Business

Other Mecklenburg towns want Google Fiber

January 29, 2015

(The Charlotte Observer)

Mecklenburg County residents outside of Charlotte − including in Huntersville and Mint Hill − want Google to bring its ultrafast Internet network to their towns as well. About 200,000 of the county's nearly 1 million residents live outside of the city limits.

Job cuts likely at Goodyear's Fayetteville plant

January 29, 2015

(The Fayetteville Observer)

Goodyear Tire & Rubber may be laying off at least 30 to 40 of its 2,500 workers at its Fayetteville tire-manufacturing plant, according to source at the company. Goodyear has not confirmed the job cuts.

Asheville Outlets to open May 1

January 29, 2015

(Asheville Citizen-Times)

Asheville Outlets, an open-air shopping center featuring about 75 retail shops, will open May 1. A job fair will be held March 26, though some stores are already hiring for management positions.

NC jobless rate falls to 5.5%

January 28, 2015

(StarNews, Wilmington)

North Carolina's unemployment rate fell for the fourth straight month, to 5.5% in December compared with November's adjusted rate of 5.9%. The rate was lower than the national rate (5.6%) for the first time since last April.

Shareholders to vote on tobacco merger

January 28, 2015

(The News & Observer, Raleigh)

Shareholders of Reynolds American and Lorillard are scheduled to vote Wednesday on their proposed $25 billion merger. The tobacco companies announced in July plans for Winston-Salem-based Reynolds to acquire Greensboro-based Lorillard and sell some of the companies' brands to Imperial Tobacco Group for $7.1 billion ("Buying a Brand," August 2014).

Google announcements met with fanfare

January 28, 2015

(The News & Observer, Raleigh)

Now that Google is officially bringing its high-speed Internet network to Charlotte and Raleigh-Durham, the Mountain View, Calif.-based company must complete a design process before it can begin the massive construction project of laying fiber. Google declined to provide a start date for either project.

NC has lowest union membership rate in the US

January 28, 2015

(The Charlotte Observer)

Only 1.9% of workers in the North Carolina were union members in 2014, compared with 3% in 2013. According to a report from the U.S. Department of Labor, the national level was 11.1%, down slightly from the previous year. New York had the highest union membership rate at 24.6%. 

Belhaven, Vidant approve plans for 24-hour clinic

January 28, 2015

(The Daily Reflector, Greenville)

The town of Belhaven reached an agreement with Vidant Health that will allow the Greenville-based health system to begin construction of a $4.2 million, 24-hour clinic that will serve Hyde and Beaufort counties. The town and the NAACP are still awaiting a decision from a federal complaint they filed over Vidant's decision last year to close Vidant Pungo Hospital.

Hickory-based CommScope buying TE Connectivity units

January 28, 2015

(Winston-Salem Journal)

CommScope Holding will pay about $3 billion for TE Connectivity's telecommunications, enterprise and wireless businesses. The deal, expected to close by year-end, will allow the Hickory-based company to expand its geographic footprint.

Hedge fund sells Family Dollar shares

January 28, 2015

(The Charlotte Observer)

Trian Fund Management sold about 6 million shares of Matthews-based Family Dollar Stores, reducing its ownership stake from 8% to about 2%, according to a securities filing Tuesday. A separate SEC filing showed that 89% of the discount retailer's shares who voted approved its pending $8.5 billion sale to Chesapeake, Va.-based Dollar Tree.