Business

SECU buying local with purchase of 8,000 Lenovo PCs

March 25, 2014

(The News & Observer, Raleigh)

Raleigh-based State Employees Credit Union is buying 8,000 PCs from China-based Lenovo, which will assemble the computers at its Guilford County plant. The PCs will replace existing computers at SECU's 253 branches and five operations centers.

Crescent reveals plans for two mixed-use projects in uptown Charlotte

March 25, 2014

(The Charlotte Observer)

Charlotte City Council approved a $10.3 million bid by Crescent Communities to purchase a city-owned parcel in uptown Charlotte near the NASCAR Hall of Fame where the firm plans to build a 27-story office tower. The real-estate development firm revealed it also wants to build a second mixed-use project that would include a hotel, apartments and retail space at another uptown site.

Industry pub says Heritage Home Group may move headquarters to High Point

March 25, 2014

(High Point Enterprise)

A furniture-industry publication reported last week that St. Louis-based Heritage Home Group, formerly Furniture Brands International, is planning to move its headquarters to the High Point area. Heritage Home is the parent company of several North Carolina furniture manufacturers; its brands include Broyhill, Drexel Heritage, Lane and Thomasville Furniture.

Novant Health announces new Charlotte outpatient center for cancer, heart patients

March 25, 2014

(The Charlotte Observer)

Novant Health Presbyterian Medical Center in Charlotte announced a $60 million fundraising campaign to raise money for a 150,000-square-foot outpatient service center for cancer and heart-disease patients. The overall cost of the project will be between $90 million and $100 million. A $10 million gift from the family of the late John M. Belk kicked off the fundraising effort.

New Hanover approves industrial investment grant for Fortron

March 25, 2014

(Greater Wilmington Business Journal)

New Hanover County commissioners unanimously approved an incentive package for Fortron Industries to make $50 million in capital improvements at its Wilmington chemical plant. The county will pay a maximum of $100,000 per year for up to five years if the company reaches expenditure benchmarks.

Cary software giant SAS unveils new big-data software products

March 25, 2014

(The News & Observer, Raleigh)

Cary-based SAS announced several new products and product upgrades that will help its software customers examine and analyze data.

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.