Business

Wells Fargo cuts more mortgage workers in Charlotte region

April 21, 2014

(The Charlotte Observer)

Wells Fargo laid off 33 workers in Fort Mill, S.C. as part of 323 nationwide job cuts in its mortage division. The San Francisco-based bank, which has laid off hundreds of Charlotte-area mortgage workers during the past year, reported last week that refinance applications had fallen to 39% of its total mortgage applications, down from 65% a year ago.

State officials working to protect Carteret County marine lab

April 21, 2014

(The Daily News, Jacksonville)

Rep. Walter Jones is working to protect the National Oceanic and Atmospheric marine lab, which is slated for closure in 2015. The lab, which performs scientific research to support menhaden managed fisheries, supports about 100 jobs in the Beaufort area.

 

$10.5 million park to open at Raleigh's North Hills

April 21, 2014

(The News & Observer, Raleigh)

The $10.5 million Midtown Park at North Hills will open Saturday. The new 1-acre park with amphitheater can accomodate 12,000 people for outdoor concerts. Also, Kisco Senior Living will break ground Tuesday on a 225-unit retirement community at the mixed-use development that was once a traditional shopping mall.

Wrightsville Beach hotel celebrates 50 years in business

April 21, 2014

(StarNews, Wilmington)

Wrightsville Beach's Blockade Runner Beach Resort is celebrating its 50th anniversary. The family-owned business has withstood hurricanes, including Diana in 1984 which nearly destroyed the 150-room hotel, and other setbacks and has endured where other inns and hotels have come and gone.

BB&T posts first quarter profit of $501 million, will raise dividend

April 18, 2014

(Winston-Salem Journal)

BB&T reported a profit of $501 million for the first quarter and will raise its quarterly dividend a penny to 24 cents. CEO Kelly King cited strong insurance revenues and commercial loan growth for the profit increase.

Cambro to open plant in Mebane, create 100 jobs

April 18, 2014

(The News & Observer, Raleigh)

Cambro Manufacturing will invest more than $30.4 million in a plant in Mebane and will create 100 jobs over three years. The Huntington Beach, Calif.-based company makes containers and display items for the foodservice industry.

Raleigh tops Forbes list of Best Cities for Raising a Family

April 18, 2014

(Forbes)

Forbes named Raleigh the No. 1 best city to raise a family, citing its quality schools, low crime and high percentage of residents who own homes. Other criteria included median household income, Cost of Living Index and the affordability of housing.

La-Z-Boy to cut 100 jobs in Caldwell, Wilkes counties

April 18, 2014

(Winston-Salem Journal)

Monroe, Mich.-based La-Z-Boy will cut 100 jobs in North Carolina. The Monroe, Mich.-based company will close two warehouses in North Wilkesboro and a wooden-furniture plant in Caldwell County by year-end. It will sell off its youth furniture line to Lea Industries.

Duke has spent $15 million on ash cleanup

April 18, 2014

(The Charlotte Observer)

As of March 31, Duke Energy has spent $15 million to clean up the Feb. 2 coal-ash spill near the Dan River plant in Eden. The Charlotte-based company has said it will pay for all costs associated with the spill, but if it is required to close its 33 ash ponds across the state, costs for those projects will be passed along to customers.

Bowles named CFO of Movement Mortgage

April 18, 2014

(The Charlotte Observer) 

Laura Bowles has been named chief financial officer of Virginia Beach, Va.-based Movement Mortgage, the company founded by former Carolina Panther Casey Crawford. Bowles is the daughter-in-law of former UNC system president Erskine Bowles. About 250 of Movement Mortgage's 1,200 employees are in Charlotte.