Business

Raleigh software company bought by Texas private-equity firm

January 12, 2016

(The News & Observer, Raleigh)

Consolidated Asset Recovery Systems was acquired for an undisclosed amount by Greenridge Investment Partners. Consolidated Asset provides Internet-based software that helps lenders manage and sell repossessed property. The company expects to add seven to 10 new employees to its existing 63 in 2016.

Saylor discusses NC Railroad's goal of growing state's economy

January 12, 2016

(Carteret County News-Times)

Scott Saylor, president of the N.C. Railroad Co., talks about the importance of the 165-year-old company and how it hopes buying 875 acres of a Randolph County megasite will help attract an automaker. The state is already home to a number of auto parts suppliers, which he says gives it an advantage.

Federal judge OKs Duke's compliance plans

January 12, 2016

(The News & Observer, Raleigh)

Senior U.S. District Judge Malcolm Howard approved Duke Energy's compliance plans related to a $102 million coal-ash settlement last year. The Charlotte-based utility agreed to pay $68 million in fines and $34 million for environmental projects after pleading guilty to violations of the Clean Water Act.

Gordon Food opens Kannapolis distribution center

January 12, 2016

(Independent Tribune, Concord)

Michigan-based Gordon Food Service plans to cut the ribbon on its $58 million distribution center in Kannapolis on Tuesday. The family-owned company eventually plans to employ up to 275 people at the 300,000-square-foot center.

Charlotte's Beacon Partners building 2nd spec building in Concord

January 12, 2016

(The Charlotte Observer)

The real-estate investment company has begun construction on a 309,536-square-foot building at RiverOaks Corporate Park near Concord Regional Airport. Plans call 1.4 million square feet of manufacturing and logistics space at the park. Beacon's other projects include a seven-story office building on East Morehead Street near uptown Charlotte.

Blue Cross CEO: 'We're going to make it right'

January 11, 2016

(The News & Observer, Raleigh)

Brad Wilson, CEO of Chapel Hill-based Blue Cross and Blue Shield of North Carolina, said about 25,000 customers were accidentally placed into the wrong health plans, and the insurer drafted 3,200 customers' bank accounts for the wrong amounts. Wilson says the company will issue refunds and make fixes this week.

Electrolux CEO steps down

January 11, 2016

(The Charlotte Observer)

A month after Electrolux's failed bid to acquire General Electric's appliance division for $3.3 billion, Chief Executive Officer Keith McLoughlin is stepping down. Jonas Samuelson, head of the appliance maker's Europe, Middle East and Africa business, will take over as CEO on Feb. 1. Electrolux's North American headquarters is in Charlotte.

Film projects will pump about $55M into Wilmington economy

January 11, 2016

(Greater Wilmington Business Journal)

TNT's Good Behavior, a TV series filming its first season in Wilmington, and a History Channel drama series about Navy SEAL Team Six will boost the local economy by about $55 million and provide several hundred jobs, according to Bill Vassar, executive vice president of EUE/Screen Gems Studios.

Tech company could expand in Winston-Salem

January 11, 2016

(Winston-Salem Journal)

Kailo Healthcare Technologies is considering an expansion that would add 251 jobs over five years in Winston-Salem, where it currently employs about 50 people. The Cedar Falls, Iowa-based company provides consullting and information-technology services for the health care industry.

Howard Levine steps down as CEO of Family Dollar

January 11, 2016

(The Charlotte Observer)

Gary Philbin, president and chief operating officer since July, will continue to lead the Matthews-based retailer. When Virginia-based Dollar Tree acquired Family Dollar about six months ago, the company said at the time that Levine would remain with the company for two years. Levine, who will step down Jan. 15, will receive a "golden parachute" of up to $12 million, according to an estimate in a securities filing from October 2014.