Construction begins on 22-story hotel tower in Charlotte

November 6, 2015

(The Charlotte Observer)

Site work will begin in the next few weeks on a new 22-story hotel tower to be built atop the EpiCentre entertainment venue in downtown Charlotte. The project includes a 184-room AC Hotel and a 116-room Residence Inn. Both are Marriott concepts. Construction is expected to be complete in late 2017.

Reynolds receives unsolicitied mini-tender offer

November 6, 2015

(Winston-Salem Journal)

Reynolds American received an unsolicited bid from Canadian investment group TRC Capital. TRC offered to buy up to 2 million shares for $43.95 each in cash, 4% below Reynolds' closing stock price on Wednesday. The Winston-Salem-based tobacco company issued a statement saying it does not endorse the offer and recommended that shareholders do not tender their shares.

NC A&T graduates the most black engineers in the US

November 6, 2015

(News & Record, Greensboro)

North Carolina A&T State University in Greensboro awarded 125 bachelor's degrees in engineering to African-American students, more than any other college in the nation for the sixth year in a row.

Triangle hiring managers weigh in on college choices

November 6, 2015


Some Triangle hiring managers say a name recognition of a college or university is a factor in recruiting, along with grade point average, internships and participation in study abroad programs.

Belk shareholders approve sale

November 5, 2015

(The Charlotte Observer)

As expected, Belk shareholders approved on Wednesday the company's sale to New York-based private equity firm Sycamore Partners. The $3 billion deal has cleared all regulatory hurdles, Charlotte-based Belk said in a statement, and is expected to close in late November or early December.

Duke Energy drops plan for western NC transmission lines

November 5, 2015

(Mountain Xpress, Asheville)

Following months of public protests, Duke Energy has reconfigured plans to replace its coal-fired power plant in western N.C., and scrapped a plan to build a 45-mile transmission line from Asheville to Campobello, S.C. The utility will replace the coal plant with two smaller natural-gas ones, eliminating the need for the new lines.

Raleigh's Red Hat partners with Microsoft in cloud computing

November 5, 2015

(The News & Observer, Raleigh)

Red Hat is teaming up with Microsoft in a deal that will accelerate the Raleigh-based software company's revenue from cloud-based services, analysts say. The partnership will enable businesses to run Red Hat Enterprise Linux software on Azure, Microsoft's cloud-computing platform.

Old Dominion rededicates Thomasville office

November 5, 2015

(High Point Enterprise)

Old Dominion Freight Line showed off its renovated corporate headquarters Wednesday, a project that added 166,000 square feet and could provide space for 300 additional workers. Revenue for the trucking company has grown from $500 million in 2001 to almost $3 billion in 2015, CEO David Congdon said.

BB&T elevates Bradley, Weaver to exec group

November 5, 2015

BB&T added W. Bennett Bradley and David H. Weaver to its management team, which now numbers 13. It's the first change in the executive group since December 2014. Both Bradley and Weaver are North Carolina natives and veteran BB&T managers.

Wilmington companies rank among best for workplace culture

November 5, 2015

(Greater Wilmington Business Journal)

Banking software company nCino and N2 Publishing, a publisher of community magazines, were ranked on Entrepreneur magazine's list of Top Company Cultures. The rankings were based on 10 core qualities, including innovation, communication, work environment and mission.