Business

Hotel developer buys downtown Raleigh site

December 14, 2015

(The News & Observer, Raleigh)

A group controlled by Greensboro-based CN Hotels has acquired its second site in downtown Raleigh. At least four developers are planning new hotels in downtown Raleigh, which has seen an increased number of visitors in recent years.

Honda Aircraft offers peek inside Greensboro plant

December 11, 2015

(Winston-Salem Journal)

Some customers have been waiting more than six years for one of the first 20 HondaJets on display at the company's production plant in Greensboro, and at least two jets will be shipped by year-end, CEO Michimasa Fujino says. The FAA this week granted certification for the $4.5 million light aircraft, which were originally expected to be available in 2010.

LabCorp buys California lab-testing firm

December 11, 2015

(WRAL TechWire)

Burlington-based LabCorp will buy Pathology, a laboratory with 50 locations in California that provides clinical testing focused on women's health and reproductive donor testing, according to its website. Financial terms were not disclosed.

TNT series to film in Wilmington

December 11, 2015

(StarNews, Wilmington)

The Wilmington film industry received some good news Thursday: TNT will film nine more episodes of Good Behavior, a TV drama starring Downton Abbey's Michelle Dockery, in the coastal city. The pilot for the series was shot in Wilmington this fall.

Duke Energy combines chairman, CEO roles

December 11, 2015

(The Charlotte Observer)

Duke Energy CEO Lynn Good will become chairman Jan. 1, the company said Thursday. Current chairman Ann Maynard Gray will remain on the board. Piedmont Natural Gas CEO Tom Skains will become a director after Duke completes its $4.9 billion acquisition of the Charlotte-based energy company.

Sycamore Partners completes $3B buyout of Belk

December 11, 2015

(The Charlotte Observer)

Charlotte-based Belk is no longer the nation's largest family-owned department store chain. New York-based private equity firm Sycamore Partners said Thursday it has completed its purchase of the 300-store company. Belk's headquarters will remain in Charlotte, and Tim Belk will remain CEO.

Tyson Foods considers $5M Monroe expansion

December 11, 2015

(The Charlotte Observer)

Local governments approved $225,000 in incentives for Tyson Foods to expand in Union County. The chicken processor, which employs more than 1,500 people in Monroe, is considering a $5 million investment that would add 50 jobs.

Asheville City Council weighs in on I-26 route

December 11, 2015

(Asheville Citizen-Times)

The Asheville City Council voted unanimously to submit a resolution to the N.C. Department of Transportation that recommends minimizing the size of the $750 million Interstate 26 project. The state's proposal calls for widening Interstate 240 from four to eight lanes in west Asheville.

Murdock taps new leader for NC operations

December 11, 2015

(Independent Tribune, Concord)

Mark Spitzer was promoted to vice president for North Carolina operations for Castle & Cooke, billionaire David Murdock's real-estate business that includes the N.C. Research Campus. Previously director of human resources, Spitzer will oversee the company's real estate, recreational and hospitality operations in the Kannapolis area.

HondaJet gets long-awaited FAA approval

December 10, 2015

(News & Record, Greensboro)

Honda Aircraft can finally begin delivering its $4.5 million light jets, produced in Greensboro. CEO Michimasa Fujino said Wednesday that the Federal Aviation Administration has completed all testing of the aircraft; more than 100 orders have already been placed, the company says.