Business

Reynolds subsidiary to launch nicotine gum

September 5, 2014

(Winston-Salem Journal)

A Reynolds American subsidiary is planning a national rollout of a nicotine replacement therapy gum. Zonnic will be sold in convenience stores and gas stations, where most people buy tobacco products. GlaxoSmithKline's Nicorette currently claims 43% of the market share of NRT products.

Wake Forest Baptist receives $18 million cancer-research grant

September 5, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center received an $18 million grant from the National Cancer Institute to develop cancer screening and prevention programs and conduct controlled clinical trials.

Wilmington's Live Oak Bank to remain private

September 4, 2014

(Greater Wilmington Business Journal)

Live Oak Bank will remain a private company, despite the Wilmington company's SEC filing for an initial public offering in April (Statewide, June). A company spokeswoman said the bank has closed on a private investment from Boston-based Wellington Management.

BB&T to acquire 41 more Citibank stores in Texas

September 4, 2014

(Winston-Salem Journal)

BB&T Corp. will purchase 41 Texas Citibank branches representing $2.3 billion in deposits for an undisclosed amount. The Winston-Salem-based bank bought 21 Texas branches from New York-based Citigroup in June. The deal, expected to close in the first quarter, will give BB&T 123 branches in Texas.

Decker to face tough vote on Family Dollar buyout offer

September 4, 2014

(The Charlotte Observer)

As the state's top jobs recruiter, N.C. Commerce Secretary Sharon Decker, a member of Family Dollar's board of directors since 1999, will face a tough decision when deciding whether to support Dollar General's $9.1 billion offer to acquire the Matthews-based retailer. The deal could put about 1,400 jobs at the company's headquarters at risk. 

Wilson unsure of pipeline benefits

September 4, 2014

(The Wilson Times)

Wilson city officials worry that the city will reap little or no benefits from a new, 550-mile natural gas pipeline that will run through Wilson County. Chief Operations Officer Dathan Shows says the city has been unsuccessful in efforts to talk with utility companies about purchasing gas from the pipeline.

Randolph megasite group could form independent authority

September 4, 2014

(News & Record, Greensboro)

A group of businesspeople that has been accumulating land for a megasite in Randolph County could form an authority to try to recruit a large auto manufacturer. The group is comprised of members of the Piedmont Triad Partnership, though the nonprofit economic-development group doesn't have authority to grant land to a prospective company.

Report: Icahn sells all of his Family Dollar shares

September 4, 2014

(The Charlotte Observer)

Carl Icahn has sold all of his shares in Matthews-based Family Dollar Stores, according to a Reuters report. The report says Icahn, who encouraged Family Dollar to pursue a sale to Goodlettsville, Tenn.-based Dollar General, made a profit of about $200 million.

More lawsuits filed against Duke Energy over coal-ash practices

September 4, 2014

(The Charlotte Observer)

A group of environmental advocates including New York-based Waterkeeper Alliance filed more lawsuits against Charlotte-based Duke Energy on Wednesday. The lawsuits cite problems with coal-ash storage and groundwater contamination at the utility's power plants in Rowan, Chatham and Wayne counties.

Hanesbrands completes purchase of European apparel company

September 4, 2014

(Winston-Salem Journal)

Hanesbrands Inc. completed a previously announced $528 million acquisition of Paris-based underwear and intimate-apparel manufacturer DBApparel on Friday. It's the second huge deal in less than a year for the Winston-Salem company, which paid $585 million for Iselin, N.J.-based Maidenform Brands Inc. in October.