Business

Reynolds American earns $492 million in quarter

July 30, 2014

(Winston-Salem Journal)
Reynolds American Inc. reported second quarter net income increased 6.7 percent to $492 million, as higher pricing and market-share gains for Camel and Pall Mall offset lower sales and costs from launching distribution of the electronic cigarette Vuse.

Martin-Marietta beats earnings estimates

July 30, 2014

(News and Observer, Raleigh)

Martin-Marietta Materials earned $1.34 per share in the second-quarter, beating analyst estimates of $1.29.

Variety Wholesalers plans southeast Raleigh grocery

July 30, 2014

(News and Observer, Raleigh)

Variety Wholesalers, the retail-store chain owned by Art Pope, bought a Kroger store in southeast Raleigh with plans to open a Rose's store and an adjacent supermarket.

Heist movie turns Asheville into Charlotte

July 30, 2014

The comedy starring Zach Galifianakis, Owen Wilson and Kristen Wiig transformed the streets of Asheville, making the Buncombe County Courthouse serve Mecklenburg County. The film is based on a real-life robbery in Charlotte in 1997.

Vegas furniture market adding showroom space

July 30, 2014

(High Point Enterprise)
International Market Centers, which owns the three major showrooms at the High Point furniture market, is expanding its Las Vegas site with about 134,000-square-feet of additional space. 

Duke deal expected to lower power costs in eastern N.C.

July 29, 2014

(The Charlotte Observer)

Duke Energy agreed to pay $1.2 billion for North Carolina Eastern Municipal Power Agency's stake in four power plants.The deal should allow Raleigh-based ElectriCities, which manages the agency, to eliminate 70% of its debt and lower power costs to its 270,000 retail customers.

For Family Dollar, the drama is done

July 29, 2014

(The Charlotte Observer)

The sale of Family Dollar Stores to Dollar Tree for more than $8 billion ends four years of activist-investor-led drama for the Matthews-based discount retailer.

Drug disappointment forces Targacept to branch out

July 29, 2014

(Winston-Salem Journal)

Targacept's latest clinical-trial disappointment will force the Winston-Salem-based drug developer to attract partnerships or take ownership stakes in areas outside its traditional research.

A privilege not to pay the privilege tax

July 29, 2014

(Wilmington StarNews)

A new law bans North Carolina municipalities from charging businesses a privilege tax beginning in 2015.

HondaJet makes its debut

July 29, 2014

(The News & Record, Greensboro)

Honda Aircraft Co., which is based at Piedmont Triad International Airport, debuted its HondaJet at the Experimental Aircraft Association's AirVenture show in Wisconsin.