Business

Charlotte's BSN medical to buy Texas company

June 30, 2015

(The Charlotte Observer)

BSN medical, a Germany-based medical-device company that has its U.S. headquarters in Charlotte, will acquire Texas-based FarrowMed. FarrowMed makes compression wraps to manage swelling. Financial terms were not disclosed.

Duke Progress cancels HVAC repair program

June 30, 2015

(The News & Observer, Raleigh)

Duke Energy Progress is discontinuing its HVAC repair program as of Aug. 31. The program debuted in 2010 and offered customers insurance on heating and cooling repairs in exchange for a fixed monthly payment. Customers who signed up for the program within the last 12 months will receive refunds.

Charlotte considers new stadium to attract Major League Soccer

June 29, 2015

(The Charlotte Observer)

The city of Charlotte could use tourism dollars – funds from taxes on hotels and prepared food and beverages – to build a new stadium with up to 25,000 seats if it can land a Major League Soccer team. Memorial Stadium, built in the 1930s in Charlotte's Elizabeth neighborhood, would be demolished to make way for the new stadium.

I-40 has boosted economy, strained local roads in the Port City

June 29, 2015

(StarNews, Wilmington)

New Hanover County's population has grown from 120,284 to more than 216,000 since the last segment of Interstate 40 was completed in 1990, while Brunswick County's population has more than doubled. Now the N.C. DOT and local leaders are at odds over how to alleviate increased congestion on city streets.

Officials map out future for Winston-Salem's Innovation Quarter

June 29, 2015

(Winston-Salem Journal)

Officials are finalizing a master plan for the second phase of Wake Forest Innovation Quarter, the business and research district in downtown Winston-Salem where more than 3,000 people – including scientists, engineers and educators – now work.

Huntersville tire distributor grows through acquisitions, investments

June 29, 2015

(The Charlotte Observer)

American Tire Distributors' net sales have more than doubled over the last five years, from $2.17 billion in January 2010 to $5.03 billion in January 2015. The Huntersville-based company, which serves as a middleman between tire manufacturers and retailers, narrowly missed earning a spot on the Fortune 500 list of largest companies ranked by revenue, coming in at No. 514.

Hi-Wire Brewing set to unveil new Asheville brewery

June 29, 2015

(Asheville Citizen-Times)

Hi-Wire Brewing will open its new, $3 million brewery near Asheville's Biltmore Village on July 25. The new facility will allow the beer company to boost annual production from 5,000-6,000 barrels to 55,000 barrels.

Uber expands to NC beach towns

June 29, 2015

(StarNews, Wilmington)

Uber has expanded the availability of its ride-hailing service to coastal communities along the East Coast, including Beaufort, Wrightsville Beach and the Outer Banks in North Carolina.

Sealed Air has begun hiring in Charlotte

June 26, 2015

(The Charlotte Observer)

Sealed Air broke ground Thursday on its new headquarters, where it plans to employ 1,262 with an average annual salary of about $120,000; about half of those workers are expected to be local hires. The company, which had revenue of $7.8 billion in 2014, said it has already hired about 180 people in Charlotte.

North State Communications to buy Charlotte IT firm

June 26, 2015

(High Point Enterprise)

High Point-based North State Communications will acquire Charlotte-based IT company Stalwart, the companies said Thursday. The deal is expected to close in the third quarter; financial terms were not disclosed.