Business

New Belgium's distribution center is complete

May 13, 2015

(Asheville Citizen-Times)

New Belgium Brewing has completed construction of a 141,000-square-foot distribution center in Enka. The Fort Collins, Colo.-based beer company's West Asheville brewery, which will serve the eastern United States, is under construction and scheduled to open by year-end.

Developer outbids Atlanta company for uptown Charlotte land

May 13, 2015

(The Charlotte Observer)

National developer Camden USA offered the city of Charlotte $13.3 million for a 4-acre parcel on Stonewall Street. Atlanta-based apartment developer Pollack Shores had an agreement with the city to purchase the land for $12.2 million. A new upset bid period will end May 26.

Chimerix receives $100M federal contract

May 12, 2015

(The News & Observer, Raleigh)

Durham-based drug developer Chimerix was awarded a $100 million federal contract to produce brincidofovir, its experimental antiviral drug that can be used to defend against smallpox, for government stockpiles. The contract could be worth as much as $435 million if the Biomedical Advanced Research and Development Authority exercises options to order up to 1.7 million treatment courses.

Lenovo laying off 165 Triangle workers

May 12, 2015

(The News & Observer, Raleigh)

Lenovo confirmed Monday it will lay off 235 people nationwide, including 165 in the Triangle, as a result of its acquisition of one of IBM's server units. Most affected employees are former IBM workers.

Food Lion parent in merger talks

May 12, 2015

(The Charlotte Observer)

Delhaize Group, the Brussels-based parent company of Food Lion, and Netherlands-based Royal Ahold are in preliminary merger talks, according to Belgian newspapers. Ahold operates Stop & Shop grocery stores in the U.S.

Novant seeks proposals for Louisburg hospital

May 12, 2015

(Winston-Salem Journal)

Novant Health is exiting the Triangle market with plans to sell Franklin Medical Center in Louisburg. The Winston-Salem-based hospital system announced in October it was reducing the number of inpatient beds at the hospital from 83 to 15.

Herbalife incentives still up in the air

May 12, 2015

(Winston-Salem Journal)

Some members of the Winston-Salem City Council were unimpressed with an Herbalife report showing 30 of its 75 local managers are members of a racial minority because only five are black. The Los Angeles-based company is seeking incentives to bring another 300 jobs to Winston-Salem.

Wells Fargo cuts ownership stake in Krispy Kreme

May 12, 2015

(Winston-Salem Journal)

Wells Fargo has cut its stake in Winston-Salem-based Krispy Kreme Doughnuts and is now the company's No. 4 institutional investor, down from No. 2. The San Francisco-based bank said in a regulatory filing Monday it cut its shares from 5.19 million to 2.62 million, or 4.04%.

Lowe's buying 13 former Target stores in Canada

May 12, 2015

(The Charlotte Observer)

Home-improvement retailer Lowe's will acquire 13 former Target stores and a distribution center in Canada for about $124 million. Target announced in January it was exiting the country after a failed expansion. Mooresville-based Lowe's has 38 stores and about 6,000 employees in Canada.

Four Southeast states discuss high-speed rail project

May 11, 2015

(The Times-News, Hendersonville)

U.S. Transportation Secretary Anthony Foxx says Georgia and South Carolina are considering joining a compact between North Carolina and Virginia to study and advocate for a multistate, high-speed rail project in the Southeast.