Business

Compromise bill reduces wind-farm moratorium to 18 months

A proposed ban on wind-energy projects for four years has been reduced to an 18-month moratorium under a compromise renewable-energy bill that passed the N.C. House and Senate early Friday morning. Sen. Harry Brown, a Republican from Jacksonville, argues the ban is needed to provide time to ensure wind towers don’t interfere with military flight […]

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Samsung to invest $380M in S.C. plant, add 950 jobs

South Korean electronics company Samsung will invest $380 million in a home-appliance manufacturing facility in Newberry, S.C., that will create 954 new jobs over the next three years. Samsung plans to employ workers in a broad range of advanced manufacturing positions. The new operations, which include research and development, will occupy a former Caterpillar facility. Newberry is […]

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Justin Burr places claim as state’s foremost judicial reformer

Perhaps N.C. Rep. Justin Burr, a bail bondsman from Stanly County, could soon be known as the John Marshall or Louis Brandeis or Antonin Scalia — pick your favorite judicial reformer — of North Carolina jurisprudence. Burr has filed a bill that would change the election districts of the state’s judges, almost single-handedly changing the […]

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Georgia bank to acquire Four Oaks Fincorp for $124M

Four Oaks Fincorp Inc., a 14-branch bank based in Johnston County, is being acquired by United Community Banks Inc. of Georgia in a $124 million cash and stock deal. United operates 134 offices in the Carolinas, Georgia and Tennessee. Four Oaks is the second Triangle-based bank to be acquired this year. In April, Raleigh-based Paragon […]

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