Business

Charlotte Goodyear shop closing to make way for 27-story tower

October 21, 2014

(The Charlotte Observer)

A longstanding Goodyear auto-repair shop in downtown Charlotte is closing to make way for a 27-story mixed-use tower that will include hotel, retail and office space. Charlotte-based Crescent Communities plans to build the tower on the 3-acre site, but won't announce a construction start date until it secures an anchor tenant.

Duke scientists develop technology to identify fracking chemicals

October 21, 2014

(The News & Observer, Raleigh)

Scientists at Duke University have developed a new method to trace fracking chemicals in waterways and other drinking-water sources. The researchers say the technology could be used to identify accidental spills from shale-gas drilling.

Sierra Nevada opens tasting room at Mills River brewery

October 21, 2014

(Asheville Citizen-Times)

Sierra Nevada has opened a tasting room for visitors who complete a 90-minute walking tour of its Mills River brewery. The Chico, Calif.-based beer maker plans to open a restaurant and music room in January. Sierra will brew about 200,000 barrels of beer annually when the brewery reaches full production.

Advisor changes recommendation, supports Chiquita-Fyffes merger

October 21, 2014

(The Charlotte Observer)

Institutional Shareholder Services said Monday it now endorses a revised merger agreement between Charlotte-based Chiquita Brands International and Dublin-based produce company Fyffes. The advisory group last month recommended that shareholders reject the Fyffes proposal and instead endorsed an offer from Brazil-based Cutrale and Safra Group.

Wells Fargo expands market share in Triangle

October 21, 2014

(The News & Observer, Raleigh)

Wells Fargo's market share ranked by deposits in the Raleigh-Cary metropolitan statistical area increased to 30.5% as of June 30, up from 28.68% a year ago. 

Davidson County moves ahead with plans for 431-acre industrial park

October 20, 2014

(Winston-Salem Journal)

Davidson County has closed on about 100 acres in the first phase of a 431-acre industrial park it hopes will attract advanced manufacturers and other companies. The county's Economic Development Commission says it has options on an additional 126 acres and is conducting due diligence on another 205.

Activist shareholder wants to oust Family Dollar board members

October 20, 2014

(The Charlotte Observer)

Elliott Advisors said Friday it was nominating seven directors to replace current Family Dollar board members. The hedge fund says the current board members lack expertise to negotiate a deal with Chesapeake, Va.-based Dollar Tree or Goodlettsville, Tenn.-based Dollar General. 

N.C. Supreme Court to hear Hofmann Forest case

October 20, 2014

(The Daily News, Jacksonville)

A legal challenge over the sale of N.C. State University's research forest in Eastern N.C. has been moved from the N.C. Court of Appeals to the N.C. Supreme Court. A group of opponents that includes professors and conservationists filed a complaint over the pending sale of Hofmann Forest in 2013, citing concerns over loss of public lands and potential environmental impact.

Ashley Furniture unveils Davie County furniture factory

October 20, 2014

(Winston-Salem Journal)

The world's largest furniture maker unveiled its new 2.8-million-square-foot manufacturing and distribution center in Advance on Friday. Ashley Furniture Industries plans to employ 800 people at the plant by year-end.

80 Asheville businesses call for Duke Energy to retire Skyland plant

October 20, 2014

(Asheville Citizens-Times)

Eighty Asheville-area businesses sent a letter to Duke Energy CEO Lynn Good asking for the closure of the company's coal-fired power plant in Skyland. The letter calls the plant the "largest single source of carbon pollution in Western North Carolina" and accuses the utility of illegally polluting the French Broad River through coal-ash seepage.
Update: Coal-campaign letter bewilders some businesses