Business

First N.C. offshore wind farm lease awarded

A Portland, Oregon, company will start planning for widnmills off the coast in earnest now that it has finalized North Carolina’s first offshore wind farm lease. Avangrid Renewables of Portland, Oregon, submitted its $1.9 million bid for a 122,000-acre tract off the Outer Banks in March. The company’s parent, Spanish firm Iberdrola, already operates offshore […]

2
Like
Save
Trump plan to limit health care subsidies may have limited impact

The immediate effects of the Trump Administration’s orders related to the American Care Act likely be limited in North Carolina, at least for 2018 coverage. People who buy plans through the ACA exchanges but do not qualify for premium subsidies may bear much of the impact. Still, North Carolina Attorney General Josh Stein called the […]

1
Like
Save
Carmakers choosing steel over aluminum as technology improves

Varieties of lighter, stronger steel are being used in Fiat Chrysler’s Pacifica van, Honda Motor Co.’s Ridgeline pickup truck and General Motors Co.’s Malibu sedan as automakers opt for steel instead of aluminum. Charlotte-based Nucor now sells nearly a fifth of its annual production volume to auto makers. Tougher fuel economy requirements have prompted automakers […]

2
Like
Save
BofA 3Q earnings up 13%

Bank of America Corp. reports a 13% increase in third-quarter profits to $5.59 billion, or 48 cents per share. The Charlotte-based bank exceeded analysts’ consensus estimate of 45 cents per share. Revenue grew to $22.08 billion from $21.86 billion a year earlier. In other developments,┬áBofA has signed a lease for 100,000 square feet of office […]

2
Like
Save
Privacy Policy | Terms of Service | Curation Policy | DMCA Policy