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Latest Top (8) News

Next up: A plan to bring jobs, investment to downtown Kannapolis
Kannapolis has an $8.75 million deal to buy some of the city’s downtown landmarks and then hopes to revitalize the area formerly known as Cannon Village, as well as some nearby property. The purchase encompasses eight block of downtown and includes 50 buildings. Two of the landmarks included in the deal are the Gem Theatre and the current Kannapolis City Hall building. The biggest check — for $7.55 million — will go to companies owned by California billionaire David Murdock, who’s developing…

Tue, 30 Jun 2015 16:36:37 +0000

New oyster bar coming to East Liberty
After 10 years as a place to get Ethiopian food and then a year of Caribbean-infused Mexican fare, a restaurant space in East Liberty will soon be offering oysters along with Cajun-inspired cuisine. Chef Adam Kucenic is in the process of leaving his position at the Pepperwood Grille in Greensburg to launch Muddy Waters Oyster Bar in the restaurant space on Highland Avenue in which Casa Rasta closed recently and after a 10-year run as Abay, Pittsburgh’s first Ethiopian restaurant, before it. Kucenic…

Tue, 30 Jun 2015 16:34:46 +0000

U of M area shopping center sold to boutique investor
A real estate investment and management company that specializes in “acquiring and revitalizing neighborhood shopping centers in value-rich markets” has purchased a shopping center across from the University of Memphis Park Avenue Campus. Park Center Baceline LLC, an affiliate of Denver-based Baceline Investments, a privately held boutique real estate investment company, bought The Park Center Shopping Center, built in 1955, as well as an outparcel, built in 1986, at the corner of Park Avenue…

Tue, 30 Jun 2015 16:34:32 +0000

NYC tightens restrictions on employer background checks
“Ban the box” is now law in the nation’s largest city, as Mayor Bill de Blasio signed legislation prohibiting New York City employers in most industries from discriminating against a job applicant based on an arrest record or prior convictions. Capital New York explained that the new rules, sponsored by City Council member Jumaane Williams, doesn’t entirely outlaw background checks— employers may still run them after making a conditional job offer, and some industries have been exempted…

Tue, 30 Jun 2015 16:34:03 +0000

Behind the scenes: Setting up for the Rolling Stones concert in Raleigh (Slideshow)
N.C. State’s Carter-Finley Stadium is gearing up to host the Rolling Stones’ fourth Raleigh appearance on Wednesday, July 1, at 7 p.m., as one of 15 stops on the band’s 2015 North American stadium “ZIP Code” tour. The Avett Brothers will take the stage to open for the iconic band. On Monday, crews and technicians worked to assemble the stage, which takes up more than one quarter of the north end zone. Mats are being laid down across the turf in preparation for the nearly sold out floor…

Tue, 30 Jun 2015 16:32:07 +0000

It’s official: ConAgra divesting Ralcorp; Post leads potential buyers
The new CEO of ConAgra Foods Inc. made it clear Tuesday that company will divest the former Ralcorp Holdings assets as it exits the private label food business. When ConAgra released its earnings Tuesday morning, CEO Sean Connolly said: “As I have intensely studied the situation in our Private Brands operations over the last few months, it has become clear that the time and energy the company is devoting to the Private Brands turnaround represent a suboptimal use of our resources. To prevent further…

Tue, 30 Jun 2015 16:29:40 +0000

Boston's Myelin Communications acquires two firms
A Boston-based network of marketing and public relations firms is expanding through two acquisitions. Myelin Communications said it bought HY Connect, a Chicago-based ad agency, and Dodge Communications, an Atlanta-based public relations firm, for undisclosed terms. Myelin CEO Rich Levy is the new chairman of both companies. Myelin focuses on the health care and financial services industries and is a portfolio company of Chicago's Baird Capital. The companies that comprise Myelin are: Partners…

Tue, 30 Jun 2015 16:29:16 +0000

The Pitch: How Take 44's software will help insurance brokers compete with Zenefits
Alan Katz and his three co-founders have watched as HR software companies such as Zenefits have blown up in size and traction in the past few years, taking market share from traditional brokerages. “They’re offering something most brokers can’t because most brokers aren’t software companies,” he said. “Our reason for existence is to equip independent brokers with the tools they need to level against high-tech competitors that are trying to disrupt the market.” Katz, of Los Angeles,…

Tue, 30 Jun 2015 16:29:01 +0000

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