Business

Wilmington's Azalea Festival attacts 300,000 people

April 22, 2015

(Greater Wilmington Business Journal)

About 300,000 people attended this month's Azalea Festival in Wilmington. A 2011 study showed 160,000 people participated in the festival that year. Event officials estimate the festival's annual economic impact is at least $60,000.

Report: Volvo won't build plant in NC

April 21, 2015

(News & Record, Greensboro)

Volvo Cars has narrowed down the list of potential sites for its planned $500 million factory to South Carolina and one other state, according to Reuters on Friday. The Atlanta Journal-Constitution reports that second state is not North Carolina – it's Georgia.

Greensboro Partnership adds another Mississippi exec

April 21, 2015

(News & Record, Greensboro)

The Greensboro Partnership hired Virginia native David Ramsey, currently director of the Mississippi Development Authority's Global Business Division, as executive vice president. Ramsey, 34, and new CEO Brent Christensen have worked together for 13 years in Florida and Mississippi and will start work in Greensboro on June 1.

Pepsi distributor to open $12.5M plant in in Harrisburg

April 21, 2015

(The Independent Tribune, Concord)

Raleigh-based Pepsi Bottling Ventures will invest $12.5 million in a facility in Harrisburg that will employ about 176 people, though most workers will be relocated from existing plants in Midland, Statesville and Charlotte.

Wells Fargo Championship adds lot for Uber riders

April 21, 2015

(The Charlotte Observer)

For the first time, the Wells Fargo Championship will offer a designated lot for spectators using Uber, taxis and limos for travel to and from the golf tournament that is within walking distance of Quail Hollow Club's main entrance. A tournament spokesman said a reason was to attract young people to the tournament, which runs May 11 through May 17.
Related: "Cruise Control," February

Yancey County deploys gigabit Internet service

April 21, 2015

(Asheville Citizen-Times)

Yancey County deployed an ultra-fast Internet network in March, offering residents speeds of up to one gigabit per second. The project, which will expand into Mitchell County, was funded by an $18.6 million federal grant and a $6.6 million loan from the U.S. Department of Agriculture.

WSJ: Wells Fargo could buy GE loan unit

April 21, 2015

(The Charlotte Observer)

Wells Fargo is among potential buyers for part or all of GE Capital's $74 billion financial-services unit that provides loans to midsize businesses, according to a report in The Wall Street Journal. GE announced earlier this month is was selling most of its GE Capital Real Estate assets to Blackstone and the San Francisco-based bank.

PETA targets Food Lion for use of live animals in ads

April 21, 2015

(WRAL.com)

People for the Ethical Treatment of Animals wants Food Lion to put an end to its advertising campaign that uses a lion telling people how they can save money by shopping at the grocery chain. A Food Lion spokeswoman says the company takes steps to ensure the safety and well-being of the lion during filming.

Raleigh medical-device company raises $5.6M

April 21, 2015

(The News & Observer, Raleigh)

Contego Medical raised $5.6 million in a funding led by Durham-based Hatteras Venture Partners. The Raleigh-based company plans to use the funds to develop new products and expand its workforce.

Republic Wireless to introduce new pricing plan

April 21, 2015

(The News & Observer, Raleigh)

Cary-based Republic Wireless, which offers a low-cost hybrid phone service that uses both Wi-Fi and cellular networks, is developing a new pricing plan that would refund money each month to consumers for unused cellular data.
Related: "Calling Ahead," September 2013