Business

Wilmington Downtown wants more time to consider MSD

May 4, 2015

(Greater Wilmington Business Journal)

Wilmington Downtown wants to extend a May 1 deadline to submit a recommendation on the creation of a municipal service district. A task force that has studied the potential MSD, which would assess special taxes for services beyond what the city provides, says it needs more time to meet with downtown residents and develop plans.

Family Dollar sale nears completion

May 4, 2015

(The Charlotte Observer)

Dollar Tree said it expects to complete its $8.5 billion purchase of Matthews-based Family Dollar Stores this month. The Chesapeake, Va.-based discount retailer has said it will keep the Family Dollar name and headquarters, though impact on corporate jobs is unclear. The companies are awaiting approval from the Federal Trade Commission.

Lifespan of Duke Energy's coal-ash liners questioned

May 4, 2015

(The News & Observer, Raleigh)

Some engineers are questioning the durability of landfill liners that will be used by Charlotte-based Duke Energy to contain coal ash. The Kentucky-based company that is building the landfills says they will last more than 500 years, though studies have shown the liners could last anywhere from a few decades to 1,000 years before they begin to leak.

Concord's Alevo preps for production

May 4, 2015

(The Independent Tribune, Concord)

Alevo Group expects to be producing batteries within six weeks at the 2.3 million-square-foot former Philip Morris cigarette plant in Concord. Scott Schotter, chief marketing and sustainability officer, says the plant could have as many as 20 assembly lines in five years, depending on market demand for its GridBanks product.

Grubb Properties launches new fund

May 4, 2015

(The Charlotte Observer)

Charlotte-based Grubb Properties launched a new fund, its fifth since 2009, to raise money for acquiring and developing residential and commercial properties in urban areas.

Film industry spent $241M in NC in 2014

May 1, 2015

(StarNews, Wilmington)

Film and TV productions spent more than $241 million in North Carolina in 2014 and are eligible to receive $60 million in state incentives. More than half the expenses – $137 million – represent productions shot in Brunswick, New Hanover and Pender counties. Fox's Sleepy Hollow was the biggest spender, with expenses totaling more than $43 million.

Former Beazer Homes exec sentenced in Charlotte

May 1, 2015

(The Charlotte Observer)

A former Beazer Homes USA executive was sentenced to 10 years in prison for his role in an accounting scheme that led to hundreds of foreclosures in the Charlotte area. Michael Rand was the Atlanta-based homebuilder's former chief accounting officer.

Lenovo tablet, smartphone sales climb

May 1, 2015

(WRAL TechWire)

Tablet shipments at Lenovo grew 23% in the first quarter compared with the same quarter in 2014, despite slumping sales reported by competitors Apple and Samsung. Smartphone sales also increased, driven by Lenovo's acquisition of Google's Motorola Mobility unit last fall.

NC companies rank on list of top technology innovators

May 1, 2015

(WRAL TechWire)

InformationWeek's 2015 "Elite 100" list of top technology innovators in the United States includes several companies based in or having major operations in North Carolina. Pfizer, Biogen, Merck, Quintiles and the City of Asheville made the list, which features companies that incorporate IT in all aspects of their operations.

Food Lion revenue increases amid store makeovers

May 1, 2015

(The Charlotte Observer)

Delhaize, the Brussels-based parent company of Salisbury-based Food Lion, said first quarter sales at its U.S. stores increased 3.2% to $4.4 billion compared with the same period last year. CEO Frans Muller said the company was encouraged by results at recently renovated Food Lion stores.