Business

Charlotte's BofA makes list of top corporate blunders

April 8, 2015

(The Charlotte Observer)

CNBC included Bank of America's ill-advised 2011 plan to charge debit card customers a $5 monthly fee on its list of corporate blunders that could have been avoided. Other companies on the list include Coca-Cola, for changing its original soft-drink formula in 1985, and Toys 'R' Us, for selling collectible figures based on characters from the AMC TV series Breaking Bad, complete with detachable sacks of cash and bags of meth.

Lenovo names new president of North American operations

April 8, 2015

(The News & Observer, Raleigh)

Lenovo named Aymar de Lencquesaing, who was president of the computer maker's European, Middle East and Africa operations since last year, president of its North American division. He succeeds Jay Parker, who was promoted last month to senior vice president of the Beijing-based company's enterprise business.

Bojangles' plans to go public

April 7, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' filed paperwork Monday for an initial public stock offering. Founded in Charlotte in 1977, the fast-food chain operates 622 stores in 10 states and the District of Columbia, though about two-thirds are in the Carolinas. The SEC filing said the number of shares to be offered and the price range have not been determined.

Targacept deal could be in jeopardy

April 7, 2015

(Winston-Salem Journal)

A San Francisco-based drug developer's plan to acquire Targacept may be in jeopardy as a result of the termination of a licensing deal that could impact its financial position. Winston-Salem-based Targacept announced last month it would be acquired by Catalyst Biosciences in a reverse merger.

Another Durham startup wins Google Demo Day

April 7, 2015

(The Herald Sun, Durham)

Mati Energy, a startup based at Durham's American Underground that makes herb-infused caffeinated teas, won the top prize at the invitation-only Google Demo Day in Mountain View, Calif. Marketing-software company Windsor Circle won last year's competition.

Herbalife distributors questioned by authorities

April 7, 2015

(Winston-Salem Journal)

Federal law-enforcement officials have contacted 10 leading Herbalife distributors to inquire about their business practices, according to a CNBC report. Hedge-fund manager Bill Ackman has accused the company, which cut the ribbon on its Winston-Salem production plant in January (Statewide, March), of operating a pyramid scheme, and multiple federal investigations regarding its business practices are ongoing.

Charlotte business park sells for $33M

April 7, 2015

(The Charlotte Observer)

Shopton Ridge Business Park in southwest Charlotte has sold for more than $33 million. Aventura, Fla.-based Adler Kawa Real Estate Advisors bought the 422,400-square-foot park, which includes four industrial buildings, from Trinity Capital Advisors.

Demand for credit unions growing

April 6, 2015

(The Charlotte Observer)

Consumer dissatisfaction with big banks is fueling rapid growth in the credit union industry, according to UNC Charlotte finance professor Tony Plath. Plath also said it's "only a matter of time" before credit unions persuade Congress to allow them to increase small-business lending, which now is capped at 12.25% of a credit union's total assets.

MetLife reaches hiring goal in Charlotte

April 6, 2015

(The Charlotte Observer)

New York-based MetLife said last week it has met its goal of creating more than 1,300 jobs at its retail headquarters Charlotte. In 2013, the insurance company said it would create 2,600 jobs in North Carolina, including 1,300 at a global technology center in Cary, and was awarded up to $87.2 million in state grants.

Report: Business-jet sales could propel HondaJet

April 6, 2015

(News & Record, Greensboro)

A new report shows the business-jet market is expect to grow by more than 6.8% by 2019, and Greensboro-based Honda Aircraft is poised to become a key player. The company said in March it is close to receiving final FAA certification for its HondaJet light aircraft, which is being manufactured at Piedmont Triad International Airport.