Business

Three NC towns in magazine's Greatest Southern Town contest

March 19, 2014

(StarNews, Wilmington)

Wilmington, Chapel Hill and Asheville are competing in the first round of Garden & Gun magazine's "Greatest Southern Towns Bracket." Readers can cast votes online; half of the initial field of 32 towns will move on to the next round on Monday.

NC jobless rate falls to lowest point in five years

March 18, 2014

(The News & Observer, Raleigh)

The state unemployment rate dropped to 6.7% in January, its lowest level in more than five years and slightly above than the national rate of 6.6%. However, an employer survey reveals that the state lost 7,200 jobs in January.

Most valuable brands list includes 13 from NC

March 18, 2014

(The Charlotte Observer)

Brand Finance's list of the 500 most valuable U.S. brands features 13 from North Carolina. The brand consultancy's list includes Bank of America, BB&T, Duke Energy, Family Dollar, Lowe's and Nucor. Apple took the top spot on the list at $104.7 billion.

Durham's Square 1 Bank planning $119 million stock offering

March 18, 2014

(The News & Observer, Raleigh)

In a filing with the Securities and Exchange Commission on Friday, Durham-based Square 1 Bank said it expects to sell 3.1 million shares of its stock in an initial public offering.  Additionally, a group of its shareholders will sell 2.8 million shares.  

Wells Fargo Championship to remain in Charlotte for five more years

March 18, 2014

(The Charlotte Observer)

Quail Hollow Club in Charlotte will continue to host the Wells Fargo Championship at least through 2019. Wilmington's Eagle Point Golf Club will host the tournament in 2017 when the PGA Championship will be held at Quail Hollow.  

Five-term chairman leaving Piedmont Triad Airport Authority

March 18, 2014

(The Winston-Salem Journal)

Henry Isaacson will step down as chairman of the Piedmont Triad Airport Authority effective April 30. Isaacson, 80 and a Greensboro native, has served on the board since 1999 and has been chairman since 2003.  

DENR investigating Duke Energy's Chatham County plant

March 18, 2014

(The News & Observer, Raleigh)

Duke Energy is facing scrutiny at its Cape Fear Plant in Chatham County as state regulators question why the utility has been pumping coal-ash wastewater into the Cape Fear River. Duke says it notified the state last August about plans to lower the water levels at its ash ponds there in order to perform routine maintenance.

National Golf Club to become 'club within a club' at Pinehurst Resort

March 18, 2014

(The Pilot, Pinehurst)

Pinehurst Resort & Country Club has reached a tentative agreement to purchase National Golf Club before the U.S. Opens are held at Pinehurst in June. If approved by members and boards of both organizations, plans would include a $1 million clubhouse renovation and an $250,000 increase to the annual golf-course maintenance budget. Financial terms were not disclosed. 

Raleigh-based Baxano Surgical gets $10 million investment

March 18, 2014

(Greater Wilmington Business Journal)

Baxano Surgical, a medical-device company that moved its headquarters from Wilmington to Raleigh last spring, will receive investments totalling $10 million from two unnamed investors to expand its product portfolio. The company also appointed Tim Shannon, the company's interim CFO since September, to the post permanently.

ECU offers new degree in forensic science

March 18, 2014

(The Daily Reflector, Greenville)

East Carolina University has a new degree program to prepare students for careers in forensic science and crime-scene investigation units. The Bachelor of Science degree in multidisciplinary studies with a focus on forensic science will teach students how to perform biological, chemical and physical analysis on crime-scene evidence.