Business

A year after merger with UNC Health, no layoffs expected at High Point Regional

March 25, 2014

(High Point Enterprise)

One year after High Point Regional Health's merger with UNC Health Care, its chief operating officer says the medical center is not planning any layoffs. When the deal was first announced, officials from both companies pledged that no jobs would be affected during the first year.

Charlotte man must pay $2.1 million penalty for involvement in Ponzi scheme

March 25, 2014

(The Charlotte Observer)

A federal judge ordered Mitchell Brian Huffman to pay a $2.1 million civil penalty for operating a Ponzi scheme between 2006 and 2011 that raised $3.2 million from about 30 participants. 

Severn-based company hopes to buy New Mexico peanut plant

March 25, 2014

(The Fayetteville Observer)

Severn-based Hampton Farms bid $20 million at an auction for a New Mexico peanut-butter processing plant that went bankrupt after a salmonella outbreak caused it to close and triggered a nationwide recall of its products.

Charlotte apartment construction at all-time high

March 24, 2014

(The Charlotte Observer)

Apartment construction in Charlotte has reached an all-time high, with more than 10,000 units under construction and another 11,000 units proposed.

Lenovo acquiring mobility patents for $100 million

March 24, 2014

(The News & Observer, Raleigh)

Lenovo will pay Unwired Planet $100 million for intellectual property including 3G and LTE mobile phone technology. Lenovo, which has its North American headquarters in Morrisville, agreed to buy Google's Motorola Mobility unit in January, which will make it the No. 3 smartphone company.

Bovio named CEO of High Point Regional

March 24, 2014

(The News & Record, Greensboro)

Ernie Bovio was named president and CEO of High Point Regional Health. Bovio was CEO of a Texas-based health system that oversaw three hospitals and 22 clinics. He will succeed Jeff Miller, who is retiring March 31.

Charlotte considers $72 million indoor-sports complex

March 24, 2014

(The Charlotte Observer)

A Sarasota, Fla.-based developer has proposed a $72 million hotel and indoor-sports complex near Bojangles' Coliseum in east Charlotte. The city is considering an upfront payment of $18 million and a $1 per year lease for GoodSports, which would host indoor youth sports tournaments.

TV pilots could turn into long-term film projects in Wilmington

March 24, 2014

(StarNews, Wilmington)

Three TV pilots are being filmed in the Wilmington area this spring. ABC's Secrets and Lies wrapped production a week ago, the series pilot for CBS's Red Zone is currently filming and the pilot for an FX comedy titled How and Why will film in April. 

New transit station for downtown Charlotte still on hold

March 24, 2014

(The Charlotte Observer)

After a decade of planning, the N.C. Department of Transportation still has not secured enough money to pay for construction of a $150 million project that would include a new, modern transit hub in downtown Charlotte.

Outreach event helps Fayetteville-area small businesses network with military

March 24, 2014

(The Fayetteville Observer)

At a small business outreach event last week, the president of the Fayetteville Regional Chamber told about 650 representatives from area small businesses that Fort Bragg spends about $32 million a day. The event was organized to help businesses learn about securing military-related contracts near Fort Bragg.