Latest North Carolina News
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Cary’s Ply Gem clears final hurdle
Cary-based Ply Gem Holdings, which wants to raise $345 million in an initial public offering, has received its final registration approval from ...
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LexisNexis Cary division upgrades law firm software
The business data company LexisNexis is upgrading its Firm Manager software with a new tool to allow lawyers to share documents with each other and their clients via the Internet, managers said Monday. The new version of Firm Manager includes WatchDox, a file-sharing capability that's similar in concept to the popular Dropbox ...
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Senior housing property sells for $31 million
A Georgia senior housing firm has bought the Manor Village at Preston apartment community in Morrisville for $31 million. The 166-unit community has been renamed as Preston Pointe. It was a unit of Rauls Convalescent Home Inc. of Macon, Ga., that purchased the property from Manor Village Life ...
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NC towns clock heading to museum after 97 years
http://bit.ly/115AHiT ) city officials have scrapped an idea to refurbish a clock attached to the local three-story bank building because it would be too ...
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Lagging sales prompt Lenovo layoffs here
Ray Gorman says can be attributed to a slowing PC industry. With 90 percent of Lenovo's business in the PC arena, the company is feeling the heat of declining numbers, he says. "To help meet these shifts in our industry, achieve our goals and beat market expectations, we need to continue to invest in these high-growth areas, what we call PC Plus, while reducing our expenses and cost ...
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Can Tumblr make Yahoo ‘cool’
Will Yahoo's Tumblr buy make the Internet giant relevant to the Triangle's young and tech-savvy generation? That's something experts such as University of Warwick Business School ...
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Duke University dean with advice for MBA graduates
asked its Associate Dean for Career Management Sheryle Dirks about what MBA graduates should expect in the workforce, and how potential students should think about their careers. Here's an edited version. ...
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Autopsy Mentally ill man shot four times by law enforcement
Raleigh, N.C. - A man with a mental illness who was shot by Wake County sheriff's deputies in March died of multiple gunshot wounds, including one at contact range, according to an autopsy report released Monday.Jonathan Lee Cunningham, 35, was being transported by a deputy to a Winston-Salem psychiatric facility on March 31 when he got into a fight with the deputy, took off in his patrol ...
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DT Cole ready to resurface
was helping the first team in NFL history to make the playoffs with a 7-9 record shock the world by knocking off the reigning Super Bowl champion New Orleans Saints.Now, some 28 months later, Cole is working feverishly to come out of nowhere again."I don't think words can really describe how excited I am to have another opportunity to get out on the football field," said Cole, who ...
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Leading budget writers offer details on $20.6 billion plan
RALEIGH The state Senate’s $20.6 billion budget proposal has no raises for state employees, puts new limits on health services for some Medicaid patients, and anticipates a tax cut. Leading senators discussed their reasoning behind the budget plan, which affects every taxpayer, public school student, and some businesses looking to move to the state. “We live within our ...
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Coastal Hampstead properties fall into bankruptcy
A Wilmington real estate company has put its properties in nearby Hampstead into bankruptcy reorganization, citing liabilities of between $5 million and $10 million. As is somewhat common for new Chapter 11 petitions, the one filed for S & R Grandview LLC on Thursday didnt provide a complete accounting of its assets and liabilities. Its properties are located on and near Grandview Drive and Iris ...
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Re-enactment marks 50th anniversary of NC march
CHARLOTTE, N.C. (AP) -- Some Charlotte residents are observing the 50th anniversary of a march that called for an end to segregation in North Carolina's largest ...
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Report How to squeeze $74B from Medicaid
report published by the Menges Group and sponsored by the Pharmaceutical Care Management Association (PCMA) found that upgrading management of drug benefits in state Medicaid programs nationwide could save $74.4 billion in a 10-year period without cutting either benefits or enrollees. By avoiding drug store overpayments, increasing the use of generics and promoting pharmacies that offer better ...
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Gartner NetApp EMC layoffs part of industry consolidation
Dave Russell , analyst at research firm Gartner took a few minutes to put the rumored 1,300 NetApp layoffs into perspective. He says he's hearing similar things to what has already ...
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Black jobless rate higher than for whites in N.C.
While the Tar Heel State's overall unemployment rate is improving, North Carolina has the fourth highest African American unemployment rate in the nation. That's according to a recent brief from the Economic Policy Institute. North Carolina's overall unemployment rate ...
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Sports store to open in Chapel Hill
Specialty fitness retailer TrySports, which closed its store at Raleigh's Crabtree Valley Mall last fall, is going to try again in the Triangle with a store planned at Chapel Hill's University Mall. The owner of University Mall has announced that Charlotte-based TrySports will open this fall in an 11,876-square-foot space near the Southern Season anchor store. TrySports offers ...
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Senate leaders explain budget plan
Raleigh, N.C. - State Senate budget writers say their $20.58 billion budget proposal is a balanced effort that meets "the fundamental responsibilities of state government" with resources currently available, while covering a big increase in Medicaid costs and providing funding for tax reform efforts. The budget team met with reporters Monday morning to answer questions about the ...
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Work resumes Tuesday on Concord road
CONCORD -- Work is scheduled to resume Tuesday on Old Charlotte Road in Concord, according to city officials. Crews are repairing the water line, and that work will force the closure of the northbound lane of Old Charlotte Road SW, between Meadowview Avenue SW and the Cabarrus Avenue roundabout. During the construction, which is expected to last about two weeks,. no northbound traffic will be ...
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Law enforcement backs NC attorney general on SBI
RALEIGH, N.C. (AP) -- North Carolina's Democratic Attorney General Roy Cooper is opposing a state Senate budget provision that moves much of an investigative unit from his department to one headed by an appointee of Republican Gov. Pat ...
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Durham buildings prepped for Duke’s use
There's something big happening behind those construction barriers set up around two old Liggett and Myers tobacco buildings in Durham's West Village. Construction workers for Lechase Construction have been moving in and out of both the Carmichael Building at 300 Duke St. and the old Liggett and Myers Research Building at 710 W. Main St. in recent weeks, but Duke University's ...
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I-40 west closed south of downtown Raleigh
Raleigh, N.C. - Interstate 40 westbound south of downtown Raleigh was closed Monday morning after a wreck near the split with Interstate 440 at mile marker 301. The road was expected to remain closed through the noon hour, according to the state Highway Patrol. Witnesses said the wreck involved a single tractor-trailer carrying bags of concrete. The driver told Highway Patrol that he ...
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Law enforcement authorities pan proposed SBI shift
Raleigh, N.C. - North Carolina Attorney General Roy Cooper and a number of local law enforcement officials from across the state on Monday criticized a Senate proposal to restructure the State Bureau of Investigation.The Senate budget plan rolled out Sunday night calls for moving most of the SBI from the Department of Justice and placing it under the control of the Department of Public Safety, ...
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Wells Fargo slows foreclosure sales BofA not so much
Three large banks have nearly halted their foreclosure sales while they make sure they are meeting revised standards on how troubled homeowners are to be treated. Wells Fargo & Co., JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on the how troubled borrowers were to be treated before losing their homes. But Bank of America ...
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Police Man held knife to womans neck at Rock Hill McDonalds
ROCK HILL A Rock Hill man faces armed robbery charges after police say he held a knife to a 65-year-old Chester County womans neck and demanded money while waiting in the drive-thru of a McDonalds on Sunday. Just before 5 a.m., police were called to the McDonalds on North Cherry Road, close to the interstate, where the woman said she was waiting in her car to order food at the drive-thru when ...
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Investors Title hits new high as home sales rebound
Title insurance companies have recovered along with the housing market. Stocks have bounced back to new highs since housing and the financial sector dragged the market into an abyss in 2009, and one of the strongest comebacks has been at Investors Title Co. (Nasdaq: ITIC), a title insurer based in Chapel Hill. The companys shares closed at a record high of $72 on Friday and went higher still, to ...
Digest Charlotte
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Middle and high school students becoming more isolated?
While the number of middle and high school students admitting to being bullied in surveys has gone up, the number of students actually reporting abuse is decreasing, suggesting that students may be withdrawing into themselves.
Students at Charlotte-Mecklenburg Schools get polled every two years by health officials in order to keep a watch on activities that might put them at risk, such as drug abuse, alcohol use, anti-social behavior and smoking. Read more
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