Business

Merger boosts net income for Raleigh's First Citizens

May 8, 2015

(The News & Observer, Raleigh)

First Citizens Bank nearly tripled its first-quarter net income to $63.8 million, due primarily to its recent merger with South Carolina-based First Citizens Bank and Trust and its acquisition of Atlanta-based Capitol Bank & Trust.

Tourism spending tops $21 billion

May 7, 2015

(Winston-Salem Journal)

Tourism spending in the state reached a record $21.3 billion in 2014, a 5% increase over the previous year, according to the N.C. Department of Commerce. The industry supported more than 200,000 jobs for the first time.

Bojangles' to offer more shares in IPO

May 7, 2015

(The Charlotte Observer)

Charlotte-based Bojangles' increased the number of shares it will sell in its IPO, expected to be Friday, from 6.25 million to 7.75 million. The fast-food restaurant chain also upped the price range to $18 to $19 per share from $15 to $17.

Asheville restaurateurs: Lower taxes would help with wage issues

May 7, 2015

(Asheville Citizen-Times)

Asheville restaurant owners say there's no quick fix to wage disputes in the industry, particularly in a city where a rising cost of living forces many workers to live outside the city limit.

Sweepstakes software companies to cease operations in NC

May 7, 2015

(The News & Observer, Raleigh)

Five companies that provide software for video sweepstakes games agreed to stop operating in North Carolina by July 1. In exchange, prosecutors won't seek criminal charges against the companies.

Rex Hospital could have lost federal funding over incident with violent patient

May 7, 2015

(The News & Observer, Raleigh)

Rex Hospital in Raleigh came close to losing federal funding over its treatment of a violent, mentally ill patient during a 2 1/2-week period in January and February. A federal probe showed the hospital failed to provide a safe environment for the patient, who was kept in restraints for extended periods of time and was twice subdued with a Taser gun.

Animal-rights group alleges abuse at Robeson plant

May 7, 2015

(The Fayetteville Observer)

A group called Compassion Over Killing released a video Monday alleging that workers at a Mountaire Farms plant in Robeson County illegally abused chickens. The group had someone obtain a job at the plant to act as an undercover investigator.

No large protests expected for Duke Energy's annual meeting

May 7, 2015

(The Charlotte Observer)

Duke Energy shareholders will gather in downtown Charlotte Thursday for the company's annual meeting.

UNC medical school considers Wilmington branch campus

May 7, 2015

(StarNews, Wilmington)

The UNC School of Medicine is looking at opening a campus at New Hanover Regional Medical Center in Wilmington. The school has similar campuses in Asheville and Charlotte.

Charlotte office tower sells for $108M

May 6, 2015

(The Charlotte Observer)

A 20-story office tower in downtown Charlotte has sold for nearly $108 million. The 565,000-square-foot building is 83% leased, with Bank of America as its largest tenant. The buyer is a corporation affiliated with Cornerstone Real Estate Advisers.