Business

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.

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.