Business

Heist movie turns Asheville into Charlotte

July 30, 2014

The comedy starring Zach Galifianakis, Owen Wilson and Kristen Wiig transformed the streets of Asheville, making the Buncombe County Courthouse serve Mecklenburg County. The film is based on a real-life robbery in Charlotte in 1997.

Vegas furniture market adding showroom space

July 30, 2014

(High Point Enterprise)
International Market Centers, which owns the three major showrooms at the High Point furniture market, is expanding its Las Vegas site with about 134,000-square-feet of additional space. 

Duke deal expected to lower power costs in eastern N.C.

July 29, 2014

(The Charlotte Observer)

Duke Energy agreed to pay $1.2 billion for North Carolina Eastern Municipal Power Agency's stake in four power plants.The deal should allow Raleigh-based ElectriCities, which manages the agency, to eliminate 70% of its debt and lower power costs to its 270,000 retail customers.

For Family Dollar, the drama is done

July 29, 2014

(The Charlotte Observer)

The sale of Family Dollar Stores to Dollar Tree for more than $8 billion ends four years of activist-investor-led drama for the Matthews-based discount retailer.

Drug disappointment forces Targacept to branch out

July 29, 2014

(Winston-Salem Journal)

Targacept's latest clinical-trial disappointment will force the Winston-Salem-based drug developer to attract partnerships or take ownership stakes in areas outside its traditional research.

A privilege not to pay the privilege tax

July 29, 2014

(Wilmington StarNews)

A new law bans North Carolina municipalities from charging businesses a privilege tax beginning in 2015.

HondaJet makes its debut

July 29, 2014

(The News & Record, Greensboro)

Honda Aircraft Co., which is based at Piedmont Triad International Airport, debuted its HondaJet at the Experimental Aircraft Association's AirVenture show in Wisconsin.

Belhaven mayor walks the walk for health care

July 29, 2014

(News & Observer, Raleigh)

The mayor of Belhaven in rural Hyde County recently walked to Washington, D.C., to raise awareness for the closing of the town's only hospital.

Dollar Tree to acquire Family Dollar for $8.5 billion

July 28, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores will be bought by Chesapeake, Va.-based Dollar Tree, the companies announced Monday morning. Dollar Tree will pay $8.5 billion in the cash-and-stock deal — $74.50 a share, a 22.8% premium over Family Dollar's Friday closing price.

20 years later: BB&T-Southern National merger

July 28, 2014

(Winston-Salem Journal)

On Aug. 1, 1994, BB&T and Southern National announced a merger that would eventually make the combined bank one of the largest in the country.