Business

Mount Airy's' Pike Corp. now privately held

December 24, 2014

(The Charlotte Observer)

Court Square Capital Partners and company CEO Eric Pike completed their previously announced acquisition of Mount Airy-based Pike Corp. Shareholders received $12 a share.

Wilmington apartment boom continues with 228-unit project

December 24, 2014

(Greater Wilmington Business Journal)

Developers announced plans for a 228-unit apartment complex on Carolina Beach Road in Wilmington. The proposed project would consist of seven three-story buildings on 11 acres and include 3,800 square feet of commercial space.

Agility Fuel Systems to hire 150 in Salisbury

December 23, 2014

(The Salisbury Post)

Agility Fuel Systems will invest $7.5 million and hire 149 people over three years at a new regional headquarters in Salisbury. The Santa Ana, Calif.-based company makes natural-gas systems for trucks and buses. Future plans call for more than 250 jobs at the 32-acre Rowan County site.

Durham's BioCryst gets FDA approval for flu drug

December 23, 2014

(The News & Observer, Raleigh)

BioCryst Pharmaceuticals received FDA approval for Permavir, the first new flu drug approved in 15 years, the company said. It's the Durham-based company's first full FDA approval for a drug. 

Chinese furniture company adding 120 jobs in Statesville

December 23, 2014

(The Charlotte Observer)

Homestar Light Industrial will establish its North American headquarters in Statesville and add 120 jobs to its existing 40 by the end of 2015. The China-based ready-to-assemble furniture manufacturer will invest $7 million in the former Talon Systems plant. The new jobs will include sales, marketing, engineering and management positions and will pay an average annual salary of $50,000.

Family Dollar expected to adjourn shareholder vote

December 23, 2014

(The Charlotte Observer)

Family Dollar Stores is expected to delay a shareholder vote scheduled for Tuesday on its proposed $8.5 billion acquisition by Chesapeake, Va.-based Dollar Tree. Rival Dollar General wants to acquire the the Matthews-based retailer for $9.1 billion in cash.

Reynolds American secures $2B line of credit

December 23, 2014

(Winston-Salem Journal)

Reynolds American has entered a five-year, $2 billion credit agreement with eight financial institutions, according to a regulatory filing. The money could be used to help pay for the Winston-Salem-based cigarette maker's proposed $27.4 billion acquisition of Greensboro-based Lorillard. Shareholders for both companies are scheduled to vote on the merger Jan. 28.

Owner requests rezoning for $400M development near Charlotte's SouthPark

December 23, 2014

(The Charlotte Observer)

A Charlotte property owner has filed a request for a 27-acre tract near SouthPark mall to be rezoned for a $400 million mixed-use development that could include more than 1,100 residential units. Plans for the site, which is currently home to a 353-unit apartment community that would be torn down, include 250,000 square feet of office space, 300,000 square feet of retail space and a 300-room hotel.

Four tire companies looked at Brunswick

December 23, 2014

(StarNews, Wilmington)

Four tire companies have considered opening plants in Brunswick County in the last two to three years, according to Jim Bradshaw, executive director of the local economic development commission. Bradshaw said three companies cited the threat of hurricanes as reasons for locating elsewhere.

Raleigh's N&O considers sale of downtown headquarters

December 23, 2014

(The News & Observer, Raleigh)

The publisher of The News & Observer is reviewing proposals from potential buyers of its 3.5-acre site in downtown Raleigh, where it employs about 300 people. Orage Quarles says he hopes to keep the newspaper's offices downtown if the property is sold.