Business & Economy

Business & Economy
3:55 pm
Tue July 3, 2012

Duke Energy Finalizes Merger

Duke Energy is now the largest utility in the country. But the company is moving forward without its expected leader.

Gurnal Scott: Duke Energy held a conference call with reporters to mark the merger's completion. And board member Anne Maynard Gray had another announcement.

Anne Maynard Gray: Bill Johnson has resigned as president and chief executive officer of the combined company by mutual agreement with the board.

Read more
Business & Economy
5:14 pm
Fri June 29, 2012

NC Test Site for Walmart Express

Danielle Palmer is store manager at Walmart Express in Snow Hill, NC.
Leoneda Inge

There are five new Walmart stores in North Carolina that might make you do a double-take.  They’re mini Walmarts popping up in rural communities, miles away from the nearest Walmart Supercenter.  They’re called Walmart Express and some say they are designed to compete with your corner “dollar” stores that are shining in this down economy.

Leoneda Inge:  We all pretty much know what a Walmart “Supercenter” looks like, aisles for days.  Well, Walmart Express stores run 10 to 15-thousand square feet.   That’s one- tenth the size of a supercenter.

Read more
Business & Economy
2:03 pm
Fri June 29, 2012

State Utilities Commission Approves Duke Energy Merger

North Carolina utilities regulators have approved the merger of Duke Energy and Progress Energy, the last major hurdle to creating the largest American electric company. North Carolina Utilities Commission Chairman Edward Finley Jr. said Friday the deal was the best possible in an environment of energy industry consolidation. Finley says it was preferable for the two North Carolina-based companies to combine rather than be bought up by a company elsewhere. Conditions to the merger include the companies passing along at least $650 million in savings to customers.

Business & Economy
4:35 pm
Thu June 28, 2012

Economic Impact of High Point University Grows

A new study shows growth at High Point University has led to an increased economic impact on the local and state economy.

Jeff Tiberii: The report says that the annual economic impact has nearly tripled in just the last seven years. The private university with about 4-thousand undergrads has undergone a significant make-over during that time under President Nido Qubein.

Read more
Business & Economy
9:29 am
Thu June 28, 2012

Strip Clubs Pony Up For The DNC

It's not just city officials and business leaders rolling out the red carpet for the Democratic National Convention in Charlotte. So is the adult entertainment industry. The same thing is happening in Tampa, the site of the Republican National Convention. As WFAE's Tanner Latham reports, strip club owners, managers, and dancers are all hoping to cash in on the excitement.

Read more
Business & Economy
6:30 am
Thu June 28, 2012

Triad Research Park Hires New President

In Winston-Salem a new president has been named to the Piedmont Triad Research Park. Jeff Tiberii has more.

Jeff Tiberii: Eric Tomlinson has been chosen by Wake Forest Baptist Medical Center to lead the PTRP. Tomlimson has experience as both a scienctist and leader of several start-ups. That was a major draw for the leaders at Wake Forest, including Dr. John McConnell, the CEO of Baptist Medical Center.

Read more
Business & Economy
8:10 am
Wed June 27, 2012

PNC Invests $1 Million In Education, Economic Development

PNC is investing a million dollars in North Carolina to spur the economy and boost preschool education.

Asma Khalid: The Pittsburgh-based bank is collaborating with Wake County Public Schools, Carolina Ballet and the North Carolina Museum of Art to introduce low-income students to the arts.

Wake County Superintendent Tony Tata welcomes the PNC initiative.

Read more
Business & Economy
6:10 am
Tue June 26, 2012

State Regulators Consider Duke-Progress Merger

The decision to permit a Duke Energy-Progress Energy merger in now in the hands of state regulators.

Gurnal Scott: North Carolina Utilities Commission chairman Ed Finley was non-committal after yesterday's hearing.

Read more
Business & Economy
6:10 am
Mon June 25, 2012

Final Hearing Today On Duke-Progress Merger

Duke Energy officials hope a state Utilities Commission hearing today is the final hurdle before a merger with Progress Energy is complete.

Gurnal Scott: The commissioners will hear from company leaders about how consumers will be protected as Duke Energy seeks to become the nation's largest utility. Spokesman Tom Williams says the last year and a half since announcing the 26 billion dollar merger has prepared them.

Read more
Business & Economy
6:10 am
Wed June 20, 2012

Power Companies Won't Meet Pig Poop Electricity Mandate

Farmer Loyd Bryant (left) with developers Tanja Vujic and Marvin Cavanaugh next to a microtubine that's generating electricity from swine waste
Asma Khalid

Back in 2007, North Carolina passed the first renewable energy mandate in the Southeast. The new rules say that by the end of this year at least three percent of all electricity needs to come from green sources. The power companies say they'll easily meet that, but they're going to come up short on two fronts. The law includes a provision for electricity from poultry waste and hog manure. The utilities say they can't meet either one of those terms.

Read more

Pages