Business

Duke -UNC football makes national debut

November 20, 2014

(The News & Observer, Raleigh)

For the first time, UNC Chapel Hill and Duke football teams will play each other in a prime time, nationally televised game on ESPN Thursday night. The Blue Devils must beat the Tar Heels and Wake Forest on Nov. 29 to secure the Coastal Division title, and UNC must beat either Duke or N.C. State in next week's matchup to become bowl eligible.

Family Dollar delays shareholder vote on Dollar Tree merger

November 20, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores rescheduled a shareholder vote on its planned acquisition by Chesapeake, Va.-based Dollar Tree to allow the Federal Trade Commission more time to review the deal. The vote on the $8.5 billion deal is now scheduled for Dec. 23. Family Dollar's stock remained above $78 a share Wednesday, higher than Dollar Tree's offer price of $74.50 a share.

PRA raises $333M in initial public offering

November 20, 2014

(The News & Observer, Raleigh)

Raleigh-based PRA Health Sciences netted $333 million in its initial public offering. The contract-research organization sold 17 million shares at $18 each, below the $20 to $23 a share the company had projected, and its underwriters exercised an option to purchase an additional 2.5 million shares.

Moen expanding in New Bern

November 20, 2014

(Sun Journal, New Bern)

Moen will build a 200,000-square-foot component warehouse in Craven County to support its local faucet-assembly plant, where it employs 700 workers. The new warehouse will replace a current one in Kinston, which is managed by a third-party operator. The North Olmsted, Ohio-based company will add at least 75 jobs in New Bern within a year. Some of the jobs will go to employees from the Kinston warehouse that is closing.

Pittsboro to review revised Chatham Park plan

November 20, 2014

(The News & Observer, Raleigh)

Preston Development and a group of investors will present a revised master plan for the 7,000-acre Chatham Park development to the Pittsboro Board of Commissioners on Monday. The new plan includes an additional 48 acres and revises the content of a few sentences in the developer's previous master plan, which the town approved in June.

Latest HPU poll shows NC residents more optimistic about economy

November 20, 2014

(High Point Enterprise)

North Carolina residents are feeling more optimistic about the economy, according to the results of the latest High Point University poll. The poll's Consumer Sentiment Index rose to 80.0, up from 73.5 in February.

Pardee Hospital lets CMO contract expire

November 20, 2014

(Hendersonville Times-News)

Pardee Hospital' board of directors decided not to renew the contract of Chief Medical Officer Robert Kiskaddon, who had served in the position for four years. The 222-bed Hendersonville hospital did not give a reason for the decision or announce whether an interim CMO has been appointed.

Wilmington film studios halt tours to undergo renovations

November 20, 2014

(StarNews, Wilmington)

EUE/Screen Gems Studios in Wilmington has halted its popular weekend tours to complete renovations including improvements to roads, sound stages and landscaping. Tours will resume in March and will include sets from CBS Television's Under the Dome, which will begin filming its third season in early 2015.
Related: ABC's 'Secrets and Lies' wraps production, will premiere March 1

State suspends license of contractor who performed work at Boone hotel

November 20, 2014

(The Charlotte Observer)

A state board has suspended the license of a contractor from Independence Oil and LP/Gas who performed faulty work on a pool heater at a Boone hotel where three guests later died from carbon monoxide poisoning. The board previously suspended the license of a heating contractor from Boone-based DJ's Heating Services for failing to recognize problems with the pool heater at the Boone Best Western following the first two deaths.

More charges filed against Cornelius payroll company

November 20, 2014

(The Charlotte Observer)

Federal prosecutors have filed additional charges against a Cornelius-based payroll company accused of defrauding more than 100 clients. James William Staz of Iron Station and his father, William James Staz of Huntersville, are accused of stealing more than $11 million from at least 113 clients of Employee Services Net. The new charges bring the total number of counts to 16.