Business

Pantry shareholders approve acquisition deal

March 12, 2015

(The News & Observer, Raleigh)

Shareholders of Cary-based The Pantry approved Alimentation Couche-Tard's proposed $1.7 billion acquisition of the company. The Pantry operates 1,509 stores in 13 states, mostly under the Kangaroo Express brand. Couche-Tard has 6,303 stores in North America. Most of its U.S. stores operate as Circle K.

Duke Energy will pay $146M to settle shareholder lawsuit

March 11, 2015

(The Charlotte Observer)

Duke Energy will settle a shareholder lawsuit related to its 2012 merger with Raleigh-based Progress Energy for about $146 million, the Charlotte-based utility said Tuesday. The class-action lawsuit claimed stemmed from Duke's unexpected decision to fire Progress CEO Bill Johnson just hours after the merger was completed, instead giving the job to Duke CEO Jim Rogers. 

Peanut company adding 78 jobs in Edenton

March 11, 2015

(Winston-Salem Journal)

A peanut company plans to invest $30 million in its Edenton plant and will add 78 jobs. Jimbo's Jumbos, an affiliate of Hampton Farms, currently employs 208 people in Chowan County. 

Greensboro's Jim Melvin creates foundation to manage megasite

March 11, 2015

(The News & Record, Greensboro)

A foundation has been established to coordinate land purchases for a proposed 1,800-acre Randolph County megasite, which Triad leaders hope will attract an auto manufacturer. Jim Melvin, former Greensboro mayor and president of the Joseph M. Bryan Foundation, incorporated the Greensboro-Randolph Megasite Foundation on Feb. 11.

Charlotte's Carolinas HealthCare System profitable in 2014

March 11, 2015

(The Charlotte Observer)

Carolinas HealthCare System ended 2014 with a $173 million operating profit, an 80% increase over the previous year. The Charlotte-based hospital system had predicted it would post its first loss in more than 30 years. Hospital executives attributed the turnaround to a surge in patients.

Forsyth considers $200K for Whitaker Park improvements

March 11, 2015

(Winston-Salem Journal)

Forsyth County commissioners will consider giving $200,000 to Whitaker Park Development Authority for upgrades at a building that would be used as a wet laboratory space for biotech companies. Winston-Salem has already approved $200,000 for the project. A cosmetics-sciences company that would create 56 jobs is considering moving into the space, a county official said.

Bill aims to keep some port contracts confidential

March 11, 2015

(StarNews, Wilmington)

N.C. Sen. Michael Lee of New Hanover County introduced a bill that would prevent the public from viewing certain contracts between the N.C. State Ports Authority and its clients. Lee says the reason for the proposal is that the authority doesn't want competitors to know its price structure. The proposal would not apply to lease and operating agreements.

Sylva's Innovation Brewing involved in trademark dispute

March 11, 2015

(Asheville Citizen-Times)

A small Sylva brewing company founded in 2013 is involved in a trademark dispute with Kalamazoo, Mich.-based Bell's Brewery. Bell's filed a federal action against Innovation Brewing, which only brews about 500 barrels a year, saying its name and slogan "bottling innovation since 1985" could be confused with Bell's "inspired brewing" slogan.

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.