Red Bull Racing, which announced in June that it would withdraw from NASCAR at the end of the season, will shutter its operations in Mooresville in December and lay off 152 employees.

The company filed a notice this week with the N.C. Department of Commerce under the Worker Adjustment and Retraining Notification Act.

The operations will close sometime between Dec. 17 and the end of the year.

Red Bull operated its Sprint Cup racing team different than many other teams.

A California-based bottled water company plans to open a new plant north of Charlotte and create 66 jobs during the next three years.

Niagara Bottling will receive a state grant worth up to $200,000 if it meets hiring and investment goals, Gov. Bev Perdue's office announced today.

The factory in Mooresville, about 150 miles west of Raleigh, will be the 10th plant nationwide for Niagara, founded in 1963. The factory will supply bottled water to grocers and other customers in the Mid-Atlantic region.

The average annual wage for the new jobs will be $39,447. That's higher than the Iredell County average of $36,348.