Business

Report: Salix hires investment firm to explore potential sale

January 21, 2015

(The News & Observer, Raleigh)

Salix Pharmaceuticals has hired Centerview Partners to explore options for the Raleigh-based drugmaker, including a possible sale, according to a Reuters report. Salix CEO Carolyn Logan announced her retirement earlier this month, leading to speculation that the company was looking to be acquired.

Federal approval of tobacco merger advancing

January 21, 2015

(Winston-Salem Journal)

Reynolds American and Lorillard said in a joint regulatory filing they are cooperating with the Federal Trade Commission and approval of their $27 billion deal is advancing. Wells Fargo Securities analyst Bonnie Herzog said she believes the FTC could approve Winston-Salem-based Reynolds' acquisition of Greensboro-based Lorillard as soon as March or April.

Raleigh delays decision on Airbnb

January 21, 2015

(The News & Observer, Raleigh)

Raleigh City Council will let a committee study whether to legalize Airbnb and other short-term home-rental companies. The committee will be led by Councilwoman Mary Ann Baldwin, who has supported local users of Airbnb, which allows homeowners to rent their houses to travelers for nightly stays.

Duke Energy's sale of Midwestern power plants delayed

January 21, 2015

(The Charlotte Observer)

Duke Energy's $2.8 billion sale of 10 Midwestern power plants to Houston-based Dynegy has been delayed after a federal agency asked for a more detailed economic analysis of the deal. The sale was expected to close by February, but the companies no longer expect to complete the deal before the end of the first quarter, Duke said in a securities filing. 

ECU chancellor says medical school at risk

January 21, 2015

(The Daily Reflector, Greenville)

ECU Chancellor Steve Ballard said the Brody School of Medicine's ability to train doctors is threatened by the state legislature's rejection of Medicaid expansion, which restricts federal funding.

PART moving a step closer to new Triad bus terminal

January 21, 2015

(High Point Enterprise)

The Piedmont Authority for Regional Transportation could open a new bus terminal and maintenance center in fall 2016. The group is about to complete a purchase of the last parcel of land on the 7-acre site in west Greensboro.

Grant Thornton name's Charlotte's Moore CFO

January 21, 2015

(The Charlotte Observer)

Grant Thornton named Billy Moore chief financial officer, effective Aug. 1. Moore, 62, is the professional standards partner for the Chicago-based accounting firm's Carolinas practice. Like Grant Thornton CEO Mike McGuire, Moore is based in Charlotte.

Charlotte City Council paves way for Cotswold Publix

January 21, 2015

(The Charlotte Observer)

Charlotte City Council approved a rezoning request to allow for the construction of a Publix grocery store in the Cotswold neighborhood. The developer will tear down an existing building on Randolph Road and build the new store directly across the street from an existing Harris Teeter. The council also approved a 194-unit apartment complex with 15,000 square feet of retail in Charlotte's Ballantyne area.

Citizens group seeks to halt I-77 toll lanes

January 20, 2015

(The Charlotte Observer)

A group called Widen I-77 plans to file a legal complaint Tuesday attempting to stop construction of toll lanes on Interstate-77 north of Charlotte. The N.C. DOT chose Spanish infrastructure company Cintra to build toll lanes from Charlotte's Brookshire Freeway to Exit 36 in Mooresville. Cintra will pay most of the costs of the $655 million project and will collect most of the toll revenue over 50 years.

Fayetteville commissioners may revive chicken plant proposal

January 20, 2015

(The Fayetteville Observer)

Cumberland County commissioners may vote for a third time Tuesday on holding a public hearing for incentives for a proposed Sanderson Farms chicken plant that would create 1,000 jobs. Commissioner Charles Evans, the swing vote in the commission's 4-3 vote that defeated the proposal, says he has changed his mind.