Business

Dollar General extends Family Dollar offer until Dec. 31

November 3, 2014

(The Charlotte Observer)

Dollar General has extended its $80 per share all-cash takeover bid of Matthews-based Family Dollar Stores until Dec. 31. Family Dollar shareholders are scheduled to vote Dec. 11 on a deal in which Chesapeake, Va.-based Dollar Tree would acquire the discount retailer for $74.50 a share in cash and stock.

Winston-Salem-based Inmar acquires digital-coupon company

November 3, 2014

(Winston-Salem Journal)

Inmar purchased Madison, Wis.-based digital-coupon company Hopster for an undisclosed amount. Hopster offers print-at-home coupons for brands including Kleenex, Huggies and Libby's. Winston-Salem-based Inmar employs about 4,000 people nationwide, including about 900 at its local headquarters.

Holmes named CEO of Wilson's Cornerstone Bank

November 3, 2014

(The News & Observer, Raleigh)

Wilson-based Cornerstone Bank named Mark Holmes CEO. He replaces Norm Osborn, who was fired in June by the bank's board of directors. Holmes was president and CEO of Greenville-based Select Bank and Trust, which was acquired in July by Dunn-based New Century Bank.

Hickory's Frye Regional expanding emergency department

November 3, 2014

(Hickory Daily Record)

Frye Regional Medical Center in downtown Hickory will increase the number of emergency room beds from 18 to 32 as part of a $9.5 million expansion that also includes technology upgrades. About 40,000 patients a year are treated at the ER, which was designed to treat 25,000 a year, according to the hospital's director of emergency services. The expansion is expected to be completed by early 2017.

Wilmington's DryCase expands product line through licensing agreement

November 3, 2014

(Greater Wilmington Business Journal)

DryCase, a division of Wilmington-based DryCorp., is producing a new product line that will allow it to expand its offerings in sporting-goods and outdoor retailers. The company is partnering with Mossy Oak, a company that develops camouflage patterns for hunters, to produce waterproof packs.
Click here to read more about DryCorp., Business North Carolina's 2013 Small Business of the Year

Blue Cross Blue Shield sends 42,000 incorrect renewal notices

October 31, 2014

(The News & Observer, Raleigh)

The state's largest health insurer mailed out about 42,000 policy renewal letters with incorrect rates. Some Blue Cross Blue Shield customers received notices showing cost increases of more than 100%. A company spokeswoman said the mistake was due to "good old classic human error."

Food Lion gets third president in less than two years

October 31, 2014

(The Charlotte Observer)

Food Lion President Beth Newlands Campbell is resigning this week, citing personal and professional reasons. She has held the position since December 2012. Meg Ham, president of Bottom Dollar Food, will replace her. Both Food Lion and Bottom Dollar are Salisbury-based subsidiaries of Brussels-based Delhaize Group.

Lenovo completes acquisition of Motorola smartphone business

October 31, 2014

(The News & Observer, Raleigh)

Lenovo is now the world's No. 3 smartphone company after completing its $2.91 billion acquistion of Google-owned Motorola Mobility. Chicago-based Motorola will operate as a subsidiary of Beijing-based Lenovo, which has its North American headquarters in Morrisville.

Former BofA chairman takes leadership role at Shell

October 31, 2014

(The Charlotte Observer)

Chad Holliday, chairman of Bank of America from 2010 until CEO Brian Moynihan replaced him earlier this month, will become chairman of gas company Royal Dutch Shell next year. Holliday will continue to serve on the Charlotte-based bank's board.

Harnett Health trustees approve management agreement with Fayetteville's Cape Fear Valley

October 31, 2014

(The Fayetteville Observer)

The Harnett Health board of trustees has decided to enter into a management agreement with Cape Fear Valley Health System. The Fayetteville-based health system could assume management of Dunn-based Harnett Health and its two hospitals by next week. Dan Weatherly, president of Cape Fear Valley Bladen Health, will become president of Harnett Health.