Business

Lenovo acquiring mobility patents for $100 million

March 24, 2014

(The News & Observer, Raleigh)

Lenovo will pay Unwired Planet $100 million for intellectual property including 3G and LTE mobile phone technology. Lenovo, which has its North American headquarters in Morrisville, agreed to buy Google's Motorola Mobility unit in January, which will make it the No. 3 smartphone company.

Bovio named CEO of High Point Regional

March 24, 2014

(The News & Record, Greensboro)

Ernie Bovio was named president and CEO of High Point Regional Health. Bovio was CEO of a Texas-based health system that oversaw three hospitals and 22 clinics. He will succeed Jeff Miller, who is retiring March 31.

Charlotte considers $72 million indoor-sports complex

March 24, 2014

(The Charlotte Observer)

A Sarasota, Fla.-based developer has proposed a $72 million hotel and indoor-sports complex near Bojangles' Coliseum in east Charlotte. The city is considering an upfront payment of $18 million and a $1 per year lease for GoodSports, which would host indoor youth sports tournaments.

TV pilots could turn into long-term film projects in Wilmington

March 24, 2014

(StarNews, Wilmington)

Three TV pilots are being filmed in the Wilmington area this spring. ABC's Secrets and Lies wrapped production a week ago, the series pilot for CBS's Red Zone is currently filming and the pilot for an FX comedy titled How and Why will film in April. 

New transit station for downtown Charlotte still on hold

March 24, 2014

(The Charlotte Observer)

After a decade of planning, the N.C. Department of Transportation still has not secured enough money to pay for construction of a $150 million project that would include a new, modern transit hub in downtown Charlotte.

Outreach event helps Fayetteville-area small businesses network with military

March 24, 2014

(The Fayetteville Observer)

At a small business outreach event last week, the president of the Fayetteville Regional Chamber told about 650 representatives from area small businesses that Fort Bragg spends about $32 million a day. The event was organized to help businesses learn about securing military-related contracts near Fort Bragg.

DesignLine's Glosson was behind failed venture with Carolinas HealthCare System

March 24, 2014

(The Charlotte Observer)

The man behind Charlotte-based DesignLine, the hybrid-bus maker that filed for bankruptcy protection last year causing investors to lose more than $30 million, previously led another failed venture in which he partnered with Carolinas HealthCare System.

Bobcats ask Charlotte for $41.9 million for arena upgrades

March 21, 2014

(The Charlotte Observer)

The Charlotte Bobcats and the Charlotte Regional Visitors Authority, which co-manage city-owned Time Warner Cable Arena, have asked Charlotte for $41.9 million for improvements to the 8-year-old stadium. The request includes relocating the ticket office and restaurant and suite renovations.

Durham approves incentives for 26-story downtown tower

March 21, 2014

(The News & Observer, Raleigh)

The Durham City Council approved a $3.97 million incentive for a 26-story downtown tower that would include office, retail and residential space. As part of the proposal, Colorado developer Austin Lawrence Partners also plans to remodel the former Jack Tar Motel as a boutique hotel.

Big banks pass annual 'stress test'

March 21, 2014

(The Charlotte Observer)

Bank of America, BB&T and Wells Fargo all have enough capital set aside in the event of another economic crisis. The annual measurement, required under the Dodd-Frank Act, ensures that financial institutions could withstand losses from a major downturn in the economy.