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Raleigh Triangle Local and Business News

  • Bank of America to lay off 540 mortgage workers in Charlotte

    Bank of America Corp. (NYSE:BAC) issued layoff notices to 540 employees in its Gateway Village mortgage unit on Wednesday.

    The jobs being cut, all located uptown, are related to the bank’s business unit serving customers with past-due mortgages, known as Legacy Asset Servicing, that are eligible for a modification or foreclosure.

    “It’s a really difficult message because the fact that we’ve cut the need for that support thanks to these efforts and an improving economy is a good sign for our company…

  • Lonerider Brewing Co. to replace bottles with cans

    Lonerider Brewing Co. will begin releasing its beers in cans, ditching the brown bottles it currently sells.

    “Cans will start rolling out next week in several markets,” says CEO Sumit Vohra. “We are excited about cans as we see that as the next evolution for us and we unfortunately have limited space at the brewery so we had to decide between cans and bottles.”

    Cans are allowed in many places where glass bottles are prohibited. They also protect beer from light and oxygen seeping in and are more…

  • Mohu CEO: SCOTUS' Aereo decision won't dissuade cord-cutters

    As the Supreme Court brought its shiny gavel down on streaming television startup Aereo, Raleigh’s own cord-cutting pioneer was watching.

    Mohu CEO Mark Buff, whose company develops technology to support cord-cutters – such as indoor antennas and set top boxes that incorporate both over-the-air broadcasts and streaming services such as Netflix – wasn’t happy when the nation’s highest court ruled against Aereo.

    “The reason Aereo existed and became so popular was because it filled a real…

  • ​Duke's new strategy to extract the most interested MBA applicants

    As its MBA applicant pool becomes an applicant ocean, Duke University’s Fuqua School of Business is employing new software to track a student’s “demonstrated interest.”

    One of the top business schools in the nation, Fuqua is implementing software called Talisma that logs when a student emails the admissions staff or attends an admissions event, allowing Duke to decode which students are most interested in its program, reports Businessweek.

    Thus, students who bombard admissions offices with emails…

  • Why Hire a Junk Removal Company?

    Unwanted junk takes many shapes, from lawn debris to early electronic equipment to plain old trash. Without warning, houses colonized by collected trash can become cramped and unlivable, leaving many homeowners asking, “Where did all of this come from?” Thankfully, junk removal companies are experts at uncluttering houses and leaving you with a likewise clutter-free mind. […]