Business

BofA to issue debit cards with microchips

October 1, 2014

(The Charlotte Observer)

Bank of America says it will be the first major U.S. bank to issue debit cards with embedded microchip technology. The bank will give the cards to new consumers and small-business customers, while existing customers will receive the new cards when their old debit cards expire. 

Family Dollar affirms plans for Dollar Tree deal

October 1, 2014

(The Charlotte Observer)

In an email to employees Tuesday, Family Dollar Stores said it is proceeding with plans to be acquired by Chesapeake, Va.-based Dollar Tree despite Dollar General's hostile $9.1 billion bid for the Matthews-based retailer.

Biltmore to open second hotel at Asheville estate

October 1, 2014

(Winston-Salem Journal)

The Biltmore Co. plans to begin construction by mid-October on a second hotel at Biltmore Estate. The Village Hotel next to the winery in Antler Hill Village will have 209 guest rooms and is expected to open by November 2015. The project is expected to create about 230 jobs. 

 

More than 90,000 claim checks issued in ZeekRewards case

October 1, 2014

(The Dispatch, Lexington)

The receiver in the ZeekRewards.com case said 90,297 checks were being issued to claimants who lost money in the Lexington-based Ponzi scheme. The first interim, partial distributions total about $134.2 million.

NC State engineering job fair attracts record crowd

October 1, 2014

(The News & Observer, Raleigh)

A record 373 employers were on hand for the first day of N.C. State University's biannual engineering career fair. About 4,000 job seekers turned out for the event held at the McKimmon Center in Raleigh.

E-cigarette company moves production to Greenville

October 1, 2014

(The News & Observer, Raleigh)

Mistic Electronic Cigarettes has moved its manufacturing operations from China to Greenville. The Charlotte-based company already produced the flavored liquid for its e-cigarettes domestically, but the devices were made in China. Mistic, which retails in 60,000 stores nationwide, said the move will help reduce production costs and improve quality control.

Moore County country club for sale

October 1, 2014

(The Fayetteville Observer)

Seven Lakes Country Club, which has seen its membership decline in recent years, is for sale. The Moore County golf club, opened in 1976, will accept sealed bids until Nov. 6 at noon. General Manager Mike Floyd said the club needs about $3 million to $4 million in repairs.

CRO acquires Singapore company

October 1, 2014

(The News & Observer, Raleigh)

Chiltern has acquired Singapore-based Pacific Clinical Research, allowing the contract research organization to double its presence in the Asia-Pacific region. The United Kingdom-based company acquired Cary-based Ockham in July and has operations in Wilmington.

Cone Health announces $100 million plan for new projects

September 29, 2014

(News & Record, Greensboro)

Cone Health will spend $100 million to relocate its Women's Hospital to a new 50,000-square-foot addition at its main Greensboro campus and build a new Behavioral Health Hospital. Both projects are expected to be completed by 2019. 

 

Announcement planned for Durham redevelopment project

September 30, 2014

(WRAL TechWire)

Developers will unveil plans for the "Durham Innovation District" on Wednesday, a downtown project with 1.7 million square feet of office space plus apartments and retail. The project, which will have an emphasis on life-science companies, is led by Boston-based Longfellow Real Estate Partners and Hank Scherich, founder and president of Durham-based Measurement Inc.