Business

Carolina Trace Country Club sold to Texas group

August 4, 2014

(The Fayetteville Observer)

Texas-based Escalante Golf, which owns and operates golf clubs across the United States, purchased Carolina Trace Country Club in Sanford and plans $2 million in renovations. The club had been member-owned since the mid-1980s. 

Concord waterworks company expands with acquisition

August 4, 2014

(The Independent Tribune, Concord)

Concord-based Fortiline Waterworks has acquired Hartford, Ky.-based Construction Site Services. Fortiline provides water, sewer and storm-utility products including pipes and valves through 33 distribution centers in 12 states.

Rapid growth for Wilmington's N2 Publishing

August 4, 2014

(StarNews, Wilmington)

Wilmington-based N2 Publishing has grown from three employees in 2004 to more than 100 today and designs and prints more than 500 publications, mostly newsletters for homeowners' associations across the nation.

Greensboro developers rally for preservation credits

August 1, 2014

(News and Record, Greensboro)

Preservation Greensboro and Self-Help Credit Union pulled together a press conference on Thursday to support the state's tax credits for historic preservation, which are set to expire Dec. 31 if the General Assembly fails to extend them.

Film incentives still alive

August 1, 2014

(Wilmington StarNews)

The N.C. House adopted an amendment Thursday to extend state film incentives till January 2016. It still must be approved by the state Senate.

Time Warner Cable will bolster Charlotte services

August 1, 2014

(Charlotte Observer)

Facing a growing field of competitors, Time Warner Cable will upgrade its TV and Internet service in Charlotte and six other metros next year.

BofA ups its settlement offer

August 1, 2014

(The New York Times)

Charlotte-based Bank of America raised its settlement offer — to $14 billion — in negotiations with federal prosecutors to resolve investigations into the bank's selling of troubled mortgage securities before the financial crisis.

Quintiles down despite exceeding expectations

August 1, 2014

(News and Observer, Raleigh)

Quintiles shares closed at $54.93, down $1.89, despite the Durham pharmaceutical services company beating analysts' earnings expectations in the second quarter.

RF Micro and TriQuint schedule shareholder meetings for proposed merger

August 1, 2014

(News and Record, Greensboro)

RF Micro Devices and TriQuint Semiconductor will hold special shareholder meetings Sept. 5 to seek approval to merge the companies.

New angel investors hope to make Asheville startups fly

August 1, 2014

(The Citizen-Times, Asheville)

The Economic Development Coalition of Asheville and Buncombe County announced plans for a startup investing group, the Asheville Angels, and the revamping of the chamber's local entrepreneurship initiative.