Business

Piedmont Natural Gas sets record in February

March 5, 2015

(The Charlotte Observer)

Charlotte-based Piedmont Natural Gas delivered a record volume of gas in the month of February and set a single-day record on Feb. 19. The company has more than one million customers in the Carolinas and Tennessee.

Former Charlotte Knights stadium demolished

March 5, 2015

(The Charlotte Observer)

Demolition crews began razing the former Charlotte Knights baseball stadium in York County, S.C. Charlotte-based retailer Cato bought the land and has said it plans to build a distribution center there. Attendance has soared since the Knights moved to a new stadium in uptown Charlotte last summer.

Charlotte's Frontier Capital raises $390M

March 4, 2015

(The Charlotte Observer)

Charlotte-based Frontier Capital has raised $390 million in its fourth fund, exceeding its initial goal of $300 million. The private-equity firm invests in fast-growing software and business-services companies with annual revenues between $5 million and $30 million. 

Furniture supplier eyes Morganton for 70 jobs

March 4, 2015

(The News Herald, Morganton)

City council members approved incentives for American Hospitality Furniture to bring about 70 jobs to Morganton. The company, which supplies custom furniture for hotels, would renovate and occupy a former Drexel Heritage plant and eventually could employ up to 150 people. The city will apply for a $212,500 Building Reuse and Redevelopment Grant from the state Commerce department and agreed to a 5% local match if the grant is approved.

Stephen Colbert to speak at Wake Forest commencement

March 4, 2015

(Winston-Salem Journal)

Wake Forest University announced that comedian Stephen Colbert will speak at its commencement program in May. Colbert was host and executive producer of Comedy Central's "The Colbert Report" for nine years and soon will take David Letterman's place as host of CBS's  "Late Show." 

Furniture company leaves Charlotte for Fort Mill, SC

March 4, 2015

(The Charlotte Observer)

Broad River Furniture, which operates 16 Ashley Furniture stores and one outlet store, will move its headquarters and distribution center from Charlotte to Fort Mill, S.C., where it will employ 200 people. The retailer will invest $12.6 million in its new 174,000-square-foot campus, which is expected to be open by November.

Woodlake Resort and Country Club to be sold at auction

March 4, 2015

(The Fayetteville Observer)

Woodlake Resort and County Club, located in Moore County between Vass and Spring Lake, will go up for auction March 26 with a suggested opening bid of $2.5 million. Developed in 1968, the financially troubled club filed for bankruptcy protection in September.

Family Dollar CEO sells more shares

March 4, 2015

(The Charlotte Observer)

Family Dollar Stores CEO Howard Levine plans to sell one to two million shares of the company's stock over the next five days, according to a securities filing. Levine sold almost 1.8 million shares last month for about $135 million. Chesapeake, Va.-based Dollar Tree is awaiting FTC approval to complete its $8.5 billion acquisition of the Matthews-based retailer.

nCino to offer training course for potential employees

March 4, 2015

(Greater Wilmington Business Journal)

Wilmington-based nCino will offer a certification course in Salesforce, the cloud-based platform on which its Bank Operating System is based, in an effort to draw from local talent as it looks to fill 40 to 75 new jobs in 2015. The software company announced last week it has raised $29 million in financing that will allow it to expand in the U.S. and internationally.

Cumberland officials to discuss alternate route for proposed pipeline

March 4, 2015

(The Fayetteville Observer)

Cumberland County officials will meet next week with representatives from Dominion Resources and Piedmont Natural Gas to discuss altering the route of the proposed Atlantic Coast Pipeline. County staff members are concerned the pipeline will hinder development at the 485-acre Cedar Creek industrial park, which hasn't had a single tenant since it opened 10 years ago.