Business

Chiquita fires back at Brazilian companies in shareholder letter

September 3, 2014

(The Charlotte Observer)

In a letter to shareholders Tuesday, Charlotte-based Chiquita Brands International said Brazilian companies Cutrale and Safra have made "inaccurate and misleading public statements" in an effort to convince shareholders to vote down its pending merger with Dublin-based Fyffes.

NC State opens residence hall for entrepreneurs

September 3, 2014

(WRAL TechWIre)

N.C. State opened Innovation Hall, a residence hall that will serve as a headquarters for student entrepreneurs and includes a 24-hour workspace with SMART Boards, 3D printers and a conference room.

Wilmington film production to continue into late 2014

September 3, 2014

(Greater Wilmington Business Journal)

Film production is continuing on 20th Century Fox Television's Sleepy Hollow drama series in Wilmington, and pre-production work will begin soon for The Choice, a movie adaptation of a Nicholas Sparks novel. Film work completed in 2014 is eligible for the state's 25% tax credit program, which will expire Jan. 1.

UNC Asheville waits for new chancellor to develop property

September 3, 2014

(Asheville Citizen-Times)

UNC Asheville officials say they will hold off on developing plans for 22 acres of recently acquired property near its campus until incoming Chancellor Mary Grant assumes her position in January. 

American Airlines begins new Midwest flights

September 3, 2014

(The Charlotte Observer)

American Airlines begins twice-daily flights from Charlotte Douglas International Airport to Grand Rapids, Mich. Wednesday under the US Airways Express brand. Daily flights to Fort Wayne, Ind. and Evansville, Ind. will begin Oct. 2.

Wilmington eases restrictions for breweries

September 3, 2014

(StarNews, Wilmington)

The Wilmington City Council voted to ease restrictions on breweries, making it easier for craft breweries to operate within the city's mixed-use and business zoning districts

Dollar General raises bid for Family Dollar to $9.1 billion

September 2, 2014

(The Charlotte Observer)

Dollar General has raised its bid for Matthews-based Family Dollar Stores to $9.1 billion and has offered to pay a reverse-termination fee if the deal falls through due to antitrust concerns. Based on its latest offer, the Goodlettsville, Tenn.-based retailer would pay $80 a share, higher than its original bid of $78.50 a share and Dollar Tree's $74.50 a share bid. 

Performance Fibers to lay off 200 at Chatham County plant

September 2, 2014

(Winston-Salem Journal)

Performance Fibers will close its plant in Moncure by Oct. 27, laying off about 200 workers. About 60 affected employees could relocate to a Salisbury plant. The Huntersville-based company makes industrial fibers for for use in products including seat belts and tires.

Credit unions use lottery programs to encourage people to save

September 2, 2014

(The New York Times)

Seven credit unions in North Carolina are among 62 in the U.S. that have begun offering Save to Win, a prize-linked savings account program that treats deposits like lottery tickets. For every $25 a member puts into their account, they are entered into a monthly lottery.

Construction ramps up on $1.1 billion Charlotte light-rail extension

September 2, 2014

(The Charlotte Observer)

City officials say a 9.3-mile extension of Charlotte's Blue Line light rail, expected to open in 2017, will generate 10,000 housing units, four million square feet of office space and 1.3 million square feet of retail. The new corridor will extend north from uptown to UNC Charlotte.