Business

Another grocery store proposed for Friendly site in Greensboro

December 11, 2014

(News & Record, Greensboro)

An Atlanta developer wants to build a shopping center anchored by a grocery store at the corner of Hobbs Road and Friendly Avenue in Greensboro. Earlier this year, a different developer proposed building a Trader Joe's grocery store at the site but was forced to drop its plans after neighbors protested the rezoning.

American Airlines adds second flight from Wilmington to NYC

December 11, 2014

(StarNews, Wilmington)

American Airlines plans to add a second daily nonstop flight from Wilmington to New York City in February.

Sanderson Farms plant back on the table in Cumberland

December 11, 2014

(The Fayetteville Observer)

Cumberland County commissioners will hold a public hearing in January on whether to offer incentives for Sanderson Farms to open a $113 million chicken plant that would create about 1,000 jobs. The board informally voted against offering incentives prior to November's election, but two new commissioners have since joined the board.

Reynolds, BAT file requests for lawsuit dismissal

December 11, 2014

(Winston-Salem Journal)

Winston-Salem based Reynolds American and British American Tobacco filed requests this week for the N.C. Business Court to dismiss a lawsuit attempting to block Reynolds' pending acquisition of Greensboro-based Lorillard.

Bank of North Carolina names new market president

December 11, 2014

(The Charlotte Observer)

Bank of North Carolina named Rob Ellenburg president of its North Carolina southern region, which includes the Charlotte area as well as Buncombe and Henderson counties. He replaces Bill Connolly, who is now chief commercial banking officer. BNC Bancorp, parent company of the High Point-based bank, is the ninth largest bank in the Charlotte region by deposits.

High Point University to receive its own zip code

December 11, 2014

(High Point Enterprise)

Starting in 2015, High Point University will have its own unique zip code. A surge in enrollment in recent years has led to the university receiving 93,000 packages this year, compared with 12,000 in 2007.

Entrepreneurs struggle to get loans

December 11, 2014

(Asheville Citizen-Times)

Small businesses in Western N.C. – even those with a track record of success – find it difficult to obtain funding through traditional small-business loans.

Economist predicts 'robust' year in 2015

December 10, 2014

(The Charlotte Observer)

UNC Charlotte economist John Connaughton predicts unemployment rates in North Carolina will continue to fall in 2015 while wages will rise. In his quarterly state economic forecast, Connaughton said falling gas prices will allow consumers to spend more on discretionary items, contributing to economic growth.

Duke Energy gets federal OK in $1.2B power plant deal

December 10, 2014

(The News & Observer, Raleigh)

Federal regulators approved a $1.2 billion deal that will allow Duke Energy Progress to buy back four power plants that supply electricity to 32 towns in central and eastern N.C. The towns took on $3.6 billion in debt to buy minority stakes in the power plants in 1982, and their customers have paid an average of $240 to $600 more a year for electricity than Duke Progress customers (Statewide, September).

Three NC college presidents earn more than $1M

December 10, 2014

(News & Record, Greensboro)

Presidents of three private universities in North Carolina – High Point University, Duke University and Wake Forest University – were among 36 nationwide who received more than $1 million in total compensation in 2012, according to a report from Washington, D.C.-based Chronicle of Higher Education