Business
Wilmington bank opens new headquarters
May 1, 2013
(StarNews, Wilmington)
WIlmington-based Live Oak Bank opened its new 36,000-square-foot headquarters, a space that features spacious windows and scenic views. The bank is one of the largest lenders of Small Business Administration loans in the country.
Lawmaker tries to revive bill to kill renewable energy standard
May 1, 2013
(The News & Observer, Raleigh)
State Rep. Mike Hager, chairman of the House Committee on Public Utilities and Energy, said he plans to reintroduce his bill that would eliminate standards for how much renewable-energy sources utilities must purchase despite it being voted down already.
Southern Pines project aims to create 'epicenter'
May 1, 2013
(The Fayetteville Observer)
A mixed-used development in Southern Pines would include 260,000 square feet of commercial and retail space as well as apartments, and its developers tout the concept as an "epicenter of commerce" for the town, Pinehurst and Aberdeen.
Flat Rock purchasing golf course for $1.2M
May 1, 2013
(The Times-News, Hendersonville)
Flat Rock will buy Highland Lake Golf Course for nearly $1.2 million from Course Doctors Inc. and plans to convert the property into a park that will include a playground and walking trails.
Charlotte home prices rise 6.2% in February
May 1, 2013
(The Charlotte Observer)
Charlotte home prices rose 6.2% in February compared to the year before, though that was less than the 9.3% average gain among the 20 cities tracked by the Standard & Poor’s/Case-Shiller home price index.
Wilmington's new VA clinic opens
May 1, 2013
(StarNews, WIlmington)
Wilmington's 85,000-square-foot VA clinic has opened, cutting the distance that veterans must travel for treatment. Previously the closest VA clinic to the city was in Fayetteville.
Charlotte airport director says he supports authority
April 30, 2013
(The Charlotte Observer)
Longtime Charlotte airport director Jerry Orr broke months of silence Monday, saying he supports an independent airport authority -- a move that caused some Charlotte politicians to call for his dismissal. A bill in the state legislature would take the airport from city control.
Dex One, Supermedia close to completion after judge's approval
April 30, 2013
(The News & Observer, Raleigh)
A federal judge approved plans for a merger between Cary-based Dex One and Dallas-based Supermedia in a move that will also allow both companies to emerge from pre-packaged bankruptcy. The merger is expected to be completed this week.
Chimerix reports positive results for experimental drug
April 30, 2013
(The News & Observer, Raleigh)
Durham drug developer Chimerix, which went public this month, said its experimental antiviral drug had positive results for most human patients, and a third round of clinical trials will begin in several months.
Former Southern Community leaders sue bank's purchaser
April 30, 2013
(Winston-Salem Journal)
Two former Southern Community Banking Corp. executives are suing Capitol Bank Financial Corp, which purchased the bank last year, for breach of contract after they were fired and not given $4 million in payments they say they were due. They also accused the two banks of colluding during negotiations.
