Newsroom
Amgen will invest additional $1 billion in NC, adding 370 jobs
Dec. 5. Amgen Inc., the biotech giant, will expand its biologics manufacturing operation in Holly Springs, creating 370 jobs. The company intends to invest $1 billion in Wake County. This brings the company’s total planned investment in Holly Springs to more than $1.5 billion, building on its previously announced $550 million commitment. Quotable —“North Carolina […]
You decide: Will prices decline?
Dec. 3. By Mike Walden. [Analysis] During the presidential campaign, both major candidates promised to lower prices if elected. Now that the election is over, will President-elect Trump be able to fulfill that promise? Background Before I address the question, let me remind you of some important terminology. There is a big difference between “inflation […]
New EVP/COO at Peoples Bank
Dec. 2. Carol Shinn is the new Executive Vice President/Chief Operations Officer at Newton-based Peoples Bank. With more than 35 years in the banking industry, Shinn joined Peoples Bank in 2015 having roles including Senior Vice President, Chief Information Officer, and Director of Deposit Operations. Peoples Bank has branches in Denver, Huntersville and Mooresville. Shinn […]
Meck County jobless rate rose slightly in October
Dec. 2. The Mecklenburg County unemployment rate rose slightly in October, to 3.3 percent, from 23.1 percent in September. Mecklenburg’s October rate was unchanged from one year ago. Unemployment rates increased in 91 counties statewide in October, decreased in three, and remained unchanged in six. The not seasonally adjusted statewide rate was 3.6 percent. For […]
RXO will add 216 new jobs
Noov. 27. RXO, a high-tech freight transportation broker, is investing $13.7 million more in its Ballantyne operations. It means 216 new jobs over the next several years. RXO focuses on tech-enabled brokered transportation. With proximity to key interstates, rail andd an international airport, Charlotte offers a primo environment for a broker of full-truckload freight. RXO’s […]
Trapped in the medical billing maze
One cancer patient’s fight to correct errors on her medical bills exemplifies frustrations shared by many. Nov. 26. [Analysis] By Michelle Crouch/North Carolina Health News co-published with The Charlotte Ledger. When Mary Katherine Snow of Cornelius was diagnosed with leukemia in 2017, she was prepared to fight for her life. But she didn’t expect that […]
Crowns of Enterprise nominations are open
Nov. 20. Nominations are open for the 2025 Crowns of Enterprise Awards, sponsored by Mecklenburg County and the City of Charlotte. The Crowns of Enterprise Awards recognize small businesses in the Charlotte-Mecklenburg region that demonstrate exemplary leadership and sound business strategies. The awards committee specifically recognizes firms that grow and strengthen the local economy, as well […]
Survey: JCPenney will have biggest discounts on Black Friday
Nov. 20. In 2023 Americans shopped from home on Black Friday more than they did in stores, with 76.2 million people getting their deals in person and 90.6 million making purchases online. WalletHub’s new report on the Best Places to Shop on Black Friday puts venerable retailer JCPenney at the top. Best Black Friday Retailers […]
Small Business Saturday is Nov. 30
Nov. 19. The Town of Davidson will observe “Small Business Saturday” on Saturday, Nov. 30 by encouraging residents and visitors to kick off their holiday season by shopping locally and supporting local retail establishments. Quotable “Supporting local businesses is important to the well-being of our town,” said Economic Development Director Kim Fleming. “So many of […]
NC jobless rates slips .1 percent in October
Nov. 19. The state’s seasonally adjusted unemployment rate fell to 3.7 percent in October, down from 3.8 percent in September. The national rate was unchanged at 4.1 percent. But the state’s unemployment rate was up 0.1 of a percentage point from a year ago. Click here for county-by-county jobless rates. The number of people employed […]
