Business

Wilmington's nCino projects continued growth in 2015

January 15, 2015

(Greater Wilmington Business Journal)

Live Oak Bank spinoff nCino said its 2014 revenue increased 206% compared with the previous year. Started in 2012, the banking-software company now serves 81 clients compared with 36 at the end of 2013. nCino employs more than 100 people and plans to hire 50 to 75 more workers in 2015, CEO Pierre Naudé said.
Related: Code green: nCino and Tresata aim to make NC a hotspot for financial-services software (December 2014)

Report says wind would produce more jobs, energy than offshore drilling

January 15, 2015

(The Charlotte Observer)

An advocacy group that opposes offshore drilling for oil says wind-energy development would create 82,000 jobs in the Carolinas, while oil drilling would create only about 36,000 jobs. In a report released Wednesday, Oceana says wind energy along the Atlantic coast could produce twice the energy of drilling for oil.

Durham business owners speak out against light-rail route

January 15, 2015

(The Herald-Sun, Durham)

Several business owners along Durham-Chapel Hill Boulevard say a proposed light-rail line next to the highway will have a negative impact on their business.

Mission Health addresses care deficit in Haywood County

January 15, 2015

(Asheville Citizen-Times)

Mission Health says its new outpatient-care clinic in Haywood County will provide basic health care in an area that is underserved. The Asheville-based health-care system expects to serve 5,000 patients annually at the new medical-office building in Clyde, which is expected to be completed by fall.

Wells Fargo's 4th-quarter results meet analysts' expectations

January 15, 2015

(The Charlotte Observer)

Wells Fargo reported its fourth quarter profit rose compared with the same quarter a year ago despite a slowdown in its mortgage business. The San Francisco-based bank also reported record income in 2014 of $23.1 billion.

Winston-Salem finance committee approves loan for spec building

January 15, 2015

(Winston-Salem Journal)

Winston-Salem's finance committee approved a request for a $2.5 million loan to build a 50,000- to 60,000-square-foot speculative building at Union Cross. The Winston-Salem City Council will consider the request at its Tuesday meeting.

Hospira to close Clayton plant; 250 workers affected

January 14, 2015

(The News & Observer, Raleigh)

Lake Forest, Ill.-based Hospira plans to close its Clayton manufacturing plant in June, affecting 250 employees. The company will either discontinue making the four medical products produced at the Clayton plant, shift production to another location or to a third-party manufacturer, or sell them to another company. 

Charlotte ranked third best city for job seekers

January 14, 2015

(The Charlotte Observer)

San Francisco-based consumer finance site NerdWallet used affordability, workforce growth and availability of jobs to rank the largest 100 U.S. cities. Charlotte was ranked the third best city for people looking for a job, behind No. 1 Lincoln, Neb., and No. 2 Fort Worth, Texas. Greensboro also ranked in the top 10, coming in at No. 8 on the list.

Beauty-products retailer closing Wake Forest center

January 14, 2015

(The News & Observer, Raleigh)

The Body Shop will close a customer-service center in Wake Forest where it employs 145 workers. About 10 affected employees will be offered jobs at a new planned U.S. headquarters in New York City or at offices in New Jersey. Owned by L-Oreal, United Kingdom-based The Body Shop makes and sells beauty and skin-care products at more than 3,000 stores worldwide.

BofA cut ties with 150 hedge funds last year

January 14, 2015

(The Charlotte Observer)

Charlotte-based Bank of America cut ties with about 150 hedge funds in its prime brokerage unit in 2014, according to two people familiar with the matter. The business of servicing the hedge-fund industry has become less profitable, and federal regulatory requirements put in place to prevent another financial crisis are forcing lenders to cut costs.