Business

Republic agrees to pay $125 million toward obligations

July 2, 2014

(Winston-Salem Journal)

In an agreement with the N.C. Insurance Department, the parent of Winston-Salem-based Republic Mortgage Insurance Co. has agreed to pay $125 million toward meeting obligations on client claims.

Family Dollar closing 30 stores

July 1, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores announced it will close 30 stores across the Carolinas — 19 in North Carolina and 11 in South Carolina — as part of a restructuring plan.

Charlotte e-cig company up to second in market share

July 1, 2014

(Winston-Salem Journal)

Charlotte-based Mistic said Monday it has moved into second, after passing NJoy, in the electronic-cigarette market. It trails only blu eCigs, which was founded in Charlotte but later bought by Lorillard. 

WakeMed, Duke talk "virtual merger"

July 1, 2014

(News & Observer, Raleigh)

WakeMed Health and Hospitals and Duke Medicine have started discussions to coordinate operations to lower operating costs and improve treatment.

Will Lorillard-Reynolds merger become a foursome?

July 1, 2014

(News & Record, Greensboro)

A fourth party may need to be involved for the rumored Reynolds American-Lorillard merger to become a reality.

'Tammy' boon for the East

July 1, 2014

(Wilmington StarNews)

Tammy, a new film to be released this weekend starring Melissa McCarthy, spent about $14 million in the state last year during its production.

Bayer to expand in RTP

July 1, 2014

(Winston-Salem Journal)

Bayer CropScience will invest nearly $30 million to expand its North American and international seeds headquarters at Research Triangle Park.

Vidant, Belhaven continue squabble over hospital closing

July 1, 2014

(The Daily Reflector)

A Vidant Health official says Belhaven officials failed to live up to their end of an agreement to keep Pungo Hospital open.

Charlotte's first outlet mall nears opening

July 1, 2014

(The Charlotte Observer)

The Charlotte Premium Outlets, a partnership between Simon Property Group and Tanger Factory Outlet Centers, is set to open at the end of the month.

Firework sales pop — but not in North Carolina

June 30, 2014

(Citizen-Times, Asheville)

The migration of Tar Heels to surrounding states to secure fireworks around the Fourth of July holiday underscores the annual tax revenue lost by North Carolina, which has more restrictive laws.