Business

Google delays high-speed fiber announcement

December 19, 2014

(The Charlotte Observer)

Mountain View-Calif.-based Google has delayed an announcement on whether it will bring its high-speed fiber network to Charlotte and eight other cities. The technology company says it will provide more information early next year.

Wilmington considers business district tax

December 19, 2014

(StarNews, Wilmington)

Wilmington Downtown Inc. is mulling the creation of a downtown business district that would be taxed higher than other parts of the city to pay for improvements to the area.

NC Medicaid expansion has big benefits, study says

December 19, 2014

North Carolina could add 43,000 jobs and boost the economy by more than $10 billion by 2020 if the state expands Medicaid eligibility, according to a report by researchers at George Washington University.

Hickory loses golf tournament in 2015

December 19, 2014

(The Charlotte Observer)

The 2015 PGA Champions Tour has replaced the Greater Hickory Classic at Rock Barn Golf & Spa with a tournament in San Antonio, Texas. The tournament was unable to line up enough sponsors.

Pantry stock soars amid rumors of sale

December 18, 2014

(The Charlotte Observer)

Shares of The Pantry rose 23% on Wednesday following a Wall Street Journal report that the company was close to being sold. The Cary-based company operates about 1,500 convenience stores in thirteen states, mostly under the Kangaroo Express brand. The Pantry reported fourth-quarter profits of $15.4 million, compared with $1.4 million for the same period a year ago.

RTP to unveil redevelopment site plan Jan. 15

December 18, 2014

(WRAL TechWire)

The Research Triangle Park Foundation will unveil the first phase of its 100-acre redevelopment project it says could eventually create 100,000 jobs. RTP describes "The Frontier" as " the Triangle's newest meeting spot for those looking for a place to plug in, or a new office location."

Morgan stepping down as executive chairman of Krispy Kreme

December 18, 2014

(Winston-Salem Journal)

Jim Morgan will remain chairman of Winston-Salem-based Krispy Kreme Doughnuts, though in a non-executive role as of Jan. 29. He was chief executive of the Winston-Salem-based company from January 2008 until June 2014, when Tony Thompson became CEO and president (Statewide, December).

Charlotte-based Dynacast sold for $1.1 billion

December 18, 2014

(The Charlotte Observer)

A Swiss investment-management firm will buy Charlotte-based Dynacast International for $1.1 billion. Dynacast makes metal components for small electronic devices such as car key fobs and operates 23 manufacturing plants in 16 countries.

New Hanover Regional reports $53M surplus

December 18, 2014

(StarNews, Wilmington)

New Hanover Regional Hospital reported an operations surplus of $53.5 million for fiscal year 2014, more than double the projected amount. 

Union County, Monroe approve $917K in incentives for Scott Safety

December 18, 2014

(The Charlotte Observer)

Union County and the city of Monroe approved incentives of up to $917,000 for Scott Safety, a division of Ireland-based Tyco International, to invest $28 million in an expansion of its local plant. The company would add 67 jobs to its existing 600. Scott Safety, which makes respiratory-protection and other safety products for law-enforcement officials, is also considering sites in England and India.