Business

Regulators OK BB&T's purchase of Susquehanna

July 8, 2015

(Winston-Salem Journal)

BB&T is expected to complete its acquisition of Pennsylvania-based Susquehanna Bancshares Aug. 1. Winston-Salem-based BB&T received federal regulatory approval for the $2.5 billion cash and stock deal on Tuesday.

BCBS eligible for $295 million in ACA payments

July 8, 2015

(The News & Observer, Raleigh)

Blue Cross and Blue Shield of North Carolina, the state's largest health insurer, qualified for almost $295 million in reinsurance payments under the Affordable Care Act for 2014, according to a report released last week. The Chapel Hill-based company is seeking a 25.7% average rate increase for individual policies under the ACA. A spokesman from the N.C. Department of Insurance said insurers could make adjustments to rate requests now that the federal information is available.

Bojangles' ready to grow in Kentucky, West Virginia

July 8, 2015

(The Charlotte Observer)

Bojangles' opened its first West Virginia store Monday and plans to open 50 to 57 more locations system-wide in 2015. The Charlotte-based company, which went public in May, plans to focus the next phase of expansion in Kentucky and West Virginia.

Port officials seek infrastructure improvments

July 8, 2015

(StarNews, Wilmington)

Officials at Port of Wilmington are seeking to add two new cargo container cranes and replace a docking berth for container vessels, improvements they say could allow the port to handle increased container traffic.

NC awards 11 innovation grants

July 8, 2015

(The News & Observer, Raleigh)

Gov. Pat McCrory's office announced Tuesday that 11 North Carolina-based small businesses were awarded innovation grants totaling $544,967. Seven of the companies are based in the Triangle, two are in the Triad and two are based in the Charlotte area.

McColl's PE firm buys Morrisville company

July 8, 2015

Falfurrias Capital Partners, a Charlotte-based private-equity firm started by Hugh McColl Jr. and Marc Oken, said it bought a controlling interest in RegEd, a provider of compliance software for the financial-services industry that is based in Morrisville.

Fort Bragg awaits troop cuts announcement

July 8, 2015

(The Fayetteville Observer)

Army officials are expected to announce Thursday cuts affecting 40,000 soldiers and 17,000 Army civilians, though it is unclear how the cuts will impact Fort Bragg, where more than 10% of the Army's soldiers are based.
Also: Army troop cutdown not expected to widely impact Fort Bragg

Dollar Tree buys Matthews-based Family Dollar

July 7, 2015

(The Charlotte Observer)

Dollar Tree completed its $9.1 billion acquisition of Matthews-based Family Dollar Stores Monday. Howard Levine will remain CEO of Family Dollar for two years and will join Chesapeake, Va.-based Dollar Tree's board of directors.
Also: 2 Charlotte Family Dollar stores to change to Dollar Express

Pork industry doesn't want renewable-energy law to change

July 7, 2015

(The News & Observer, Raleigh)

Pork producers in North Carolina, who have spent millions developing ways to turn hog manure into fuel, are urging state legislators not to change a renewable energy policy that requires utilities to use swine waste to produce electricity.

Study: Jacksonville is most expensive city in NC

July 7, 2015

(Jacksonville Daily News)

A new study says it costs more to live in Jacksonville than in any of North Carolina's 14 metropolitan areas.