Business

Charlotte software company raises $7.3M

December 24, 2015

(Yahoo Finance)

MapAnything completed a $7.3 million financing that was led by Greycroft Partners and included Salesforce Ventures. Previously called Cloudbilt, the Charlotte-based software developer's apps help sales and marketing representatives locate leads and create marketing campaigns based on geography.

PTI says no to Uber drivers

December 24, 2015

(Winston-Salem Journal)

Uber drivers waiting for customers at Piedmont Triad International Airport will now have to park off-site. Executive Director Kevin Baker says that's due to the airport's contract with a local cab company. RDU recently announced a new agreement with Uber and Lyft: The airport will charge a $1 fee for every airport trip and has designated a staging area for the ride-hailing services.

Piedmont Natural Gas earnings drop in 2015

December 24, 2015

(The Charlotte Observer)

The Charlotte-based energy company said profits fell 5% in 2015, to $137 million from $143.8 million the previous year. Costs related to Piedmont's pending $4.9 billion sale to Duke Energy affected earnings.

Shareholder sues over NewBridge-Yadkin merger

December 24, 2015

(Winston-Salem Journal)

A NewBridge Bancorp shareholder is suing the company's executives and board of directors, claiming they undervalued the Greensboro-based bank in its proposed $456 million sale to Raleigh-based Yadkin Financial.

Fidelity sells 69 acres in RTP

December 24, 2015

(The News & Observer, Raleigh)

The Research Triangle Foundation paid more than $12 million for the land near the intersection of Interstate 540 and Davis Drive. Boston-based Fidelity Investments had planned to build a campus there but instead decided to buy and renovate the Network Center office park, also at RTP. Fidelity said in October it plans to add 600 jobs over three years in the Triangle.

Asheville area may attract 350-employee auto-parts plant

December 22, 2015

(Asheville Citizen-Times)

Switzerland-based GF Automotive and Linamar, a Canada-based powertrain company, may build a plant with as many as 350 employees over the next several years. A Jan. 4 hearing of the Henderson County Board of Commissioners will “consider economic-development incentives” for the GF Automotive-Linamar collaboration, Wyatt said. The partnership plans to invest $42.3 million in a factory and another $174.9 million in machinery and equipment through 2023, according to public records.

More than 10 million now call N.C. home

December 22, 2015

(Associated Press)

North Carolina now has more than 10 million residents, growing faster in the past year than all but five states. Among southeast states, Florida and Georgia added more residents than North Carolina during the year ended July 1. It is the ninth-most populous state.

Shelby offers historic-property designation to brew-pub building

December 22, 2015

(The Shelby Star)

Shelby's city council approved historic property designations for two downtown buildings, including one that houses the new Newgrass Brewing Co. The beer-pub is in the former Hudson Department Store building, which is still owned by the Hudson family. Designees can receive 50% reductions on property taxes.

CBRE says Charlotte real-estate market to remain robust

December 22, 2015

(The Charlotte Observer)

Real estate brokerage CBRE expects Charlotte commercial real estate to remain strong through 2016, according to its annual report. Higher rents for office and industrial space and residential properties are likely even as development approaches record levels in the area.

 

American Banker magazine names BB&T's King Banker of Year

December 22, 2015

(The Winston-Salem Journal)

American Banker magazine named BB&T Chairman Kelly King as its banker of the year, citing his 26 years as a senior BB&T manager and the bank's completion of two major acquisitions. King, 67, has no retirement plans. Since he became CEO in 2009, BB&T has grown from $136.5 billion in total assets to $220 billion, pending completion of its purchase of National Penn Bancshares Inc.