Business

Wake County to hit 1 million residents Friday

August 19, 2014

(The News & Observer, Raleigh)

Based on the average growth rate of 62 people a day, Wake County is expected to reach the milestone of 1 million residents on Friday. The majority of Wake's growth comes from net migration − about two thirds of new residents come from other states, foreign countries and other counties in North Carolina.

Charlotte's Sonic Automotive to launch used-car dealerships

August 19, 2014

(The Charlotte Observer)

Sonic Automotive, the Fortune 500 company founded by Bruton Smith, plans to open a chain of stand-alone used-car dealerships. The first three EchoPark stores will open in Denver, Colo. by November.

Silicon Valley venture-capital firm looking to RTP for opportunities

August 19, 2014

(The News & Observer, Raleigh)

HealthQuest Capital, a Silicon Valley-based venture-capital firm, is looking to invest in life-sciences companies in North Carolina and other parts of the Southeast. The firm was founded by Garheng Kong, a former partner at Durham's Intersouth Partners, who says the region has long been underfunded when it comes to venture-capital investments.

Fayetteville could get call center, 500 jobs

August 19, 2014

(The Fayetteville Observer)

An unnamed company is considering downtown Fayetteville for a call center that would employ 500 people. The company is also considering Georgia and Tennessee for the jobs.

DOT to replace 11 bridges in Western NC

August 19, 2014

(Asheville Citizen-Times)

The N.C. Department of Transportation will replace 11 bridges in Buncombe, Madison and Mitchell counties that, while deemed safe for use, are costly to maintain due to outdated design standards (NCTrend, August). Mooresville-based Dane Construction was awarded an $11.4 million contract to replace the bridges.

ZeekRewards receiver looks to reclaim funds from overseas 'net winners'

August 19, 2014

(Winston-Salem Journal)

The receiver in the Lexington-based ZeekRewards.com case received permission to pursue claims from "winners" − those who had a net gain of at least $1,000 in the Ponzi scheme − in foreign countries.

Merger activity among Charlotte area companies part of larger US trend

August 19, 2014

(The Charlotte Observer)

Stock market gains and low interest rates for borrowers are leading to a flurry of mergers and acquisitions nationwide. Charlotte-based Chiquita Brands International and Matthews-based Family Dollar Stores both face competing bids from outside companies.

Wal-Mart has until 2019 to fill distribution center jobs

August 19, 2014

(The Times-News, Burlington)

Wal-Mart has until 2019 to hire 450 workers at a new, $85 million Alamance County distribution center in order to receive local incentives. An earlier agreement with local governments would have required the retailer to fill the jobs by 2018, but that was based on an incorrect project completion date. 

 

BofA veteran Darnell to become vice chairman

August 19, 2014

(The Charlotte Observer)

David Darnell will become vice chairman of Bank of America and will relocate from Charlotte to Tampa, Fla. Darnell, 61, first joined the bank in 1979. He has served as co-chief operating officer since 2011.

Passenger traffic declines at Wilmington airport

August 19, 2014

(StarNews, Wilmington)

Passenger numbers are falling at Wilmington International Airport, though flights are nearly full. Airport Director Jon Rosborough says airlines are replacing their fleets of regional jets but aren't increasing the number of departures.