Wells Fargo buying GE's commercial lending business

October 14, 2015

(The Charlotte Observer)

Wells Fargo, which has its largest employee base in Charlotte, will buy about $32 billion in assets from General Electric, which has been selling off its finance business in recent years. The San Francisco-based bank will gain about 3,000 workers.

SAS ranks 2nd on global 'Great Place to Work' list

October 14, 2015

(WRAL TechWire)

Cary's SAS Institute, the world's largest privately held software company, landed at No. 2 on the World's Best Multinational Workplaces list. California-based Google was No. 1.

Raleigh could loosen restrictions on food trucks

October 14, 2015

(The News & Observer, Raleigh)

Raleigh city staff is expected to draft a trial program for food trucks to operate on public streets. City council will consider the issue on Nov. 17. Food trucks are currently allowed to serve customers only on private property.

Dell buying major Apex tech employer EMC

October 13, 2015


Computer maker Dell will buy EMC, a Massachusetts-based data storage company with a large presence in Apex, for about $67 billion. The companies said the combination will create the world's biggest privately held integrated tech company. EMC was awarded a state grant of up to $7.4 million when it announced the creation of 400 new jobs in 2009.

Automotive supplier adding 76 jobs in Lee County

October 13, 2015

(The Fayetteville Observer)

Magneti Marelli Powertrain will invest $12 million and create 76 jobs in Sanford over the next three years in an expansion of its local plant. The Italy-based company makes engines and transmissions components for cars, motorbikes and other light vehicles.

Wilmington's Live Oak Bank nation's No. 2 SBA lender

October 13, 2015

(Greater Wilmington Business Journal)

Wells Fargo remains the nation's top SBA lender, with loans totaling nearly $2 trillion for the fiscal year that ended Sept. 30. Wilmington's Live Oak Bank was second, will 966 loans totaling about $1.15 trillion, according to a report released Monday by the federal Small Business Administration.

Warren Wilson to pull investments in fossil fuels

October 13, 2015

(Asheville Citizen-Times)

Warren Wilson College in Swannanoa is the latest higher-education institution to commit to selling its shares of investments in fossil fuels. Trustees voted unanimously to divest endowment funds from fossil fuels by 2020. Warren Wilson's endowment totals nearly $55 million. Brevard College in Transylvania County announced a similar plan earlier this year (Statewide, April).

ElectriCities names new CEO

October 13, 2015

(High Point Enterprise)

Roy L. Jones will become CEO of ElectriCities Nov. 1, replacing Graham Edwards, who is retiring. Jones has served as chief operating officer since 2011 and helped lead the sale of ElectriCities Eastern Municipal Power Agency to Duke Energy earlier this year.

Foresclosure sale planned for Wilmington mall

October 12, 2015

(Greater Wilmington Business Journal)

Independence Mall will be offered for sale at a public auction Oct. 22, a result of the Wilmington mall's owner, Centro Independence, defaulting on a $110 million loan.

Krispy Kreme tests 'coffee shop' concept at new Clemmons store

October 12, 2015

(Winston-Salem Journal)

The latest Krispy Kreme Doughnuts shop in Clemmons, which opened last week, will serve as a test lab for the Winston-Salem-based company, which is trying to increase coffee sales from 4% to 12% of revenue.