Business

New Belgium to break ground on Asheville brewery in May

March 14, 2014

(Asheville Citizen-Times)

Fort Collins, Colo.-based New Belgium Brewing will break ground on its Asheville brewery May 1-2, but the main construction on the project won't begin until 2015. The 133,000-square-foot brewery and a new Enka distribution center will employ up to 140 people.

Charlotte Douglas replacing smaller, regional flights with larger ones

March 14, 2014

(The Charlotte Observer)

US Airways will add two mainline daily flights between Charlotte and Miami and three additional ones between Charlotte and Chicago. The airline will discontinue 10 daily regional flights to those destinations.

Luxury apartments under construction in midtown Charlotte

March 14, 2014

(The Charlotte Observer)

Construction has begun on a 296-unit luxury apartment complex close to Carolinas Medical Center and the Metropolitan complex in Charlotte's midtown area. Crescent Communities is developing the $50 million project, which will have street-level retail, two parking levels and five levels of apartments.

Chimerix CEO received death threats

March 13, 2014

(The News & Observer, Raleigh)

The CEO of Durham-based Chimerix received death threats which led the drug-development company to place its office on lockdown prior to the company's decision to provide an experimental antiviral drug to a gravely ill 7-year-old boy in Virginia.

Charlotte Douglas cancels solar project

March 13, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport has canceled plans to install solar panels that could have produced 53 megawatts of energy. An official said the airport is considering adding a fourth parallel runway, and the solar panels might interfere with the expansion. In addition, panels that were to be installed on parking lots could jeopardize tax-exempt bonds the airport uses to pay for parking projects.

BB&T's King predicts jobs growth at technology center in Wilson

March 13, 2014

(The Wilson Times) 

BB&T chief executive Kelly King said he expects continued growth in the bank's workforce in Wilson, where the bank employs 2,297 at its technology and information center. King said that whenever the bank expands in new territories, jobs in Wilson grow as well. BB&T was started in Wilson in 1872 and moved its headquarters to Winston-Salem in 1995.

Chinese coal firm moving to Charlotte

March 13, 2014

(The Charlotte Observer)

The Daniels Company, a subsidiary of a Beijing-based coal-prep technology firm, has bought an office building adjacent to SouthPark mall and plans to relocate 30 workers there from Bluefield, W.Va. The company also plans to hire an additional 30 people and open a manufacturing center for coal-production equipment.

Developer plans to announce High Point corporate-park tenant next month

March 13, 2014

(High Point Enterprise)

The developer of a new corporate park in High Point said he expects to announce the name of its first tenant by mid-April. According to city documents, a 1.2 million-square-foot warehouse and distribution center are planned for the site, and Ralph Lauren Corp. has been rumored to be the center's soon-to-be occupant. 

Study: Raising minimum wage would hurt hiring

March 13, 2014

(The News & Observer, Raleigh)

In a new study by Duke University and CFO Magazine, 56.7% of CFOs at retail businesses and 44.1% at service-based companies say they would reduce hiring if the minimum wage goes up to $10 per hour.

Herbalife faces FTC investigation

March 13, 2014

(The News & Record, Greensboro)

Los Angeles-based Herbalife, which plans to open a $130 million plant in Winston-Salem this year, said it has received a civil investigative demand from the Federal Trade Commission. The company, which sells nutritional supplements, has been accused of operating a pyramid scheme by hedge-fund manager William Ackman.