Business

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.

Unifi partners with Detroit Lions

August 5, 2014

(Winston-Salem Journal)

Greensboro-based Unifi has formed a sustainability partnership with the Detroit Lions to promote recycling at the NFL team's stadium. Players will kick off the collaboration by wearing jerseys made with the company's Repreve fabric, which is created with yarn made from recycled plastic bottles.

Extended Stay launches secondary stock offering

August 5, 2014

(The Charlotte Observer)

Extended Stay America announced a stock offering of 21 million shares on Monday. Three investment companies that own Extended Stay shares will receive proceeds from the offering. The Charlotte-based hotel chain went public in November. 

Goodwill to open $20 million Charlotte campus

August 5, 2014

(The Charlotte Observer)

Goodwill Industries will invest $20 million in an 18.5-acre Charlotte campus where it expects to serve more than 10,000 people in its first year. The campus will house a center for job training and placement services, two stores, a credit union and a distribution center. It is expected to open by mid-2016.

ChannelAdvisor raises guidance after strong second quarter

August 5, 2014

(The News & Observer, Raleigh)

Morrisville-based ChannelAdvisor reported revenue of $20.8 million in the second quarter, up 30% from the same period a year ago and higher than analysts' projections. The e-commerce software company increased its guidance for the full year to between $86 million and $86.7 million, up from $85 million to $86 million.

Nursing program approved at Campbell University

August 5, 2014

(The Fayetteville Observer)

Campbell University received initial accreditation to begin a nursing program at the Buies Creek campus. Pre-nursing students will be allowed to enroll this fall and the program will begin in fall 2016.

Cary's Ignite Social Media loses major client, plans layoffs

August 5, 2014

(The News & Observer, Raleigh)

Ignite Social Media will lay off roughly half of its 110 employees after losing a major client. The Cary-based marketing agency lost its account with Chrysler Group, its largest client since 2011. Most of the job cuts will be in the agency's Detroit office.

Investor sues Family Dollar over sale to Dollar Tree

August 4, 2014

(The Charlotte Observer)

A Family Dollar investor filed a lawsuit claiming the company's board of directors failed to shop around for the highest price when it agreed to sell the Matthews-based retailer to Chesapeake, Va.-based Dollar Tree Inc. for $8.5 billion.

$700M urban village coming to uptown Charlotte?

August 4, 2014

(The Charlotte Observer)

A Charlotte developer has been planning an "urban village" in an eight-block area of uptown's First Ward since the 1990s. It may finally get off the ground if Mecklenburg County commissioners approve Levine Properties' latest plan, which includes a 3.2-acre park, apartments, offices and hotels, at its meeting on Tuesday. 

Novant rolls out new health-records system in Forsyth

August 4, 2014

(Winston-Salem Journal)

Novant Health began its largest medical-records transition project to date at its medical centers and offices in Forsyth County on Friday. Winston-Salem-based Novant is spending $600 million on the conversion to electronic medical records at locations in the Carolinas, Virginia and Georgia.