Shop Talk

Renovation of Cary's Waverly Place helps attract small businesses

When Red Hot & Blue opens next month, it will mark a reunion for the restaurant that once flourished for about 18 years at Waverly Place. After cycling through three different owners and a $15 million renovation, the Cary mall is working with small businesses to build a unique community on the shopping center’s 26-acre campus.


Yadkin Bank is shedding six branches

Yadkin Bank, which has been focused on cutting costs in the wake of last year's merger-of-equals between VantageSouth Bank and Yadkin Bank, plans to sell or close a half-dozen under-performing branches in the third quarter.


Corinthian Colleges closes all 28 remaining campuses

Corinthian Colleges canceled classes Monday and shut down all of its remaining 28 ground campuses, displacing about 16,000 students, less than two weeks after the Education Department announced it was fining the for-profit institution $30 million for misrepresentation.

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NC gets failing grade on financial scorecard

The Corporation for Enterprise Development’s annual Assets & Opportunity Scorecard evaluates how a state’s citizens are faring across 67 outcome measures in five different areas: financial assets and income, businesses and jobs, housing and homeownership, health care, and education. North Carolina residents aren’t doing very well.

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Ex-executive gets prison for $27M insider trading scheme

The former chief information officer at a California-based technology company who spent years in the Air Force and CIA before entering the corporate world was sentenced Monday to 6½ years in prison for an insider trading scheme that authorities say produced $27 million in illegal profits.