Business

Duke Energy blasts rate hike opponents over coal ash

Duke Energy’s attorneys have filed a final brief with utilities regulators arguing for rate increases to help pay for coal ash cleanup and compliance with new regulations and slamming those costs should fall to shareholders. The attorneys argue their opponents ignore the fact that when the company installed its coal ash basins, regulations didn’t call […]

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Wells Fargo, flush with tax overhaul windfall, plans branch closures

Wells Fargo’s profits got a $3.4 billion boost from the U.S. corporate tax cut. But the banking giant will still shut down 900 branches to cut costs following a scandal in which it opened fake accounts for its customers.

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N.C. Gov. Cooper keeps lips sealed about Amazon incentives

Georgia Gov. Nathan Deal is reportedly promising the biggest incentives package in that state’s history to attract Amazon.com’s second headquarters. In North Carolina, Gov. Roy Cooper won’t say what incentives the state’s willing to come up with to bring the company’s HQ2 to the state.

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Greensboro-Randolph megasite player undeterred by Toyota-Mazda rejection

Sam Simpson, a key player in assembling a giant industrial site in Randolph County is disappointed North Carolina missed out on a Toyota-Mazda assembly plant that went to Alabama. But he’s optimistic that the future is promising to ultimately attract a worthy company to the site.

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