Business
Legislature's policies target cities
April 1, 2013
(The Charlotte Observer)
Several GOP-led measures in the state legislature this year have sought to strip power from cities, reflecting the party's belief that municipalities are overreaching their power. It also shows how the Democratic core of urban areas have fallen after Democrats lost power in 2010.
Novant increasing cancer drug trials
April 1, 2013
(Winston-Salem Journal)
Winston-Salem-based Novant Health is launching a new institute co-run by Forsyth Medical Center and Presbyterian Hospital in Charlotte that will increase the number of clinical trials that focus on oncology.
Corporate sponsorships could ward off ferry rate hikes
April 1, 2013
(StarNews, Wilmington)
Several coastal lawmakers want to deter rate hikes on the state's ferries by allowing corporate sponsorships of the vessels. Fares are set to increase on five routes July 1.
Unemployment-insurance bill will pinch city budgets
April 1, 2013
(The Times News, Burlington)
A provision in a recently passed unemployment-insurance bill requires municipalities to set aside reserves based on their number of employees.
Home sales off to a quick spring start in Charlotte
April 1, 2013
(The Charlotte Observer)
Evidence suggests an improved spring-selling season for Charlotte homes as multiple offers are becoming more common as inventory drops. But homes are still selling for relatively low prices.
Mission continues expansion with neonatology expansion
April 1, 2013
(Asheville Citizen-Times)
Mission Health plans to take over Asheville Neonatology and its five physicians, another move as it snaps up more practices.
North Carolina unemployment falls slightly in February
March 29, 2013
(The News & Observer, Raleigh)
North Carolina's unemployment fell slightly to 9.4% in February but was only slightly better than the 9.5% rate from a year before.
BofA chief's pay rose 70% in 2012
March 29, 2013
(The Charlotte Observer)
Charlotte-based Bank of America increased the compensation of its CEO Brian Moynihan 70% to $12 million in 2012, rewarding him for a slimmer bank that recorded better profits. The figure includes base salary, stock awards and other compensation.
Wilmington commercial market faring well but pipeline slow
March 29, 2013
(StarNews, Wilmington)
Wilmington's commercial real-estate market has rebounded with several large retail projects, but at least one prominent expert thinks there is room for concern because of a slow pipeline.
Real-estate investment firm buys Etowah country club
March 29, 2013
(The Times-News, Hendersonville)
Asheville-based Hi-Alta, a real-estate investment firm, purchased Etowah Valley Country Club for an undisclosed amount. The club previously filed for Chapter 11 bankruptcy and was in danger of closing.
