Ritchie Bros. to auction millions of dollars of equipment in Butner

More than one thousand potential bidders from around the country are expected to descend upon the Ritchie Bros. auction site off Interstate 85 in Butner on Dec. 12 to take part in the auction company’s second big event there since opening in September. Read »

Energy

Regulators won’t reconsider order on Duke Energy merger

The N.C. Utilities Commission has dismissed NC WARN’s request to reopen hearings on Duke Energy Corp.’s $32 billion purchase of Raleigh-based Progress Energy Inc. Read »

Banking & Financial Services

TCAP invests $16M in Georgia company

Raleigh-based business lender Triangle Capital Corp., led by Garland Tucker, has invested $16 million in Norcoss, Ga.-based Comverge Inc., which makes utility management technology. Read »

Banking & Financial Services

HSBC to pay $1.9B in money-laundering case

HSBC, Europe’s largest bank by market value, said Tuesday it has agreed to pay more than $1.9 billion to U.S. authorities -- the largest penalty ever paid by a bank -- after failing to abide by anti-money laundering and sanctions laws. Read »

Logistics & Transportation

Report: RDU contributes $8B to N.C. economy

North Carolina’s 72 publicly owned airports contribute nearly $26 billion to the state’s economy, representing about 6 percent of all economic activity in the state, according to a report commissioned by a state agency. Michael Landguth (pictured) is airport director at RDU. Read »

The most expensive housing markets in North Carolina

Which is more expensive – a house on the beach or one in a very upscale, some might even say snooty, urban community? In North Carolina, the answer seems to be the beach house. To find out which Triangle communities ranked in the Top 10, view our slideshow. Read »

Sports Business

NHL cancels more games

Sorry Carolina Hurricanes fans, but the prospects for hockey being played anytime soon in PNC Arena are getting slimmer and slimmer. The National Hockey League has canceled all games through Dec. 30, according to the Associated Press. Read »

Jones leaving ballet to run Girl Scouts

The board of directors at Girl Scouts – North Carolina Coastal Pines has selected Lisa M. K. Jones as the new chief executive officer of the nonprofit, according to a news release issued by the organization. Read »

Bowles: 40% chance of cliff deal

One of North Carolina's most astute money and public policy people, Erskine Bowles, is now making some meek sounds of optimism that a deal will get done. Read »