Business

NCAA ends boycott of North Carolina

The NCAA has “reluctantly” ended its boycott of North Carolina after the repeal of House Bill 2 last week. The organization, which had pulled championship events from the state in protest of the so-called “bathroom bill,” says that the law passed to replace it “has minimally achieved a situation where we believe NCAA championships may […]

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Wells Fargo ordered to pay $5.4M in whistleblower case

The federal government has ordered Wells Fargo & Co. to reinstate a former bank manager who lost his job after reporting suspected fraudulent behavior at the bank. The Labor Department’s Occupational Safety and Health Administration says the bank must rehire the employee, as well as pay back wages, compensatory damages and attorneys’ fees totaling $5.4 […]

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Sri Lankan textile firm to bring 133 jobs to Randolph County

Sri Lankan textile company MAS Holdings will buy Acme-McCrary Corp., a 108-year-old hosiery manufacturer in Asheboro, and expand its operations with a $20 million investment. The move is expected to create 133 new jobs. According to the office of N.C. Gov. Roy Cooper, MAS Holdings is eligible for $575,000 in state incentives if it meets job […]

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100 jobs at stake as Charlotte discount chain sold to Dollar General

About 100 corporate employees at the new Charlotte discount chain Dollar Express may lose their jobs as the company is sold to Tennessee-based Dollar General. Dollar Express workers were notified Friday that the company’s owners, private equity firm Sycamore Partners, had sold the chain’s 330 stores to Dollar General. Sources say the deal was unexpected […]

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