Ashley Furniture adding 454 jobs in Davie County

October 14, 2015

(Winston-Salem Journal)

Ashley Furniture plans to add 454 jobs and invest $8.7 million at its Advance manufacturing plant. The world's largest residential furniture company has already invested $250 million and employs about 1,120 people in Davie County. Salaries were not immediately disclosed. Click here to read the press release

Asheville on short list for major brewery

October 14, 2015

(Asheville Citizen-Times)

The president of Bend, Ore.-based Deschutes Brewery will visit with local brewers in Asheville next week. The nation's sixth-largest craft brewer is also considering Charlottesville and Roanoke in Virginia and Greenville and Charleston in South Carolina for its first East Coast facility. Deschutes says it will make its decision by year-end.

Food Lion invests $250M in Triangle market

October 14, 2015

(The News & Observer, Raleigh)

Food Lion says it has spent $250 million on employee training and renovations at 162 stores in the Raleigh area. Upgrades include expanded gluten-free, natural and organic offerings and larger produce sections. Food Lion's market share in the area is 19.5%, second only to Wal-Mart, according to Chain Store Guide.

Beer giants to join forces in changing industry

October 14, 2015


With more people choosing craft beer, wine or other beverages, SABMiller accepted a $106 billion takeover bid from Anheuser Busch InBev.  SABMiller is the majority owner of MillerCoors, which said last month it will close its Eden brewery by September 2016, laying off more than 500 workers.

Wells Fargo buying GE's commercial lending business

October 14, 2015

(The Charlotte Observer)

Wells Fargo, which has its largest employee base in Charlotte, will buy about $32 billion in assets from General Electric, which has been selling off its finance business in recent years. The San Francisco-based bank will gain about 3,000 workers.

SAS ranks 2nd on global 'Great Place to Work' list

October 14, 2015

(WRAL TechWire)

Cary's SAS Institute, the world's largest privately held software company, landed at No. 2 on the World's Best Multinational Workplaces list. California-based Google was No. 1.

Raleigh could loosen restrictions on food trucks

October 14, 2015

(The News & Observer, Raleigh)

Raleigh city staff is expected to draft a trial program for food trucks to operate on public streets. City council will consider the issue on Nov. 17. Food trucks are currently allowed to serve customers only on private property.

Dell buying major Apex tech employer EMC

October 13, 2015


Computer maker Dell will buy EMC, a Massachusetts-based data storage company with a large presence in Apex, for about $67 billion. The companies said the combination will create the world's biggest privately held integrated tech company. EMC was awarded a state grant of up to $7.4 million when it announced the creation of 400 new jobs in 2009.

Automotive supplier adding 76 jobs in Lee County

October 13, 2015

(The Fayetteville Observer)

Magneti Marelli Powertrain will invest $12 million and create 76 jobs in Sanford over the next three years in an expansion of its local plant. The Italy-based company makes engines and transmissions components for cars, motorbikes and other light vehicles.

Wilmington's Live Oak Bank nation's No. 2 SBA lender

October 13, 2015

(Greater Wilmington Business Journal)

Wells Fargo remains the nation's top SBA lender, with loans totaling nearly $2 trillion for the fiscal year that ended Sept. 30. Wilmington's Live Oak Bank was second, will 966 loans totaling about $1.15 trillion, according to a report released Monday by the federal Small Business Administration.