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February 2013 Archives

Acquisition increases Duke Energy's fourth quarter revenues

For the quarter that ended Dec. 31, 2012, Duke Energy reported a net income of $435 million, or $0.62 per share on a diluted basis. These results include the impact of the Charlotte-based company's acquisition of Progress Energy, which more than doubled the net income of its United States Franchised Electric and Gas Division. As a result of the merger, Duke has been in the process of establishing a business entity that is larger and offers five utilities to more than seven million customers in six different states.The growth in Duke's Electric and Gas division helped to offset revenue decreases in other business lines. Earnings were also impacted by the $91 million cost of completing the Progress Energy merger. Acquisition costs reduced earnings per share by $0.06.

Stand-up comedian struck, killed by drunk driver in North Carolina

We have heard the message countless times here in Fayetteville: Drunk driving is extremely dangerous. Yet, drunk driving accidents continue to take the lives of hundreds of people throughout the country every year.

Appeal of sand mine license rejected by N.C. Superior Court

A plan to create a sand mine in North Carolina may have taken a step closer to becoming a reality recently when a Superior Court judge dismissed a community group's appeal of the decision to grant a license to the business behind the scheme. The judge dismissed the business litigation on fairly technical grounds. He ruled that the appellants failed to name the permit holder, Buie Lakes Plantation LLC, as a defendant as required by law, thus invalidating the appeal.

New study finds obesity a leading factor of deaths in car crashes

When you get behind the wheel of a motor vehicle, you voluntarily open yourself up to a great deal of risk. No matter what type of safety precautions you take before hitting the streets, there is a chance that a negligent, reckless, impaired or drunk driver has made the decision to occupy the streets as well.

Dump truck driver cited for causing crash in North Carolina

Earlier this week, a road had to be closed temporarily in North Carolina while workers cleared debris from a crash between a dump truck and a pickup truck. Since the accident happened only one day ago, reports have not yet stated whether anyone was seriously injured in the truck accident.

N.C. cellphone case company says it didn't violate trademark

A North Carolina business that manufactures protective cases for smartphones is taking the offensive against accusations that it infringed a competitor's trademark of a case with a similar name. The company, Universal Mania Inc., has filed a lawsuit seeking a declaration that its case did not infringe on a copyright belonging to Otter Products LLC, an out-of-state business.

Seat belts in motor coach buses likely to be required soon

Folks in Fayetteville understand that wearing a seat belt while driving or riding in a vehicle may help to curb the possibility of injury or death when a car accident does occur. So why don't vehicles that are used for mass transit provide passengers with seat belts?

Dump truck driver who killed North Carolina woman had revoked license

Last week, a 71-year-old North Carolina woman was killed when a dump truck crashed into her vehicle. Although accidents happen every day, this accident could have been avoided.

New N.C. commerce secretary wants business development in state

The new secretary of commerce for North Carolina says that state government will be more welcoming to business formation with the help of her leadership. She is emphasizing entrepreneurship throughout the state, including smaller cities and towns as well as larger cities like Fayetteville and Wilmington.

Hybrids and electric vehicles may turn up the volume for safety

Laws governing U.S. roadways continue to be established to keep motorists, bicyclists and pedestrians safe. Laws have been established in North Carolina and throughout the entire country to prevent drivers from operating their vehicles while being distracted by cellphones. And many states require the use of seat belts to better protect drivers and passengers in the event of a collision.

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February 2013 Archives | Blog