Business

CSX looks to be losing interest in Johnston County

February 15, 2016

(The Raleigh News & Observer)

CSX Corp. has told some landowners around Selma that it is ending purchase agreements. The Jacksonville, Fla.-based railroad has considered Johnston County for a $272 million intermodal hub to speed deliveries between central North Carolina and the state's ports.

Amtrak makes room for pets on NC trains

February 15, 2016

(The Fayetteville Observer)

Starting Tuesday, passengers on the Carolinian and Piedmont trains can bring cats and small dogs with them. Pets must weigh 20 pounds or less and be in a carrier, and there is a $25 pet fee.

Charlotte's Packard Place partners with HQ Raleigh

February 15, 2016

(The Charlotte Observer)

The co-working segment of Packard Place, a startup hub in downtown Charlotte, will be rebranded as HQ Charlotte, joining the network that includes HQ Raleigh and HQ Greensboro. Members, who pay a monthly fee for access to a shared workspace, will be able to work at any of the locations under the HQ umbrella.

Utah furniture company to open distribution center in Spencer

February 15, 2016

(The Salisbury Post)

Intercon Furniture plans to open a 100,000-square-foot warehouse and distribution center in Rowan County. The Utah-based, family-owned company plans to initially hire 15 people.

Fresh Market shares jump amid talk of Kroger bid

February 12, 2016

(The Charlotte Observer)

Shares of Greensboro-based The Fresh Market closed Thursday up 22% after Reuters reported that Kroger is looking to buy the company. The Cincinnati grocery chain, which acquired Matthews-based Harris Teeter in 2014, is in the second half of an auction process for Fresh Market, according to the report.

BofA's Moynihan earned $16M in 2015

February 15, 2016

(The Charlotte Observer)

Bank of America CEO Brian Moynihan's total compensation last year included a base salary of $1.5 million — unchanged from 2014 —  and $14.5 million in stock. Moynihan's total pay is higher than the $13 million he earned the year before and is the most he's been paid since becoming CEO in 2010.

New call center will create 350 jobs in Charlotte

February 12, 2016

(The Charlotte Observer)

Republic Services will invest $6.8 million in a customer-service center in Charlotte.The Phoenix-based company provides recycling and waste-collection services in 39 states. Republic plans to hire 350 people over the next three years.

Report: SEC probe centers on former Salix execs

February 12, 2016

(WRAL TechWire)

Carolyn Logan, the former CEO of Salix Pharmaceuticals, and Adam Derbyshire, former chief financial officer of the Raleigh drugmaker, are subjects of an SEC investigation of the company that centers on inventory and accounting issues that occurred in 2014, according to a Reuters report. Salix was sold last year to Canada-based Valeant Pharmaceuticals for $11 billion.

BofA stock slides; shares now trading at 2012 levels

February 12, 2016

(The Charlotte Observer)

Shares of Charlotte-based Bank of America were trading at $10.99 Thursday, the lowest since December 2012. Shares closed Thursday at $11.16. Analysts said uncertainty about future interest rate increases are affecting BofA's stock performance, along with declining oil prices and concerns over the global economy.

Group pays $187M for Durham's West Village

February 12, 2016

(The News & Observer, Raleigh)

An affiliate of The Connor Group, an Ohio-based real-estate investment firm, has acquired Durham's West Village for $187 million, according to property records. West Village includes 609 apartments and more than 100,000 square feet of commercial space; it was developed by former Duke basketball stars Christian Laettner and Brian Davis and Tom Niemann, a Duke business school grad.