Business
Developer may withdraw Watauga project bid
April 9, 2013
(The Watauga Democrat)
Templeton Properties may withdraw its $18.9 million bid to buy the former Watauga High School property from the county and redevelop it into a mixed-use community that includes apartments because of complicated development rules.
Uwharrie Capital pays back most of bailout money
April 9, 2013
(The Charlotte Observer)
Uwharrie Capital Corp. repaid $7.7 million — about 75% — of its federal bailout debt through the Troubled Asset Relief Program. It plans to pay the remainder within 18 months.
Most of Charlotte's Caribou Coffee shops closing
April 9, 2013
(The Charlotte Observer)
Caribou Coffee is closing 80 underperforming stores across the country, and 11 of Charlotte's 14 stores are on the chopping block.
SBI investigating Princeville for corruption
April 9, 2013
(The News & Observer, Raleigh)
The state auditor's office has turned over information to the State Bureau of Investigation after uncovering corruption in Princeville, the first town in the U.S. chartered by African-Americans.
Security firm opens global headquarters in Mooresville
April 9, 2013
(The Charlotte Observer)
Advance Detection Technology, a maker of bomb-detection and surveillance security systems, opened a global headquarters in a Mooresville business park. The company employs 16 full-time workers.
Profitability improving at North Carolina banks
April 8, 2013
(The News & Observer, Raleigh)
North Carolina's banks reported healthier profits last year, with 80% in the black compared to just 46% in 2009. Aggregate profit of nearly $2.1 billion was double the year before.
Berry farming grows in Henderson County
April 8, 2013
(The Times-News, Hendersonville)
Production of raspberries and blackberries has tripled in Henderson County since 2011, and there is potential for more growth, according to agriculture experts. The expansion has been aided by growth from one farm that supplies berries to Driscoll's.
Princeville struggles with corruption, state takeover
April 8, 2013
(The News & Observer, Raleigh)
Princeville, an eastern North Carolina town that was the first chartered by African-Americans in the country, was taken over by the state for the second time last year, and has drawn investigations for corruption and mismanagement. The town was decimated by flooding from Hurricane Floyd 14 years ago.
Electronic records slow growth at Wake Forest Baptist
April 8, 2013
(Winston-Salem Journal)
Wake Forest Baptist Medical Center said its efforts to convert to electronic medical records contributed to cost overruns and lost revenues during the first six months of the 2012-13 fiscal year.
Asheville's South Slope gears up for new businesses
April 8, 2013
(Asheville Citizen-Times)
A slew of projects are in the works for Asheville's South Slope, with several restaurants and condos planned just south of downtown Asheville.
