Business

Charter schools benefit founder's companies

June 30, 2014

(StarNews, Wilmington)

In 2013-14, Charter Day School Inc.'s three charter schools rented most of their material goods from for-profit companies owned by the founder.

Report shows potential impact of military realignment on Fort Bragg

June 27, 2014

(The Fayetteville Observer)

A U.S. Army report shows that Fort Bragg could lose 16,000 soldiers and civilians under a worst-case scenario due to potential cuts necessitated by a shrinking defense budget. According to the projections, the region could lose 21,563 jobs and local governments would lose an estimated $11.3 million in sales-tax receipts. About 10% of the Army is based at Fort Bragg.

Construction to begin in January on EpiCentre hotels

June 27, 2014

(The Charlotte Observer)

Construction on a 20-story hotel tower at Charlotte's EpiCentre entertainment complex will begin in January and should be completed in about 15 months. The tower, which will house two Marriott branded hotels, was announced earlier this month.

Publix looking at sites for Wilmington grocery store

June 27, 2014

(StarNews, Wilmington)

Wilmington Mayor Bill Saffo said Lakeland, Fla.-based Publix Super Markets is looking at sites to build a store in the Port City, though a spokewoman from the grocery-store chain declined to comment about future locations. Publix currently has two N.C. stores, both in the Charlotte area.

Lenovo's acquisition of IBM server unit still under review

June 27, 2014

(WRAL TechWire)

Concerns over security have left Lenovo's $2.3 billion deal to acquire IBM's x86 server unit in limbo, according to the Wall Street Journal. The report says the U.S. government is worried the servers, which are used in national communications networks, "could be accessed remotely by Chinese spies" or otherwise compromised.

Tanger, O'Sullivan win entrepreneurship awards

June 27, 2014

(News & Record, Greensboro)

Steven Tanger, president and CEO of Greensboro-based Tanger Factory Outlet Centers, received Ernst & Young's 2014 Entrepreneur of the Year award in the category of hospitality and retail for the Southeast region. Mort O'Sullivan, CEO of Mebane-based ARCA, which sells cash automation systems, received the award in the technology category.

Texas life sciences company moves to Chapel Hill

June 27, 2014

(The News & Observer, Raleigh)

EpiCypher, a life sciences startup, has moved its headquarters from Texas to Chapel Hill and appointed Sam Tetlow CEO. Six of the company's eight employees are based in Chapel Hill. EpiCypher develops and makes products for pharmaceutical and biological research.

BofA lays off 540 workers in Charlotte

June 26, 2014

(The Charlotte Observer)

Bank of America announced Wednesday it will lay off 540 mortgage workers in Charlotte. The cuts are in a division created in 2011 to service troubled mortgages, including many that stemmed from the bank's 2008 acquisition of Countrywide Financial.  

United Furniture to bring 200 jobs to Winston-Salem

June 26, 2014

(WFMYNews2.com)

United Furniture will hire 200 workers at a manufacturing and distribution center in Winston-Salem. The company, which has locations in Archdale, High Point and Lexington, will occupy the former Hanesbrands Weeks hosiery plant. The Okolona, Miss.-based company will receive $300,000 in local incentives.

$100M equestrian center to open in Polk County

June 26, 2014

(Asheville Citizen-Times)

A $100 million equestrian center and resort will open in Polk County this summer. Tryon Resort includes five horse rings with 500 horse stables, and future plans include a 6,000-seat outdoor stadium and additional horse rings and stables. Lodging, including a 150-room hotel that will open in 2017, will be operated by Middleburg, Va.-based Salamander Hotels & Resorts.