Triangle GoodNEWS
Red Hat is projecting revenue to exceed $1,000,000,000 for fiscal 2010 year end of February. That's a 15% year over year increase.
February was North Carolina's best job growth month since the market bottomed in 2009.
Garner is about to announce a new corporate expansion with a healthcare company that is planning on adding 250 jobs with an annual compensation of $50,000.
According to the M.L.S., the average sale price for a single-family home in Wake County rose 4.2% and the sale price to listing price was at 95.9%.
In 13 months, Scott Custer former CEO of RBC Bank has put together a $1.2 Billion dollar bank holding company.
Crosland Development is planning a 195-unit apartment complex within Glenwood South. In February, FMW from Charlotte submitted plans for a 240-unit apartment project with a mixed-use component. According to David Diaz president of the Downtown Raleigh Alliance, there are at least five new downtown apartment projects under consideration.
National GoodNEWS
The National Economy grew faster than projected during the last quarter of 2010. GDP reached 3.1% in the October-December quarter according to the commerce department. The projection had been for a 2.8% GDP growth rate.
During one week in march, the Dow had its best week in 8 months with a 362-point rise. This was due to better economic reports and the anticipation of more corporate buyouts - AT&T agreeing to buy T Mobil.
Applications for unemployment benefits dropped by 5,000 to 382,000. This was the fourth drop in 5 weeks. Applications peaked to 651,000 during the height of the recession.
Last year corporate profits rose 29% to $1.68 Trillion. This was the fastest growth rate in six decades.
FamousQUOTE
"Achievement seems to be connected with action.
Successful men and women keep moving. They make mistakes, but they don't quit." - Conrad Hilton
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