Business

Cape Fear area hopes storm moves on by July 4

July 2, 2014

(Wilmington StarNews)

Tropical Storm Arthur poses problems for coastal businesses expecting big hauls during the Fourth of July holiday.

Settlement closes wound for Wake Forest Baptist

July 2, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center agreed to a $280 million settlement from a San Antonio company over a legal dispute involving a wound-treatment device.

Viamet plans IPO

July 2, 2014

(News & Observer, Raleigh)

Durham-based Viamet Pharmaceuticals, a drug developer co-founded by former UNC Chapel Hill chancellor Holden Thorp in 2005, hopes to raise $75 million in a public filing.

Raleigh to relaunch business incubator

July 2, 2014

(News & Observer, Raleigh)

The City Council has decided to relaunch the Raleigh Business and Technology Center. It shuttered the business incubator last year after an audit discovered serious financial problems.

Republic agrees to pay $125 million toward obligations

July 2, 2014

(Winston-Salem Journal)

In an agreement with the N.C. Insurance Department, the parent of Winston-Salem-based Republic Mortgage Insurance Co. has agreed to pay $125 million toward meeting obligations on client claims.

Family Dollar closing 30 stores

July 1, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores announced it will close 30 stores across the Carolinas — 19 in North Carolina and 11 in South Carolina — as part of a restructuring plan.

Charlotte e-cig company up to second in market share

July 1, 2014

(Winston-Salem Journal)

Charlotte-based Mistic said Monday it has moved into second, after passing NJoy, in the electronic-cigarette market. It trails only blu eCigs, which was founded in Charlotte but later bought by Lorillard. 

WakeMed, Duke talk "virtual merger"

July 1, 2014

(News & Observer, Raleigh)

WakeMed Health and Hospitals and Duke Medicine have started discussions to coordinate operations to lower operating costs and improve treatment.

Will Lorillard-Reynolds merger become a foursome?

July 1, 2014

(News & Record, Greensboro)

A fourth party may need to be involved for the rumored Reynolds American-Lorillard merger to become a reality.

'Tammy' boon for the East

July 1, 2014

(Wilmington StarNews)

Tammy, a new film to be released this weekend starring Melissa McCarthy, spent about $14 million in the state last year during its production.