Cree reports $20M quarterly loss

August 12, 2015

Chuck Swoboda, CEO of LED lighting maker Cree, blames a $20.6 million quarterly loss on a tough competitive environment. For the year Cree earned $72 million compared with $203 million in the previous year.

94% of Triangle apartments are occupied

August 12, 2015

(The News & Observer)

Apartment occupancy rates for the Triangle increased to 94% in the second quarter, according to MPF Research. Rents increased 5.9% from a year earlier.


Air Wilmington to add a hangar

August 12, 2015

(Wilmington Business Journal)

Air Wilmington, a fixed-based operator at Wilmington International Airport, broke ground on a hangar.

Former Charlotte Mayor Foxx sued over alleged sham job

August 12, 2015


A federal bankruptcy case filed Friday contends Foxx received more than $400,000 as a corporate attorney for DesignLine, a bus maker, but didn't fulfill his job.

Snyder's-Lance profits exceed forecast

August 11, 2015

(The Charlotte Observer)

Snackmaker Synder's-Lance surprised investors with a larger quarterly profit than expected. Increased sales of pretzels and kettle chips paved the way.

Veteran McKinney ad-agency CEO gains new role

August 11, 2015

(The News and Observer)

Brad Brinegar, CEO of Durham-based ad agency McKinney since 2002, was named CEO of North America for his company's Korean-based parent.

Womble Carlyle adds lobbying prowess

August 11, 2015

(The Winston-Salem Journal)

A former Reynolds American executive is joining Womble Carlyle Sandridge & Rice to form a new group specializing in lobbying and government relations.

Indian textile firm adding plant in Martin County

August 11, 2015


AR Textiles plans to spend $12 million to renovate a building in Robersonville for use as a textile plant. The 38 employees will have average pay of about $26,000.


Concord's downtown sees resurgence

August 11, 2015

(The Independent-Tribune

Downtown Concord is gaining popularity with 17 restaurants and a vacancy rate of 10%, a fourth of the level in 1990.

Development of tiny homes in Greensboro is delayed

August 11, 2015

(The Greensboro News & Record)

A developer has withdrawn his plans to develop a neighborhood of homes of 800 to 900 square feet in Greensboro.