Business

Sheetz to open $32 million Burlington distribution center

September 26, 2014

(Winston-Salem Journal)

Sheetz is preparing to open a $32.8 million, 250,000-square-foot manufacturing and distribution center in Burlington to serve about 150 of its convenience stores in North Carolina, Virginia and West Virginia. A ribbon-cutting is scheduled for Nov. 12. 

Cider makers seek to change industry regulation

September 26, 2014

(Asheville Citizen-Times)

North Carolina cider companies hope to ensure growth through proposed legislation that would increase the allowed alcohol volume to 8.5%. Currently, cider with an alcohol volume higher than 7% is taxed like wine, which is higher than the excise tax placed on beer. North Carolina now has 10 cider producers, supported by the craft beverage's soaring popularity.

PPD to acquire remaining interest in Mass. biotech company

September 26, 2014

(StarNews, Wilmington)

PPD will acquire remaining ownership interest in Waltham, Mass.-based X-Chem for an undisclosed amount. The Wilmington-based contract-research organization paid $15.5 million for 60% interest in the biotech company in 2010. PPD employs more than 13,000 worldwide, including about 3,000 in North Carolina.

Curtiss-Wright announces stock buy-back

September 26, 2014

(The Charlotte Observer)

Curtiss-Wright Corp. announced it will buy back $300 million of its stock beginning in January. The manufacturer of aerospace and industrial equipment moved its headquarters from New Jersey to Charlotte in January.

UNC board to announce WSSU chancellor on Friday

September 26, 2014

(Winston-Salem Journal)

Following a four-month search, the UNC Board of Governors is expected to name a new chancellor at Winston-Salem State University on Friday.

Siemens to provide CPCC with $32 million in software

September 25, 2014

(The Charlotte Observer)

Siemens will donate software valued at $32 million to Central Piedmont Community College in Charlotte to train students enrolled in advanced-manufacturing courses. The company's product lifecycle management software is used by thousands of companies worldwide, including more than 120 in North Carolina. The German engineering company employs about 1,600 in Charlotte.

RF Micro headquarters to stay in Greensboro after merger

September 25, 2014

(News & Record, Greensboro)

RF Micro Devices confirmed it will maintain its Greensboro headquarters after the chip-maker's upcoming merger with Hillsboro, Ore.-baesd TriQuint Semiconductor. The new holding company for the two companies will be called Qorvo and will be valued at about $2 billion. 

Charlotte delays plans for amateur sports complex

September 25, 2014

(The Charlotte Observer)

Florida-based GoodSports Enterprises Global has been unable to secure financing for a proposed amateur-sports complex near Bojangles' Coliseum in east Charlotte. The latest project plan called for the city to contribute $25 million towards the project, which would include a 150-room hotel and field house.

Apartment growth surges in South Asheville

September 25, 2014

(Asheville Citizen-Times)

There are 1,400 apartment units under construction in South Asheville, where the occupancy rate is 96%. It's the biggest apartment boom Buncombe County has seen in 25 years, according to one developer, who worries the area will become overbuilt. 
Read more about the apartment boom in North Carolina's center cities (Statewide, June)

Postal service moving 400 jobs from Fayetteville to Charlotte

September 25, 2014

(The Fayetteville Observer)

More than 400 postal workers in Fayetteville will lose their jobs or be forced to relocate when the Postal Service moves operations at two local mail-processing centers to Charlotte.