Business
BB&T's first-quarter profit drops
April 19, 2013
(The Charlotte Observer)
Winston-Salem-based BB&T's first-quarter earnings fell nearly 35% to $210 million as it took a charge related to a tax dispute with the IRS.
N.C. Attorney General pushes for hospitals to be more transparent
April 18, 2013
(The News & Observer, Raleigh)
N.C. Attorney General Roy Cooper wants the legislature to pass measures to make hospital billing more transparent and require them to notify officials before they acquire other hospitals or physician practices.
Catawba named one of nation's 'most endangered rivers'
April 18, 2013
(The Gaston Gazette)
Conservation organization American Rivers named the Catawba River, which borders Gaston and Mecklenburg counties, one of "America’s Most Endangered River" because of unlined coal ash ponds along the river.
International buyer may be interested in purchasing Renegade companies
April 18, 2013
(Winston-Salem Journal)
A Paris tobacco manufacturer is interested in purchasing three Mocksville companies -- Renegade Holdings Inc., Renegade Tobacco Co. and Alternative Brands Inc. -- as long as they emerge from Chapter 11 bankruptcy.
Fayetteville convention center weighs going private
April 18, 2013
(The Fayetteville Observer)
The Crown convention and entertainment complex in Fayetteville is weighing the option of privatizing, though it is still gathering information.
Bank of America posts $2.3B profit but misses expectations
April 18, 2013
(The Charlotte Observer)
Bank of America reported a nearly $2.3 billion profit during the first quarter, though it fell slightly short of analyst expectations. Mortgages continued to weigh down the Charlotte-based lender.
Macon plans $1.1M baseball complex
April 18, 2013
(Smoky Mountain News)
Macon officials are going forward with plans for a $1.1 million baseball complex after agreeing to purchase a 50-acre tract. Eventually walking trails, a playground and disc golf course could be added.
Durham app company secures $5M venture-capital loan
April 18, 2013
(The Herald-Sun, Durham)
Durham-based Appia, which builds and operates mobile apps, secured a $5 million loan from Portland, Maine-based North Atlantic Capital.
State treasurer concerned about possible Charlotte airport transfer
April 18, 2013
(The Charlotte Observer)
State Treasurer Janet Cowell, a Democrat, said she is concerned a proposal to take Charlotte's airport from city control and establish an independent airport authority will result in prolonged litigation over the transfer of its debt. Republican supporters of the bill say those concerns are unfounded.
Mecklenburg ranks 10th in state for renewable-energy investments
April 18, 2013
(The Charlotte Observer)
The N.C. Sustainable Energy Association ranked Mecklenburg County 10th for renewable-energy investments between 2007 and 2012. Davidson County led the ranking with more than $130 million, followed by Person and Robeson counties.
