Business

Red Hat to buy Irish software company for $82 million

September 19, 2014

(The News & Observer, Raleigh)

Raleigh-based Red Hat will acquire FeedHenry, a software company with offices in Ireland, England and Massachusetts, for $82.2 million. FeedHenry offers cloud-based mobile applications. The deal is expected to close in Red Hat's fiscal third quarter. 
Related: Red Hat earnings exceed Wall Street's expectations

Cary developer plans second Wilmington apartment project

September 19, 2014

(Greater Wilmington Business Journal)

Symphony Properties plans to build a 256-apartment complex on about 15 acres along Wilmington's Independence Blvd. The Cary-based company is also developing the 278-unit Sawmill Point apartment project in downtown Wilmington.

VF Corp. hires leader for jeanswear research center

September 19, 2014

(News & Record, Greensboro)

VF Corp. has tapped Sudhakar Puvvada to lead its Global Jeanswear Innovation Center at a yet-to-be-determined location in Greensboro. Puvvada comes from Kentucky-based chemical company Ashland Inc., where he was vice president for technology platforms, and worked in product development for 14 years at Unilever.

Three health care systems form shared-services company

September 18, 2014

(Winston-Salem Journal)

Winston-Salem-based Wake Forest Baptist Medical Center, Raleigh-based WakeMed and Greenville-based Vidant Health are forming a new partnership to lower supply chain costs and share certain IT infrastructure and clinical protocols. The three hospital systems will continue to operate independently after the formation of the new shared-services company, which has yet to be named.

Former Philip Morris plant will house electric battery maker

September 18, 2014

(The Charlotte Observer)

The company that bought the former Philip Morris cigarette plant in Concord will make batteries for electric vehicles and other commercial uses, according to online job advertisements. Victory Industrial Park paid $68.5 million for the 2,100-acre Cabarrus County site in April. A company spokesman said the business is not ready to make a formal announcement regarding its plans.

Family Dollar rejects Dollar General deal again

September 18, 2014

(The Charlotte Observer) 

Family Dollar rejected Dollar General's third offer within a month, asking shareholders not to sell stock to the Goodlettsville, Tenn.-based retailer. The companies' CEOs first met in October to discuss a potential merger. Matthews-based Family Dollar said Wednesday that CEO Howard Levine agreed at that time that if a deal was made, the combined company's headquarters would be in Tennessee.

UNC launches user-friendly website for online programs

September 18, 2014

(The News & Observer, Raleigh)

The UNC system launched a redesigned website this month with a goal of attracting more students to its online courses and programs. UNC Online trails other southern states in percentage of classes delivered by e-learning and has lost students to for-profit schools in recent years.

Dominion to hold public meetings on pipeline project

September 18, 2014

(The Fayetteville Observer)

Richmond, Va.-based Dominion Resources will hold a series of public meetings in Eastern N.C. next week for residents to learn more about the proposed Atlantic Coast Pipeline. Meetings will be held in Pembroke, Fayetteville, Smithfield, Nashville and Weldon.

Noble Cider expanding, moving to West Asheville

September 18, 2014

(Asheville Citizen-Times)

Asheville-based Noble Cider will open a new 80-barrel cidery and taproom in early 2015. The craft-cider maker will move into a 9,000-square-foot building in West Asheville. The new space will allow Noble, which uses North Carolina-grown apples, to increase annual cider production from 14,000 gallons this year to at least 40,000 gallons. 

Painter named managing partner of Plexus Capital

September 18, 2014

(The News & Observer, Raleigh)

Plexus Capital, an investment firm with offices in Charlotte and Raleigh, named Michael Painter managing partner. Painter, 40, is one of the firm's original co-founders and is based in Raleigh. He succeeds Bob Anders, who will remain a full-time partner.