Business
Duke Energy names new CEO
June 19, 2013
(The Charlotte Observer)
Charlotte-based Duke Energy will promote Lynn Good from chief financial officer to CEO, effective July 1. She will take over the job from Jim Rogers, who will remain chairman until he retires at the end of the year.
Mooresville manufacturer adding jobs
June 19, 2013
(The Charlotte Observer)
Mooresville-based IOMAX USA Inc., which makes surveillance equipment for crop-duster planes that it sells to the U.S. government, will expand its headquarters, adding 35 to its local workforce of 65. Average annual wage will be $64,970.
GE Aviation opening new Asheville plant
June 18, 2013
(The Times-News, Hendersonville)
Jet-engine maker GE Aviation will build a new parts factory in Asheville as part of a larger commitment to invest $195 million across its North Carolina plants. The factory could eventually employ 340 employees.
Lowe's plans to acquire West Coast hardware chain
June 18, 2013
(The Charlotte Observer)
Mooresville-based home-improvement retailer Lowe's has made a $205 million bid to acquire at least 60 of San Jose, Calif.-based Orchard Supply Hardware's 91 stores. The Sears spinoff filed for Chapter 11 bankruptcy, and its real estate would help Lowe's gain a better foothold in the recovering California market.
FedEx Ground expanding Kernersville shipping hub
June 18, 2013
(News & Record, Greensboro)
FedEx Ground plans to add 83,000 square feet to its 400,000-square-foot shipping hub in Kernersville, though the Pittsburgh-based company didn't disclose how many workers will be added to its 570. The project is expected to be completed by spring 2015.
WakeMed, physicians group forming partnership to improve care
June 18, 2013
(The News & Observer, Raleigh)
WakeMed Health & Hospitals will partner with Key Physicians to form an Accountable Care Organization, a group that works with Medicare patients to ensure they are staying well after being discharged from hospitals. The ACO will cost about $2 million during its first three years.
Piper Jaffray purchasing Charlotte investment bank
June 18, 2013
(The Charlotte Observer)
Minnesota-based investment bank Piper Jaffray will purchase Charlotte-based middle-market investment bank Edgeview Partners for an undisclosed amount. The deal is expected to close in the third quarter.
Southern Pines man accused of defrauding clients of $6M
June 18, 2013
(The Fayetteville Observer)
James Alexander Shepherd, a Southern Pines investment-fund owner, defrauded clients of $6 million since 2006, according to federal prosecutors. He is expected to plead guilty of one count of securities fraud.
Cramer Mountain Country Club faces uncertain future
June 18, 2013
(The Gaston Gazette)
The Cramer Mountain Country Club near Gastonia is officially out of foreclosure and on the market, but it faces a rocky road to a potential sale. Its sister property and eatery, The City Club, is also up for sale.
Publix may be planning Cornelius store
June 18, 2013
(The Charlotte Observer)
Florida grocer Publix is planning a Cornelis grocery store, according to several merchants who say they will be displaced by the project. The chain is aggressively expanding into the Charlotte market, with two stores already in the works and two opened in nearby South Carolina.
