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Business

Officials announce 1,300 jobs coming to Wilmington

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videoGovernor Pat McCrory announced this afternoon that Vertex Rail will be adding 1,300 new jobs at the former Terex Crane facility located on Raleigh Street in Wilmington. The company will manufacture rail tank cars which are in high demand to transport crude oil from North Dakota, Texas and other energy-producing states. Full story...
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NEW DETAILS: 1,000+ jobs coming to Wilmington

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video Governor Pat McCrory is scheduled to attend a news conference Thursday, where officials will announce more than 1,000 new jobs appear headed to New Hanover County. Full story...
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Waffle House coming to downtown Wilmington

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videoDowntown Wilmington could soon see a well-known brand open its doors on N. Front Street. Wilmingtonbiz.com reports a Waffle House is slated to open in the building once occupied by the Soapbox Laundro-Lounge. Full story...
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Rail manufacturer to bring 1,000 jobs to Wilmington

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videoMore than 1,000 new jobs appear headed to New Hanover County. County Commission Chair Woody White, who is also on the Board of Directors for Wilmington Business Development, says he's heard the new company will be Vertex Rail Manufacturing. Full story...
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Bank of America taking $400M litigation charge

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Bank of America says it is taking a $400 million charge to cover additional litigation costs and cut its results for the third quarter. The Charlotte, North Carolina, company says it is in talks with U.S. banking regulators about its foreign exchange business. Citigroup cut its third-quarter earnings by $600 million on Oct. 30 for similar reasons. Full story...
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GE Hitachi gets big government grant for research project

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videoThe federal government has selected GE Hitachi to lead a research and development project. The company will receive a multi-million dollar investment from the Department of Energy to develop an updated safety assessment of the company's PRISM sodium-cooled fast reactor. Full story...
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NC panel eyes unannounced fracking inspections

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Hearing officers who studied public comments on fracking in North Carolina are recommending that rules be revised to allow unannounced inspections of hydraulic fracturing operations. The report was prepared by three members of the state Mining and Energy Commission for the full board to consider at meetings starting Thursday. Full story...
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NCDOT recommends sponsoring highway clean-up

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A study by the N.C. Board of Transportation is suggesting sponsorship for highway litter removal and rest areas, as well as increasing certain fees as a means of easing the burden on taxpayer funds for services it provides. The recommendations were released on Wednesday after the NCDOT study which was directed by the N.C. General Assembly. Full story...
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Two NC ski resorts open on heels of weekend snow

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Two out of North Carolina's half-dozen ski resorts are open for business and fun after an early snow hit parts of the state's mountains. Sugar Mountain Resort and Cataloochee Ski Area opened Sunday for their winter season Sunday. Full story...
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Duke Energy will not bill customers for taxes

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Duke Energy says it will not charge customers for corporate income taxes that it does not have to pay. Full story...
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