Business
Yadkin Valley reports higher net income
April 26, 2013
(Winston-Salem Journal)
Elkin-based Yadkin Valley Financial reported that first-quarter net income rose 58% to $4.2 million compared to the year before after it took a large fourth-quarter hit to shore up its loan-loss reserves. The company also announced it will change its name next month to Yadkin Financial and unify several bank brand names.
Apartments planned for artsy Charlotte neighborhood
April 26, 2013
(The Charlotte Observer)
Developers are planning four residential projects in Charlotte's NoDa arts district that are expected to add 600 apartments units in the next few years.
Acquisition boosts Park Sterling earnings
April 26, 2013
(The Charlotte Observer)
Charlotte-based bank Park Sterling reported a record first-quarter profit of $3.2 million as it was helped by its acquisition of Gastonia-based Citizens South Banking Corp.
Renewable energy law to stay in place
April 25, 2013
(The Charlotte Observer)
An effort to repeal a landmark law that created standards for the amount of renewable energy that utilities must produce failed after a state House committee voted against the proposal.
Bill to make hospital bills more clear passes Senate panel
April 25, 2013
(The News & Observer, Raleigh)
A state Senate committee passed a bill that would make hospital bill easier to understand and prohibit wage garnishment or lien-holding against a home if bills are unpaid.
Durham drug developer moving headquarters to California
April 25, 2013
(The News & Observer, Raleigh)
Durham-based drug developer Tranzyme Pharma will merge with privately held Ocera Therapeutic in an all-stock deal and move its headquarters to San Diego. Its 29 Triangle employees are expected to be uneffected.
Lake Junaluska conference center plans $40M revamp
April 25, 2013
(Smoky Mountain News)
Lake Junaluska Conference and Retreat Center is planning a $40 million, 10-year master plan in hopes of attracting more visitors. The final phase would include a new civic center on the lake.
MetLife's Charlotte jobs will pay far less than Cary ones
April 25, 2013
(The Charlotte Observer)
Jobs at insurance giant MetLife's planned retail hub in Charlotte will pay about $58,000 on average, much less than the $112,000 average jobs at its planned Cary technology and operations hub will pay.
Fayetteville to begin work on transit hub
April 25, 2013
(The Fayetteville Observer)
Fayetteville is expected to start work on a $10 million downtown transit hub this fall with hopes of opening it in 2015.
Duke to study High Point Market's economic impact
April 25, 2013
(Winston-Salem Journal)
The High Point Market Authority awarded a $50,000 contract to Duke University to study its economic impact. The last analysis, conducted several years ago, pegged economic impact at $1.5 billion annually.
