Business

Scandals aside, UNC fundraising rebounds in 2014-15

July 27, 2015

(Durham Herald-Sun)

UNC Chapel Hill raised $447 million in fiscal 2014-15, the first year of a seven-year fundraising campaign, a 44% increase over the previous year. The campaign was boosted by Fred Eshelman's $100 million gift to the pharmacy school.
Related: "The Carolina way," July 2014

Projects will help transform downtown Durham

July 27, 2015

(The News & Observer, Raleigh)

Two new developments on about 18 acres near the American Tobacco Campus will add much-needed office space in downtown Durham, where the occupancy rate is 93%. Apartments, retail shops and hotels are also planned.

Asheville petition to restrict chain stores gains momentum

July 27, 2015

(Mountain Xpress)

An online petition calling for the city of Asheville to regulate or put a moratorium on corporate chain stores in the downtown area collected 2,000 signatures within a week. A local salon owner started the petition after retailer Anthropologie expressed interest in opening a store there.

Big week for Wilmington's Live Oak Bank

July 27, 2015

(Greater Wilmington Business Journal)

Just days before raising nearly $82 million in its initial public offering, Live Oak Bank opened a second building on its Wilmington campus.

Charlotte developer to build business park on 125 acres in Concord

July 27, 2015

(The Independent Tribune, Concord)

Charlotte-based Beacon Partners plans to build a commercial business park in Concord that could encompass about 1.5 million square feet.

Raleigh hopes to revive business incubator

July 27, 2015

(The News & Observer, Raleigh)

The Raleigh City Council will seek proposals from companies interested in running the Raleigh Incubator to serve entrepreneurs, including minorities and women. A predecessor to the new incubator, the Raleigh Business and Technology Center, closed its doors in 2013 amid fraud allegations.

Charlotte CEOs team up to tackle civic issues

July 24, 2015

(The Charlotte Observer)

A group of more than two dozen chief executives of Charlotte-based companies, universities and nonprofits are part of a new leadership council that will address civic issues such as education and transportation. Duke Energy CEO Lynn Good is chairwoman of the group, which also includes the CEOs of Piedmont Natural Gas, Carolinas HealthCare System, Belk and Bank of America.

Report defends certificate of need laws

July 24, 2015

(The News & Observer, Raleigh)

A report from Chapel Hill-based Ascendient Healthcare Advisors says the state's regulatory approval process for health-care organizations to expand or build new facilities helps keep costs down and protects hospitals that provide indigent care. A House proposal to eliminate certificate of need requirements, which hasn't had a committee vote, was endorsed this month by the Federal Trade Commission.

Wilmington's Live Oak Bancshares makes public debut

July 24, 2015

(Greater Wilmington Business Journal)

Live Oak Bancshares, parent company of Live Oak Bank, debuted on the Nasdaq exchange Thursday. The Wilmington-based lender had said earlier it planned to offer 4.8 million shares priced at $17 a share, the midpoint of the expected range.

Federal government opposes BofA appeal in Countrywide case

July 24, 2015

(The Charlotte Observer)

In a filing Wednesday, the U.S. government said an appeals court should not overturn a 2013 ruling requiring Bank of America to pay $1.27 billion in penalties for bad home loans sold through its Countrywide Financial unit.