Business

Wicked Weed expanding in Buncombe County

August 6, 2014

(Hendersonville Times-News)

Asheville-based Wicked Weed Brewing will build a new production plant in Buncombe County that will allow it to brew 50,000 barrels of beer a year. The company will invest $5 million in the 40,000-square-foot plant, which is expected to open by fall 2015.

Charlotte's Premier to acquire software company for $117M

August 6, 2014

(The Charlotte Observer)

Premier Inc. will buy software provider TheraDoc for $117 million, the Charlotte-based health-care services company said Tuesday. TheraDoc is a subsidiary of Lake Forest, Ill.-based Hospira Inc.

ChannelAdvisor shares fall 30%

August 6, 2014

(The News & Observer, Raleigh)

Shares of Morrisville-based ChannelAdvisor fell 30% on Tuesday after the company released second-quarter results showing it added new customers at a slower pace than anticipated. The software company added 108 customers in the second quarter, compared with 136 in the first quarter.

About 250 attend anti-fracking meeting in Yadkinville

August 6, 2014

(Winston-Salem Journal)

About 250 people, many residents of Davie and Yadkin counties, met Tuesday night to learn about fracking. The event was organized by a grassroots group opposed to fracking in the area. A small shale basin has been identified in Davie County, but the potential for shale gas there is still unknown.

Regulators say BofA must improve 'living will'

August 6, 2014

(The Charlotte Observer)

Federal regulators say Charlotte-based Bank of America and 10 other banks must make improvements to "living wills" that outline how they would be dismantled in a time of financial distress. The government required banks to submit the plans to prevent another federal bailout. 

Wilmington shopping center sold for $13.9M

August 6, 2014

(StarNews, Wilmington)

Lumina Commons shopping center in Wilmington has been sold to Phillips-Edison ARC Shopping Center REIT Inc. for nearly $13.9 million. The center is anchored by a Harris Teeter grocery store. 

Non-mortgage products boost revenue for Tree.com

August 6, 2014

(The Charlotte Observer)

Charlotte-based Tree.com, parent company of LendingTree, posted record revenue of $42.1 million in the second quarter, due partly to gains in non-mortgage products including education and personal loans.

Pike Corp. to be taken private

August 5, 2014

(Winston-Salem Journal)

A New York-based private-equity firm will become majority owner of Pike Corp. if shareholders approve a plan to take the Mount Airy-based company private. Under the plan announced Monday by president and chairman Eric Pike, Pioneer Parent Inc., an affiliate of Court Square Capital Partners, would lead the buyout and shareholders would receive $12 a share.

'Super Bowl' of military business begins today in Fayetteville

August 5, 2014

(The Fayetteville Observer)

At least 800 companies will attend the 13th annual N.C. Defense and Economic Development Trade Show in Fayetteville this week. The event, sponsored by Sens. Kay Hagan and Richard Burr, connects local businesses with Fort Bragg and the Department of Defense.

GE Aviation has backlog of orders as Asheville plant nears completion

August 5, 2014

(Asheville Citizen-Times)

Although GE Aviation has a backlog of $160 billion in orders for jet-engine parts, the company says it needs the support of the U.S. Export-Import Bank to do business in emerging markets. The company plans to hold a grand opening for its new, 170,000-square-foot Asheville plant in October.