Business

Raleigh startup WedPics raises $4.25M

December 8, 2014

(WRAL TechWire)

Raleigh-based WedPics raised $4.25 million in a round of new funding and plans to increase its staff by 25%, according to CEO Justin Miller. Launched in 2012, the startup provides a mobile app that allows wedding guests to share photos ("Going to the chapels," September 2013).

Strong start for choose-and-cut tree farms

December 8, 2014

(The Watauga Democrat)

Choose-and-cut Christmas tree farms in Watauga County are cautiously optimistic following a strong opening weekend. Most tree farms in the area are reporting above-average sales for the season.

Duke Energy CEO to appear on '60 Minutes' Sunday

December 5, 2014

(The Charlotte Observer)

Sunday's episode of the CBS news magazine 60 Minutes will include an interview with Lynn Good in which the Duke Energy CEO talks about how the utility is dealing with coal-ash disposal. The interview, which will air at 7 p.m., was taped in September.
Related:
Contaminated seeps found near Duke Energy plant

Duke may find shortage of contractors to move coal ash

Hanesbrands adding 75 jobs at Mount Airy sock plant

December 5, 2014

(Winston-Salem Journal)

Hanesbrands will invest $500,000 and add 75 jobs at its Mount Airy sock manufacturing plant, where the Winston-Salem-based apparel-maker currently employs 230. The town will provide $67,500 in incentives, including job skills training. A company spokesman said the incentives "helped solidify the decision" to expand local production.

Charlotte seeks to increase uptown retail

December 5, 2014

(The Charlotte Observer)

With the number of residents living in uptown Charlotte approaching 25,000, a local economic-development group is looking for new ways to attract more retail to the area. One idea proposed by Charlotte Center City Partners' director of retail Christopher Hemans is to require new buildings to include first-floor retail.

Craven County approves incentives for Moen warehouse

December 5, 2014

(Sun Journal, New Bern)

Moen will break ground on a new 203,000-square-foot component warehouse at Craven County Industrial Park in the first quarter of 2015. County commissioners unanimously approved $650,000 in incentives for the project, which is expected to be operational by fall 2015. The Ohio-based faucet-maker employs 700 at a local manufacturing plant.

Southern Pines' K2 Solutions could lay off 70 workers

December 5, 2014

(The Pilot, Southern Pines)

K2 Solutions, which trains dogs for military operations, could lay off as many as 70 of its 170 employees next month as military contracts that began in 2009 are expiring. Most of the layoffs will be at the company's Richmond County training center. The Southern Pines-based company's founder says the government is investing more in developing technological replacements for canines in the military.

Dollar General still committed to buying Family Dollar

December 5, 2014

(The Charlotte Observer)

Dollar General reaffirmed on Thursday its commitment to acquire Matthews-based Family Dollar Stores. The Goodlettsville, Tenn.-based retailer reported third-quarter net income of $236.3 million, below analysts' projections. Family Dollar shareholders are scheduled to vote Dec. 23 on a pending acquisition by Chesapeake, Va.-based Dollar Tree.

No layoffs in Fayetteville call-center consolidation

December 5, 2014

(The Fayetteville Observer)

A spokeswoman for Sykes Enterprises says the consolidation of two Fayetteville call centers will not result in layoffs. In a letter to the state Department of Commerce, the company had said the consolidation could lead to 226 layoffs, but all employees at the location that is scheduled to close by Dec. 11 were offered jobs at the company's new office. 

Self-Help Credit Union opens first Triangle branch

December 5, 2014

(The News & Observer, Raleigh)

Self-Help Credit Union celebrated the grand opening of its first full-service branch in its hometown of Durham. The nonprofit community lender operates 20 branches across North Carolina.