Business

Burns & Wilcox to open Wilmington office

May 20, 2014

(Greater Wilmington Business Journal)

Burns & Wilcox will open a 2,500-square-foot office near UNC Wilmington. The Michigan-based insurance and brokerage company already has offices in Charlotte and Morehead City.

Belk closing Greensboro store

May 20, 2014

(News & Record, Greensboro)

Belk will close its store at Greensboro's Four Seasons Mall in February 2015 to focus on a new store in High Point and a renovated Friendly Center location. All 58 employees may apply for jobs at other Belk locations.

NC unemployment rate falls to 6.2% in April

May 16, 2014

(The News & Observer, Raleigh)

North Carolina's jobless rate fell for the 24th consecutive month to 6.2% in April. That's down from 6.3% in March and 8.4% a year ago. The national unemployment rate in April was 6.3%.

AG Cooper sues Chicago debt-resolution firm

May 19, 2014

(The News & Observer, Raleigh)

North Carolina Attorney General Roy Cooper filed a lawsuit alleging a Chicago-based debt settlement company illegally scammed 412 state residents out of more than $1.1 million. The lawsuit, filed Friday, claims Legal Helpers Debt Resolution collected the money between 2010 and 2012 as advance fees for services it never provided.

BofA leads all banks with most consumer deposits

May 19, 2014

(The Charlotte Observer)

Bank of America holds more personal deposits than any other bank in the nation, according to a federal filing that requires banks with more than $1 billion in assets to disclose what portion of their deposits are from individuals and families. The Charlotte-based bank reported $464 billion in consumer deposits. San Francisco-based Wells Fargo & Co. was second with $412 billion. 

Winston-Salem mulls allowing golf-carts on city streets

May 19, 2014

(Winston-Salem Journal)

Winston-Salem will consider allowing the use of golf carts in its central business district. A couple has proposed a golf-cart shuttle business similar to others operating in Nashville, Tenn. and Denver that would provide transportation for people from parking decks to their destinations. 

UNC Wilmington CFO moving to UNC Greensboro

May 19, 2014

(Greater Wilmington Business Journal)

Charles Maimone is leaving UNC Wilmington and will become vice chancellor for business affairs at UNC Greensboro. Maimone has held the same position at UNC Wilmington for six years, where he also managed a $268 million operating budget as chief financial officer.

Triangle app startups look for ways to get noticed

May 19, 2014

(The News & Observer, Raleigh)

Triangle app companies discover that while starting a business is easy, developing innovative apps and figuring out how to make a profit from free or low-cost apps are the biggest challenges.

ECU announces eighth community dental center

May 19, 2014

(The Daily Reflector)

East Carolina University will open its eighth dental-care clinic in Brunswick County by summer 2015. The School of Dental Medicine already operates four community clinics and has three more in development. The clinics allow students to gain practical experience while providing dental care to underserved communities.

NC considers tax on e-cigarettes

May 16, 2014

(The Charlotte Observer)

State legislators are considering a tax on e-cigarettes after Winston-Salem-based Reynolds American proposed a bill that would tax them at a much lower rate than traditional cigarettes. The bill, which would impose a 5-cent tax per milliliter of liquid nicotine compared with a 45-cent tax per pack of traditional cigarettes, was approved by the House Finance Committee and will go the House next week.