Business

Charlotte real-estate pros say condos could make a comeback

April 27, 2015

(The Charlotte Observer)

Developers say some high-end apartments under construction in the Charlotte area could eventually be converted to condominiums. Many condominium projects were converted to rental units during the recession, and obtaining financing for condo projects remains difficult.

NC ports on pace for record year

April 27, 2015

(StarNews, Wilmington)

The N.C. State Ports Authority reported a 20% increase in container volume in the third quarter compared with the same period a year ago, and the Port of Wilmington is on track to set a fiscal-year record. Container volume increased 34% in March.

Raleigh boosters push for more downtown retail

April 27, 2015

(WRAL.com)

Raleigh's center city needs more retail businesses, according to officials with the Downtown Raleigh Alliance. About 1,800 downtown housing units are under construction, which is expected to add an estimated 3,000 residents.

NC underperforms on financial scorecard

April 27, 2015

(The News & Observer, Raleigh)

North Carolina ranked near the bottom of the list in health care, small-business ownership and other metrics on the Corporation for Enterprise Development's Assets & Opportunity Scorecard, which evaluates how residents are faring economically.

California company bringing 250 jobs to Union County

April 24, 2015

(The Charlotte Observer)

O'Neil Digital Solutions will invest $140 million in a printing and data center operation in Monroe. The Los Angeles-based company plans to create 250 jobs with an average annual salary of $58,819. O'Neil will receive more than $5 million in state and local incentives.

Durham's Bronto Software sells for $200M

April 24, 2015

(The News & Observer, Raleigh)

California-based NetSuite will acquire marketing-technology company Bronto Software for $200 million. Founded 15 years ago, Bronto employs more than 250 people globally, including 220 in Durham. It will operate as a business unit of NetSuite, and no layoffs are expected.

Groups urge BofA shareholders to vote against directors

April 24, 2015

(The Charlotte Observer)

Two shareholder-advisory groups are recommending Bank of America stockholders vote against certain directors to show disapproval of a bylaw change that will allow CEO Brian Moynihan to become chairman. The company's annual meeting will be held on May 6 in Charlotte.

Self-Help Credit Union drops national affiliation

April 24, 2015

(Greater Wilmington Business Journal)

Self-Help Credit Union has dropped its national and regional credit-union affiliations. President Randy Chambers said last week that the national association's stance on policies regarding consumer protection had become counter to those of the Durham-based organization. Self-Help, which has assets totaling $675 million, is the second N.C. credit union to exit the national association; SECU dropped its membership in 2014.

Eden residents concerned about coal-ash landfill

April 24, 2015

(News & Record, Greensboro)

Duke Energy's possible plan to build a coal-ash landfill near a low-income neighborhood in Eden is facing resistance from residents and the leader of the local branch of the NAACP.

BB&T reports lower first-quarter profits

April 24, 2015

(Winston-Salem Journal)

BB&T reported net income of $488 million in the first quarter, down 1.6% from the previous year. Loan revenue dropped 5.7% to $1.21 billion, while fee revenue increased 7.6% to $997 million.