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Business

  • ATMC FOCUS fiber optics coming to Holden Beach

    ATMC recently announced plans to begin the construction of a fiber optic network that will span Holden Beach and enable it to deliver the company’s FOCUS fiber optic communications services to residents and businesses.

    The $5.5 million investment is scheduled to take between nine months to a year to complete and will provide more than 13,000 residents and businesses on the island and along the causeway with access to 1G broadband speeds.

  • Scare tactics used to sell labor law posters

    Every year the N.C. Department of Labor receives complaints of poster companies that use scare tactics to sell labor law posters. NCDOL says threats of being fined are bogus and should be ignored.

    “Poster companies have been known to charge more than $150 for the posters,” Labor Commissioner Cherie Berry said in a news release. “I want the business community to know that the labor law posters are available from NCDOL free of charge.”

  • UBS reaches $68M multistate settlement for artificially manipulating interest rates

    North Carolina Attorney General Josh Stein announced a $68 million, 40-state settlement with UBS for fraudulent conduct involving the manipulation of LIBOR (the London Interbank Offered Rate). LIBOR is a benchmark interest rate that affects financial instruments worth trillions of dollars and has a far-reaching impact on global markets and consumers.

  • Brunswick County exceeds $1 billion in annual sales volume for 2018

    Brunswick County’s residential real estate market is closing out 2018 strong, according to the latest data released by the Brunswick County Association of Realtors. The county surpassed $1 billion in total annual sales for only the second time since the Great Recession, despite the short-term impacts of Hurricane Florence.

  • Marshall issues alert on misleading business mailing

    Secretary of State Elaine F. Marshall is urging North Carolina businesses not to fall for a mailing prompting them to pay a $78 fee to get a “Certificate of Status” from the N.C. Secretary of State’s Office.

    The Secretary of State’s Office has received reports that a Florida company, Filing Labor Compliance Department Services (FLCD), is mailing out a “2019 Certificate of Status Request” form to recently formed companies. The misleading mailing implies that business entities are required to obtain a “Certificate of Status.”

  • Duke Energy to include Brunswick Nuclear Plant in staff reductions

    Duke Energy will buy out or lay off some members of its workforce across the company’s six-state coverage area, including those at Brunswick Nuclear Plant in Southport.

    Karen Williams, Duke Energy’s Brunswick Nuclear Plant spokeswoman, said Thursday it is looking across the entire company to reduce staff. The plant employs more than 800 people.

  • STEP deadline extended to Feb. 1

    The deadline to return the Right of Entry Form for the Sheltering and Temporary Essential Power (STEP) program has been extended to Feb. 1.

    The state’s STEP program provides basic, partial repairs to make homes damaged by Hurricane Florence safe, clean and secure, to allow the homeowner to live in the home while longer-term repairs continue.

    For more information, go to ncdps.gov/florencestep.

  • Financial planning for retirees series begins Jan. 24

    “Financial Planning For Retirees,” a three-part series, will begin Thursday, Jan. 24, from 2 to 4 p.m. at The Brunswick Center at Calabash, 10050 Beach Drive SW in Calabash. Call 754-7427 to register or for more information. Complimentary workbooks will be provided for each class.

    This educational series will cover all areas of finances for retirees: investment planning, portfolio balancing, minimizing risk, income generation, utilizing annuities, estate planning techniques, long-term care planning and more.

  • State reaches settlement over debt buying, collection

    North Carolina has reached a settlement with Encore Capital Group Inc. and its subsidiaries, Midland Credit Management Inc. and Midland Funding LLC, one of the nation’s largest debt buyers. This settlement was reached with 41 other states and the District of Columbia.

    North Carolina’s share of the $6 million settlement is $175,992. In addition to those funds, 2,176 North Carolinians will see their debt reduced or eliminated by $3,327,099 in cases where Midland used an affidavit against them in court between 2003 and 2009. Attorney General Josh Stein said.

  • Brunswick County Healthcare Job Fair scheduled for Dec. 12

    Brunswick NCWorks Career Center’s inaugural Healthcare Job Fair will be from 10 a.m. to 2 p.m. Dec. 12 in partnership with Brunswick Community College at the Virginia Williamson Event Center at Odell Williamson Auditorium in Bolivia.

    This unique event features only employers from the health care industry that are offering current and future positions. It is geared to connecting local health care employers to health care job seekers, and connecting individuals with available area educational opportunities.