Business
Judge to consider $2.4B BofA settlement over Merrill acquisition
April 4, 2013
(The Charlotte Observer)
A New York judge will consider Friday a $2.4 billion settlement between Charlotte-based Bank of America and shareholders over its 2008 purchase of Merrill Lynch. Shareholders said the company did not properly disclose information about Merrill's financial health before a vote was taken.
North State shareholder reject sale proposal
April 4, 2013
(The High Point Enterprise)
Shareholders of High Point-based Old North State rejected a proposal from dissident members that the telecommunications company consider selling itself. The results were announced during its annual meeting.
Downtown Salisbury leader leaving post
April 4, 2013
(The Salisbury Post)
Downtown Salisbury Inc.Executive Director Randy Hemann will leave his post to become city manager of Oxford, effective April 30.
Labor secretary pushes minimum-wage increase in Charlotte visit
April 4, 2013
(The Charlotte Observer)
Seth Harris, the acting U.S. secretary of labor, visited Charlotte to pitch the Obama administration's proposal that minimum wage be raised to $9 an hour. That would increase a yearly wage by $3,500 and help 557,000 workers in North Carolina.
Charlotte airport hopes to buy city neighborhood
April 3, 2013
(The Charlotte Observer)
Charlotte Douglas International Airport wants to buy 370 acres of a nearby neighborhood for $35 million for future expansion projects. Several in the neighborhood have sued the city over the airport's noise.
McCrory decides to restore funding for High Point Market
April 3, 2013
(News & Record, Greensboro)
Gov. Pat McCrory apparently has had a change of heart, deciding to propose full funding for the High Point Market next year. He previously wanted to cut the $1.65 million the furniture trade show received last year in half.
Film incentives appear safe in first draft of tax reform
April 3, 2013
(StarNews, Wilmington)
Generous tax incentives for film productions in North Carolina survived the first round of tax-reform negotiation in the state legislature, though the proposal also doesn't extend them past 2015, when they are set to expire.
26-story Durham tower gets key endorsement
April 3, 2013
(The News & Observer, Raleigh)
A proposed 26-story in downtown Durham was endorsed Tuesday by the Historic Preservation Committee, a measure needed because the project would significantly alter the city's historic district.
Asheville tries to lure Ironman event for 2014
April 3, 2013
(Asheville Citizen-Times)
Asheville officials are trying to attract an Ironman triathlon event for fall 2014, contributing more than $100,000 for the effort.
Chimerix IPO could happen next week
April 3, 2013
(The News & Observer, Raleigh)
Durham drug developer Chimerix could go public as soon as next week, revealing in new documents filed with the Securities and Exchange Commission that it hopes to raise more than $300 million.
