Business

Asheville City Council cracks down on short-term rentals

May 14, 2015

(Asheville Citizen-Times)

Members of the Asheville City Council want to toughen enforcement on short-term property rentals gaining popularity through websites such as Airbnb.com, saying the practice turns quiet, residential neighborhoods into noisy hotel districts and reduces affordable housing.

Morrisville's MaxPoint Interactive posts strong results

May 14, 2015

(The News & Observer, Raleigh)

Reporting its first quarterly results since its March IPO, Morrisville-based MaxPoint Interactive said Wednesday revenue increased 87% to $28.7 million, though net loss grew to $8.1 million, compared with $4.2 million a year ago. The digital-marketing company makes software to help advertisers target customers who are likely to buy their products.

BofA shifts real-estate employees to outside firms

May 14, 2015

(The Charlotte Observer)

Bank of America will move several hundred workers from its corporate real-estate group to outside firms CBRE and JLL. The bank said earlier this week that Charlotte-based Lincoln Harris would no longer manage its properties in the Southeast. Los Angeles-based CBRE and Chicago-based JLL will now manage all of BofA's buildings across the U.S. and globally.

Landowners refile lawsuit against Brunswick developer

May 14, 2015

(StarNews, Wilmington)

A group of about 115 landowners refiled a lawsuit claiming a local developer used overvalued appraisals to inflate the value of 62 lots in Brunswick County. The same lawsuit was dropped in April 2014.

NC tops Site Selection list of competitive states

May 13, 2015

(Site Selection)

North Carolina edged out Louisiana, Texas, South Carolina and Tennessee to earn first place on Site Selection magazine's list of 10 most competitive states for 2014. States were ranked based on 10 criteria, including total new and expanded facilities, capital investment and number of jobs created in 2014.

Ag commissioner says avian flu will reach NC by fall

May 12, 2015

(WRAL.com)

State Agriculture Commissioner Steve Troxler said he expects migrating birds to bring the avian flu to North Carolina by fall. The latest outbreak of the highly contagious disease has infected chicken farms in the Midwest and California.

Ross says UNC's reputation is at risk

May 13, 2015

(The Charlotte Observer)

UNC System President Tom Ross says the public university system is "teetering on the edge" and its national reputation is at risk. Speaking in Charlotte on Tuesday, Ross said the state is spending 14% less per degree, while the system produces 18% more graduates than it did five years ago.

Wilmington's nCino partners with Deloitte

May 13, 2015

(Greater Wilmington Business Journal)

Deloitte Digital, a division of Deloitte Consulting, will add nCino's Bank Operating System to its portfolio of services offered to banking and financial clients across the world. Built on the Salesforce platform, nCino's software helps lenders trim paperwork, increase efficiency and reduce operating costs.

Durham's Precision Bio raises $25M

May 13, 2015

(Xconomy.com)

Durham-based Precision BioSciences closed on a $25.6 million round of funding led by venBio. Founded in 2006, the company plans to use the proceeds to develop new products using its gene-editing technology.

Durham bank rebrands to attract younger customers

May 13, 2015

(The News & Observer, Raleigh)

In an effort to attract a more diverse customer base, Durham-based Mechanics and Farmers Bank is rebranding to M&F Bank on June 2.