Business

Rooms to Go closes Charlotte distribution center

January 7, 2016

(The Charlotte Observer)

The Florida-based furniture retailer is consolidating distribution at its new 1.45-million-square-foot facility in Dunn. About 50 of 88 workers at the Charlotte distribution center will relocate to Dunn.

Olde Mecklenburg exits Triad; blames NC beer law

January 7, 2016

(News & Record, Greensboro)

Charlotte's Olde Mecklenburg Brewery is closing its Greensboro warehouse and scaling back Triad expansion plans. The brewery blames a state law that requires craft brewers to use a third party distributor once production reaches 25,000 barrels a year. Nearing that threshold, Olde Mecklenburg says it is pulling out of the Triad "in order not to underserve Charlotte – our home market."

NC Railroad Co. land buy juices Triad hopes for an auto plant

January 7, 2016

The announcement Tuesday that the state-owned N.C. Railroad Co. would buy about 875 acres in a Randolph County industrial megasite for $13 million is "a marriage meant to be," says Jim Melvin, former Greensboro mayor, current octogenarian and Triad booster extraordinaire.

Another brewery expansion for Asheville

January 7, 2016

(Asheville Citizen-Times)

Burial Beer Company, the maker of beers with names such as The Remains and The Triumph of Death, is investing $1.8 million in a new brewery near Asheville's Biltmore Village. The 3-year-old company plans to hire 17 new employees.

Duke LifePoint completes purchase of Hickory, Sanford hospitals

January 7, 2016

(The Fayetteville Observer)

Duke LifePoint Healthcare has completed its acquisition of Central Carolina Hospital, a 137-bed medical center in Sanford, and Frye Regional Medical Center, a 355-bed hospital in Hickory. The hospitals were previously owned by Tenet Healthcare. The Brentwood, Tenn.-based joint venture of Duke University Health System and LifePoint Health now has seven hospitals in the state.

Bridgestone to invest $164 million in Wilson plant

January 6, 2016

(The Wilson Times)

Bridgestone Americas will invest $164 million in a 167,000-square-foot expansion of its 42-year-old Wilson plant, where the tire company employs 2,100 people and is one of the county's largest employers. A groundbreaking will be held within the next 60 days, and construction is expected to be complete by 2018. The company did not disclose how many new jobs would be created.

NC Railroad bets on Triad megasite

January 6, 2016

(News & Record, Greensboro)

The North Carolina Railroad Co. said Tuesday it will pay about $13 million for 875 acres within the Greensboro-Randolph Megasite, adding to the 421 acres Randolph County purchased in 2015. Regional leaders hope the megasite will help the area attract a car plant or other large-scale manufacturer.

Small Raleigh tech company sues Apple, Fitbit over patents

January 6, 2016

(The News & Observer, Raleigh)

Valencell, a Raleigh-based company that develops technology for wearable electronic devices, alleges Apple wrongly used its heart sensor technology in its Apple Watch while Fitbit used it in its Charge HR and Surge fitness bands. Valencell has 29 patents, with another 60 pending.

Charlotte's Crescent Communites sells SouthPark property, breaks ground uptown

January 6, 2016

(The Charlotte Observer)

Crescent Communities completed the sale of a 321-unit apartment building near Charlotte's SouthPark mall. A fund affiliated with UBS Global Asset Management paid $75.4 million for the property, where leases for studio units start at $1,150. The Charlotte-based real-estate developer planned to break ground Wednesday on an uptown development that will include a Whole Foods grocery store, two hotels and hundreds of apartments.

How tax reform is cutting your power bill by 96 cents a year

January 6, 2016

Blog: How tax reform in North Carolina is cutting your power bill, South Carolina's sluggish income growth and other news about some of our state's more interesting companies.