Business

Hatteras Financial to acquire two Denver companies

June 26, 2015

(Winston-Salem Journal)

Hatteras Financial, a Winston-Salem-based REIT, agreed to buy Pingora Asset Management and Pingora Loan Servicing, both based in Denver.

Food Lion parent to be acquired for $10.4B

June 25, 2015

(The Charlotte Observer)

Dutch grocery-retailer Royal Ahold will buy Delhaize, the Brussels-based parent of Food Lion, for about $10.4 billion. Potential impact on Food Lion's 2,300 employees at its Salisbury headquarters is unclear.

Duralee Fine Furniture adding 41 jobs in Morganton

June 25, 2015

(The News-Herald, Morganton)

Duralee Fine Furniture is expanding in Burke County and plans to add 41 new jobs at its 180,000-square-foot plant. A division of Bay Shore, N.Y.-based Duralee Fabrics, the company received a $410,000 grant from the N.C. Rural Infrastructure Authority for renovations to the building, which was built in 1963.

Sealed Air breaks ground on Charlotte HQ

June 25, 2015

(The Charlotte Observer)

Sealed Air will break ground on its new Charlotte headquarters on Thursday. The maker of Bubble Wrap is moving its headquarters from Elmwood Park, N.J., and plans to employ more than 1,200 people in Charlotte.

Durham-based Cree to restructure LED manufacturing

June 25, 2015

(The News & Observer, Raleigh)

LED bulb-maker Cree plans to consolidate two manufacturing facilities in Durham as part of an $85 million restructuring. Sales of its LED products fell 23% in the company's third quarter. Cree expects fourth quarter revenue will be about $375 million, lower than the $420 million to $440 million the company had previously predicted.

Report: Outer Banks national parks at risk

June 25, 2015

(The News & Observer, Raleigh)

A new study shows the Outer Banks could lose cultural resources including lighthouses and forts valued at more than $2 billion due to sea-level rise. The report, released by the National Park Service, says seas are expected to rise by 1 meter during the next 100 to 150 years.
Related: Land's end: As the shoreline creeps closer, leaders debate the need for action or restraint

Electrolux CEO stepping down

June 25, 2015

(The Charlotte Observer)

Keith McLoughlin is stepping down as CEO of Swedish appliance-maker Electrolux, a little more than two months after Jack Truong resigned as CEO of the company's North American division. Electrolux North America said earlier this month it was cutting 1% of its workforce, including an undisclosed number at its Charlotte headquarters.

Merck cuts contract jobs at Durham plant

June 25, 2015

(WRAL TechWire)

Merck cut an unspecified number of contract positions at its Durham vaccine-manufacturing plant as part of a global effort to improve operations. A company spokesperson said no full-time jobs were cut at the plant, which employs about 1,400 people.

Movie-studio project could be headed to SC

June 25, 2015

(The Charlotte Observer)

Studio South, the company that once proposed building movie studios at the site of the former Eastland Mall in Charlotte, is now considering building a $125 million studio complex on the Catawba Reservation in York County, S.C.

Mills River cidery preps for production

June 25, 2015

(Hendersonville Times-News)

Bold Rock Hard Cider expects to begin production at its new, 22,500-square-foot Mills River facility by the end of the summer. The Virginia-based company plans to use Henderson County apples in its hard cider.