Hamilton Business News
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Hamilton Business News
Your Portal for Business News in the Carolinas.
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CDC : Corridor : Benefitfocus Announces New Engineering Scholarships

Benefitfocus has created a scholarship program to provide funding for computer engineering students. Clemson University’s College of Engineering and Science will be the first school to receive funding, starting this semester.


“Technology is changing almost every aspect of our world, and Benefitfocus is committed to supporting the minds of future generations,” said Shawn Jenkins, Benefitfocus President and CEO. “At Benefitfocus, we want to ensure students have the support they need to enter this rapidly-evolving industry,” said Jenkins.

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AW North Carolina: We did not ask for corporate incentives - Triangle Business Journal

When AW North Carolina announced in 2010 that it would be investing $100 million to open a new production line at its automotive parts plant in north Durham, one thing missing from the company’s announcement was any mention of state or local economic development incentives.


That’s because the company never asked for any, Will Collins, vice president at AW North Carolina’s manufacturing plant in Treyburn Corporate Park in north Durham told the Triangle Business Journal. “We didn’t want to pursue anything that might be questionable,” Collins said.

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Report: Charlotte's metro population grows to 1.84 million - Charlotte Business Journal

The population in the Charlotte metro area has swelled to about 1.84 million, up from the U.S. Census count of 1.76 million in April 2010, according to new estimates by On Numbers.

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Venture capital market plunges

Venture capital market plunges | Hamilton Business News | Scoop.it

Triangle companies seeking money to expand raised $280.9 million in venture capital last year, a 12-percent decline that ran counter to the national trend.


After a strong first half of the year, the local venture capital market dropped significantly.


"Not a good year for VC investing," said Laura Hoke, a partner in the Raleigh office of accounting firm PricewaterhouseCoopers. "I don't know any way to say it other than that."

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Backers, critics of Duke's Lee nuclear plant clash at hearing

Backers, critics of Duke's Lee nuclear plant clash at hearing | Hamilton Business News | Scoop.it

GAFFNEY, S.C. A thirst for jobs clashed with the fear of nuclear power in the first of two hearings Thursday on the Lee nuclear plant Duke Energy hopes to build 50 miles southwest of Charlotte.

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'Innovation Summit' kicks off Raleigh startup, emerging company drive :: Editor's Blog at WRAL Tech Wire

'Innovation Summit' kicks off Raleigh startup, emerging company drive :: Editor's Blog at WRAL Tech Wire | Hamilton Business News | Scoop.it

RALEIGH, N.C. — City leaders and North Carolina State University are looking to creare a “unified vision” for developing Raleigh as an “Innovation Center” with an "Innovation Summit" on Wednesday.

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Developer sued by bank for default

Developer sued by bank for default | Hamilton Business News | Scoop.it

Bank of America is suing Brunswick County developer Mark Saunders and several companies associated with him, charging they have defaulted on about $78 million in debt.

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WSJ: BofA could retreat, Brian Moynihan's hold on CEO job 'delicate' - Charlotte Business Journal

You can be sure there are some uncomfortable conversations at Bank of America heading into this three-day weekend.


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At Launch Day, six startups tout their promising potential :: The Skinny at WRAL Tech Wire

At Launch Day, six startups tout their promising potential :: The Skinny at WRAL Tech Wire | Hamilton Business News | Scoop.it

DURHAM, N.C. – Earlier this week, I described Thursday night’s “Launch Day” as the return of startup madness. Well, by golly, that wasn’t hype.


A crowd of some 200 people showed up at Bay 7 in the American Tobacco Historic District to listen six Triangle-based startups make their case for investment dollars. The group of entrepreneurs made brief what you would call “elevator pitches” then took questions from the audience. Afterwards, they went one-on-one with people who wanted to follow up, exchange business cards and perhaps take the first steps toward a deal.

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Chapel Hill pharma Cempra prices IPO - Triangle Business Journal

Chapel Hill-based pharmaceutical company Cempra has priced its upcoming initial public offering at between $11 and $13 a share, according to a filing Friday with the U.S. Securities and Exchange Commission

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Company lets soldiers create their own camo

Company lets soldiers create their own camo | Hamilton Business News | Scoop.it

K. Dominic Cincotti and Cathlena Spencer are working to make soldiers invisible even as their Wilmington company is emerging into plain sight.


Special Operations Apps is in the business of providing custom camouflage to military men and women, but you'll find no needle or thread in the company's Front Street office.

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Entrepreneurs' hopes ride on the winds

Entrepreneurs' hopes ride on the winds | Hamilton Business News | Scoop.it

A 22-year-old French entrepreneur and a 53-year-old shade tree mechanic from Whiteville have formed an unlikely alliance in an even unlikelier effort to harness wind energy in North Carolina.

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International firm buys Mount Pleasant insurance broker

A Mount Pleasant retail insurance broker has been acquired by a publicly-traded company based in Illinois that specializes in insurance and risk management.

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BB&T earnings up for 4Q, year - Charlotte Business Journal

BB&T earnings up for 4Q, year - Charlotte Business Journal | Hamilton Business News | Scoop.it

BB&T Corp . posted fourth-quarter net income of $391 million, up 88% from $208 million in last year’s quarter. Earnings per diluted share were 55 cents, an increase of 83% from 30 cents in the fourth quarter of 2010.

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Three Triad business leaders visit White House

Three Triad business leaders were among the North Carolina voices heard by Obama administration staffers last week as they discussed the financial and regulatory challenges facing small businesses.

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Aggressive growth still in the plans for Family Dollar

Aggressive growth still in the plans for Family Dollar | Hamilton Business News | Scoop.it

Matthews-based Family Dollar plans to continue aggressive growth in the current fiscal year, CEO Howard Levine told investors at the company's annual shareholder meeting Thursday.


Family Dollar plans to open 450 to 500 new stores this year. The retailer currently operates about 7,100 stores. Levine said the company plans to open its 11th distribution center this year, to serve its stores in California as it ramps up new locations there.

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Bank of America reverses loss, posts $1.6 billion gain

Bank of America reverses loss, posts $1.6 billion gain | Hamilton Business News | Scoop.it

Bank of America Corp. posted a fourth-quarter profit Thursday as it continued to shed assets, streamline operations and rebuild core businesses in a slowly improving economy - a bright ending to a year fraught with barbs and barriers.

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King Street dining expands | The Post and Courier, Charleston SC - News, Sports, Entertainment

The dining menu continues to grow on upper King Street.


Stars, a dinner-only restaurant with a rooftop bar, announced plans to open in April at 495 King St. in a former antique store.

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BASF Plant Science relocating headquarters to RTP from Germany | newsobserver.com blogs

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Developer selected for South Elm project in Greensboro - Greensboro - The Business Journal

The Greensboro Redevelopment Commission has selected a Durham-based group with Greensboro partners to develop land at South Elm and Lee streets, and hopes to have a development agreement signed off on within a matter of months.

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Westdale groups pay $48.5M for two Durham apartment communities - Triangle Business Journal

The Chicago real estate firm Westdale Investment Partners has gone on a shopping spree in Durham during the past three weeks, participating in deals for two apartment communities that sold for nearly $48.5 million.

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Slideshow: Top 10 luxury home sales in 2011 - Triangle Business Journal

Sure the past several years have been tough for real estate, especially for the luxury home market, but a few Triangle natives and newcomers alike were able to use this to their advantage when it came to buying a luxury home in 2011.

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K&W Cafeterias turns 75

K&W Cafeterias Inc. has been feeding people for 75 years.


The family-owned company, which is celebrating its milestone anniversary with specials throughout the year, started in 1937 during the Great Depression with one restaurant on Cherry Street in downtown Winston-Salem.

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Bank of America in spotlight as earnings season begins

Bank of America in spotlight as earnings season begins | Hamilton Business News | Scoop.it

The nation's biggest banks have started reporting their earnings, and few will be scrutinized more than Bank of America Corp., which has drawn notice lately for its climbing stock price and continued challenges.

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