Business

Brazilian companies seek to block Chiquita-Fyffes merger

August 27, 2014

(The Charlotte Observer)

Two Brazilian companies who made an unsuccessful bid to buy Charlotte-based Chiquita Brands International presented to an advisory group whose recommendation could help sway shareholders to vote against Chiquita's proposed merger with Dublin-based Fyffes.

Fayetteville officials to hold public meeting on proposed poultry plant

August 26, 2014

(The Fayetteville Observer)

The Fayetteville Regional Chamber will host a public meeting Sept. 2 to discuss Sanderson Farms' proposed $113 million chicken-processing plant. Opponents to the plant, which would create about 1,000 jobs, have voiced concerns over traffic, feathers, noise and potential groundwater contamination.

Redden named new regional president at Wells Fargo

August 27, 2014

(The Charlotte Observer)

Wells Fargo named Rick Redden regional president for the Carolinas. Redden, 44, has been based in Charleston, S.C., as the bank's South Carolina regional president since 2007. He replaces Stan Kelly, who retired at the end of July. 

Wake Forest requests brownfields approval for research park

August 27, 2014

(Winston-Salem Journal)

Wake Forest Innovation Quarter is asking for state help to redevelop a 51.7-acre site in its downtown Winston-Salem research park. A brownfields certification from the state would allow the park to receive tax credits to help pay for cleanup costs of the property, which is likely contaminated due to previous commercial and industrial use.

Wilmington's PPD names new CFO

August 27, 2014

(Greater Wilmington Business Journal)

PPD named Robert Hureau executive vice president and chief financial officer effective Sept. 23. He comes from Centaur Guernsey L.P., a San Antonio, Texas-based medical technology company, where he served in the same roles.

Hemans chosen to expand retail in uptown Charlotte

August 27, 2014

(The Charlotte Observer)

Charlotte Center City Partners has created a new position to bring more retail businesses uptown. Chris Hemans, the economic-development organization's director of business recruitment, will assume the new role as director of retail. 

Highwoods sells 11 non-core properties in Richmond, Va.

August 27, 2014

(The News & Observer, Raleigh)

Raleigh's Highwoods Properties sold 11 buildings totaling 359,000 square feet in Richmond, Va., for $40.7 million. The real estate investment trust has sold $103.4 million of its non-core properties this year.

Akin to become CEO of Cone Health Oct. 1

August 27, 2014

(News & Record, Greensboro)

Terry Akin will become chief executive officer of Greensboro-based Cone Health effective Oct. 1, three months earlier than previously announced. Akin, currently president and chief operating officer, will replace Tim Rice, who is retiring.

Hundreds question safety of fracking at Reidsville hearing

August 26, 2014

(Winston-Salem Journal)

About 450 people turned out Monday for a four-hour hearing on fracking in Rockingham County. About 100 people spoke at the public meeting, the third such one held this month by the state Mining and Energy Commission. The next public hearing will be held Sept. 12 at Western Carolina University.

Charlotte proposes spending $33.5 million on arena upgrades

August 26, 2014

(The Charlotte Observer)

Charlotte City Council members will vote Sept. 8 on spending $27.5 million for improvements to Time Warner Cable Arena, plus another $6 million for maintenance over the next 10 years. The money would come from an existing hotel/motel tax and a car-rental tax.