Business

Does the N.C. Chamber quash business leader support for Gov. Cooper?

NC Office of Governor During visits to Charlotte earlier this year, Gov. Roy Cooper urged state business leaders to support his budget and pressure Republican lawmakers to focus on greater public investments. He opposed cutting the corporate income tax because less revenue means less money to boost pay for teachers, professors and state workers, to […]

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High Point charter airline files for bankruptcy, cites debt topping $50 million

Dynamic International Airways LLC, an international charter airline based in High Point, filed for Chapter 11 bankruptcy protection in the Middle District of North Carolina. The filing listed assets of $10 million to $50 million and debts of $50 million to $100 million. With six Boeing 767s, the airline’s routes have included New York; Ontario, […]

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Raleigh MLS bidders propose $150M stadium

The N.C. Football Club has launched a proposal to build a $150 million stadium and entertainment complex on 13 acres of state-owned land in downtown Raleigh, a step that team owner Steve Malik says is important in pursuing a Major League Soccer franchise.  Under the plan, a 22,000-seat stadium would anchor a complex featuring a conference center, office […]

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DuraFiber to lay off hundreds if buyer not found

Huntersville-based DuraFiber Technologies says it will close its plants in the Carolinas unless a buyer can be found by Sept. 11, a move that would affect some 800 employees at three plants in Salisbury, Shelby and Winnsboro, S.C. The company, which manufactures polyester fibers and fabrics, cites a need to lower production costs in response to […]

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