Business

Development ramping up along I-77 south of Charlotte

March 2, 2015

(The Charlotte Observer)

Through large business-incentive packages, the Palmetto State is luring companies to the Fort Mill and Rock Hill areas, just south of Charlotte along I-77. LPL Financial broke ground Thursday on its new Fort Mill, S.C., headquarters, where it will eventually employ up to 3,000 workers. LPL plans to move about 1,000 workers from Charlotte to the new 450,000-square-foot campus. 

Investigations costly for Herbalife

March 2, 2015

(Winston-Salem Journal)

Nutritional-products manufacturer Herbalife spent $9.4 million in fiscal 2014 to comply with an FTC investigation and $16.6 million "responding to attacks on the company's business model" by hedge-fund manager Bill Ackman, who has accused the company of operating a pyramid scheme. Herbalife opened a $130 million plant in Winston-Salem in late 2014, where it expects to employ 500 by year-end. 

Gaston country club tries out 'escape to the office' concept

March 2, 2015

(The Gaston Gazette, Gastonia)

The renovated clubhouse at Cramer Mountain Club will feature 17 executive office suites with golf-course views. The private club closed and entered bankruptcy in 2012. Residents successfully launched a campaign to reform the club, but the massive 35,000-square-foot clubhouse posed a challenge for developer Eric Vargosko. Five of the suites, which range from 630 to 6,000 square feet, have already sold.

GSK, Novartis exchange assets in $21B deal

March 2, 2015

(WRAL TechWire)

GlaxoSmithKline and Novartis have completed a $21 billion deal that makes London-based GSK the world's largest vaccine supplier. Under the terms of the deal, Novartis is acquiring GSK's oncology drug pipeline while GSK acquires Novartis' global vaccine business.  

Sierra Nevada boosts beer tourism in Western NC

March 2, 2015

(Asheville Citizen-Times)

The opening of Sierra Nevada's Mills River brewery has led to increased beer tourism in the Asheville area. A brewery spokesman said there's a two-day wait for weekday tours and a monthlong wait for weekends. Other breweries in the area have reported an uptick in visitors as well.

Fayetteville proposes free downtown Wi-Fi

March 2, 2015

(The Fayetteville Observer)

The city of Fayetteville could partner with Time Warner Cable to provide free Wi-Fi Internet service for much of the downtown area. Under the proposal, Time Warner would allow its subscribers free access in the designated area while nonsubscribers would get one hour of free Internet access per day.

Lowes Foods to roll out store upgrades

March 2, 2015

(News & Record, Greensboro)

Winston-Salem-baesd Lowes Foods is accelerating plans to remodel all of its stores over the next four years. New elements include the Beer Den, which features a selection of craft beers, and Pick & Prep stations, where employees cut shoppers' fruits and vegetables for them while they shop.

ABC series shot in Wilmington premieres Sunday

March 2, 2015

(StarNews, Wilmington)

The ABC TV series "Secrets and Lies," which was shot in Wilmington in 2014, premiered Sunday evening. The drama, which stars Ryan Phillippe and Juliette Lewis, filmed at EUE/Screen Gems Studios and in the Porters Neck area.

Developer revives plans for Beaufort golf community

March 2, 2015

(Carteret County News-Times)

Work is underway on a 6,000-square-foot clubhouse at the Beaufort development previously known as North River Club. Raleigh-based DeWitt Carolinas bought the troubled golf course and adjacent homesites – the project is zoned for more than 1,500 lots – in 2014. The new clubhouse is expected to open in late May. 

BB&T receives subpoenas over FHA-backed loans

February 27, 2015

(The Charlotte Observer)

BB&T received subpoenas from the Department of Justice regarding an audit of government-backed mortgage loans. The Winston-Salem-based bank said it was notified of the audit last June and has set aside $85 million to comply with the issue.