Business

Durham ad agency lands Crocs account

November 12, 2014

(The News & Observer, Raleigh)

Durham-based advertising agency McKinney will handle global advertising for Crocs, the Colorado-based footwear company whose plastic clogs soared to popularity in the U.S. more than a decade ago. McKinney employs 160 people in Durham and 30 at a New York office. 

German manufacturer investing $23M in Huntersville plant

November 11, 2014

(The Charlotte Observer)

A German valve-maker will build a $23 million plant and add 61 jobs over the next five year in Huntersville. Bürkert Fluid Control Systems will relocate to Huntersville from Charlotte, where it employs 66. Bürkert makes valves, sensors and other products used in water treatment plants, medical equipment and food and beverage processing equipment.

Report shows wealthy investors prefer BofA, Wells Fargo

November 11, 2014

(The Charlotte Observer)

A new report shows a combined 32% of investors with a net worth between $5 million and $25 million prefer Charlotte-based Bank of America and San Francisco-based Wells Fargo as their primary bank. New York-based JPMorgan Chase & Co. came in third.

Lumber company adding 114 jobs in Graham County

November 11, 2014

(Asheville Citizen-Times)

Oak Valley Hardwoods, a Charlotte-based subsidiary of China-based Tides and Times Group USA, will create 114 jobs and invest more than $10.1 million in a lumber operation in Robbinsville. The company will take over the former Stanley Furniture factory, where 400 workers – about 13% of the workforce in Graham County – lost their jobs when the company shuttered the plant earlier this year (Statewide, May).

Old Dominion announces $200M stock buyback program

November 11, 2014

(Winston-Salem Journal)

Old Dominion Freight Line's board of directors announced a stock repurchase program of up to $200 million over two years. The Thomasville-based trucking company reported $2.07 billion in revenue for the nine-month period ended Sept. 30, compared with $2.34 billion for all of fiscal 2013.

DOT plans improvements to Raleigh's Wade Ave. area

November 11, 2014

(WRAL.com)

The N.C. Department of Transportation will hold a public meeting Wednesday to present a $92 million plan for improvements to a 3.5-mile stretch of Interstate 440 in Wake County. Plans include expanding the road from two lanes to three, adding interchanges and replacing bridges. 

TBS to film TV pilot in Wilmington

November 11, 2014

(StarNews, Wilmington)

TBS will film a pilot for a TV comedy series in Wilmington in December. The untitled pilot will will be one of the last film projects to take advantage of North Carolina's 25% tax credit, which expires Dec. 31.

Greensboro Partnership to unveil collaboration space

November 11, 2014

(News & Record, Greensboro)

The economic-development organization will host the grand opening of CoLab, a co-working space for entrepreneurs in downtown Greensboro, on Nov. 17.  

UNC Pembroke chancellor to retire

November 11, 2014

(The Fayetteville Observer)

UNC Pembroke Chancellor Kyle Carter announced Monday he will retire June 30, 2015 after five years in the post. 

Belk to close Biltmore Square store by January

November 11, 2014

(Asheville Citizen-Times)

Charlotte-based Belk will close its retail store at Asheville's Biltmore Square Mall by the end of January, a company spokeswoman said. The mall is being transformed into an outlet center that is expected to open in the spring. Belk has another local store at Asheville Mall on Tunnel Road.