Business

Chiquita's new owners must repay incentives if jobs move out of NC

October 28, 2014

(The Charlotte Observer)

Two Brazilian companies will purchase Chiquita Brands International for $680 million in cash, and the N.C. Economic Development board said Cutrale and Safra Group would be required to pay back state and local incentive money if they move jobs out of North Carolina. Chiquita was awarded $22 million in 2011 to move its headquarters from Cincinnati to Charlotte.
Related: Brazilian companies to buy Chiquita

Drone maker seeks millions from Winston-Salem

October 28, 2014

(Winston-Salem Journal)

Drone maker Olaeris has asked Winston-Salem to provide more than $5 million over five years to bring its company and about 150 jobs to Smith Reynolds Airport. Olaeris, which plans to market its unmanned aircraft to law enforcement groups and first responders, has asked the state to invest $6 million. Chief executive Ted Lindsley says he is in talks with local governments in two other states.
Related: Will North Carolina be the first in unmanned flight? ("Pie in the sky," September)

Gordon Food Service bringing 275 jobs to Cabarrus County

October 27, 2014

(The News & Observer, Raleigh)

Gordon Food Service will invest $58 million in a new Kannapolis distribution center and plans to create 275 jobs over five years. The Grand Rapids, Mich.-based company distributes food products to restaurants, schools and health-care companies throughout the Eastern U.S. and Canada.

Syngenta faces lawsuits over exporting modified corn

October 28, 2014

(The News & Observer, Raleigh)

Food exporters who claim to have lost millions because they aren't allowed to ship Syngenta's genetically modified, insect-resistant corn to China have filed lawsuits against the agribusiness, which has its global headquarters for biotech research in Research Triangle Park. 

Battery maker plans major jobs announcement

October 28, 2014

(WRAL.com)

Startup battery manufacturer Alevo Group is expected to announce plans today for the former Philip Morris USA cigarette plant in Concord. The company said it plans to hire 500 workers in 2015 and, if sales take off, 2,500 or more within three years. Alevo will make utility-scale batteries for power companies and grid operators.

Reynolds American may sell Doral in tobacco merger

October 28, 2014

(Winston-Salem Journal)

Reynolds American may have to include its Doral cigarette brand as part of its divestiture to Imperial Tobacco Group in order to receive Federal Trade Commission approval for its proposed acquisition of Greensboro-based Lorillard. Winston-Salem-based Reynolds has already agreed to sell Kool, Salem and Winston brands as well as Lorillard's blu eCigs electronic-cigarette brand.

Family Dollar shareholders to vote on Dollar Tree deal Dec. 11

October 28, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores will hold a shareholder vote on its planned $8.5 billion sale to Chesapeake, Va.-based Dollar Tree on Dec. 11. Family Dollar's board rejected a $9.1 billion offer from Tennessee-based rival Dollar General.

Piedmont Natural Gas receives regulatory approval for pipeline

October 28, 2014

(StarNews, Wilmington)

State regulators approved Piedmont Natural Gas's participation in the 550-mile Atlantic Coast Pipeline, which will transport gas from Marcellus shale basins in West Virginia and Pennsylvania through Virginia and Eastern N.C. The approval allows Piedmont, Richmond, Va.-based Dominion Resources, Charlotte-based Duke Energy and Atlanta-based AGL Resources to begin the filing process for federal approval of the pipeline.

Charlotte Hornets second in the NBA in season-ticket sales

October 27, 2014

(The Charlotte Observer)

The newly rebranded Charlotte Hornets trail only one NBA team – the Cleveland Cavaliers – in full-season ticket sales. The Hornets, which begin regular season play on Wednesday, also beat their own record for season ticket sales – counting partial plans and renewals, the team has sold the equivalent of 10,000 season tickets.

Harnett Health CEO resigns amid layoffs

October 27, 2014

(The Fayetteville Observer)

Ken Bryan resigned as CEO of Harnett Health on Friday, and the troubled health system laid off an unspecified number of workers. The system lost more than $24 million in the year ended September 2013, according to tax records. Harnett Health's hospitals in Dunn and Lillington are managed by Raleigh-based WakeMed Health and Hospitals.