Business

Steel-related company to build plant in McDowell County

March 20, 2014

(The McDowell News)

A new company that will produce a protective application for steel products will build an 8,000-square-foot plant near Old Fort in McDowell County and create 30 jobs. XO.STEEL LLC will invest $350,000 over three years in the plant, which could expand to more than 24,000 square feet. 

Charlotte's Lincoln Harris to examine redeveloping Golf Links property

March 20, 2014

(The Charlotte Observer)

The Rea family, which owns the 187-acre land where Charlotte Golf Links operated until it was shut down last week, has asked Charlotte-based real-estate development firm Lincoln Harris to study the property for possible redevelopment.

Ashley Furniture plant in Davie County to be ready in October

March 20, 2014

(The Winston-Salem Journal)

Representatives from Ashley Furniture Industries say its new 1.1 million-square-foot distribution center in Advance should be complete by October. The Arcadia, Wisc.-based furniture manufacturer and retailer hopes to hire an additional 200 workers at the Davie County operation by year-end.

Durham's Scynexis hoping for $68 million IPO

March 20, 2014

(The News & Observer, Raleigh)

Drug-development firm Scynexis, which does not yet have any drugs on the market, hopes to sell 4.2 million shares in an initial public offering it hopes will raise up to $68.1 million. The Durham company is developing an intravenous drug for treating fungal infections.

Shuckin' Shack restaurants announce plans to franchise

March 20, 2014

(StarNews, Wilmington)

Owners of the Shuckin' Shack Oyster Bar restaurants in Carolina Beach and downtown Wilmington have partnered with a franchise developer to take the concept nationwide.

Banks complete consumer-relief requirement in mortgage settlement

March 19, 2014

(The Charlotte Observer)

Bank of America and Wells Fargo have completed homeowner-relief obligations required of the banks as part of a 2012 legal settlement involving five mortgage servicers. Bank of America said it helped 300,000 customers through principal forgiveness, refinancing and short sales.  

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.