Business

FAA could approve drone use for farmers

July 6, 2015

(The News & Observer, Raleigh)

An FAA proposal would allow daytime use of unmanned aerial vehicles weighing less than 55 pounds by farmers and other business owners. A drone-industry trade group says agriculture could account for 80% of commercial drone use.
Related: Pie in the Sky (September 2014)

Raleigh to decide on Kane's proposal for warehouse district

July 6, 2015

(The News & Observer, Raleigh)

Raleigh City Council will consider Tuesday a proposal for Kane Realty to build an 18-story office tower in downtown Raleigh's warehouse district. With three council members recusing themselves due to ties with the Raleigh-based developer, all five remaining members must approve the project in order for it to move forward.

TW Garner moving HQ to downtown Winston-Salem

July 6, 2015

(Winston-Salem Journal)

TW Garner Food, the maker of Texas Pete Hot Sauce, is looking to raise its community profile by moving its headquarters back to downtown Winston-Salem.

Cardinal Innovations settles with former CEO

July 6, 2015

(The Charlotte Observer)

Kannapolis-based Cardinal Innovations Healthcare Solutions gave ousted CEO Pamela Shipman a 53% raise, reflecting the nonprofit's expanded territory that includes Mecklenburg County.

Robeson County residents await coal-ash removal

July 6, 2015

(The Fayetteville Observer)

Landowners and residents near Duke Energy's Weatherspoon Plant in Robeson County are grateful the Charlotte-based utility plans to remove coal ash from basins at the retired power plant.

Analyst changes Lenovo rating to 'sell'

July 6, 2015

(WRAL TechWire)

An analyst with BNP Paribas warns that Beijing-based Lenovo, which has its North American headquarters in Morrisville, faces pressure in three of its biggest product markets – PCs, smartphones and servers.

SECU buys famed Chapel Hill office building

July 2, 2015

(The News and Observer)

State Employees Credit Union is buying the former headquarters of Blue Cross and Blue Shield of North Carolina in Chapel Hill for $35 million. Blue Cross is moving to a 48-acre Durham campus. 

Electrolux slams DOJ over GE deal

July 2, 2015

(The Charlotte Observer)

Electrolux criticizes the federal government’s attempt to block its proposed purchase of General Electric Co.’s appliance business.


Read more here: http://www.charlotteobserver.com/news/business/article25982608.html#storylink=cpy

Manufacturer adding 86 jobs in Shelby

July 2, 2015

(The Shelby Star)

Metal Works Manufacturing Co. will invest $3.9 million and add 86 jobs within the next three years. If it meets job-creation targets, the company will be eligible for $1.3 million in state incentives over 12 years.

Second Charter Square building being planned

July 2, 2015

(The News and Observer)

Dominion Realty Partners may construct a 22-story building that would feature 250,000 square feet of offices and 194 apartment units in downtown Raleigh, adjacent to its 11-story building that opened in June.


Read more here: http://www.newsobserver.com/news/business/real-estate-news/article25999921.html#storylink=cpy