Business

Cape Lookout tourism generated $20 million in 2012

March 19, 2014

(The Daily News, Jacksonville)

Visitors to Cape Lookout National Seashore spent more than $20 million at local restaurants and on vacation rentals and other services in 2012. A National Park Service report showed that more than 480,000 people visited the park, supporting 297 local jobs.

Morrisville drug developer looks to raise $52 million in stock offering

March 19, 2014

(The News & Observer, Raleigh)

Morrisville's Oxygen Biotherapeutics announced it expects to earn $52 million in a public stock offering that is expected to close by Friday. The drug developer will use the proceeds for clinical trials for a treatment for traumatic brain injuries and a drug for heart-surgery patients.  

Two Charlotte groups submit pitches for new brewery

March 19, 2014

(The Charlotte Observer)

Both the Charlotte Chamber and the Charlotte Regional Partnership submitted proposals for Escondido, Calif.-based Stone Brewing Co. to build a new East Coast brewery that would create an estimated 370 jobs. Other N.C. cities reported to be pursuing the brewery are Asheville, Greensboro and Wilmington.

Verizon hiring 160 at Wilmington call center

March 19, 2014

(StarNews, Wilmington)

Verizon Wireless will hire 160 at its call center in Wilmington due to increased customer-service demand. The telecommunications-service provider employs 850 at the call center, which opened in 2004.

Three NC chefs named James Beard finalists

March 19, 2014

(The News & Observer, Raleigh)

Three chefs from North Carolina are finalists for the James Beard Foundation awards, including Katie Button of Asheville's Curate, Ashley Christensen of Poole's Diner and other Raleigh restaurants, and Vivian Howard of Kinston's Chef and the Farmer, who is nominated for her PBS television series "A Chef's Life." (Read more about Ashley Christensen's growing restaurant empire in our March issue)

Pay for Wells Fargo CEO stays the same in 2013

March 19, 2014

(The Charlotte Observer)

San Francisco-based Wells Fargo CEO John Stumpf earned $19.3 million in 2013, the same as the year before. Stumpf's salary was still higher than that of Charlotte-based Bank of America CEO Brian Moynihan, who earned $14 million in 2013.

Three NC towns in magazine's Greatest Southern Town contest

March 19, 2014

(StarNews, Wilmington)

Wilmington, Chapel Hill and Asheville are competing in the first round of Garden & Gun magazine's "Greatest Southern Towns Bracket." Readers can cast votes online; half of the initial field of 32 towns will move on to the next round on Monday.

NC jobless rate falls to lowest point in five years

March 18, 2014

(The News & Observer, Raleigh)

The state unemployment rate dropped to 6.7% in January, its lowest level in more than five years and slightly above than the national rate of 6.6%. However, an employer survey reveals that the state lost 7,200 jobs in January.

Most valuable brands list includes 13 from NC

March 18, 2014

(The Charlotte Observer)

Brand Finance's list of the 500 most valuable U.S. brands features 13 from North Carolina. The brand consultancy's list includes Bank of America, BB&T, Duke Energy, Family Dollar, Lowe's and Nucor. Apple took the top spot on the list at $104.7 billion.

Durham's Square 1 Bank planning $119 million stock offering

March 18, 2014

(The News & Observer, Raleigh)

In a filing with the Securities and Exchange Commission on Friday, Durham-based Square 1 Bank said it expects to sell 3.1 million shares of its stock in an initial public offering.  Additionally, a group of its shareholders will sell 2.8 million shares.