Posted on 2/11/18
Lincoln County, NC Continues to Grow Businesses, Education, and Housing
Lincoln Economic Development Association (LEDA) continues their focus on commercial, residential, and educational development throughout Lincoln County. 3PM Brewing Co. has announced plans to open its . . .
Posted on 2/11/18
Alliance One Shares Rise Nearly 30 Percent on Plans to Expand into e-liquids, Hemp and Cannabis
Alliance One International Inc., which provides tobacco to cigarette manufacturers, saw its shares rise by nearly 30 percent in pre-market trading after it disclosed plans to . . .
Posted on 2/11/18
Survey: Charlotte Ranks Sixth in Revenue Per Employee
Charlotte ranks sixth in the revenue per employee of middle market firms among the 25 largest U.S. metropolitan areas, according to the American Express Middle Market . . .
Posted on 2/11/18
Supermarket Chain Ingles Reports Earnings Boost Due To Tax Bill
Ingles Markets Inc., a regional supermarket chain based in Asheville, N.C., reported a 227 percent increase in its first-quarter profit, thanks to benefits from the new . . .
Posted on 2/7/18
CIT Serves As Sole Lead Arranger of $46.5 Million Financing for Cypress Creek Renewables
CIT Group Inc. (NYSE: CIT), a leading provider of commercial lending and leasing services, today announced that its Commercial Finance division's Energy Finance business served as . . .
Posted on 2/7/18
Live Oak Eliminates Role Of COO
Live Oak Bancshares, Inc., the bank holding company for Live Oak Banking Co., eliminated the role of chief operating officer, according to a filing Tuesday with . . .
Posted on 2/7/18
Wienerberger Optimizes Global Purchasing with JAGGAER
VIENNA, Austria and RESEARCH TRIANGLE PARK, N.C., Feb. 06, 2018 (GLOBE NEWSWIRE) -- JAGGAER, the world’s largest independent spend management company, has launched a new international . . .
Posted on 2/6/18
Premier to Cut 75 Employees, Costing $5.2 Million
Premier Inc., a health care improvement company based in Charlotte, will cut 75 employees, costing the company $5.2 million, according to a filing with the Securities . . .
Posted on 2/5/18
Waterstone Defeasance Closes on a $17.0 Million CMBS Loan
CHARLOTTE, N.C., Feb. 05, 2018 (GLOBE NEWSWIRE) -- Waterstone Defeasance recently closed a defeasance transaction for a $17 million CMBS loan, secured by a suburban office . . .
Posted on 2/5/18
Why Babcock & Wilcox Stock Bit the Dust on Friday
What happenedShares of power equipment maker Babcock & Wilcox Enterprises (NYSE:BW) tumbled in Friday trading, closing down 13% after the company announced that current CEO Jim . . .
Posted on 2/4/18
Qorvo Stock Jumps After Beating on Third-quarter Revenue
Qorvo Inc., a semiconductor company, saw its stock price jump after it reported better-than-expected revenue, according to a filing with the Securities and Exchange Commission.The company . . .
Posted on 2/4/18
Money Manager Cuts its Holdings in Xerium Technologies to 5.4 Percent
Tocqueville Asset Management cut its stock holdings in Xerium Technologies Inc. to 5.37 percent, according to a filing from the Securities Exchange Commission.New York-based Tocqueville Asset . . .
Posted on 2/2/18
ARMA Global to Lay Off 99 in the Fayetteville Area
Military technology company ARMA Global Inc. will lay off 99 employees at its site in Fayetteville, North Carolina.The layoffs come as ARMA Global will lose its . . .
Posted on 2/2/18
Management Matters: Successful Change Requires Triple Focus
Has your organization hit a point where the status quo, a place where things stay the same doesn’t feel competitive? Most organizations eventually comes to a . . .
Posted on 2/2/18
KEMET Announces Chinese Manufacturing Joint Venture
GREENVILLE, S.C., Feb. 01, 2018 (GLOBE NEWSWIRE) -- KEMET Corporation (NYSE:KEM), a leading global supplier of passive electronic components, today announced the formation of a joint venture . . .
Posted on 2/2/18
Charles & Colvard Rises 11 Percent After Reporting Strong Sales Growth
Shares of artificial diamond marketer Charles and Colvard Ltd. rose more than 11 percent in after-hours trading after it reported at least a 36 percent increase . . .
Posted on 2/1/18
Lowe’s to Pay New COO a $725,000 Salary
Home improvement company Lowe’s Cos. reported Wednesday it will pay its new Chief Operating Officer Richard Maltsbarger a base salary of $725,000 per year in a . . .
Posted on 1/31/18
Rocky Mount Becomes First City in NC to Adopt Otocast Mobile App for Sculpture Exhibitions
Rocky Mount has become the first city in the state to adopt Otocast, a free mobile app for audio guides. Alicyn Wiedrich, art curator for the . . .
Posted on 1/30/18
UNC-Chapel Hill Researchers Receive Patent For New Lithography Technology
A group of nine researchers from UNC-Chapel Hill, Duke University and the University of California received a patent grant for methods for fabricating isolated structures using . . .
Posted on 1/29/18
First Bancorp Misses Analyst’s Expectations in Fourth Quarter
First Bancorp Inc., the parent company of First Bank, reported fourth quarter earnings Monday that missed analysts expectation despite two acquisitions in the last year.The bank’s . . .
Posted on 1/29/18
VF Corporation: Way Overvalued
Since the retail sector saw a wholesale rally in the last six months, mispricing in individual tickers has also been rampant. Updates in the ICR conference . . .
Posted on 1/27/18
Level Brands Gives Major Raises to CEO and CFO
Level Brands Inc., a Charlotte-based branding and marketing company, has given its CEO and chief financial officer raises and bonuses.Martin Sumichrast, CEO and president of Level . . .
Posted on 1/26/18
What To Make Of Albemarle's Selloff? A Buying Opportunity
There seems to be no other explanation for the huge drop we are seeing in Albermarle's (ALB) stock price aside from the overall negative mood surrounding . . .
Posted on 1/25/18
Yarn Producer Unifi Reports Strong Second-quarter Earnings
Synthetic and recycled yarn producer Unifi Inc. reported second quarter earnings Thursday that beat analyst expectations, spurred by a 7.9 percent sales increase.Earnings per share totaled . . .
Posted on 1/25/18
App State to Receive $1.5 Million After Construction Company Fraud
Appalachian State University will receive over $1.5 million from the U.S. Attorney’s Office after it accidentally paid a fake construction company, according to a press release . . .
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