Business
21,000 in North Carolina to get checks for improper foreclosures
June 5, 2013
(The Charlotte Observer)
About 21,000 North Carolinians are slated to get checks worth a total of $30.6 million for improper foreclosures as part of last year's sweeping settlement between the nation's big banks and state and federal officials.
Economic development partnerships ask for one-year reprieve
June 4, 2013
(The Daily Advance, Elizabeth City)
The state's economic development partnerships, which are facing losing all their state funding, are asking lawmakers to give them a one-year reprieve as they work out the wrinkles of a planned overhaul of the Department of Commerce.
Developers compete with visions for failed Charlotte mall
June 4, 2013
(The Charlotte Observer)
Developers have offered different visions for the failed Eastland Mall property in Charlotte, with one requesting to build movie studios and another an entertainment complex that would include a ski slope, skating rink and skating park. The city of Charlotte bought the property last year.
Analytics company to open Wake County office, hire 400
June 4, 2013
(The News & Observer, Raleigh)
Research and analytics firm Evalueserve will open an office in Wake County, creating 400 jobs within four years that will pay an average wage of $59,629, higher than Wake County's average of $48,042.
Carolina Beach renourishment efforts face crucial deadline
June 4, 2013
(StarNews, Wilmington)
A 50-year agreement between Carolina Beach and the federal government for beach renourishment expires in 2014, and local officials are treading on new ground as they seek a renewal. State and federal money are crucial to improving the beach strand when it suffers from storm erosion.
Cliffside plant behind Duke Energy rate hike request
June 4, 2013
(The Charlotte Observer)
As Duke Energy requests a 9.7% rate hike for its customers -- its third increase since 2009 -- a $2.2 billion addition at its Cliffside power plant is one of the driving forces behind the appeal. About $863 million of the improvements are cited in the rate request.
N.C. home buyers put down average 14.6%
June 4, 2013
(Winston-Salem Journal)
North Carolina's home buyers put down an average downpayment of 14.6% of their purchase -- or $29,772 toward the average home purchase of $203,920 in the state, according to Charlotte-based LendingTree.
Durham money manager sold to European company
June 4, 2013
(The News & Observer, Raleigh)
Paris-based asset-management firm Amundi group acquired Durham-based money manager Smith Breeden Associates for an undisclosed amount. It will become a subsidiary, but its top leadership and other workers will remain in place.
Charlotte firm buys Charleston developer
June 4, 2013
(The Charlotte Observer)
Charlotte-based investment and management firm South Street Partners acquired Charleston-based developer Kiawah Partners, which developed the 10,000-acre Kiawah Island resort property. The deal excludes the Kiawah Island Golf Club and a premier resort hotel on the property.
Belk profit falls as sales improve
June 4, 2013
(The Charlotte Observer)
Charlotte-based department-store chain Belk reported sales rose 5.1% in the most recent quarter compared to the year before, but profit dipped 30% to $28.2 million as store renovations and an e-commerce initiative ate up cash.
