Business

Duke University to construct $100M building for engineering program

April 30, 2015

(The News & Observer, Raleigh)

Duke University plans to build a $100 million building that will contain labs and classrooms for its engineering and physics programs. Construction on the 85,000-square-foot building is expected to begin in late 2016 with an expected completion date of 2018.

PTI among nation's most expensive airports

April 30, 2015

(News & Record, Greensboro)

Piedmont Triad International Airport ranked No. 14 among the most expensive airports in the U.S., with an average round-trip fare of $443.91. RDU ranked No. 56, while Charlotte came in at No. 22. The U.S. Department of Transportation released the statistics, included in a quarterly report that surveyed the nation's 100 largest airports.

Bojangles' IPO expected next week

April 30, 2015

(The Charlotte Observer)

Bojangles' is expected to make its stock-market debut next week, according to Renaissance Capital, an IPO-focused research and management firm. The Charlotte-based restaurant chain said this week it plans to sell 6.2 million shares priced between $15 and $17 each. The IPO could raise about $122 million.

Study ranks Wilmington a top place to start a business

April 30, 2015

(StarNews, Wilmington)

Wilmington ranked No. 2 among best places in the country to start a business, according to personal-finance website NerdWallet.com. The study looked at 183 metro areas with 15,000 or more businesses and populations greater than 250,000. Wilmington earned high marks for its growing population, strong tourism industry and high volume of businesses. Boulder, Colo., was the top-ranked city.

Improved economy leads to enrollment dip at community colleges

April 30, 2015

(Winston-Salem Journal)

After several years of strong growth, student enrollment in the N.C. Community College System is declining, due largely to an improving state economy. Forsyth Tech enrollment decreased 4% from 2012-13 to 2013-14, while the 58-campus system has experienced a 5.4% overall decrease in the number of students enrolled.

NC State professor says state's economy is slowing

April 29, 2015

(WRAL TechWire)

Recent economic data shows North Carolina's economic growth is slowing, according to N.C. State University economist Michael Walden. In his latest report, Walden said that his monthly index of economic indicators has dropped four out of the last six months. "It appears the surge in the Index in late 2014 may have been temporary," he wrote.

Report: SEC probing Bank of America trades

April 29, 2015

(The Charlotte Observer)

The Securities and Exchange Commission is investigating a group of complex trades to determine whether Bank of America broke client-protection rules in order to boost profits, according to a report in The Wall Street Journal.

Charlotte restaurant chain sold for $21M

April 29, 2015

(The Charlotte Observer)

Colorado-based Good Times Restaurants will acquire Bad Daddy's Burger Bar for $21 million, according to Bad Daddy's co-founder Frank Scibelli. Good Times already owns a 48% stake in the restaurant chain. Founded in 2007, Bad Daddy's has locations in four states, including four in Charlotte and two in the Triangle.

Asheville's BB&T building to become upscale hotel

April 29, 2015

(Asheville Citizen-Times)

McKibbon Hotel Group will convert Asheville's 17-story BB&T building into a high-end, boutique hotel with rates comparable to those of the Omni Grove Park Inn and the Grand Bohemian Hotel Asheville. Construction is scheduled to be complete in 2017. "It will absolutely be the nicest hotel in the city," according to John McKibbon, chairman of the Tampa, Fla.-based hotel group.

Durham's Validic raises $12.5M

April 29, 2015

(WRAL TechWire)

Durham-based Validic completed a $12.5 million financing led by Kaiser Permanente Ventures. The company, which provides a technology platform for health-monitoring devices and applications, plans to use the proceeds to increase hiring.