Business

Report: Bank of America most vulnerable to losing customers

December 3, 2015

(The Charlotte Observer)

In a recent study, Charlotte-based Bank of America tops the list of banks most likely to lose frustrated customers. Chase and Citibank ranked second and third on the list, reported by management consultancy cg42.

Premier Research adding 260 jobs in Durham

December 2, 2015

(The News & Observer, Raleigh)

Premier Research will add 260 jobs with an average annual salary of $73,296 in an expansion of its Durham office. The Philadelphia-based company runs clinical trials for drug companies and currently employs 62 people in Durham. Premier could receive up to $2.58 million in state incentives.

Report: Charlotte housing market will sizzle in 2016

December 2, 2015

(The Charlotte Observer)

The Charlotte metro area is expected to be the No. 8 hottest housing market in 2016, according to a report from realtor.com. The online site projects the region's unemployment rate will drop more than twice as fast as the national rate next year, while demand for housing grows and supply shrinks.

Greensboro performing arts center $10M over budget

December 2, 2015

(News & Record, Greensboro)

Greensboro City Council members are divided over a plan to issue another $9.6 million in bond debt for the 3,000-seat Steven Tanger Center for the Performing Arts. The original price tag for the center was $65 million, but the project – still in the design phase – is now more than $10 million over budget. The city previously agreed to contribute $30 million to the project through bond financing.

Bank of America gives $1 million to Charlotte nonprofits

December 2, 2015

(The Charlotte Observer)

On Giving Tuesday, Bank of America said it will award $1 million to 14 Charlotte area nonprofits whose missions range from feeding the poor to providing housing and community support in low-income neighborhoods. The bank, which employs about 15,000 in the Charlotte region, also allowed workers to spend Tuesday volunteering in the community.

Stock Building Supply completes merger with BMC

December 2, 2015

(The News & Observer, Raleigh)

Stock Building Supply completed its merger with privately held Building Materials Holding, based in Atlanta. The combined company posted $2.6 billion in revenue last year. BMC Stock Holdings will be headquartered in Atlanta, though its main operating center will be in Raleigh.

Charlotte Chamber to focus on passing bonds, working with Raleigh

December 2, 2015

(The Charlotte Observer)

Ned Curran, incoming chairman of the Charlotte Chamber, said the group's priorities in 2016 will center on improving relations with state legislators and passing state bonds to support local universities and city projects. Curran, CEO of Charlotte-based developer Bissell Companies, replaces outgoing chairman Tom Skains, CEO of Piedmont Natural Gas.

Businesses put out welcome mat for some hackers

December 1, 2015

(The Charlotte Observer)

North Carolina businesses including Bank of America, Lowe's Cos. and Ally Financial are hiring more "ethical hackers" to help find holes in cyber defenses. Hiring websites are full of ads seeking people with necessary computer skills that can deter not-so-ethical hackers.

Read more here: http://www.charlotteobserver.com/news/business/article46815280.html#storylink=cpy

Atlanta developer firming up plans for SouthPark-area project

December 1, 2015

(The Charlotte Observer)

Atlanta-based Reynolds Development & Management Group is considering a mixed-use project involving a retirement center, housing and retail at a 10.6-acre undeveloped site near Charlotte's SouthPark mall, property records show. Reynolds paid $16.5 million for the site in 2008, buying it from Lincoln Harris, according to a filing. Engineering and architecture firm Benesch is working on the project.


Read more here: http://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article46525275.html#storylink=cpy

Charlotte's Carolina Premier raises $8 million to pay back feds

December 1, 2015

(The Charlotte Observer)

Carolina Premier Bank, based in Charlotte, raised about $8 million in a private stock offering with plans to use proceeds to pay off $6.2 million of preferred shares held by the U.S. Treasury. The company participated in a 2010 federal program that put money into participating community banks, aiding their lending to small businesses. The bank sold 1.2 million shares at $7 each. CEO David Barksdale is former chief strategy officer at NewBridge Bancorp of Greensboro.