Business

NC State professor says state's economy is slowing

April 29, 2015

(WRAL TechWire)

Recent economic data shows North Carolina's economic growth is slowing, according to N.C. State University economist Michael Walden. In his latest report, Walden said that his monthly index of economic indicators has dropped four out of the last six months. "It appears the surge in the Index in late 2014 may have been temporary," he wrote.

Report: SEC probing Bank of America trades

April 29, 2015

(The Charlotte Observer)

The Securities and Exchange Commission is investigating a group of complex trades to determine whether Bank of America broke client-protection rules in order to boost profits, according to a report in The Wall Street Journal.

Charlotte restaurant chain sold for $21M

April 29, 2015

(The Charlotte Observer)

Colorado-based Good Times Restaurants will acquire Bad Daddy's Burger Bar for $21 million, according to Bad Daddy's co-founder Frank Scibelli. Good Times already owns a 48% stake in the restaurant chain. Founded in 2007, Bad Daddy's has locations in four states, including four in Charlotte and two in the Triangle.

Asheville's BB&T building to become upscale hotel

April 29, 2015

(Asheville Citizen-Times)

McKibbon Hotel Group will convert Asheville's 17-story BB&T building into a high-end, boutique hotel with rates comparable to those of the Omni Grove Park Inn and the Grand Bohemian Hotel Asheville. Construction is scheduled to be complete in 2017. "It will absolutely be the nicest hotel in the city," according to John McKibbon, chairman of the Tampa, Fla.-based hotel group.

Durham's Validic raises $12.5M

April 29, 2015

(WRAL TechWire)

Durham-based Validic completed a $12.5 million financing led by Kaiser Permanente Ventures. The company, which provides a technology platform for health-monitoring devices and applications, plans to use the proceeds to increase hiring. 

Brunswick County home sales outpacing Wilmington area

April 29, 2015

(Greater Wilmington Business Journal)

Sales of single-family homes in Brunswick County increased 25.4% in the first quarter, compared with the same period a year ago. Sales were boosted by retirees and second-home buyers looking to move closer to the coast, according to a local realtor. The average sales price increased 17.2% to $248,681.

RDU gains nonstop flight to Seattle

April 29, 2015

(The News & Observer, Raleigh)

Raleigh-Durham International Airport will add its third West Coast nonstop flight when Alaska Airlines begins nonstop service to Seattle on Oct. 1.

Grocers expand, remodel to compete for shoppers

April 29, 2015

(The Pilot, Southern Pines)

In Moore County, all seven Food Lion stores are undergoing renovations, Harris Teeter is building a new, larger store and Lowes Foods plans to break ground within weeks on a new store in Southern Pines.

Charlotte company to build solar farm in Forsyth County

April 29, 2015

(Winston-Salem Journal)

Charlotte-based Fire Solar 1 plans to build a solar farm near Clemmons that will generate enough electricity to power 600 homes. The electricity will be sold to Duke Energy Carolinas.

Bojangles' to price shares between $15 and $17

April 28, 2015

(The Charlotte Observer)

Bojangles' will offer about 6.25 million shares priced between $15 and $17 each in its initial public offering. The Charlotte-based restaurant chain operates 622 stores in 10 states and the District of Columbia with plans to expand in the Southeast.