Business

Pipeline meeting attracts hundreds in Nashville

July 2, 2015

(The Wilson Times)

Hundreds of Wilson and Nash property owners filled the Nash Agriculture Center Tuesday for the first landowner-organized meeting for the proposed Atlantic Coast Pipeline project. The natural gas pipeline will have the capacity to transport 1.5 billion cubic feet of natural gas per day.

 

Europe's Lidl grocery chain expanding in Alamance

July 2, 2015

(The News and Observer)

Lidl, a European grocery store chain, will open a new regional headquarters and distribution center employing more than 200 people in Alamance County

Nearly 100 got sick at Charlotte restaurant

July 2, 2015

(The Charlotte Observer)

At least 96 people were sickened during a Norovirus outbreak at Charlotte's Cowfish restaurant in June, the Charlotte Observer reported, citing county health department records.

Karmanos says Hurricanes aren't moving

July 2, 2015

(The News and Observer)

Peter Karmanos continues to seek a buyer for his team, the Carolina Hurricanes, which he says won't leave its fast-growing  market.

BNC Bancorp completes Virginia expansion

July 2, 2015

(The Winston-Salem Journal)

High Point-based BNC Bancorp completed its first bank purchase in Virginia, adding nine branches and $854 million in assets after acquiring Valley Financial Corp. of Roanoke.

BB&T board approves incentive pay for Susquehanna merger

July 1, 2015

(Winston-Salem Journal)

BB&T's board of directors approved $2.6 million in incentives for its top five executives, pending the completion of the bank's acquisition of Lititz, Pa.-based Susquehanna Bancshares and subsequent conversion of its 243 branches. The $2.5 billion deal is expected to close in the third quarter.

Charlotte's Babcock & Wilcox spins off business unit

July 1, 2015

(The Charlotte Observer)

Charlotte-based Babcock & Wilcox split into two companies Tuesday. The company's power-generation business was spun off into a company called Babcock & Wilcox Enterprises and remains based in Charlotte. The government and nuclear operations business is called BWX Technologies and is now based in Lynchburg, Va. Both companies will begin trading separately on the NYSE July 1.

Brunswick County to create economic-development department

July 1, 2015

(StarNews, Wilmington)

Fast-growing Brunswick County will establish an economic-development department Wednesday after all members of a local economic-development commission resigned. Brunswick County Manager Ann Hardy will become interim director of the new department, while Jim Bradshaw, executive director of the commission, will become a special adviser until he retires in October.
Related: Board of economic development group resigns, Greater Wilmington Business Journal

Rooms to Go seeks to fill 225 jobs in Dunn

July 1, 2015

(The Fayetteville Observer)

Rooms to Go will begin hiring this month for its Dunn distribution center, which is expected to open in August. The $40 million project will create the company's second largest U.S. distribution center.

Congress allows federal Export-Import Bank to expire

July 1, 2015

(The News & Observer, Raleigh)

The federal Export-Import Bank was set to expire Tuesday, despite protests from the National Association of Manufacturers, which says the bank's existence is critical for the U.S. to compete in the global marketplace.
Related: Local companies disappointed at export-import bank sunset, Greater Wilmington Business Journal