Business

Analysts say Valeant's all-cash bid for Salix more appealing

March 13, 2015

(The News & Observer, Raleigh)

Analysts said Thursday that shareholders of Raleigh-based Salix Pharmaceuticals are likely to find Valeant Pharmaceuticals all-cash offer more appealing than Endo International's rival offer. Endo offered $175 per share in a stock and cash deal, while Valeant reached a deal last month to acquire Salix for $158 per share in cash. Canada-based Valeant expects the deal to close on April 1.

Charlotte seeks to prevent 'digital divide' when rolling out Google Fiber

March 13, 2015

(The Charlotte Observer)

Charlotte is looking to Kansas City for advice on how to get residents in poorer neighborhoods to sign up for Google Fiber, the technology company's high-speed Internet service that is expected to be available in Charlotte and the Triangle in about two years. Google only offers the service in neighborhoods where a minimum number of residents sign up for it.

DOT seeks public input on 10-year transportation plan

March 13, 2015

(The Watauga Democrat)

The N.C. Department of Transportation will hold 10 information sessions to solicit public input on its draft 10-year transportation plan, which includes more than 1,000 statewide projects. Sessions will be held across the state between March 17 and April 23.

Duke Energy installs water-monitoring wells at ash sites

March 13, 2015

(Asheville Citizen-Times)

Duke Energy will install about 860 groundwater monitoring wells at its 14 coal-ash ponds across the state. The Charlotte-based utility began drilling for wells near Asheville's Lake Julian power plant in February and expects the work to be completed in two to three months.

Union County sees first decrease in property values

March 13, 2015

(The Charlotte Observer)

About 69% of Union County homeowners saw a decrease in property values in the latest countywide revaluation. The first-ever decrease in property values could lead to a higher tax rate. Homes worth $1 million or more were impacted the most, according to Tax Administrator John Petoskey.

Smoked salmon plant opens in Pender County

March 13, 2015

(Greater Wilmington Business Journal)

Brooklyn, N.Y.-based Acme Smoked Fish has opened its 100,000-square-foot plant in Pender County, where it plans to produce 10 million pounds of smoked salmon per year. More than 50 people work at the plant, and the company plans to add more jobs as production increases. The company said in 2013 it would invest up to $30 million and hire 120 workers in Pender County.

Yadkin Bank names Lippert director of IT

March 13, 2015

(The Elkin Tribune)

Raleigh-based Yadkin Bank named Robert Lippert director of information technology. Lippert was vice president of information technology for Winston-Salem-based Allegacy Federal Credit Union and previously served as director of retail systems for Mooresville-based Lowe's. He will be based in Elkin.

Raleigh-based Salix receives rival takeover bid

March 12, 2015

(The News & Observer, Raleigh)

Endo International has made a takeover bid for Salix Pharmaceuticals for $175 per share in cash and stock. Salix reached a deal last month for Canada-based Valeant Pharmaceuticals to acquire the company for $158 a share in cash. Endo, which has made six acquisitions since February 2014, moved its headquarters from Pennsylvania to Dublin last year.

Three automakers off the table for NC

March 12, 2015

(News & Record, Greensboro)

Industry website Autoblog.com reports that Jaguar Land Rover will delay building a new U.S. factory for about three years, and Volkswagen announced Monday it will invest $1 billion in a plant in Mexico where the company will build its Tiguan sport-utility vehicles. With Mercedes opening a $500 million plant near Charleston, S.C., that only leaves Volvo as a strong candidate for a North Carolina auto plant.

Fed OKs BofA stock buybacks

March 12, 2015

(The Charlotte Observer)

The Federal Reserve gave Bank of America permission to repurchase $4 billion in common stock, but the Charlotte-based bank must fix problems with its capital planning process. The bank has six months to address the issues, which were uncovered in its annual "stress test," but regulators will allow it to begin repurchasing shares in the second quarter.