22 replies to this topic

[rancenc]

From Cabarrus County.  Of course in good time or bad times, companies are always changing to the demands of the market place.  Even though positions are slashed, it seems to be just reacting to a large customer's business decision.

http://www2.independ...ord/news-local/

[kermit]

It appears that the Duke / Progress merger is in some peril due to the concerns of federal regulators:

http://www.charlotte...regulators.html

[49er]

It's a separate issue, but I thought the rate increase was excessive and ill timed. They could have gotten the merger out of the way first. The public perception is oh look, they merge and also want to jack up our rates. And 17%? I don't care what kind of development they are trying to finance, it's a huge increase for most folks to swallow. I'm starting to feel like they've become like the Netflix's and BoA's of the world who are truly out of touch with how tough times are for average people. To an executive, they probably can't identify with how big a $20 increase per month could be for some peoples wallets.