Business

Diamond Brand to open three Asheville stores

August 13, 2014

(Asheville Citizen-Times)

Diamond Brand, the Fletcher-based manufacturer of tents and outdoor gear, plans to open three retail locations in Asheville this fall. The company has a retail store in Arden.

Sports tourism lifts economy in west Forsyth, Davie

August 13, 2014

(Winston-Salem Journal)

Recent sporting events have brought 10,000 visitors to western Forsyth and Davie counties, with an estimated economic impact of $3 million. Recent events including the Wyndham Championship, a youth soccer tournament and a cycling event have given hotels and restaurants an economic boost. 

Brazilian companies make $610M bid for Chiquita

August 12, 2014

(The Charlotte Observer)

Two Brazilian companies announced a counteroffer to buy Charlotte-based Chiquita Brands International for $610.6 million in cash. The produce company previously announced plans to merge with Dublin-based Fyffes by year-end, a deal that would require moving its headquarters to Ireland.

Plastics company to add 80 jobs at Western NC plant

August 12, 2014

(Asheville Citizen-Times)

Sigma Plastics Group will create 80 jobs at a printing and packaging plant in Transylvania County. The Lyndhurst, N.J.-based company, which makes polyethylene films and bags, will invest $5.5 million in renovations at the former Coats America plant in Rosman.

Former Progress exec named CFO of Raleigh's Highwoods

August 12, 2014

(The News & Observer, Raleigh)

Highwoods Properties named Mark Mulhern chief financial officer. Mulhern spent 16 years with Progress Energy until his departure following the company's 2012 merger with Charlotte-based Duke Energy. He replaces Terry Stevens, who is retiring.

SAS to sponsor computer-science research projects at NC State

August 12, 2014

(WRAL.com)

Cary-based software company SAS formed an agreement with N.C. State University to fund joint research projects in areas including cyber security, big data and health-monitoring technologies. 

Charlotte Hornets expected to submit bid for NBA All-Star Weekend

August 12, 2014

(The Charlotte Observer)

The Charlotte Hornets will hold a press conference this morning where the team is expected to announce plans to bid on hosting either the 2017 or 2018 NBA All-Star Weekend. League Commissioner Adam Silver said in March an All-Star bid would be contingent on the city agreeing to make upgrades to the nine-year-old arena.

Sills named CEO of Mechanics and Farmers Bank

August 12, 2014

(The News & Observer, Raleigh)

Durham-based Mechanics and Farmers Bank named James H. Sills III president and CEO effective Sept. 1, replacing Kim Saunders, who stepped down in March. Sills has held leadership roles at MBNA America Bank, First Tuskegee Bank and Memphis First Community Bank.

Filing reveals details of Dollar Tree-Family Dollar deal

August 12, 2014

(The Charlotte Observer)

A securities filing Monday shows that Chesapeake, Va.-based Dollar Tree Inc. began pursuing a possible acquisition of Matthews-based Family Dollar Stores Inc. in late February.

Wilmington startups chosen for tech conference

August 12, 2014

(Greater Wilmington Business Journal)

Two Wilmington startups were chosen among 18 "hottest emerging tech companies" by Durham-based Council for Entrepreneurial Development. Next Glass and nCino Inc. will present at the organization's Tech Venture Conference in Raleigh in September.