Business

Hanesbrands' Fayetteville distribution center will close by March 31

July 31, 2014

(Winston-Salem Journal)

Hanesbrands has set a March 31 deadline for the closing of the Fayetteville distribution center it acquired after buying Maidenform Brands last year.

The Pantry soars on earnings report

July 31, 2014

(News and Observer, Raleigh)

Shares of the Cary-based convenience-store chain skyrocketed 15% Wednesday after it reported third-quarter earnings above analysts' expectations.

Icahn dumps part of Family Dollar stake

July 30, 2014

(Charlotte Observer)
Activist investor Carl Icahn sold more than one-third of his stock in discount retailer Family Dollar, according to securities filings.


Read more here: http://www.charlotteobserver.com/2014/07/29/5074565/icahn-unloads-more-than-13-of.html#storylink=cpy

 

Charlotte home prices gain almost 5% in a year

July 30, 2014

(Charlotte Observer)

Charlotte-area home prices rose 4.7 percent in May from a year ago , while price gains rose at a slower pace nationwide, Standard & Poor’s/Case-Shiller report showed Tuesday.


Read more here: http://www.charlotteobserver.com/2014/07/29/5073396/charlotte-area-home-prices-up.html#.U9hWY8e7lhA#storylink=cpy

 

Reynolds American earns $492 million in quarter

July 30, 2014

(Winston-Salem Journal)
Reynolds American Inc. reported second quarter net income increased 6.7 percent to $492 million, as higher pricing and market-share gains for Camel and Pall Mall offset lower sales and costs from launching distribution of the electronic cigarette Vuse.

Martin-Marietta beats earnings estimates

July 30, 2014

(News and Observer, Raleigh)

Martin-Marietta Materials earned $1.34 per share in the second-quarter, beating analyst estimates of $1.29.

Variety Wholesalers plans southeast Raleigh grocery

July 30, 2014

(News and Observer, Raleigh)

Variety Wholesalers, the retail-store chain owned by Art Pope, bought a Kroger store in southeast Raleigh with plans to open a Rose's store and an adjacent supermarket.

Heist movie turns Asheville into Charlotte

July 30, 2014

The comedy starring Zach Galifianakis, Owen Wilson and Kristen Wiig transformed the streets of Asheville, making the Buncombe County Courthouse serve Mecklenburg County. The film is based on a real-life robbery in Charlotte in 1997.

Vegas furniture market adding showroom space

July 30, 2014

(High Point Enterprise)
International Market Centers, which owns the three major showrooms at the High Point furniture market, is expanding its Las Vegas site with about 134,000-square-feet of additional space. 

Duke deal expected to lower power costs in eastern N.C.

July 29, 2014

(The Charlotte Observer)

Duke Energy agreed to pay $1.2 billion for North Carolina Eastern Municipal Power Agency's stake in four power plants.The deal should allow Raleigh-based ElectriCities, which manages the agency, to eliminate 70% of its debt and lower power costs to its 270,000 retail customers.