Business

Red Hat quarterly revenue up 17%, company raises forecast

June 19, 2014

(The News & Observer, Raleigh)

Red Hat increased its annual revenue forecast by $30 million after reporting a 17% increase in first-quarter revenue. Profits fell to $37.7 million from $40.4 million for the same period a year ago. The Raleigh-based software company also announced it will acquire French cloud-computing company eNovance for about $95 million by the end of the month. 

Growth expected in coastal Hampstead

June 19, 2014

(StarNews, Wilmington)

The small coastal community of Hampstead in Pender County is on the cusp of experiencing significant commercial and residential growth once sewer and water lines are installed. 

Charlotte's Northlake Mall to be sold

June 19, 2014

(The Charlotte Observer)

Northlake Mall will be sold to Starwood Property Group as part of a $1.4 billion transaction that includes seven malls in Florida, Michigan, Texas and Virginia. Northlake has nearly 1.1 million square feet and currently is owned by Bloomfield, Mich.-based Taubman Centers Inc.

 

Bladen County Smithfield plant still closed after ammonia leak

June 19, 2014

(The Fayetteville Observer)

Smithfield Packing in Tar Heel remains closed after an ammonia leak forced an evacuation of the plant's 2,400 employees on Tuesday.

Fayetteville's Family Foods sells 31 restaurants to Calif. company

June 19, 2014

(The Fayetteville Observer)

Fayetteville-based Family Foods sold its 31 Taco Bell and Long John Silver's restaurants to Calif.-based Flynn Restaurant Group for an undisclosed amount. Flynn operates 640 restaurants with $1.4 billion in annual sales.

Documents show Duke Energy warned about drainage pipe in 1986

June 18, 2014

(News & Record, Greensboro)

Engineering reports from 1986 and 1992 show potential problems with a corrugated-metal drainage pipe at Duke Energy's Dan River Steam Station. The reports from the N.C. Utilities Commission were subpoenaed as part of a federal investigation into February's coal-ash spill at the plant. 

SunTrust to pay NC homeowners $21.5 million in settlement

June 18, 2014

(WRAL.com)

North Carolina homeowners will receive up to $21.5 million from Atlanta-based SunTrust Banks as part of a nearly $1 billion national settlement over mortgage-servicing errors. In addition, more than 2,400 people who lost their homes in foreclosure will be eligible to receive payments totaling about $2 million.

Grifols opens $370M plant in Johnston County

June 18, 2014

(The News & Observer, Raleigh)

Grifols opened a new $370 million, 155,000-square-foot plant in Clayton on Tuesday that will double the company's blood plasma production there. Grifols employs 1,650 in Clayton and 2,300 in the state, and Gov. Pat McCrory said the Spanish company is considering North Carolina for future expansion.

Reynolds begins national distribution of e-cigarettes

June 18, 2014

(Winston-Salem Journal)

Reynolds-American will begin selling VUSE electronic cigarettes nationwide on Monday. The product is currently distributed only in Colorado and Utah. The Winston-Salem-based company recently announced it will hire 200 people to produce the e-cigarettes at its Tobaccoville plant. 

Oskar Blues to open ranch for mountain biking, events

June 18, 2014

(Asheville Citizen-Times)

Oskar Blues Brewery will open a 145-acre farm with mountain-biking trails and music and event space about 8 miles from its Brevard brewery. The REEB Ranch also will have a bike-tour service, on-site lodging and tent camping.