Business

NC Research Campus ready for growth

October 13, 2014

(The Charlotte Observer)

While the recession stalled growth at North Carolina Research Campus in Kannapolis, the campus will soon begin more independent research and plans to make a major corporate announcement within a month or so. David Murdock, who opened the campus in 2008, announced earlier this month he will give $15 million a year to the center's research lab that bears his name.

Durham tech startup gets 12,000 pre-orders for fitness device

October 13, 2014

(The News & Observer, Raleigh)

A Durham-based technology startup says it has received 12,000 pre-orders for a wearable fitness-tracking device for kids. Squord (pronounced "scored") CEO Coleman Greene says the company expects to sell 15,000 Squord Boosters by year-end.

33-story Charlotte office tower sold

October 13, 2014

(The Charlotte Observer)

Trinity Capital Advisors and New York-based DRA Advisors have bought the 584,000-square-foot 400 South Tryon office tower in uptown Charlotte. The 33-story building is 92% occupied, mostly by Charlotte-based Duke Energy. Charlotte-based Trinity Capital recently announced it will build a 14-story office tower at Morehead and Tryon streets near uptown.

Acquisitions boost share prices for Hanesbrands

October 13, 2014

(Winston-Salem Journal)

Recent acquisitions of Maidenform and DBApparel have led some analysts to set share price targets for Winston-Salem-based Hanesbrands as high as $125.

 

Greensboro's NewBridge Bank to acquire Premier Commercial

October 10, 2014

(News & Record, Greensboro)

NewBridge Bank will acquire Greensboro-based Premier Commercial Bank in a transaction valued at about $19.8 million. The combined bank will have assets of $2.6 billion. The deal is expected to close in the first quarter of 2015.

Judge will consider arguments in battle over Charlotte airport

October 10, 2014

(The Charlotte Observer)

Superior Court Judge Robert Ervin will hear arguments Friday from the city of Charlotte and the state over who should be in charge of Charlotte Douglas International Airport. At a hearing almost a year ago, Ervin said the FAA needed to decide on the matter. The FAA said a month ago it hasn't begun looking into the situation.

Cornelius wins Google's eCity award

October 10, 2014

(WRAL TechWire)

Google chose Cornelius, a city of about 25,000 in north Mecklenburg County, as a recipient of its 2014 eCities of America awards. Winner were chosen by measuring the online strength of small businesses who use the Internet to start and develop their businesses. The Mountain View, Calif.-based tech company chose one winner in each of the 50 states.

Report: Growth in solar industry makes NC a clean-energy leader

October 10, 2014

(WRAL TechWire)

North Carolina is the clean-energy leader in the Southeast, according to a report from the Pew Charitable Trusts. The state ranked third nationally in new renewable energy capacity, third in private investment and fourth in total capacity in 2013. 

About 1,800 seek jobs at new Hoke County hospital

October 10, 2014

(The Fayetteville Observer)

Officials at Cape Fear Valley Health were expecting about 1,000 people to show up at a job fair Thursday for its new Hoke County hospital – instead nearly double than number applied for jobs. The 41-bed hospital is scheduled to open in early 2015 and will employ about 350 people.

Family Dollar profits fall after closing stores

October 10, 2014

(The Charlotte Observer)

Amid uncertainty over who will win the battle to acquire Family Dollar, the discount retailer's profits fell by two-thirds in the company's fourth quarter. The Matthews-based company, which has spent more than $65 million in a restructuring that included closing 375 stores, reported profits of $35 million compared with $102 million for the same quarter a year ago.