Business
Greenville manufacturer expanding
May 10, 2013
(The Daily Reflector, Greenville)
Auto-parts maker AMSO North America will expand its Greenville plant, investing $50 million and adding 200 jobs by 2016.
Advisory firm recommends shareholders vote against JPMorgan director from Charlotte
May 10, 2013
(The Charlotte Observer)
A shareholder advisory firm is recommending shareholders vote against re-electing Charlotte businesswoman Crandall Bowles to JPMorgan Chase & Co.'s board of directors. Bowles is a member of the bank's audit committee, which has been criticized for failing to prevent last year's $6 billion trading loss.
Asheville officials push I-26 connector
May 10, 2013
(Asheville Citizen-Times)
Asheville officials hope Gov. Pat McCrory's proposed transportation plan will help complete an Interstate 26 connector that would ease traffic congestion.
McCrory pledges support for offshore drilling
May 10, 2013
(StarNews, Wilmington)
Gov. Pat McCrory has stated his support for offshore drilling in the Atlantic, but any changes in policy would likely be years away.
Food Lion, Lowe's Foods protest Affordable Care Act provisions
May 10, 2013
(The Charlotte Observer)
Retailers Food Lion and Lowe's Foods have signed their names to a letter protesting a provision of the Affordable Care Act that requires companies with more than 200 employees to automatically enroll workers in health-care plans unless they automatically opt out.
Uwharrie Capital reports lower profit
May 10, 2013
(The Charlotte Observer)
Albemarle-based Uwharrie Capital reported that net income fell 7% in the first quarter compared to the year before.
Murdock gives $50M more for Kannapolis research campus
May 9, 2013
(The News & Observer, Raleigh)
Dole Foods chairman and billionaire David Murdock donated $50 million to the Kannapolis nutrition research campus. Murdock has already given more than $700 million for the project.
BofA CEO tells shareholders 'we are moving forward'
May 9, 2013
(The Charlotte Observer)
Bank of America CEO Brian Moynihan told shareholders at the bank's annual meeting that the company needs to focus on basics such as mortgage and car loans and debit and credit cards to continue achieving better profits.
Fayetteville manager pitches idea to revitalize neighborhoods
May 9, 2013
(The Fayetteville Observer)
Fayetteville's city manager has floated an idea to establish a $1 million fund that would help acquire blighted properties and flip them to investors. The plan would aim to help revitalize older neighborhoods.
Software company adding 350 jobs in Raleigh
May 9, 2013
(The News & Observer, Raleigh)
Medical-software company Allscripts will add 350 to its local workforce of 1,266 as it consolidates operations from across the country.
