Business

Raleigh ranks No. 1 on list of Best Cities for Jobs

May 19, 2015

(The News & Observer, Raleigh)

Raleigh was the only North Carolina city on Glassdoor's inaugural 25 Best Cities for Jobs report. The website, which provides employer reviews and salary information, ranked cities using factors including how easy it is to get a job, cost of living and employee satisfaction. Kansas City, Mo., ranked No. 2.

Judge asks for November trial in ZeekRewards case

May 19, 2015

(Winston-Salem Journal)

U.S. attorney Jill Rose is requesting the trial of ZeekRewards founder Paul Burks begin in November. Burks was indicted in October on charges related to the Lexington-based Ponzi scheme that raised $850 million from at least 2.2 million customers. Burks' hearing has been delayed four times.

Airbnb to collect and pay sales, hotel taxes in NC

May 19, 2015

(The News & Observer, Raleigh)

Airbnb, the online short-term property rental site, will begin collecting sales and hotel occupancy taxes in Buncombe, Durham, Mecklenburg and Wake counties on June 1.

Asheville's Biltmore Village attracts new merchants

May 19, 2015

(Asheville Citizen-Times)

Asheville's historic Biltmore Village is thriving, with nine new independent merchants slated to open by June. Retail shops and restaurants there have reported a 5 to 20% increase in sales from 2013-14.

AG Cooper sues FCC over Wilson broadband ruling

May 18, 2015

(WRAL TechWire)

N.C. Attorney General Roy Cooper has filed a lawsuit against the Federal Communications Commission over the agency's decision to allow the city of Wilson to expand its municipal broadband network outside the city limits (Statewide, March).

Shareholders question NewDominion's plan to raise capital

May 18, 2015

(The Charlotte Observer)

Leaders of Charlotte-based NewDominion Bank plan to raise capital by issuing millions of preferrred shares to the bank's largest investors, and some say the proposal puts common shareholders at a disadvantage. One of three community banks based in Charlotte, NewDominion has not posted an annual profit since 2008.

What top Triad executives earned in 2014

May 18, 2015

(Winston-Salem Journal)

An analysis of the 10 highest-paid executives of companies with a major presence in the Triad shows each received at least $10 million in total compensation in 2014, though base salaries weren't the largest part of their pay packages.

South side of downtown Charlotte poised for growth

May 18, 2015

(The Charlotte Observer)

The Stonewall Street corridor in downtown Charlotte, which consists largely of vacant parcels and surface parking lots, is experiencing a construction boom, with hundreds of apartments, hotels and offices planned. 

Wake Forest Innovation Quarter fuels growth in downtown Winston-Salem

May 18, 2015

(Winston-Salem Journal)

Originally conceived as a research park in downtown Winston-Salem in the early 1990s, Wake Forest Innovation Quarter has evolved but is still a work in progress. The innovation district, which is anchored by Inmar, Wake Forest Baptist Medical Center and a Wells Fargo data center, has 85 acres of developed land with 60 acres to be developed.

Family Dollar considered going private in 2007

May 18, 2015

(The Charlotte Observer)

Matthews-based Family Dollar Stores, which is being acquired by Dollar Tree, looked at going private in 2007, the same year rival Dollar General was bought by KKR. The private-equity firm has been credited with improving operations and ultimately turning Dollar General around.