Business

Chiquita delays merger vote

September 9, 2014

(The Charlotte Observer)

Less than a week after two advisory groups recommended its shareholders vote against a pending merger with Dublin-based Fyffes, Chiquita Brands International postponed the merger vote originally scheduled for Sept. 17 to Oct. 3. Chiquita says it will enter discussions with Cutrale and Safra Group, two Brazilian companies that have offered to buy the Charlotte-based produce company for $611 million.

Coalition forms following pipeline announcement

September 9, 2014

(The News & Observer, Raleigh)

A group of 22 environmental protection groups in Virginia and West Virginia are teaming up following the announcement of a proposed $5 billion natural gas pipeline that will run through both states and eastern North Carolina. 

Charlotte City Council approves $33.5 million for arena upgrades

September 9, 2014

(The Charlotte Observer)

The Charlotte City Council approved spending $33.5 million over 10 years on enhancements to Time Warner Cable Arena, home of the Charlotte Hornets. The team will use the money to renovate restaurants and bathrooms, add seating and make other improvements at the nine-year-old arena. 

WNCT wants to oust WRAL from Greenville, Kinston markets

September 9, 2014

(Kinston Free Press)

Media General, which owns Greenville-based CBS affiliate WNCT, has asked the Federal Communications Commission to remove Raleigh-based WRAL from cable packages offered in Kinston and Greenville.

Electrolux to acquire GE's appliance business for $3.3 billion

September 8, 2014

(WRAL.com)

Electrolux will pay $3.3 billion for General Electric's appliances division. Based in Louisville, Ky., GE's appliance business employs 12,000 people at nine factories. Stockholm, Sweden-based Electrolux, which has its North American headquarters in Charlotte, is the second largest appliance manufacturer in the world, behind Benton Harbor, Mich.-based Whirlpool.

Buncombe could lose hundreds of potential jobs if state doesn't act

September 8, 2014

(Asheville Citizen-Times)

Buncombe County commissioners have approved local incentives for two companies that would bring a total of 450 jobs to the region, but those jobs could be in jeopardy if the state doesn't pass legislation to expand economic-development incentives.

Family Dollar rejects Dollar General's revised bid

September 8, 2014

(The Charlotte Observer)

Matthews-based Family Dollar rejected Dollar General's revised $9.1 billion buyout offer and accelerated the timeline of its pending deal with Chesapeake, Va.-based Dollar Tree. Dollar Tree is expected to complete its acquisition of Family Dollar by the end of November, rather than early next year as previously announced.

Wilson's FCC petition draws comments from telecom leaders

September 8, 2014

(The Wilson Times)

About 150 comments have been filed with the FCC since the City of Wilson asked the federal agency to overturn a state law that would allow it to expand its Greenlight broadband network beyond county lines. Netflix wrote in favor of the city's request, while AT&T, CenturyLink and USTelecom opposed the petition.

Reynolds American calls for ban on vapor e-cigarettes

September 8, 2014

(Winston-Salem Journal)

Reynolds American wants the Food and Drug Administration to ban the use of vapor electronic cigarettes, which the company says are subject to tampering and offer fruit and candy flavors which appeal to youth and children. 

 

Wells Fargo could add more branches in Charlotte, Triangle

September 8, 2014

(The Charlotte Observer)

Wells Fargo may add bankers and branches in the Charlotte, Raleigh and Charleston, S.C. markets over the next three to five years. Rick Redden, regional president for the Carolinas, says those regions are adding new households at a faster rate than the U.S. average.