Business
Race move would hurt Cabarrus economy
May 24, 2013
(The Charlotte Observer)
If Bruton Smith moves a fall NASCAR race from Charlotte Motor Speedway as he has threatened, it would have a ripple effect on Cabarrus County's economy, particularly the hospitality industry as fewer visitors stay nearby.
Wilmington population continues to grow
May 24, 2013
(Greater Wilmington Business Journal)
Wilmington's population grew by 3.2% to 109,922 from 2010 to 2012, helping it remain the state's eighth-largest city, according to the most recent U.S. Census data.
NewDominion Bank completes $10M capital raise
May 24, 2013
(The Charlotte Observer)
Charlotte-based NewDominion Bank finished raising $10 million as part of an effort to help it shore up its balance sheet. The company has been operating under a regulatory consent order.
UNCW hires new entrepreneurship center director
May 24, 2013
(Greater Wilmington Business Journal)
University of North Carolina Wilmington named Jim Roberts director of the Center for Innovation and Entrepreneurship. The position has been vacant for about a year.
Charlotte foreclosure rate drops
May 24, 2013
(The Charlotte Observer)
Charlotte's foreclosure rate fell to 2.6% in March, an improvement from 3.4% the same month a year ago, according to CoreLogic. That rate is better than the national rate of 2.8% but worse than North Carolina's, which was about 2%.
Lowe's CEO: Company will give employees more hours, increase inventory
May 23, 2013
(The Charlotte Observer)
Robert Niblock, CEO of Mooresville-based Lowe's, said the home-improvement store chain will add more employee hours and increase inventory of high-selling items after cutting back too much during the recession. The retailer reported lower sales during the first quarter even though its profit rose.
MedWest health system weighs its future
May 23, 2013
(Smoky Mountain Times)
MedWest health system, a collection of three hospitals in Haywood, Jackson and Swain counties, is exploring a possible sale to a larger health system as it seeks a cash infusion to shore up its struggling balance sheet.
RTP office park up for auction
May 23, 2013
(The News & Observer, Raleigh)
GE Asset Management will auction off its 70-acre office park within Research Triangle Park next month. It originally paid $65 million for the site, which is now only 10% leased, but is considered key in redevelopment efforts for RTP.
Wilmington tourism officials predict strong holiday weekend
May 23, 2013
(StarNews, Wilmington)
A stabilizing economy and a good weather forecast have Wilmington tourism officials optimistic about the Memorial Day weekend, with a number of hotels already fully booked.
JPMorgan Chase grows Charlotte presence
May 23, 2013
(The Charlotte Observer)
New York-based banking giant JPMorgan Chase has grown its presence in Charlotte during the past year, though it's still small -- just 14 bankers. The Charlotte office is catering to companies that make $20 million to $500 million in annual revenue.
