Business

Share prices rise after another report of potential tobacco merger

July 7, 2014

(Winston-Salem Journal)

After CNBC reported that a merger deal between Winston-Salem-based Reynolds American and Greenboro-based Lorillard could be announced by the end of the month, share prices rose for both companies on Thursday.

Concord Mills to hold 'Better than Tax Free' sale

July 3, 2014

(The Charlotte Observer)

Concord Mills mall will hold a special shopping event July 25-27 to replace the tax-free holiday customers relied on for back-to-school shopping. North Carolina lawmakers last year repealed the sales tax holiday, which cost the state more than $13.6 million in tax revenue in 2012.

Icahn purchases underlying shares in Family Dollar

July 3, 2014

(The Charlotte Observer)

Investor Carl Icahn spent $622 million to purchase almost 10.7 million shares of Matthews-based Family Dollar on Wednesday. He previously held most of his 9.4% stake through options. 

Martin Marietta completes purchase of Texas Industries

July 3, 2014

(The News & Observer, Raleigh)

Raleigh-based Martin Marietta Materials completed its $2.7 billion acquisition of Texas Industries. The deal makes Martin Marietta the largest U.S. supplier of construction aggregate products including gravel and sand for use in building sidewalks and highways.

Shuckin' Shack secures first franchisees

July 3, 2014

(Greater Wilmington Business Journal)

The owners of Shuckin' Shack restaurants have signed two franchisees who plan to open locations in Topsail Beach and Porters Neck. Three restaurants also are planned in the Charlotte area. The original Shuckin' Shack opened in Carolina Beach in 2007 followed by one in downtown Wilmington in 2012.  

CommunityOne Bank expanding in Triad

July 3, 2014

(Winston-Salem Journal)

Charlotte-based CommunityOne Bank plans to open a Winston-Salem office and has hired three commercial bankers previously with Greensboro-based NewBridge Bank to increase its presence in the Triad. The community bank has 50 branches and about $2 billion in assets.

Morrisville's Furiex acquired by Actavis subsidiary

July 3, 2014

(The News & Observer, Raleigh)

Forest Laboratories completed its $1.1 billion acquisition of Morrisville-based Furiex Pharmaceuticals Wednesday. The New York-based company was acquired by Dublin-based Actavis in a $25 billion deal on Tuesday.  

Green named new president of Reidsville's Annie Penn Hospital

July 3, 2014

(News & Record, Greensboro)

Debbie Green will become president of Annie Penn Hospital, a member of Greensboro-based Cone Health, and Cone Health Behavioral Health Hospital effective July 13. She replaces Mickey Foster, who became president of The Moses H. Cone Hospital and executive vice president of Cone Health.

Hurricane Arthur moving toward NC coast

July 3, 2014

(The News & Observer, Raleigh)

The entire North Carolina coast is under a hurricane warning as Arthur was upgraded from a tropical storm early Thursday morning. Forecasters expect the storm to pass over the area Thursday evening and Friday morning without causing major damage. Conditions should clear by Friday afternoon in time for the Fourth of July holiday weekend.

Unemployment up, but economy still on track

July 2, 2014

(The Burlington Times-News)

The state's unemployment rate rose to 6.4% in May, up from 6.2% the month before, but the economy is still improving, according to one economist.