Business

Asheville soda-maker signs distribution agreement with RC Cola

July 11, 2014

(Asheville Citizen-Times)

Soft drinks made by Asheville-based Blue Blaze Soda Co. will be available at Western N.C. restaurants through a distribution agreement with RC Cola. Blue Blaze sodas are all-natural and do not contain high-fructose corn syrup.

Triangle business leaders push for changes to immigration laws

July 10, 2014

(WRAL.com)

Triangle business leaders say U.S. immigration rules make it hard to fill jobs in fields including biotechnology and engineering. Leaders, including SAS Institute co-founder Jim Goodnight, say the U.S. needs to expand visas for farm workers and highly skilled workers.  

Report fuels rumor of BAC buyout of Reynolds American

July 10, 2014

(Winston-Salem Journal)

A British media outlet reported Wednesday that British American Tobacco could spend up to $75 a share, or $23.3 billion, to buy all of the remaining shares of Reynolds American stock it doesn't own.

Cape Fear Valley Health System seeks to expand

July 10, 2014

(The Fayetteville Observer)

Cape Fear Valley Health System has filed an application to add 34 beds to the existing 490 at its medical center in Cumberland County. The project would cost $30 million, according to the state Department of Health and Human Services.

Allegiant Air adding flights in Concord

July 10, 2014

(Independent Tribune, Concord)

Allegiant Airlines will add six weekly flights to three additional Florida destinations from Concord Regional Airport beginning in October. The Las Vegas-based airline began service from Concord to Orlando in December with two weekly flights.

BofA again seeking dividend increase

July 10, 2014

(The Charlotte Observer)

Bank of America again wants to raise its quarterly dividend to 5 cents a share, according to The Wall Street Journal. The bank had planned increasing its dividend from 1 cent earlier this year, but had to suspend that plan when it realized it had made accounting errors in its capital plan.

US Attorney General refuses to meet with BofA CEO

July 10, 2014

(The Charlotte Observer)

U.S. Attorney General Eric Holder declined to meet with Bank of America CEO Brian Moynihan to discuss a potential settlement over mortgage-related probes. The Justice Department sought a $17 billion settlement and ended talks with the Charlotte-based bank after it offered to pay about $12 billion.

French company breaks ground on new Durham plant

July 10, 2014

(The News & Observer, Raleigh)

BioMérieux broke ground on 25,000-square-foot plant in Durham where it will make products to detect bloodborne infections. The $48 million expansion will add 44 jobs to the French health diagnostics company's existing 630 at its U.S. headquarters there.

Belk to expand SC distribution center

July 10, 2014

(The Charlotte Observer)

Charlotte-based Belk Inc. will invest $28 million and add 20 jobs in an expansion of its e-commerce distribution center in Jonesville, S.C. Its landlord will invest an additional $19 million. The retailer reported 42% growth in online sales in the first quarter.

Film advocates disagree with McCrory's claims of 'abuse' of film subsidies

July 10, 2014

(StarNews, Wilmington)

North Carolina film industry leaders don't agree with Gov. Pat McCrory's comments suggesting that the state's film-incentive program has been abused.