Business

Raleigh approves $1M in incentives for Infosys

The Raleigh City Council has approved $1 million in incentives for India-based technology company Infosys if it chooses Raleigh as the site of its new technology hub. Infosys said in July that it planned to hire 2,000 in Wake County to staff the new operations. So far, the state has offered Infosys a $25 million […]

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Solar developers target Duke Energy

Charlotte-based NARENCO and three other solar developers are alleging that Duke Energy Corp.’s utilities in South Carolina are bargaining in bad faith and violating federal and state policies by refusing to sign long-term power-purchase agreements. They also contend that Duke has blocked the development of solar projects in the state. In other developments, Duke plans […]

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N.C. files suit against Chemours over GenX

North Carolina has filed a lawsuit against The Chemours Co., the company linked to the dumping of chemical compound GenX into the Cape Fear River. The suit alleges that Chemours violated the state’s water and air resource laws, and regulators are threatening to pull the company’s wastewater permit. In addition, the state says plant operators […]

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United Technologies to buy Rockwell Collins in $30B deal

Aerospace supplier United Technologies Corp. of Connecticut has struck a $30 billion deal to acquire Iowa-based avionics firm Rockwell Collins Inc. The cash and stock deal, which includes $7 billion in Rockwell debt, creates one of the largest aircraft equipment manufacturers in the world. Rockwell Collins completed its $8.6 billion acquisition of B/E Aerospace Inc. […]

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