Business

Wilmington has fresh shot at landing film project

August 10, 2015

(The Wilmington Star-News)

Wilmington may attract a film project because of the cancellation of another production, which would have drained the state's incentive pool.

New Cisco CEO discusses strategy

August 10, 2015

(The News and Observer)

Rocky Mountain native Chuck Robbins describes Cisco's plans to speed change at the computer networking giant.

Chinese asset manager financing Charlotte skyscraper

August 10, 2015

(The Charlotte Observer)

A Chinese asset management company is helping finance downtown Charlotte's newest office tower, which is being developed by Portman Holdings.

 

Chapel Hill radio station sold

August 10, 2015

(Chapelboro.com)

Colorado investor buys Chapel Hill radio station, which had been owned by various Triangle businessmen over the years, including Don Curtis and Jim Heavner

Burlington attracts first solar farm

August 10, 2015

(The Burlington Times-News)

Suntuity and Elon University team up on the first solar farm based in Alamance County, with plans to sell the power to Duke Energy Corp.

Charlotte real-estate investment company delays IPO

August 10, 2015

(The Charlotte Observer)

Real estate investment firm RiverBanc Mulitfamily Investors of Charlotte is delaying its initial public offering.


Read more here: http://www.charlotteobserver.com/news/business/article30407109.html#storylink=cpy

Sports marketer IMG buys events company

August 10, 2015

(The Winston-Salem Journal)

IMG College, which helps market athletic programs at dozens of universities, bought a company that specializes in hosting game-day events.

 

CPI Security expanding in Charlotte, adding 300 workers

August 7, 2015

(The Charlotte Observer)

CPI Security Systems will break ground Friday on a 120,000-square-foot facility adjacent to its headquarters in Charlotte. The company plans to add 300 jobs to its 540 in Charlotte over the next two years.

Blue Cross requests 34.6% rate hike for ACA customers

August 7, 2015

(The News & Observer, Raleigh)

The state's largest health insurer is requesting a 34.6% average rate hike for its ACA customers, up from the 25.7% increase it requested in June. Blue Cross and Blue Shield of North Carolina says the Affordable Care Act is to blame for cost increases. The rate request does not apply to policyholders covered under employer and state plans.

Raleigh developer Kane tweaks tower proposal

August 7, 2015

(The News & Observer, Raleigh)

Kane Realty revised plans for a proposed $150 million mixed-use project in downtown Raleigh's warehouse district. The new plans call for a 17-story tower along with a smaller nine-story building and would prohibit bars – defined by the city as businesses that earn 70% of profits from alcohol sales.