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Duke Energy to eye more acquisitions

Duke Energy will likely be looking to buy more electric utilities after it has completed its $26 billion merger with Progress Energy.

Duke CEO Jim Rogers, who will be executive chairman of the merged company, described the corporate strategy as part of a 13-minute filmed interview with the Financial Times newspaper. Rogers made the comments during a visit to New York to promote Charlotte and the city's emerging energy cluster.

Charlotte-based Duke subsequently filed the Times' article with the U.S. Securities and Exchange Commission as part of its ongoing disclosure of information pertinent to the pending merger, which is expected to close at the end of this year. The two North Carolina companies announced their union in January and plan to make their first regualtory filings this month.

"We'll be in a stronger position to continue the consolidation, which I think is inevitable in a very fragmented market in the U.S.," Rogers said. "As you think about how this industry has consolidated over the last 20 years, it continues."

UNC's business rebel with a cause

James Dean had a great name even before he became a dean.

Yes, now he's Dean Dean. 

Try to keep up. Dean is the dean of the UNC Chapel Hill Kenan-Flagler Business School, appointed to the top job last August after 12 years teaching at the school.

This week, he's the subject of a profile in the Financial Times, the august English business publication. 

The story's headline is "A Dean for Leaner Times," and gets into the challenges Dean faces in promoting leadership and other business themes at a time of diminishing resources.

As the article points out, the school's endowment, crushed by the weak economy in the same way that so many university investments have been, has dropped in value from $158 million last June to $117 million in March of this year.

Here's the story. 

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