Business

Study: 2014 U.S. Opens had $238M economic impact

March 10, 2015

(The Pilot, Southern Pines)

The back-to-back U.S. Opens held last June at Pinehurst Resort had an estimated economic impact of more than $238 million in the state, according to a study released Monday. Visitors spent more than $140 million on goods and services including lodging, food, retail and recreation across a 26-county region.

Western NC faces doctor shortage

March 10, 2015

(Asheville Citizen-Times)

All 16 counties in Western North Carolina have too few health care providers to meet the needs of the population, according to the Mountain Area Health Education Center. A 2015 survey revealed that only 3% of medical-school graduates said they planned to practice in rural areas.

Texas company to build $154M solar farm in Gray's Creek

March 10, 2015

(The Fayetteville Observer)

Principal Solar said it will build a $154 million solar farm that will generate about 72.9 megawatts of electricity in Cumberland and Bladen counties. The Dallas-based company announced plans last month for a $173 million solar project near Hope Mills, about 10 miles from the new site, which it says will be the largest solar facility east of the Rocky Mountains.

7-Eleven waiving franchise fees for Charlotte stores

March 10, 2015

(The Charlotte Observer)

Dallas-based convenience-store chain 7-Eleven will waive upfront franchise fees for 13 stores in the Charlotte area in an effort to expand its local footprint and convert more company-owned stores to franchise stores. The average franchise fee for a store in the Carolinas is $139,828, according to a company spokeswoman.

NC's Grier, Hari make Time's list of influential Web stars

March 10, 2015

(The Charlotte Observer)

Charlotte food blogger Vani Hari (aka Food Babe) and 17-year-old Vine user Nash Grier, who attended Davidson Day School but now lives in California, both landed on Time magazine's list of the 30 most influential people on the Internet.

BofA's Finucane says bank is a simpler, better company since financial crisis

March 10, 2015

(The Charlotte Observer)

Bank of America's global chief strategy officer Anne Finucane said in a Bloomberg interview that the Charlotte-based bank "is a better bank" and is much more transparent than it was before the financial crisis. 

Fayetteville officials oppose Cary's plan to take water from the Cape Fear

March 10, 2015

(The Fayetteville Observer)

State environmental officials gave Cary preliminary approval to remove an additional 9 million gallons a day from the Cape Fear River to accommodate water demand. Opponents in Fayetteville worry the request will affect water quality and availability downstream and will set a precedent for other growing Triangle communities. 

Sierra Nevada opens restaurant, taproom

March 10, 2015

(Asheville Citizen-Times)

Sierra Nevada will open its new restaurant and taproom Tuesday in Mills River. Adjacent to its Henderson County brewery, the restaurant will seat more than 400 people. Outdoor dining will be available later this year, along with a music hall and amphitheater.

Patheon to acquire Oregon pharmaceutical company

March 10, 2015

(The News & Observer, Raleigh)

Durham-based Patheon announced it will acquire Agere Pharmaceuticals, a Bend, Ore.-based company that will help it improve drug-absorption rates in patients. It's Patheon's second acquisition announced in the past week; the company said last week it was buying South Carolina-based drugmaker IRIX for an undisclosed amount. 

Asheville could ban electronic cigarettes

March 10, 2015

(Asheville Citizen-Times)

Asheville City Council is scheduled to vote Tuesday on banning the use of electronic cigarettes on buses, in parks and in other local government buildings. If the ban is approved, violators could be fined $50.