Business

LendingTree topples 29% after raising growth estimates

January 14, 2016

Shares of Charlotte online lender LendingTree tumbled 29% Wednesday on another bad day for stocks. The decline came despite comments from the company that it expects to report annual revenue growth of 51% and operating gains of about 80% when it releases earnings later this month.

Parker Poe law firm opens Atlanta office

January 14, 2016

(The Charlotte Observer)

Charlotte-based Parker Poe Adams & Bernstein has opened an Atlanta office, its sixth location and the first outside of the Carolinas. Several attorneys previously with McGuireWoods LLP have joined the firm, including Robert Florence, whose background is in the pharmaceutical industry.

Red Ventures invests in NY education site

January 14, 2016

(The Charlotte Observer)

Red Ventures invested $4 million in New York-based CourseHourse, a site that helps adults enroll in educational programs from informal cooking classes to university courses. The Indian Land, S.C.-based marketing firm, which announced in December plans to add 500 jobs in Charlotte, has made several investments in educational providers over the last year.

MetLife plans to spin off life insurance business

January 13, 2016

(The Charlotte Observer)

Insurer MetLife says it is considering a spinoff, sale or initial public offering of its life insurance business and the new company would be based in Charlotte, where the New York-based company employs more than 1,500. A company spokesman said the changes would have no impact on its Cary Global Technology Campus, which employs more than 1,000 people.

Panthers playoff game could have $5M impact on Queen City

January 13, 2016

(The Charlotte Observer)

If you're planning to attend this weekend's divisional playoff game between the Carolina Panthers and the Seattle Seahawks, it won't be cheap. The average ticket price was $465.65 on Tuesday. Fans traveling from Seattle weren't able to book hotels and flights in advance, which is typically less expensive, since the matchup wasn't set until Sunday when the Seahawks beat Minnesota 10-9.

Lenovo gains market share amid shrinking PC sales

January 13, 2016

(WRAL TechWire)

While global sales of PCs continue to decline, there was one bright spot for Lenovo, which has its North American headquarters in Morrisville. In the fourth quarter, the company slightly increased its global market share, and its PC sales in the U.S. were up 21%. 

Elon Law opens incubator in downtown Greensboro

January 13, 2016

(News & Record, Greensboro)

Four recent graduates of Elon University School of Law have committed to work for 18 months at a new incubator that will offer free or discounted legal services to low-income clients. The attorneys will also have their own solo practices as part of the new venture.

Investment startup could be just what the doctor ordered

January 13, 2016

N.C. Budget Director Lee Roberts left state government last week to join a startup asset management company called SharpVue Capital, whose parent company is Medical Mutual Insurance, the Raleigh-based company that sells medical malpractice insurance to more than 10,000 physicians in 27 states.

Asheville airport adds seasonal service to DC area

January 13, 2016

(Asheville Citizen-Times)

Allegiant Air will begin offering twice weekly flights from Asheville Regional Airport to Baltimore/Washington International, with one-way fares starting at $39. The seasonal flights will operate May 19 through Aug. 16. The airport set a record for passenger traffic last year, with more than 400,000 people boarding flights.

Feds close investigation into Carolinas HealthCare System

January 13, 2016

(The Charlotte Observer)

The U.S. Department of Labor took no action in a long-running case against the Charlotte-based health care system, though it could revisit the case in the future. The investigation centered on MedCost, a for-profit health benefits company owned by CHS. A whistleblower asked the Labor Department to determine whether ownership of the company represented a conflict of interest.