Business

Residents concerned over Ballantyne apartments

August 11, 2014

(The Charlotte Observer)

Ballantyne residents say a proposed apartment complex on land currently zoned for retail would put a strain on local traffic and schools. Terwilliger Pappas Multifamily Partners wants the land, owned by Matthews-based Harris Teeter, rezoned for up to 240 apartment units.

Proposed chicken plant worries Fayetteville residents

August 8, 2014

(The Fayetteville Observer)

About 350 Cumberland County residents attended a meeting Thursday to voice concerns over Sanderson Farms Inc.'s proposed $113 million chicken processing plant. The Mississippi company would hire about 1,000 workers at the site just east of Fayetteville. Some residents and environmentalists say plant operations would lead to poor water quality.

Honda investing $8.5 million in Alamance Co. plant

August 8, 2014

(Winston-Salem Journal)

Honda Power Equipment Manufacturing Inc. will invest $8.5 million in its 375,000-square-foot Swepsonville plant, where it employs more than 600. The company will add a new line of production for snow blowers and will prepare for production of portable generators.

Vegetable plant business to employ 125 in Henderson County

August 8, 2014

(Asheville Citizen-Times)

An international partnership of companies from the U.S., Israel and Italy will create 125 jobs at a plant-grafting business on a 42-acre site in Mills River. Tri-Hishtil will produce plants that are disease resistant without the use of genetically modified organisms, beginning with tomatoes and watermelons.

United Airlines to cut 71 jobs at Charlotte Douglas

August 8, 2014

(The Charlotte Observer)

United Airlines will eliminate 71 jobs at Charlotte Douglas International Airport effective Oct. 1. The company says it will outsource the jobs, which include positions such as ticket agents, as a cost-cutting measure.

Atwater Brewing looks at Wilmington for regional brewery

August 8, 2014

(StarNews, Wilmington)

Atwater Brewing is considering locating a new mid-Atlantic brewery in Wilmington. Other U.S. cities are bidding on the project. If the Detroit-based brewer chooses Wilmington, it would invest $5 million and create at least 30 jobs.

Greensboro's Cone Health may close Women's Hospital

August 8, 2014

(News & Record, Greensboro)

Cone Health may close the 134-bed Women's Hospital in Greensboro and move services to The Moses H. Cone Memorial Hospital. Cone Health Executive Vice President Judy Schanel says the 40-year-old building needs significant renovations.

Chinese manufacturers returning to the Carolinas

August 8, 2014

(The Charlotte Observer)

As labor costs increase in China, textile companies based there are bringing manufacturing jobs back to the U.S., where energy and cotton prices are cheaper.

BofA said to reach settlement with DOJ over mortgage bonds

August 7, 2014

(The Charlotte Observer)

Bank of America has agreed in principle to pay between $16 billion and $17 billion to resolve investigations related to faulty mortgage bonds issued to investors between 2004 and 2008. 

Argos Therapeutics wants Durham to open its wallet for expansion

August 7, 2014

(The News & Observer, Raleigh)

Argos Therapeutics has asked the Durham City Council for a $924,676 incentive for an expansion that could lead to the creation of 236 new jobs and a $41 million capital investment. Durham County commissioners approved a $925,000 incentive last week. The company says five other counties and several locations outside of North Carolina have expressed interest in the project.