Business

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.

Wilmington engineering firm expands to Charlotte, Atlanta

September 4, 2014

(Greater Wilmington Business Journal)

Criser Troutman Tanner Consulting Engineers, founded in Wilmington in 1950, has opened an office in Charlotte and one in Atlanta. A company spokeswoman said the engineering firm has existing clients and prospects in both cities.

McCrory says pipeline will generate economic growth in Eastern NC

September 3, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory told business leaders in Robeson and Wilson counties the $4.5 billion Atlantic Coast Pipeline will create more than 700 jobs in Eastern N.C. during the construction phase and about 50 permanent jobs once the project is completed. The pipeline is a joint venture between Dominion Resources, Duke Energy, Piedmont Natural Gas and AGL Resources.

Consultant says NC must pass incentives soon to attract auto-maker

September 3, 2014

(News & Record, Greensboro)

A site-selection consultant says North Carolina must expand its incentive program if it wants to recruit a major auto manufacturer to the state. Gov. Pat McCrory said Tuesday he is considering reconvening the General Assembly to discuss economic-development issues.

Report shows $28.9 million loss for Wake Forest Baptist

September 3, 2014

(Winston-Salem Journal)

An unaudited report shows Wake Forest Baptist Medical Center posted an operating loss of $78.4 million and overall loss of $28.9 million for its fiscal year ended June 30. Operating revenues were up 8.9% for the year, while expenses jumped 68.5%.

Kellogg to begin layoffs at Charlotte plant in November

September 3, 2014

(The Charlotte Observer)

Kellogg Co. will begin the first phase of layoffs at its snack plant near uptown Charlotte in November. The Battle Creek, Mich.-based company announced the plant closure and layoffs in February. A total of 161 employees will lose their jobs.

Hundreds turn out for Fayetteville chicken-plant meeting

September 3, 2014

(The Fayetteville Observer)

About 400 people gathered Tuesday night to hear local chamber and state agriculture officials present information about Sanderson Farms' proposed chicken-processing plant in Cumberland County. The proposed $113 million plant would create up to 1,000 jobs, though opponents are concerned about odor and the plant's effect on local water quality. 

Chiquita fires back at Brazilian companies in shareholder letter

September 3, 2014

(The Charlotte Observer)

In a letter to shareholders Tuesday, Charlotte-based Chiquita Brands International said Brazilian companies Cutrale and Safra have made "inaccurate and misleading public statements" in an effort to convince shareholders to vote down its pending merger with Dublin-based Fyffes.