Business

Lumber Bridge poultry plant gives away Thanksgiving dinners for more than 17,000

November 24, 2014

(The Fayetteville Observer)

Mountaire Farms in Robeson County donated food for about 17,500 people as part of the company's Thanksgiving for Thousands program. Ninety-seven churches will help distribute the food boxes, which include chickens, yams, brownie mix and cranberry sauce. 

Bailout could lead to buyout of Harnett Health System

November 24, 2014

(The Fayetteville Observer)

Under the terms of its new 10-year management agreement with Dunn-based Harnett Health System, Fayetteville-based Cape Fear Valley Health could eventually buy out the financially troubled hospital system, which lost $24 million in 2013 and is projected to lose $16 million this year.

Surge in renovation proposals as tax credit nears expiration

November 24, 2014

(The News & Observer, Raleigh)

Developers across the state are rushing to get rehabilitation projects at warehouses, mills and other structures approved before North Carolina's historic-preservation tax credit expires at year-end. Many say the projects will never be completed without state incentives.

Atlanta developer to build second SkyHouse apartment tower in Charlotte

November 24, 2014

(The Charlotte Observer)

Atlanta-based Novare Group said it has acquired land in uptown Charlotte and will begin construction on a second SkyHouse apartment tower next year. A two-story motel will be demolished by year-end to make way for the project. Construction on the first phase of SkyHouse Uptown, a 24-story, $63 million tower, is expected to be completed in mid-2015. 

Burlington's LabCorp completes LipoScience acquisition

November 24, 2014

(The News & Observer, Raleigh)

Laboratory Corporation of America completed its $83.5 million acquisition of Raleigh-based LipoScience last week after shareholders of both companies approved the deal. Burlington-based diagnostics company LabCorp employs 34,000 worldwide, including 6,800 in North Carolina.

Goldsboro Country Club to close

November 24, 2014

(The Goldsboro News-Argus)

Goldsboro Country Club, chartered nearly 70 years ago, will close its doors by year-end. The reason for the closure was unclear.

Raleigh's Republic Wireless ranked No. 1 prepaid carrier

November 21, 2014

(The News & Observer, Raleigh)

Raleigh-based Republic Wireless unseated TracFone as the top-rated prepaid cellphone provider in Consumer Reports magazine's latest ranking. Republic, a spinoff of Raleigh-based Bandwidth.com, allows users to make calls over wireless Internet networks with cellular service as a backup when Wi-Fi isn't available ("Calling Ahead," September 2013).

Halifax Media sold to New York publisher for $280M

November 21, 2014

(StarNews, Wilmington)

New York-based New Media Investment Group will acquire Daytona Beach, Fla.-based Halifax Media Group for $280 million in cash. Halifax publishes 36 newspapers in six Southeastern states, including The Gaston Gazette, The Shelby Star, Wilmington-based StarNews and eight others in North Carolina. New Media's portfolio includes 450 community publications in 27 states.

Dollar Tree expects FTC approval of Family Dollar deal

November 21, 2014

(The Charlotte Observer)

Dollar Tree CEO Bob Sasser said Thursday he expects federal antitrust regulators will approve his company's proposed $8.5 billion acquisition of Matthews-based Family Dollar Stores without requiring it to divest too many stores. The companies agreed to sell as many as 500 stores, though Sasser told analysts he expects that number will be smaller, which could make the deal more attractive to shareholders.

Wilmington startup launches app for wine and beer drinkers

November 21, 2014

(WRAL TechWire)

Wilmington-based Next Glass launched on Thursday its much-anticipated app designed to help beer and wine drinkers find brands they will like. The tech startup held its beta launch on Nov. 5, with 20,000 people signing up within 24 hours. Next Glass has raised more than $3 million from investors, according to CEO Kurt Taylor.