Business & Economy

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
Business & Economy
6:55 am
Tue June 19, 2012

Quintiles To Open China Headquarters

Durham-based Quintiles has had a strong presence in China for 15 years. Now it is building a headquarters there to serve nearby Asian countries.

Leoneda Inge:  Quintiles is building a 14-million dollar regional headquarters in Shanghai. The bio-pharmaceutical services company that manages clinical trials already has a presence in Beijing and Hong Kong.  Phil Bridges is a spokesman for Quintiles.  He says it was time to significantly expand lab testing capabilities in China.
 

Read more
Business & Economy
6:15 am
Fri June 15, 2012

Ralph Lauren Adding 500 Jobs In High Point

Clothing manufacturer Ralph Lauren has announced it will expand in North Carolina.

Jeff Tiberii: The company plans to add 500 jobs by the end of 2017 while also investing about $100 million. Ralph Lauren is the city’s fourth largest employer and will have nearly 2,000 local workers after these additions. Governor Bev Perdue says the growth is a positive sign for the economy.

Read more
Business & Economy
7:00 am
Wed June 13, 2012

RTI Awarded Energy Grant

RTI International has been awarded 4-point8-million dollars to develop technology to help reduce the energy needed to power manufacturing facilities.

Leoneda Inge:  RTI International will partner with Duke University and Veolia Water Solutions in Cary to develop a system that will allow heat from industrial processes to treat waste-water.  David Danielson is Assistant Secretary of Energy Efficiency and Renewable Energy for the US Department of Energy.  He says his office is funding 13 projects in this first round.

Read more
Business & Economy
8:00 am
Thu June 7, 2012

Duke CFO Survey Forsees Hiring

The new quarterly survey by Duke University and CFO Magazine shows most CFOs are ready to hire.

Leoneda Inge:  The new global business outlook survey shows most chief financial officers plan to expand their firm’s workforce by an average of two-point-five percent.  Campbell Harvey is a Finance Professor at Duke’s Fuqua School of Business. He says that’s huge.

Read more
Business & Economy
6:10 am
Fri June 1, 2012

Job Fair For Veterans

The U.S. Chamber of Commerce is sponsoring a job fair for veterans and military spouses in Chapel Hill today. It's part of a national initiative to curb the high unemployment rate among veterans.

Read more
Business & Economy
3:20 pm
Fri May 25, 2012

State Of Research Triangle Region

Charles Hayes speaks at State of Research Triangle Region 2012.
Gerry Collins Photography

Business Leaders, economic developers and other stakeholders came out in the hundreds to hear yesterday’s State of the Research Triangle Region address.

Leoneda Inge: Charles Hayes is President and CEO of the Research Triangle Regional Partnership. He says in 2011 the region’s population grew by nearly two percent and wages grew by almost five-percent. But job growth is still slow. Hayes says since their economic plan was implemented in 2009 the 13 county region has added only 22,400 jobs.

Read more

Pages