Business

SECU buys famed Chapel Hill office building

July 2, 2015

(The News and Observer)

State Employees Credit Union is buying the former headquarters of Blue Cross and Blue Shield of North Carolina in Chapel Hill for $35 million. Blue Cross is moving to a 48-acre Durham campus. 

Electrolux slams DOJ over GE deal

July 2, 2015

(The Charlotte Observer)

Electrolux criticizes the federal government’s attempt to block its proposed purchase of General Electric Co.’s appliance business.


Read more here: http://www.charlotteobserver.com/news/business/article25982608.html#storylink=cpy

Manufacturer adding 86 jobs in Shelby

July 2, 2015

(The Shelby Star)

Metal Works Manufacturing Co. will invest $3.9 million and add 86 jobs within the next three years. If it meets job-creation targets, the company will be eligible for $1.3 million in state incentives over 12 years.

Second Charter Square building being planned

July 2, 2015

(The News and Observer)

Dominion Realty Partners may construct a 22-story building that would feature 250,000 square feet of offices and 194 apartment units in downtown Raleigh, adjacent to its 11-story building that opened in June.


Read more here: http://www.newsobserver.com/news/business/real-estate-news/article25999921.html#storylink=cpy

Pipeline meeting attracts hundreds in Nashville

July 2, 2015

(The Wilson Times)

Hundreds of Wilson and Nash property owners filled the Nash Agriculture Center Tuesday for the first landowner-organized meeting for the proposed Atlantic Coast Pipeline project. The natural gas pipeline will have the capacity to transport 1.5 billion cubic feet of natural gas per day.

 

Europe's Lidl grocery chain expanding in Alamance

July 2, 2015

(The News and Observer)

Lidl, a European grocery store chain, will open a new regional headquarters and distribution center employing more than 200 people in Alamance County

Nearly 100 got sick at Charlotte restaurant

July 2, 2015

(The Charlotte Observer)

At least 96 people were sickened during a Norovirus outbreak at Charlotte's Cowfish restaurant in June, the Charlotte Observer reported, citing county health department records.

Karmanos says Hurricanes aren't moving

July 2, 2015

(The News and Observer)

Peter Karmanos continues to seek a buyer for his team, the Carolina Hurricanes, which he says won't leave its fast-growing  market.

BNC Bancorp completes Virginia expansion

July 2, 2015

(The Winston-Salem Journal)

High Point-based BNC Bancorp completed its first bank purchase in Virginia, adding nine branches and $854 million in assets after acquiring Valley Financial Corp. of Roanoke.

BB&T board approves incentive pay for Susquehanna merger

July 1, 2015

(Winston-Salem Journal)

BB&T's board of directors approved $2.6 million in incentives for its top five executives, pending the completion of the bank's acquisition of Lititz, Pa.-based Susquehanna Bancshares and subsequent conversion of its 243 branches. The $2.5 billion deal is expected to close in the third quarter.