Business

Clancy & Theys chosen for DataChambers project

June 5, 2014

(The Independent Tribune, Concord)

Clancy & Theys Construction Co. was selected as general contractor for DataChambers' 50,000-square foot data center at North Carolina Research Campus in Kannapolis. Construction is expected to be completed by late 2014. DataChambers currently operates data centers in Raleigh and Winston-Salem. Clancy & Theys has offices in Charlotte, Raleigh, Wilmington, Virginia and Florida.

Triangle to get AT&T fiber sooner if DirecTV deal is approved

June 4, 2014

(WRAL TechWire.com)

AT&T's proposed acquisition of DirecTV would allow the telecommunications provider to expand its fiber network and increase home Internet speeds. The company has said it will build one of its first new fiber networks in the Triangle. In a regulatory filing, AT&T also said it will save $1.6 billion a year after the merger, mainly due to lower costs for TV programming, which would allow it to expand broadband coverage.

Unifi expanding Yadkinville plant for recycled yarn fabrics

June 4, 2014

(Winston-Salem Journal)

Greensboro-based yarn manufacturer Unifi will invest $5 million and hire 10 people in an expansion of its Repreve recycling center in Yadkinville. Repreve products are manufactured with yarn made from recycled plastic bottles and are used in apparel and car seats. The plant will employ 947 after the expansion.

 

French design group to open Charlotte office

June 4, 2014

(The Charlotte Observer)

Team Créatif will open its U.S. headquarters in Charlotte and plans to hire 40 people over the next three years. Team Créatif is the largest privately owned design firm in France. Its clients include Mars Inc., Dannon and Pedigree.

Krispy Kreme investors react after company lowers guidance

June 4, 2014

(Winston-Salem Journal)

Shares of Winston-Salem-based Krispy Kreme Doughnuts fell 14.8% Tuesday a day after the company lowered its fiscal 2015 earnings forecast. The doughnut-maker reduced its earnings guidance from a range of $51 million to $55 million to a range of $48 million to $51 million.

Lenovo, IBM seeking more time for federal review of proposed deal

June 4, 2014

(WRAL TechWire.com)

IBM and Lenovo are seeking an extension for a U.S. government review of the proposed deal in which Lenovo would acquire IBM's x86 server unit for $2.3 billion, Bloomberg reports. Both companies say the deal is still on track to close by year-end. Beijing-based Lenovo would gain 2,000 of IBM's employees as part of the acquisition and has said it does not plan any layoffs.

Harris Teeter to sell LunaPops frozen treats

June 4, 2014

(Greater Wilmington Business Journal)

Harris Teeter will carry Hillsborough-based LunaPops popsicles in 180 of its grocery stores. LunaPops was started in Wilmington in 2008 and offers flavors including Sea Salt Caramel, Raspberry Chocolate Chip and Rhubarb Lime. Matthews-based Harris Teeter was acquired by Cincinnati-based Kroger Co. in January.

Report: Triad TV viewers exposed to most e-cig advertising

June 4, 2014

(News & Record, Greensboro)

The Triad area has the most electronic-cigarette ad exposure, a children's health journal reports. The article in Pediatrics says current advertising could lead to increased use of e-cigarettes in youth and young adults. North Carolina is one of 39 states that bans sales of e-cigarettes to youth. 

EPA plan would force NC power plants to reduce emission rates 40%

June 3, 2014

(The News & Observer, Raleigh)

North Carolina power plants will need to reduce carbon emission rates 40% by 2030 to comply with a new Environmental Protection Agency proposal to reduce coal pollution. The new rule, announced yesterday, may force energy companies to shut down more coal-fired power plants.

Heritage Home to close Morganton plant, cut 87 jobs

June 3, 2014

(Winston-Salem Journal)

Heritage Home Group will close its Drexel Heritage plant in Morganton and will eliminate 87 jobs by July 31. The St. Louis-based company closed furniture plants in Thomasville and High Point earlier this year. The company, which bought assets of Furniture Brands International in November, plans to move its headquarters to the Triad area later this year.