Business

Analyst: BofA could move HQ to Boston within five years

August 22, 2014

(The Charlotte Observer)

Bank of America may relocate its headquarters from Charlotte to Boston within the next five years, according to banking analyst Dick Bove of Rafferty Capital. Bove told the Wall Street Journal the bank's recent promotion of Thomas Montag to sole chief operating officer is the latest sign of a power shift away from Charlotte. 

Lee County to host public fracking meeting

August 22, 2014

(WRAL.com)

Sanford residents will attend a public hearing Friday evening to voice opinions on hydraulic fracturing. Lee County is in the heart of the Deep River Basin, which scientists believe to be the most promising site in the state for shale gas potential (Statewide, Triangle Region, July). The public meeting is one of four planned by the state Mining and Energy Commission. 

Veterinary supplier creating 47 jobs in Guilford County

August 22, 2014

(Winston-Salem Journal)

MWI Veterinary Supply will open a distribution center in Browns Summit by Oct. 1. The Boise, Idaho-based company will invest $3.15 million and create 47 jobs at the site. The company sells veterinary pharmaceuticals, vaccines and related products.

Dollar General not giving up after Family Dollar rejects buyout offer

August 22, 2014

(The Charlotte Observer)

Family Dollar Stores rejected Dollar General's $9.7 billion bid on Thursday, citing concern that antitrust regulators would block a merger between the two discount retailers. Dollar General CEO Rick Dreiling said his company is still committed to acquiring Matthews-based Family Dollar.

Coastal Federation to help develop economic-development model for Wilmington area

August 22, 2014

(Greater Wilmington Business Journal)

The N.C. Coastal Federation launched an initiative to establish a model industrial development process for Wilmington and New Hanover County that will help preserve the area's natural resources.

Raleigh apartment complex sells for $50 million

August 22, 2014

(The News & Observer, Raleigh)

Legacy at Wakefield, a 369-unit apartment complex in north Raleigh, sold for $50.5 million to Carter-Haston, a Nashville, Tenn.-based investment and property-management company.

Projections show Fort Bragg population to hold steady through 2020

August 22, 2014

(The Fayetteville Observer)

Department of Defense projections show that Fort Bragg's population of about 57,000 troops would be reduced to about 54,000 in fiscal year 2020, while the number of civilian employees will remain about the same at more than 14,400.

Guilford officials tell Greensboro Partnership not to rush in choosing new CEO

August 22, 2014

(News & Record, Greensboro)

Guilford County commissioners urged the Greensboro Partnership to take its time in hiring a new leader. The economic-development group plans to change its organizational structure following the retirement of former president and CEO Pat Danahy at the end of the year.

Lawmakers' vote may cost Wilmington area Continental Tire plant

August 21, 2014

(StarNews, Wilmington)

The incentives bill that was voted down by state legislators may have cost Brunswick County a Continental Tire plant and more than a thousand jobs. The German tire manufacturer is reported to be looking at a site near the Brunswick-Columbus county line.

BofA settlement announcement expected Thursday

August 21, 2014

(The Charlotte Observer)

The U.S. Justice Department is expected to announce a settlement with Bank of America over faulty mortgage bonds Thursday morning. The settlement is expected to be about $16.6 billion, the largest ever between the government and a company.