The News and Observer from Raleigh, North Carolina • 47

ER NEWS 011SERVER )6 THURSDAY MAY 4 2006 Local Business oD -VI: THURSDAY: New businesses bankruptcies Local Business 4 ER )6 TilE NEWS 01')SERVER THURSDAY MAY 4 2006 0 oD II THURSDAY: New businesses bankruptcies BUSINESS DOINGS TRIANGLE WATCH 1 Ise )or ler Per capita personal income "0 US "0 Triangle News about business deals new companies and relocations as well as awards and certifications Information should be sent to Business News Desk The News Observer 215 McDowell St Raleigh NC 27601 or e-mail arueanewsobservercom 31108 311292 33ANSO 29115 The gap between the Triangle and the rest of the nation is shrinking In 2000 Triangle residents had $31808 in personal income compared with a US average In 2004 Triangle residents logged more than the national average analysis showed that those in Raleigh-Cary area fared better than the Durham region in Franklin Johnston and Wake had personal income of $34498 Chatham Durham Orange and counties had 2004 personal income $33011 Personal income in the nation overall is catching up to that of the Triangle Data from the US government made available last week showed that in 2004 Per-capita personal income in the Triangle grew by 44 percent from $31893 to $33292 That was better than the less than 1 percent growth the year before but below the 5 percent national average The figures from the Bureau of Economic Analysis are the most recent available for the combined statistical area that encompasses Chatham Durham Franklin Harnett Johnston Orange Person and Wake counties 2002 2000 2001 Covers counties of Chatham Durham Franklin Harnett Johnston Orange Person and Wake Source: Bureau of economic Analysis The News Observer Per-capita income includes money that individuals receive from all sources including wages rental and interest income European American Business Chamber debuts This week more than 32 company executives and state officials attended a lunch to introduce the states first European American Business Chamber Among them were NC Secretary of State Elaine Marshall Louis Boisvert trade commissioner for the r- Consulate of Canada and Douglas Altkin "le-75 A vice president of global markets at the World Trade Center in Research Triangle Park The 7' chamber which will have offices in Raleigh and i -1 Greensboro is one of about four in the coun- 1 A try said its president Yvonne Sneeden 4 The European chamber which has 10 memMarshall ber companies aims to help businesses in the Triangle and Europe's 25 countries achieve their international goals said Sneeden who works at Cisco Systems The group will help its members organize conferences on international affairs host workshops with companies provide information on conducting business in the transatlantic market and facilitate joint ventures Membership ranges between $250 to $750 The fee for sponsor members is $2000 it ill es IS st 41 40' I Ifkl --1-- I IQ 1-1 11P1 -1 tA-----' It tit 1 I vi 4 C'1k1t i kool 1 1 11 '1111 1 I i 1 -'P t- 1- I 7 s- -411stioI i I r''''4 11 cs 8 tfj -7- 1 f- 71011 1 ir-4 efr'- rit i 'LI 4 i 1 1 7:: iP---1- 277111 i i11'Cl -4 4 li' dtlIt' 94 1 J' Ita lic i vLz 1' 1 1 4'1 :7 I -al A eVv arto4nt "3 L' 't I Fy on Ilet IveNssmaAtt 1 r---- -4 ell0e4111r rf- re A ei 1 A A' -re --i ''''i :1 1: I tL4 issz4 's ii bst It Ctl C10'1' 11 I Za6C a 'il-1 40' 1 to i 4 i rt 1 00 tt y- TY vn Lt It te tteck'ing ariount vOVd tne tncre vcei 1'7'il)110virNssiwttl itoni Kudos Planet Beach Tanning Spa in Raleigh was included in Looking Fit magazines annual list of 250 best tanning salons has been named to Training magazines Training Top 100 list in its March issue The list is a national survey of organizations that excel at employee training and development Charles Banana director of product management at SciOuest in Research Triangle Park was named to Supply and Demand Chain Executive's 2006 Pros to Know list Ballaro was recognized as a provider pioneer in developing Web-based applications for procurement Hooker Manning Raleigh senior office leasing representative for Duke Realty won the company's Salesperson of the Year award for superior performance in 2005 Brogan Partners Convergence Marketing won three awards for digital healthcare advertising for a campaign for Quinine NC a smoking cessation support program funded by the NC Health Wejlness Trust Fund and the NC Department of Health and Human Services Brogan Partners Convergence Marketing has an office in Cary First Research of Raleigh is included in Selling Power magazine's list of Top 50 Web sites Deals Southern Vinyl Manufacturing which designs manufactures and sells PVC railing and fences is opening a second facility in Six Forks Office Park in Raleigh The space will serve as its corporate center Managing partner Rod Matthews will work from the Raleigh facility Prudential CRES Commercial Real Estate is opening a second North Carolina office in Raleigh David Adams will lead the expansion into the Raleigh and Durham market Broker Richard Cotton will join the Raleigh office West Bros Transportation Services in Durham is changing the responsibilities of its top executives to reflect a new joint ownership arrangement Tommy West chief executive officer and Craig West chief financial officer are now equal owners the company They will share the responsibilities of chief operating officer Computer Doctors which offers on-site service for computer users has opened in Raleigh Owners Dennis Halsey and Kevin Nugent provide personal computer services upgrades for home and business networks virus and spyware detection fire-wall and Internet security data backup and recovery training and installation of computer systems Mary Margaret Harris left branch manager at Capital Bank on Fayetteville Street in Raleigh director of human resources The bank's new 'Smart Checking' accounts are a way to stand STAFF PHOTO BY JOHN ROTTET $35000 $30000 $25030 S20000 $15000 $10000 2003 2004 market has massage chairs in its lobbies Cary-based Crescent State Bank offers a free cooler lawn chair and pedometer for referrals Grant Yarber Capital Bank president and CEO said the bank is targeting young professionals because they are most likely to become more-loyal deposit holders with larger accounts as a result The break from ATM fees is an increasing trend among community banks trying to overcome their lack of extensive branch networks "Their customers now have more freedom with ATMs than even those with Bank of America or Wachovia" said Greg McBride of Bankratecom Some competitors and analysts speculate that the account will be end up hurting ratings for its own 11 vm broadcast which is more profitable But Prazenica said that possibility doesn't worry him "There's a group of people that want news or (800) 736-2602 $29845 just $242 Further the those in People counties Those in Person of Cox talks with Teresa Farrell out in a crowded market a limited-time promotion But it's not a "teaser" rate said Roger Plott Capital Bank's director of commercial services who helped develop and introduce the product "This is a long-term product and and a long-term commitment" It's a smart strategy for Capital Bank said Mark Muth an analyst with FTN Midwest Research who follows the company's stock The interest rate should raise eyebrows and boost deposits which underpin all loans he added It also creates a buzz in the market on top of more deposits and that's a great strategic move for Capital Bank" Muth said Staff writer Frank Norton can be reached at 829-8926 or at 10 and there's another that wants news at 11" he said Staff writer David Ranii can be reached at 829-4877 or davidrnewsobservercom THE NEIVS1'OBSERVER newsobservercom YfIALife enriched yond that would be too costly banks executives said Though priced to snatch customers away from competitors Smart Checking is designed to make money for Capital Bank said John Anthony the bank's chief administration officer Like Bank of America's "Keep the Change" plan Smart Checking aims to boost debit-card use and transaction fees paid by retailers Other major banks in the Triangle including RBC Centura and Wachovia offer debit-card rewards programs Capital Bank is also trying to fend off community rivals that are offering a variety of extras to attract customers Charlotte-based First Charter Bank which recently opened its first branches in this contrast stations typically can sell only one or two minutes of commercial time with the remainder going to the network Spero said one risk to WTVD is that its newscast for VVLFL could PHILANTHROPY Information about corporate giving should be sent to: Business News Desk The News Observer 215 McDowell St Raleigh NC 27601 Or e-mail Amy Rue at aruenewsobservercom or fax to her attention at 836-2840 BANK CONTINUED FROM PAGE ID The account does have catches To offset the higher interest rate and other benefits the bank requires customers to make at least 10 debit-card transactions per month This raises bank revenue from transactions and lowers costs tied to ATM use Also monthly statements are delivered online to cut expenses And account holders must have direct deposit or a preauthorized monthly draft such as to pay for a gym membership or utility bill That lowers customer service costs and reduces attrition The high interest rate is good on deposits up to $25000 Be NEWS CONTINUED FROM PAGE 1D CBS affiliate Those two stations however are both owned by the same company Raleigh's Capitol Broadcasting WRAL's 11 pm news is the ratings leader in the Triangle followed by WTVD's newscast Now their newscasts also will go headto-head at 10 pm "We're excited about the opportunity to extend our brand" said Bernie Prazenica president and general manager of WTVD which is owned by ABC He said the WLFL newscast will probably be substantially gimilar in style to WTVD's but may feature different anchors The newscast will be billed as a production of ABC 11's Eyewitness News Both Prazenica and Davis expressed confidence that the ABC 11 newscast on WLFL would do better in the ratings than WTVD's own newscast which lagged well behind Fox 50's competing newscast Financial details of the news-sharing agreement between WLFL and WTVD weren't released Such agreements often involve an up-front cash payment or revenue sharing from ad sales and tend to be worth $300000 to $500000 a year Schutz said Local newscasts are key profit centers because stations get to sell all the commercial time and keep all the revenue During prime-time network shows by The NC Hospitality Education Foundation a nonprofit organization dedicated to building a work force for the hospitality and tourism industry in North Carolina awarded $90000 in scholarships and development grants to individuals and programs at its Excellence in Education gala in Greensboro Falls Village Golf Course in Durham hosted the eighth annual Chernobyl Children's Golf Tournament Participants came from five churches that support the Chernobyl Children's Orphanage in Belarus The Chernobyl Children's Fund received 86400 from the tournament The money will help 38 children visiting this summer for medical treatment 1 4 i' I 't v-------s I )111)11V4111 1 i 4----04AI: A4--- 111 tisi I A--- )-'-'1'- 441-gr trk '11 0-''rt 4 4 ''1i '1: If 4- 0 4 4 1 i 1 I 0 I I i 's '''i i t't -74 fig 0- 'o 1--16 klil 1 4 v''' -I bt- 4 1 i 4 4 1 bi) i It t' 4-'1 i ti-- i'p 14 I i 1 1 r'''- t' 4' 4Y ''''-'t t' 4' 1'4 j'' ''c' -iiv tg i' 1 ti rt I i i i i' -5' '-f "It i t- -7 '4-4 rrt' (1 7-ii PLIf 1asof a 1 A 4 7 4 44 i I ----t i I 1 I 1 I L- i "N'Ai 6 f' 11 1 7 '77 :1 a ic k' 1 1 -4 i' 1 1 04 re- A6Satwil Wake Med was a major sponsor of the event The Knightdale Chamber of Commerce is holding a charity golf tournament at Wil-Mar Golf Club to benefit Club Horizon of Knightdale Club Horizon works to increase community acceptance and improve the quality of life for adults with serious mental illness by facilitating meaningful work education housing and social opportunities Sun Com Wireless and Carolina Panthers quarterback Jake Delhomme made an agreement to support nonprofit organizations focusing on children and education Delhomme will serve as the primary supporter of Sun-Corns community outreach program Sun Com Cares MIDDLE DIVISION CHAPTER 7 Elumens Corp 1301 Briggs Ave Suite 100 Durham 27703 estimated assets $1000001 to $10 million estimated debts $1000001 to $10 million some creditors are BancBoston Ventures American Express and Southeast Interactive Tech Fund attorney Richard Hutson II Case 06-80479 April 27 BANKRUPTCIES A list of companies that have filed either for Chapter 7 liquidation or Chapter 11 reorganization Our new lifestyles magazine is written just for you about making your dreams of the good life come true From the arts to fine living delicious dining and fun fashion it's all the things that add up to Living in Style EASTERN DIVISION ate tr id re or sy to or he CHAPTER 7 The Cavern Nightclub doing business as The Blue Front Theater and The Attic 209 East 5th St Greenville 27858: estimated assets to $50000: estimated debts to $50000 some creditors are Bob and Mary Saieed Eneco East and the NC Department of Revenue attorney Richard Poole Case 06-01309-8-JRL May 2 To advertise call: Andy Medlin at (919) 836-5600 Phrto prrwidPd by irhmer Clastr's 1.