Business
Uwharrie Capital reports lower profit
May 10, 2013
(The Charlotte Observer)
Albemarle-based Uwharrie Capital reported that net income fell 7% in the first quarter compared to the year before.
Murdock gives $50M more for Kannapolis research campus
May 9, 2013
(The News & Observer, Raleigh)
Dole Foods chairman and billionaire David Murdock donated $50 million to the Kannapolis nutrition research campus. Murdock has already given more than $700 million for the project.
BofA CEO tells shareholders 'we are moving forward'
May 9, 2013
(The Charlotte Observer)
Bank of America CEO Brian Moynihan told shareholders at the bank's annual meeting that the company needs to focus on basics such as mortgage and car loans and debit and credit cards to continue achieving better profits.
Fayetteville manager pitches idea to revitalize neighborhoods
May 9, 2013
(The Fayetteville Observer)
Fayetteville's city manager has floated an idea to establish a $1 million fund that would help acquire blighted properties and flip them to investors. The plan would aim to help revitalize older neighborhoods.
Software company adding 350 jobs in Raleigh
May 9, 2013
(The News & Observer, Raleigh)
Medical-software company Allscripts will add 350 to its local workforce of 1,266 as it consolidates operations from across the country.
House speaker: Charlotte airport authority bill likely to change
May 9, 2013
(The Charlotte Observer)
N.C. House Speaker Thom Tillis said a measure to convert Charlotte's airport to an independent authority is still on the table but will likely change form and could carry into the next session of the legislature if necessary.
Boone developer withdraws plan for mixed-use community
May 9, 2013
(The Watauga Democrat)
Boone developer Templeton Properties will withdraw its $18.9 million offer to purchase the former Watauga High School property for a mixed-use development because of changes to the city's multi-family housing regulations.
Wilson home sales rise
May 9, 2013
(The Wilson Times)
Home sales in Wilson County rose 10% from January through April compared to the year before, a sign that optimism is increasing, though many buyers are staying in smaller homes rather than trading up.
Salisbury-filmed TV show likely to be picked up
May 9, 2013
(The Salisbury Post)
Trade publications say the Salisbury-filmed Sleepy Hollow stands a good chance of its pilot being picked up for a full season by Fox. It's unclear if the drama would continue to be filmed in the Charlotte region though.
CEO of Food Lion parent to step down
May 9, 2013
(The Salisbury Post)
Belgium-based Delhaize Group, parent of Salisbury-based grocer Food Lion, said CEO Pierre-Olivier Beckers will step down by the end of the year. That came as the company reported stronger revenue and said its rebranded Food Lion stores were continuing to perform well as it seeks to overhaul more of them.
