Business
Preparations begin for next year's U.S. Open at Pinehurst
April 15, 2013
(The Fayetteville Observer)
Although the U.S. Open at Pinehurst No. 2 is more than a year away, preparations are already under way for the historic tournament, which will host the men and women in back-to-back weeks.
BNC Bancorp plans for CEO transition
April 15, 2013
(Winston-Salem Journal)
High Point-based BNC Bancorp announced CEO Swope Montgomery will retire June 11, and Chief Operating Officer Richard Callicutt II will take over. Montgomery will remain vice chairman of the board.
Foothills Brewing expanding production
April 15, 2013
(Winston-Salem Journal)
Winston-Salem-based Foothills Brewing has bought new equipment that it expects will let it increase production by 72% and expand in the Southeast. The company wants to expand in North Carolina, Virginia and Tennessee.
Restitution in Asheville Ponzi scheme to be determined
April 15, 2013
(Asheville Citizen-Times)
A judge is expected to determine Monday restitution in an Asheville financial-fraud case that left $13 million in losses. A federal judge already sentenced Bill Bailey, who ran Southern Financial Services, to 32 years in prison.
Charlotte airport wants to open business complex
April 15, 2013
(The Charlotte Observer)
Charlotte Douglas International Airport's executive director wants to open a business complex near the airport aimed at attracting international businesses. There is no proposed date to start the project.
BASF may expand again in RTP
April 15, 2013
(The Herald-Sun, Durham)
German chemical company BASF may expand its plant science and crop protection business in Research Triangle Park.
UNC poised to name first female chancellor
April 12, 2013
(The News & Observer, Raleigh)
UNC Chapel Hill is expected to name Carol Folt, a Dartmouth College administrator and scientist, its 11th chancellor. She would be the first female to fill the role.
Memo disputes value of film tax incentives
April 12, 2013
(StarNews, Wilmington)
A memo from the General Assembly's Fiscal Research Division to a powerful Senate Republican claims incentives for the film industry have generated fewer than six dozen jobs despite more than $30 million in credits that were awarded in 2011.
Bill would give North Carolina lowest corporate income tax in the Southeast
April 12, 2013
(Winston-Salem Journal)
A bill proposed in the state House would lower North Carolina's corporate income tax rate to 4.9%, a move that would make it the lowest in the Southeast. It was not clear how legislators would make up the lost revenue.
Opposition mounts against solar energy in Southeastern North Carolina
April 12, 2013
(The Fayetteville Observer)
Opposition to solar farms has increased in Southeastern North Carolina, with officials in Robeson and Scotland counties recently voting against the projects as more residents protest them. Common complaints are that they are unsightly and their environmental effects are unknown.
