Business

Lumber company adding 114 jobs in Graham County

November 11, 2014

(Asheville Citizen-Times)

Oak Valley Hardwoods, a Charlotte-based subsidiary of China-based Tides and Times Group USA, will create 114 jobs and invest more than $10.1 million in a lumber operation in Robbinsville. The company will take over the former Stanley Furniture factory, where 400 workers – about 13% of the workforce in Graham County – lost their jobs when the company shuttered the plant earlier this year (Statewide, May).

Old Dominion announces $200M stock buyback program

November 11, 2014

(Winston-Salem Journal)

Old Dominion Freight Line's board of directors announced a stock repurchase program of up to $200 million over two years. The Thomasville-based trucking company reported $2.07 billion in revenue for the nine-month period ended Sept. 30, compared with $2.34 billion for all of fiscal 2013.

DOT plans improvements to Raleigh's Wade Ave. area

November 11, 2014

(WRAL.com)

The N.C. Department of Transportation will hold a public meeting Wednesday to present a $92 million plan for improvements to a 3.5-mile stretch of Interstate 440 in Wake County. Plans include expanding the road from two lanes to three, adding interchanges and replacing bridges. 

TBS to film TV pilot in Wilmington

November 11, 2014

(StarNews, Wilmington)

TBS will film a pilot for a TV comedy series in Wilmington in December. The untitled pilot will will be one of the last film projects to take advantage of North Carolina's 25% tax credit, which expires Dec. 31.

Greensboro Partnership to unveil collaboration space

November 11, 2014

(News & Record, Greensboro)

The economic-development organization will host the grand opening of CoLab, a co-working space for entrepreneurs in downtown Greensboro, on Nov. 17.  

UNC Pembroke chancellor to retire

November 11, 2014

(The Fayetteville Observer)

UNC Pembroke Chancellor Kyle Carter announced Monday he will retire June 30, 2015 after five years in the post. 

Belk to close Biltmore Square store by January

November 11, 2014

(Asheville Citizen-Times)

Charlotte-based Belk will close its retail store at Asheville's Biltmore Square Mall by the end of January, a company spokeswoman said. The mall is being transformed into an outlet center that is expected to open in the spring. Belk has another local store at Asheville Mall on Tunnel Road.

HCL leases four-story office building in Cary

November 11, 2014

(The News & Observer, Raleigh)

HCL has leased a 125,000-square-foot building off Regency Parkway in Cary. The India-based technology consulting firm announced in September it will invest $9 million to expand its local Global Delivery Center and add 1,237 jobs.

Technimark investing $25M in Asheboro plant

November 10, 2014

(Winston-Salem Journal)

Technimark will add 163 jobs and invest $25.9 million over three years at its Asheboro headquarters and manufacturing plant, where the company employs nearly 1,000 people. Technimark makes plastic packaging components for consumer products including detergent and shampoo. 

Cape Fear Valley begins restructuring of Harnett Health

November 10, 2014

(WRAL.com)

Cape Fear Valley Health will lay off 19 Harnett Health employees as part of a financial restructuring. The Fayetteville-based hospital system took over management of the financially troubled Harnett Health, which includes 101-bed Betsy Johnson Hospital in Dunn and 50-bed Central Harnett Hospital in Lillington, last week.