Business

Raleigh's inaugural Rock 'n' Roll Marathon had $8 million impact

July 8, 2014

(The News & Observer, Raleigh)

The economic impact of Raleigh's Rock 'n' Roll Marathon in April was $8.13 million, according to a study commissioned by event organizers. The report, which was based on survey responses from 4,400 runners, shows visitors from outside of Raleigh spent $1.02 million on hotels and $3.62 million on food, entertainment and shopping.

Walden report predicts jobs, economic growth in 2014

July 8, 2014

(The News & Observer, Raleigh)

In his bi-annual report on the state's economy, N.C. State economist Michael Walden says North Carolina will experience economic and jobs growth during the second half of the year, but the disparity between cities and rural areas will continue. 

Patrick Cannon's parking business suffers after arrest

July 9, 2014

(The Charlotte Observer)

The parking business co-founded by former Charlotte Mayor Patrick Cannon has lost contracts at about a third of the lots it managed in uptown Charlotte. E-Z Parking managed about 25,000 spaces there last fall; that number is down to about 15,000.

Herbalife plant readies for production

July 9, 2014

(Winston-Salem Journal)

Herbalife will hold a job fair at its Winston-Salem plant as the vitamin-maker prepares to begin production. A company spokesman says it has already hired more than 290 of 493 employees the company committed to hire by the end of 2015 at the $130 million plant.

AAIPharma names Kutzer CEO

July 8, 2014

(Greater Wilmington Business Journal)

Stephan Kutzer was named CEO of Wilmington-based AAIPharma Services Corp. and Wisconsin-based Cambridge Major Laboratories, which merged with AAIPharma in October. He comes from Lonza Inc., a Swiss biotech company, where he was chief operating officer.

Publix to open Winston-Salem store by end of 2015

July 9, 2014

(Winston-Salem Journal)

Publix Super Markets plans to open a grocery store in Winston-Salem by the end of 2015, according to a company spokeswoman. The Lakeland, Fla.-based grocery store chain currently has two stores in North Carolina, both in the Charlotte area.

Dunkin' Donuts opening five Greensboro shops

July 9, 2014

(News & Record, Greensboro)

Dunkin' Donuts will open five stores in Greensboro as part of the Canton, Mass.-based company's plan to double its number of U.S. stores. The doughnut-maker has more than 300 restaurants in North Carolina.

Yadkin completes merger with VantageSouth

July 8, 2014

(Winston-Salem Journal)

Elkin-based Yadkin Financial Corp. completed its acquisition of Raleigh-based VantageSouth Bancshares, creating the fourth largest bank headquartered in North Carolina. The combined bank, which will be based in Raleigh, will have assets of $4 billion and 74 branches in the Carolinas.

Unnamed company could bring 200 jobs to Wilmington

July 8, 2014

(StarNews, Wilmington)

Wilmington Mayor Bill Saffo said an unnamed company that could invest millions of dollars and hire more than 200 workers is considering the Port City for a new office. Saffo said the city is vying with other communities for the jobs, which he described as office-support positions.

German yarn-maker to open Mount Airy distribution center

July 8, 2014

(Winston-Salem Journal)

Südwolle Group will open an 18,000-square-foot distribution center in Mount Airy. The Nuremberg, Germany-based company makes wool yarns, including those for legwear and outdoor apparel. The company did not say how many jobs it will create, but will release more details later this month.