Business

Food Lion to remodel Raleigh, Fayetteville stores

March 9, 2015

(WRAL.com)

Food Lion will remodel all of its grocery stores in the Raleigh area between April and October. The Salisbury-based company remodeled 76 stores in the Greenville and Wilmington markets in 2014.
Also: Food Lion remodeling its 25 Fayetteville stores this year

MaxPoint shares trade lower than expected

March 9, 2015

(WRAL TechWire)

MaxPoint Interactive raised $75 million in its initial public offering Friday. The digital-marketing company, which helps companies determine the best neighborhoods to sell their products, priced 6.5 million shares at $11.50, the mid-point of the range reported in SEC filings.  

Lumberton health system to partner with Campbell University

March 9, 2015

(The Fayetteville Observer)

Southeastern Health in Lumberton will team up with Campbell University to develop an emergency-medicine residency program for the university's Jerry M. Wallace School of Osteopathic Medicine, which focuses on training doctors for rural and underserved communities.

Bank bonuses vary for 2014

March 9, 2015

(The Charlotte Observer)

Some investment bankers are seeing bonuses increase as much as 15%, according to a report from New York-based consultant Johnson Associates. Mortgage bankers are expected to see lower bonuses, as many of the biggest lenders lost market share last year. Many lenders tie bonuses to losses or gains in market share.

Cary's SAS, Kimley-Horn make Fortune's list of best companies

March 6, 2015

(The News & Observer, Raleigh)

SAS slipped two spots to No. 4 on Fortune magazine's annual list of the best U.S. companies to work for. The Cary-based software company has appeared in the top 10 a dozen times and ranked second last year. Kimley-Horn and Associates, also based in Cary, was the only other North Carolina-based company on the list. The design consulting firm ranked No. 25.

BofA, BB&T pass federal stress tests

March 6, 2015

(The Charlotte Observer)

Bank of America, Wells Fargo and BB&T all met minimum capital requirements under the Federal Reserve's latest stress tests, which are designed to make sure the nation's largest banks would be prepared in the event of another economic crisis.

South Carolina a finalist for Volvo plant

March 6, 2015

(The Charlotte Observer)

South Carolina is a finalist for a Volvo auto plant, four state legislators told The State newspaper in Columbia. The plant would likely be located in the Charleston area, which also expects Daimler to announce this week plans for an expansion of its van-assembly plant that will add 1,000 jobs. London-based The Financial Times reported earlier this year that North Carolina and Kentucky were also pursuing the Swedish automaker's plant.

Pactiv adding 59 jobs in Kinston

March 6, 2015

(The News & Observer, Raleigh)

An Illinois-based packaging company will invest $24 million in its Kinston plant and will add 59 jobs. Pactiv makes cartons and other packaging products for companies including McDonald's, Wal-Mart and Kroger. The company employs more than 1,000 at six locations in North Carolina.

Judge denies Widen I77's injunction to stop toll lanes

March 6, 2015

(The Charlotte Observer)

A judge denied a citizens group's motion for a preliminary injunction that would have stopped a toll-lane project on Interstate 77 from Charlotte to Mooresville. Widen I77 said they are still seeking a permanent injunction against the project, which will add two toll lanes in each direction from the Brookshire Freeway in Charlotte to Exit 28 in Cornelius and one toll lane in each direction from Cornelius to Mooresville.

Targacept to be acquired by California drug company

March 6, 2015

(Winston-Salem Journal)

San Francisco-based Catalyst Biosciences will acquire Winston-Salem biotech company Targacept. Spun out of R.J. Reynolds Tobacco in 2000, Targacept's core research focuses on neuronal nicotinic receptors, which are found on cells throughout the body's nervous system. The company has reduced its workforce from 114 to about 30 employees since 2011.