Business

Record job growth lifts Asheville housing market

May 28, 2015

(Asheville Citizen-Times)

Local job growth – which is twice the national average over the last year, according to an economist with Nationwide Insurance –  and steep rents are contributing to a strong housing market in Asheville.

Sausage plant to create 177 jobs in Clinton

May 27, 2015

(The Fayetteville Observer)

In a joint venture with Smithfield Foods, Kansas City Sausage will open a 90,000-square-foot plant in Sampson County and plans to create 177 jobs. Construction is expected to begin immediately and will be completed by June 2016.

Reynolds-Lorillard merger gains FTC approval

May 27, 2015

(Winston-Salem Journal)

The Federal Trade Commission has approved the $27 million deal in which Reynolds American would acquire rival cigarette-maker Lorillard. The companies are still awaiting federal approval to sell five brands to Imperial Tobacco Group for $7.1 billion.

Yadkin County looks for state help to re-open shuttered hospital

May 27, 2015

(Winston-Salem Journal)

Yadkin County commissioners are seeking state help in reopening Yadkin Valley Community Hospital, which closed abruptly Friday. The county and HMC/CAH Consolidated, which operates the 20-bed hospital, failed to negotiate a lease extension.

Bidding war continues for Stonewall site in uptown Charlotte

May 27, 2015

(The Charlotte Observer)

A third developer has submitted a bid for a 3.8-acre parcel on Stonewall Street in uptown Charlotte. Local apartment developer Northwood Ravin is offering $14.15 million for the land, where it plans to build up to 50,000 square feet of retail and offices and 400 residential units.
Related: Charlotte Knights planning mixed-use office building at ballpark

SAS plans new building on Cary campus

May 27, 2015

(The News & Observer, Raleigh)

SAS plans to build a new, 400,000-square-foot tower on its Cary campus. The nine-story building, the software company's 24th, is expected to open in early 2019.

Vidant seeks to add 85 beds at Greenville hospital

May 27, 2015

(The Daily Reflector, Greenville)

Vidant Health has filed a certificate of need request to add 85 acute-care beds at its Greenville medical center. A public hearing is scheduled for June 18.

Leader of mortage-fraud conspiracy sentenced in Charlotte

May 27, 2015

(The Charlotte Observer)

James Tyson Jr., 34, was sentenced to 30 years in prison for his role in Operation Wax House, a mortgage-fraud investigation centered on Charlotte and Union counties. Ninety-one people have been charged in the probe, which covers activity from 2005 to 2012; 89 have been convicted or pleaded guilty.

Shareholders approve NewDominion's plan to raise capital

May 27, 2015

(The Charlotte Observer)

Shareholders of NewDominion Bank approved a plan that will allow the bank to issue up to 30 million preferred shares, up from a previous cap of 5 million. The Charlotte-based bank seeks to raise about $20 million through a mix of common and preferred shares in order to free itself from federal restrictions.

Charter to pay $55B for Time Warner Cable

May 26, 2015

(The Charlotte Observer)

Charter Communications will pay $195.71 a share – about $55 billion – for Time Warner Cable in a cash and stock deal. New York-based Time Warner, the nation's second-largest cable company, employs about 3,140 people in the Charlotte area.