Business

Siemens to acquire Charlotte software company

October 15, 2014

(The Charlotte Observer)

Munich-based engineering company Siemens AG will acquire Charlotte-based Camstar Systems, an industrial software provider with 250 global employees, including about 100 in Charlotte. Financial terms were not disclosed. The deal is expected to close in late November.

Butterball might be interested in House of Raeford plant

October 15, 2014

(The Fayetteville Observer)

A local economic-development official says at least "a couple" of businesses have expressed interest in buying the Hoke County turkey plant House of Raeford plans to close within the next two months. Garner-based Butterball, which owns a turkey hatchery nearby, could be one of them.

Interest declines for Wilmington film industry

October 15, 2014

(StarNews, Wilmington)

Following legislative changes that reduced incentives for the state's film industry, production inquiries are down from 15 to 20 per month to about six or seven, according to the director of the Wilmington Regional Film Commission. "People just aren't as interested now," Johnny Griffin said at a quarterly commission meeting Tuesday.

Wake Forest-based PowerSecure acquires Florida data center

October 15, 2014

(WRAL TechWire)

Wake Forest-based PowerSecure International bought a data center owned by St. Petersburg, Fla.-based Power Design in a deal worth up to $15 million. Wake Forest-based PowerSecure provides energy  services to electric utilities and their commercial and industrial customers.

High Point-based Stanley Furniture reports 3Q loss

October 15, 2014

(Winston-Salem Journal)

Sales were down 4.9% in the third quarter for Stanley Furniture, partly due to the discontinuation of its Young America bedroom line (Statewide, May). The High Point-based manufacturer reported a loss of $2.26 million compared with a loss of $2.47 million a year ago.

Wells Fargo posts higher profits in third quarter

October 15, 2014

(Winston-Salem Journal)

San Francisco-based Wells Fargo reported $5.7 billion in profits in the third quarter, up 3% compared with the same period a year ago. 

Technimark may bring 224 jobs to Asheboro

October 14, 2014

(News & Record, Greensboro)

Plastics manufacturer Technimark is considering a $46 million expansion that would add 224 jobs to its existing 981 in Randolph County. The county and the city of Asheboro approved $1 million in incentives last week for the locally-based company to build a new factory. 

Ruling blocks commission from running Charlotte airport

October 14, 2014

(The Charlotte Observer)

A Superior Court judge issued a permanent injunction that blocks a 13-member state-appointed commission from running Charlotte Douglas International Airport. Judge Robert Ervin's ruling leaves the door open for the FAA to rule in favor of the commission, though the agency said last month it wouldn't consider an application to transfer control of the airport because the city hasn't requested it.

Cape Fear Valley considers partnership with Harnett Health

October 14, 2014

(The Fayetteville Observer)

The board of trustees of Fayetteville-based Cape Fear Valley Health could vote later this month on a proposed partnership with Harnett Health System in Dunn. Harnett Health operates hospitals in Dunn and Lillington, along with clinics and rehabilitation centers in Harnett and Johnston counties.

More fall tourists expected in Western NC

October 14, 2014

(Asheville Citizen-Times)

An improved fall foliage forecast could fill hotels in Western N.C., according to a report from Western Carolina University. More tourists are expected this year compared with 2013, when a federal government shutdown during the first 15 days of October forced campgrounds and visitor centers to close.