Business
Cary company hopes to use IPO proceeds to pay down debt
May 14, 2013
(Associated Press)
Cary-based Ply Gem Holdings stated in securities filings Monday it plans to sell its shares between $18 and $20 during an initial public offering and plans to use the proceeds to pay back debt and for general corporate purposes.
Charlotte streetcar extension may pass after manager's new proposal
May 14, 2013
(The Charlotte Observer)
Charlotte's new city manager wants to finance a $126 million streetcar extension with surplus funds and federal dollars, a proposal that could finally garner the controversial project enough votes to pass. City Council members were wary of increasing property taxes to finance it.
AT&T adding jobs in North Carolina
May 14, 2013
(The Charlotte Observer)
Dallas-based AT&T is filling 400 positions -- about 250 new ones -- in North Carolina as it expands its U-verse service that provides digital television, high-speed Internet and digital home phone.
Durham newspaper to sell building
May 14, 2013
(The Herald-Sun, Durham)
The (Durham) Herald-Sun plans to sell its 23-year-old building in the city and lease or build a smaller office. The newspaper also plans to erect a pay wall for content.
Chimerix posts wider loss but analysts optimistic
May 14, 2013
(The News & Observer, Raleigh)
Durham drug developer Chimerix posted a quarterly loss of $9.1 million, larger than the year before, but analysts continue to be optimistic about the prospects of the company, which has several promising drugs in its pipeline. Chimerix went public last month.
Charlotte medical practice reports data breach
May 14, 2013
(The Charlotte Observer)
Presbyterian Anesthesia Associates in Charlotte reported its website was hacked into, and personal information, including credit card numbers, were vulnerable.
Wilmington ideally situated for wind farms
May 13, 2013
(StarNews, Wilmington)
The Wilmington area is home to two of three sites in the state recommended for wind-farm development, but bringing the first wind farm to the U.S. is complicated in terms of policy and logistics.
Regulators close Asheville bank
May 13, 2013
(Winston-Salem Journal)
Federal regulators closed Asheville-based Pisgah Community Bank, and Maryland-based Capitol Bank will assume most of its $21.9 million of assets and its $21.2 million of deposits.
'Revolution' filming leaving Wilmington
May 13, 2013
(StarNews, Wilmington)
NBC will move filming of its second season of drama Revolution from Wilmington to Austin, Texas. Local crew members had been concerned the show would move because of its constant need for new locations as characters travel across the country.
WNC economy grows slowly in first quarter
May 13, 2013
(The Watauga Democrat)
Western North Carolina's economy grew just 0.4% in the first quarter as the unemployment rate improved but job creation slowed.
