unit to the 450,000-square-foot corporate campus formerly occupied by Sony Ericsson at Research Triangle Park. The computer-maker also plans to build a 30,000-square-foot office to house its Enterprise Business Group.

Brannon must pay more than $450K in civil lawsuit

March 14, 2014

(The News & Observer, Raleigh)

A Superior Court judge has ordered U.S. Senate candidate Greg Brannon to pay $250,000 plus interest and legal fees to two investors in a defunct technology company Brannon helped start. The Cary physician is seeking the Republican nomination to challenge Dem. U.S. Sen. Kay Hagan.

Chimerix CEO received death threats

March 13, 2014

(The News & Observer, Raleigh)

The CEO of Durham-based Chimerix received death threats which led the drug-development company to place its office on lockdown prior to the company's decision to provide an experimental antiviral drug to a gravely ill 7-year-old boy in Virginia.

Study: Raising minimum wage would hurt hiring

March 13, 2014

(The News & Observer, Raleigh)

In a new study by Duke University and CFO Magazine, 56.7% of CFOs at retail businesses and 44.1% at service-based companies say they would reduce hiring if the minimum wage goes up to $10 per hour.

Construction to begin on Mebane candy factory

March 13, 2014

(The News & Observer, Raleigh)

Japanese candy-maker Morinaga & Co. will begin construction on its new 100,000-square-foot candy factory in Orange County in a few weeks. The company plans to invest $48 million and hire up to 90 workers with an average annual wage of $39,979. Production should begin by June 2015.

Durham's Cree introduces new 100-watt LED bulb

March 13, 2014

(The News & Observer, Raleigh)

Durham-based Cree is cutting the prices of some of its LED lightbulbs by as much as 23% and will introduce a new 100-watt equivalent bulb that will retail exclusively at Atlanta-based Home Depot stores.

Durham's Chimerix will give first-grader access to experimental drug

March 12, 2014

(The News & Observer, Raleigh)

After a social media campaign urging Durham-based Chimerix to give a 7-year-old Virginia boy an experimental antiviral drug, the drug-development firm says it has reached an agreement with the Food and Drug Administration to make the drug available to the child, a four-time cancer survivor suffering from a potentially fatal viral infection, for six months.

Morrisville clinical research firm acquires Hong Kong's Choice Pharma

March 12, 2014

(The News & Observer, Raleigh)

Clinipace Worldwide, a contract-research organization that has its headquarters in Morrisville, has acquired Hong Kong-based Choice Pharma, expanding its global workforce to 640 workers in 30 countries. Financial terms were not disclosed.

Utilities Commission subpoenaed for inspection records

March 12, 2014

(The Charlotte Observer)

The N.C. Utilities Commission received a subpoena for records pertaining to coal-ash pond inspections. Duke Energy, the Department of Environment and Natural Resources and 18 water-quality officials have also received subpoenas as part of the federal grand jury investigation that began after Duke's coal-ash spill at the Dan River plant in Eden.

Quintiles' Gillings, other investors plan $939 million stock offering

March 11, 2014

(The News & Observer, Raleigh)

According to a filing with the Securities and Exchange Commission, a group of shareholders that includes the co-founder and chairman of Quintiles Transnational plan to sell 17.25 million shares of the company's stock in a public offering. Quintiles is a contract-research organization that employs 2,600 in the Triangle and more than 28,000 worldwide.

Pittsboro wants more specific details on Chatham Park proposal

March 11, 2014

(The News & Observer, Raleigh)

The Pittsboro Board of Commissioners has asked the developer of the proposed Chatham Park community for more details on the project and will appoint a citizen review committee to guide its progress. The board's decisions are based on recommendations from an outside firm it hired to review the master plan for the massive development that could bring 60,000 people to the area.

McCrory tells students Duke Energy didn't take care of responsibility at Eden plant

March 11, 2014

(The News & Observer, Raleigh)

Speaking to a group of students and faculty at a Raleigh private school, Gov. Pat McCrory said Duke Energy overlooked its responsibility to the public when it closed the Dan River coal-fired power plant. The governor also said he has a goal of increasing pay for all teachers based on performance.

AG Cooper will appeal Aqua rate increase if approved

March 10, 2014

(The News & Observer, Raleigh)

North Carolina Attorney General Roy Cooper indicated he will appeal a 5.2% rate increase requested by Aqua North Carolina if it is approved by the N.C. Utilities Commission. Aqua is the state's largest private water utility.