Business
Charlotte Bobcats expected to announce name change
May 21, 2013
(The Charlotte Observer)
The Charlotte Bobcats are expected to announce Tuesday that they will request the NBA allow it to change the franchise's name to the Hornets, the team's name before it moved to New Orleans.
Pledges for Greensboro performing arts center line up
May 21, 2013
(News & Record, Greensboro)
The Phillips Foundation promised $3.5 million toward a planned Greensboro performing arts center, less than a week after tobacco maker Lorillard announced it would pledge $1 million. The $60.5 million project needs $20 million in private donations.
Duke's rate hike will stay in place as review continues
May 21, 2013
(The Charlotte Observer)
The N.C. Utilities Commission will allow Duke Energy to keep its 2012 rate hike in place as it reviews if the increase was properly permitted. The state Supreme Court ordered the review.
Senate budget preserves High Point Market money
May 21, 2013
(News & Record, Greensboro)
The state Senate's proposed budget maintains about $1.7 million in funding for the twice yearly High Point Market furniture trade show. Gov. Pat McCrory initially proposed slashing its budget before backtracking.
Transfer of Asheville water system on hold
May 21, 2013
(Asheville Citizen-Times)
A judge extended a temporary restraining order halting the transfer of Asheville's water system to a regional authority until a permanent solution is decided.
Downtown Durham picks new leader
May 21, 2013
(The Herald-Sun, Durham)
Downtown Durham Inc. named Geoffrey Durham its new president and CEO. He replaces Bill Kalkhof, who retired last month after 20 years leading the booster group.
Large development planned for Cramerton
May 21, 2013
(The Gaston Gazette)
A mixed-use development in Cramerton that is expected to include houses, condos, apartments, office and commercial space is expected to break ground this summer after more than two years of planning. The community will center around green and sustainable living.
Swisher Hygiene faces Nasdaq delisting
May 21, 2013
(The Charlotte Observer)
Charlotte-based Swisher Hygiene is behind in filing its quarterly financial statements and is risking being delisted by the Nasdaq and Toronto Stock Exchange.
BCBS losing influence in legislature
May 20, 2013
(The News & Observer, Raleigh)
Blue Cross Blue Shield of North Carolina has apparently lost some clout in the General Assembly this year, with several bills, such as one that requires the health insurer to cover more services for autistic people, passing despite the company's lobbying.
Wilmington struggles with shortage of construction workers
May 20, 2013
(StarNews, Wilmington)
WIlmington and other communities in the state are struggling to find enough skilled construction workers despite the economy, making it particularly tough for smaller residential builders. The shortage is largely attributed to retirements, geographic shifts of workers and less immigration.
