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

September 8, 2014


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.

Morrisville tech firm secures $10 million in financing

September 8, 2014

(The News & Observer, Raleigh)

Netsertive, a Morrisville-based digital marketing company, has secured more than $10 million in new financing, including more than $7 million from Durham-based Square 1 Bank. The company, whose clients include Electrolux, Chrysler and Samsung, plans to use the money to invest in technology and personnel.

New Hanover Regional to acquire SEAHEC

September 8, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center will acquire SEAHEC, a continuing education center for Southeastern N.C. health-care professionals. NHRMC will gain 25 physicians and more than 100 additional employees when the deal is completed.

Shareholders approve RF Micro-TriQuint merger

September 8, 2014

(News & Record, Greensboro)

Shareholders approved Greensboro-based RF Micro's planned $1.5 billion acquisition of Hillsboro, Ore.-based TriQuint Semiconductor. The deal is expected to close by year-end.

Electrolux said to be near $2.5 billion deal to buy GE's appliance business

September 5, 2014

(The Charlotte Observer)

Electrolux is close to a deal to buy General Electric's appliance business for $2.5 billion, Reuters reports. The Swedish appliance maker has its North American headquarters in Charlotte, where it is undergoing an expansion that will double the size of local operations.