Business

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.

Three NC chefs named James Beard finalists

March 19, 2014

(The News & Observer, Raleigh)

Three chefs from North Carolina are finalists for the James Beard Foundation awards, including Katie Button of Asheville's Curate, Ashley Christensen of Poole's Diner and other Raleigh restaurants, and Vivian Howard of Kinston's Chef and the Farmer, who is nominated for her PBS television series "A Chef's Life." (Read more about Ashley Christensen's growing restaurant empire in our March issue)

Pay for Wells Fargo CEO stays the same in 2013

March 19, 2014

(The Charlotte Observer)

San Francisco-based Wells Fargo CEO John Stumpf earned $19.3 million in 2013, the same as the year before. Stumpf's salary was still higher than that of Charlotte-based Bank of America CEO Brian Moynihan, who earned $14 million in 2013.