Business

FCC expected to hear Wilson's broadband case today

February 26, 2015

(WRAL TechWire)

The Federal Communications Commission may decide today on the City of Wilson's petition for the federal agency to override state laws that limit municipal broadband networks. Wilson built its own Greenlight fiber network in 2009 and wants to extend the network beyond the city limits and into neighboring counties.

Emeril Lagasse closing Charlotte restaurant

February 26, 2015

(The Charlotte Observer)

E2 Emeril's Eatery in downtown Charlotte will close April 26 due to slow business. "The restaurant was never able to achieve the volume projected when we came to Charlotte," E2 tweeted. Celebrity chef Emeril Lagasse opened the restaurant in 2012.

Lenovo's website hacked following adware controversy

February 26, 2015

(WRAL TechWire)

A hacker group called Lizard Squad said they are responsible for hacking Lenovo's website Wednesday evening. The Beijing-based computer-maker, which has its North American headquarters in Morrisville, came under fire last week when it was discovered that it had pre-installed malicious adware on some of its laptop computers.

Asheville restaurant workers look to improve work environment

February 26, 2015

(Mountain Xpress, Asheville)

Restaurant workers in Asheville want to improve working conditions in the area's booming hospitality industry. A group of workers voiced concern about having no sick days, being expected to work off the clock and being required to share tips illegally.

MetLife to pay $123.5M in mortgage settlement

February 26, 2015

(The News & Observer, Raleigh)

MetLife will pay $123.5 million to settle a federal investigation into its mortgage-lending practices. The Justice Department said the company issued hundreds of loans between January 2009 and August 2010 that it knew didn't meet federal requirements, leaving the Federal Housing Authority stuck with the bill when customers defaulted on the loans. MetLife employs about 2,600 in North Carolina.

VF announces location of jeanswear innovation center

February 26, 2015

(Winston-Salem Journal)

VF Corp. said it will open its previously announced jeanswear innovation center at Greensboro's Gateway University Research Park. The Greensboro-based apparel company plans to hire 30 scientists, technical designers and other employees at the center by the end of 2016. N.C. A&T State University and UNC Greensboro are partners in the project.

775K NC residents impacted by Anthem data breach

February 25, 2015

(The News & Observer, Raleigh)

More than 775,000 North Carolina health-insurance customers are among nearly 80 million people affected by the massive Anthem data breach. The world's second-largest insurer said it will offer affected customers free 2-year credit protection and identity-theft insurance. Blue Cross and Blue Shield of North Carolina said more than 180,000 of its former and current customers who used out-of-state health-care services were affected – Anthem processed those claims on behalf of Blue Cross.

$1.2 billion spent on revitalization of downtown Winston-Salem

February 25, 2015

(Winston-Salem Journal)

Since 2000, a total of 88 projects with a combined investment value of $1.2 billion have been completed or are underway in downtown Winston-Salem. Health and technology projects, including the $106 million Wake Forest BioTech Place at Innovation Quarter, represent $445.4 million of the total.

German manufacturer bringing 138 jobs to Mills River

February 25, 2015

(Asheville Citizen-Times)

German manufacturer Raumedic will build its first U.S. plant in Henderson County, creating 138 jobs and investing $26.3 million over five years. The company makes polymer components such as tubing and catheters for the medical and pharmaceutical industries. The new jobs will pay an average annual salary of more than $55,000.

Hanesbrands to acquire SC collegiate-apparel company

February 25, 2015

(Winston-Salem Journal)

Hanesbrands plans to buy Spartanburg, S.C.-based Knights Apparel for $200 million. The company sells T-shirts and other apparel with college sports logos. Its clients include about 400 U.S. colleges and universities, and fiscal 2015 sales are projected to be about $180 million. The deal is expected to close in the second quarter.