Business

Allscripts cuts 60 jobs in Raleigh

May 19, 2015

(The News & Observer, Raleigh)

Chicago-based Allscripts laid off 60 people at its Raleigh office as part of company-wide staff cuts. The company, which develops electronic medical records, was awarded up to $5.35 million in state incentives in 2013 if it agreed to add 350 jobs to its 1,266 by 2017.

Heritage Home seeking new CEO

May 19, 2015

(Winston-Salem Journal)

Heritage Home Group named Richard Lozyniak interim CEO, replacing Ira Glazer, who held the position for 18 months. Lozyniak also will become a director and will assist with the search for a permanent CEO at the High Point-based furniture company.

Sale of Charlotte Observer building imminent

May 19, 2015

(The Charlotte Observer)

Charlotte-based developer Lincoln Harris is expected to sign a deal this week to buy The Charlotte Observer's 9.4-acre downtown property. The site, near Bank of America stadium and Duke Energy Center, is owned by the pension fund of McClatchy, the newspaper's parent company.

Raleigh ranks No. 1 on list of Best Cities for Jobs

May 19, 2015

(The News & Observer, Raleigh)

Raleigh was the only North Carolina city on Glassdoor's inaugural 25 Best Cities for Jobs report. The website, which provides employer reviews and salary information, ranked cities using factors including how easy it is to get a job, cost of living and employee satisfaction. Kansas City, Mo., ranked No. 2.

Judge asks for November trial in ZeekRewards case

May 19, 2015

(Winston-Salem Journal)

U.S. attorney Jill Rose is requesting the trial of ZeekRewards founder Paul Burks begin in November. Burks was indicted in October on charges related to the Lexington-based Ponzi scheme that raised $850 million from at least 2.2 million customers. Burks' hearing has been delayed four times.

Airbnb to collect and pay sales, hotel taxes in NC

May 19, 2015

(The News & Observer, Raleigh)

Airbnb, the online short-term property rental site, will begin collecting sales and hotel occupancy taxes in Buncombe, Durham, Mecklenburg and Wake counties on June 1.

Asheville's Biltmore Village attracts new merchants

May 19, 2015

(Asheville Citizen-Times)

Asheville's historic Biltmore Village is thriving, with nine new independent merchants slated to open by June. Retail shops and restaurants there have reported a 5 to 20% increase in sales from 2013-14.

AG Cooper sues FCC over Wilson broadband ruling

May 18, 2015

(WRAL TechWire)

N.C. Attorney General Roy Cooper has filed a lawsuit against the Federal Communications Commission over the agency's decision to allow the city of Wilson to expand its municipal broadband network outside the city limits (Statewide, March).

Shareholders question NewDominion's plan to raise capital

May 18, 2015

(The Charlotte Observer)

Leaders of Charlotte-based NewDominion Bank plan to raise capital by issuing millions of preferrred shares to the bank's largest investors, and some say the proposal puts common shareholders at a disadvantage. One of three community banks based in Charlotte, NewDominion has not posted an annual profit since 2008.

What top Triad executives earned in 2014

May 18, 2015

(Winston-Salem Journal)

An analysis of the 10 highest-paid executives of companies with a major presence in the Triad shows each received at least $10 million in total compensation in 2014, though base salaries weren't the largest part of their pay packages.