Business

Biltmore tops list of NC tourist attractions

March 4, 2014

(Asheville Citizen-Times)

Matthews-based Carolina Publishing Associates ranked Biltmore Estate in Asheville as the state's most visited attraction in 2013, ahead of the N.C. Museum of Natural Sciences in Raleigh and the North Carolina Zoo in Asheboro.

BB&T now 12th largest bank in the nation

March 4, 2014

(The Winston-Salem Journal)

On a quarterly report issued by SNL Financial, BB&T moved up a spot to become the 12th largest U.S. bank. The Winston-Salem-based bank reported $182.3 billion in total assets, up $300 million from the previous report in November.

Receiver in Lexington-based Ponzi scheme sues former execs, key players

March 4, 2014

(The Lexington Dispatch)

The court-appointed receiver in the Zeek Rewards case filed lawsuits against former company executives and a group of the largest "winners" in the Ponzi scheme to try to recover an additonal $200 million. 

Raleigh food-processing company receives $18 million in new investments

March 4, 2014

(The News & Observer, Raleigh)

Raleigh-based Aseptia, which operates as Wrights Foods, will announce it has raised $18 million in new funding, including nearly $8 million from Raleigh investment firm Lookout Capital. The company uses technology developed by N.C. State University food scientists to produce packaged foods at a Montgomery County plant. 

Plan to redevelop Rock Hill, SC mill district could bring 1,000 jobs

March 4, 2014

(The Charlotte Observer)

Developers unveiled a plan for a redevelopment of Rock Hill, S.C.'s former textile district they say will create 1,000 jobs. Knowledge Park is a 23-acre tract that would connect Rock Hill to Winthrop University and would include student housing, office space, retail space and senior housing.

Defense cuts could be detrimental to NC businesses that support military

March 3, 2014

(The News & Observer, Raleigh)

U.S. Defense Secretary Chuck Hagel announced a budget proposal last week that would cut military spending by $75 billion over two years. If approved, the plan could impact businesses statewide which support the industry. The N.C. Department of Commerce estimates the military supports 540,000 jobs in the state.

Kearfott to expand Buncombe County manufacturing plant

March 3, 2014

(Asheville Citizen-Times)

Kearfott Corp. will add 75 jobs and invest $11.8 million over three years in an expansion of its Black Mountain plant. The New Jersey-based company makes navigation systems for drones and other military equipment.

Textile manufacturing making a comeback in Rowan County

March 3, 2014

(The Salisbury Post)

Though the jobs are more technical than the manual-labor positions of the past, a local economic-development leader says the textile and apparel manufacturing industry is bringing employment back to its highest level in ten years.  

Questions rise over Duke Energy's Riverbend plant near Charlotte

March 3, 2014

(The Charlotte Observer)

Duke Energy's retired Riverbend power plant, and two coal-ash ponds with four times the capacity of those at its Dan River plant, are protected from Charlotte's largest drinking source, Mountain Island Lake, by two 80-foot dams. A water-quality official from Mecklenburg County says a spill there would be catastrophic.

Duke University approves 4% tuition increase

March 3, 2014

(The News & Observer, Raleigh)

Duke University announced a 4% tuition increase to $45,800 for the next academic year. Total cost, which includes tuition, fees, room and board, will be $60,530. Rates will also go up at the Durham university's graduate and professional schools.