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Business Article Archive

October 7, 2009

Neiman Marcus holiday catalog nods to recession
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Luxury retailer Neiman Marcus Group Inc. unveiled its Christmas Book Tuesday with a nod to this new frugality. Read More

October 6, 2009

Home sellers see prices improve
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The bad news: Homes that sell are remaining on the market for more days. Read More

Winter gas bills expected to drop

Piedmont Natural Gas says customers could save $15 to $20 a month. Read More

Parachute manufacturer to create 375 new jobs in Person County

ROXBORO (AP) — A Person County parachute manufacturer said Tuesday it plans to expand operations in its home city as it meets the demands for a new military contract, a decision that Gov. Beverly Perdue said will generate 375 new jobs. Read More

October 5, 2009

Female charity group setting national trend

A group of local high-dollar donors inspires women nationwide to give to the United Way. Read More

Report: Bank of America to name emergency CEO

Ken Lewis announced plans last week to retire Dec. 31. The emergency CEO would fill in if Lewis left before then. Read More

Food Lion owner makes bid for Bi-Lo assets

Delhaize said it intends to integrate BI-LO's shops into its Food Lion chain of shops. Read More

October 4, 2009

Savvy Shopper: Store offers bargains for readers and film viewers
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Randy and Linda Simula recently opened RanLinS, a store that mainly sells used books and used DVDs in Randleman. Read More

October 2, 2009

Lowes Foods drops Greenpoints

Customers will no longer be able to earn and redeem Greenpoints at Lowes Foods after Sunday. Read More

N.C. community groups protest BofA, Wells Fargo

Community groups who think Bank of America and Wells Fargo have been overcharging consumers plan a protest demonstration. Read More

October 1, 2009

Next Bank of America CEO must rebuild firm's image
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Ken Lewis' legacy as CEO of Bank of America Corp. will likely be determined by whether his successor can do what Lewis couldn't: prove that the bank's messy acquisition of Merrill Lynch & Co. was worth the money. Read More

Fan of wrestler Ric Flair wins $100K

Frankie Shirley saw a new instant scratch-off game featuring Ric Flair and thought, what the heck, he'd give it a shot since he's a fan of the former wrestling pro. Read More

Hudson 'Miracle' pilots reunite for flight from Charlotte

The "Miracle on the Hudson" pilots are back together. Read More

RBC Bank chief to retire

Scott Custer, 51, will retire at the end of October. Bank chairman Jim Westlake will succeed him. Read More

September 30, 2009

Malt-O-Meal opens Asheboro plant

The Minneapolis-based cereal company is adding 133 new jobs to the area. Read More

Bank of America CEO to step down at year's end
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Ken Lewis has been under growing pressure from various sources. Read More

Environmental cleanup begins at South Elm site
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When the work is completed later this year, the 12-acre area will be ready for new development. Read More

Sheraton offers free night stay at 86 locations
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The owner of Sheraton hotels will offer thousands of guests a free night's stay in dozens of North American locations as part of a massive campaign that kicks off Wednesday to highlight the chain's $6 billion revitalization efforts. Read More

September 29, 2009

Disney offers free entry to 1 million volunteers

Disney is offering a free day's admission to 1 million guests who complete a day of volunteer work next year. Read More

Toyota to recall 3.8 million vehicles

The recall will address problems with a removable floor mat that could interfere with the vehicle's accelerator and cause a crash. Read More

Lost business from gross-out clips forces Domino's to close

The owner of the now-closed Domino's Pizza in Conover said the notorious gross-out videos two employees posted on YouTube cost him more than half his profits. Read More

September 28, 2009

BB&T overhauls overdraft policy

BB&T joins Bank of America, Wells Fargo and JP Morgan Chase in altering their overdraft policies that have drawn criticism for being excessive and harmful to consumers. Read More

Randolph County man wins $1 million in lottery

For Ched Chriscoe, using two numbers from his wedding anniversary in Wednesday's Powerball drawing paid off big time. Read More

Bank suspends dealings with ACORN housing entity

Bank of America Corp. is suspending its work with the housing affiliate of embattled community organizing group ACORN. Read More

September 27, 2009

New wave of homeowners in trouble?
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Some banks won’t help customers refinance away from adjustable-rate mortgages, even though it could set homeowners up for future problems. Read More

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