Business

Charlotte City Council paves way for Cotswold Publix

January 21, 2015

(The Charlotte Observer)

Charlotte City Council approved a rezoning request to allow for the construction of a Publix grocery store in the Cotswold neighborhood. The developer will tear down an existing building on Randolph Road and build the new store directly across the street from an existing Harris Teeter. The council also approved a 194-unit apartment complex with 15,000 square feet of retail in Charlotte's Ballantyne area.

Citizens group seeks to halt I-77 toll lanes

January 20, 2015

(The Charlotte Observer)

A group called Widen I-77 plans to file a legal complaint Tuesday attempting to stop construction of toll lanes on Interstate-77 north of Charlotte. The N.C. DOT chose Spanish infrastructure company Cintra to build toll lanes from Charlotte's Brookshire Freeway to Exit 36 in Mooresville. Cintra will pay most of the costs of the $655 million project and will collect most of the toll revenue over 50 years.

Fayetteville commissioners may revive chicken plant proposal

January 20, 2015

(The Fayetteville Observer)

Cumberland County commissioners may vote for a third time Tuesday on holding a public hearing for incentives for a proposed Sanderson Farms chicken plant that would create 1,000 jobs. Commissioner Charles Evans, the swing vote in the commission's 4-3 vote that defeated the proposal, says he has changed his mind.

Stanley Furniture to bring back youth product lines

January 20, 2015

(Winston-Salem Journal)

Stanley Furniture announced it will revive its youth and nursery furniture lines as an import business less than a year after ending domestic production and laying off 400 workers at its Robbinsville plant (Statewide, May 2014). The High Point-based company ended domestic production of its adult furniture lines in 2010.

BofA says 800,000 customers enrolled in Apple Pay

January 20, 2015

(The Charlotte Observer)

Charlotte-based Bank of America said about 800,000 of its customers − about 5% of its 17 million mobile users − signed up for Apple Pay during the first three months the service was available.

Raleigh City Council to consider legalizing Airbnb

January 20, 2015

(The News & Observer, Raleigh)

At its Tuesday meeting, Raleigh City Council will consider whether to legalize online services such as Airbnb, which allows homeowners to rent their houses to travelers on a nightly basis. 

Ralph Lauren distribution center to open in September

January 20, 2015

(High Point Enterprise)

Construction on Ralph Lauren's 843,000-square-foot distribution center in High Point is on schedule, with a targeted completion date of September. The New York-based apparel company hasn't said how many jobs it will create when the center opens.

INC Research names first-ever president

January 20, 2015

(The News & Observer, Raleigh)

Alistair Macdonald was named the first president INC Research, the Raleigh-based contract research organization that went public in November. Macdonald has been chief operating officer since January 2013 and has been with the company since 2002. INC employs 5,400 people worldwide, including 850 in the Triangle.

'Sleepy Hollow' to exit Wilmington if series is renewed

January 19, 2015

(StarNews, Wilmington)

Fox Television Group said it will move production of "Sleepy Hollow" to Atlanta if the series is renewed. The TV drama filmed its first two seasons in Wilmington, but the state legislature replaced the state's film incentive program with a new grant program for 2015 that caps the amount of money a production can receive at $5 million.

Caterpillar to close Franklin plant, lay off 150 people

January 19, 2015

(Winston-Salem Journal)

Caterpillar will close its plant in Franklin, idling 150 workers by the end of next year. Opened in the early 1990s, the Macon County plant makes seals for heavy equipment. The Peoria, Ill.-based company said it will try to help workers find jobs at other plants.