Business

Decker to face tough vote on Family Dollar buyout offer

September 4, 2014

(The Charlotte Observer)

As the state's top jobs recruiter, N.C. Commerce Secretary Sharon Decker, a member of Family Dollar's board of directors since 1999, will face a tough decision when deciding whether to support Dollar General's $9.1 billion offer to acquire the Matthews-based retailer. The deal could put about 1,400 jobs at the company's headquarters at risk. 

Wilson unsure of pipeline benefits

September 4, 2014

(The Wilson Times)

Wilson city officials worry that the city will reap little or no benefits from a new, 550-mile natural gas pipeline that will run through Wilson County. Chief Operations Officer Dathan Shows says the city has been unsuccessful in efforts to talk with utility companies about purchasing gas from the pipeline.

Randolph megasite group could form independent authority

September 4, 2014

(News & Record, Greensboro)

A group of businesspeople that has been accumulating land for a megasite in Randolph County could form an authority to try to recruit a large auto manufacturer. The group is comprised of members of the Piedmont Triad Partnership, though the nonprofit economic-development group doesn't have authority to grant land to a prospective company.

Report: Icahn sells all of his Family Dollar shares

September 4, 2014

(The Charlotte Observer)

Carl Icahn has sold all of his shares in Matthews-based Family Dollar Stores, according to a Reuters report. The report says Icahn, who encouraged Family Dollar to pursue a sale to Goodlettsville, Tenn.-based Dollar General, made a profit of about $200 million.

More lawsuits filed against Duke Energy over coal-ash practices

September 4, 2014

(The Charlotte Observer)

A group of environmental advocates including New York-based Waterkeeper Alliance filed more lawsuits against Charlotte-based Duke Energy on Wednesday. The lawsuits cite problems with coal-ash storage and groundwater contamination at the utility's power plants in Rowan, Chatham and Wayne counties.

Hanesbrands completes purchase of European apparel company

September 4, 2014

(Winston-Salem Journal)

Hanesbrands Inc. completed a previously announced $528 million acquisition of Paris-based underwear and intimate-apparel manufacturer DBApparel on Friday. It's the second huge deal in less than a year for the Winston-Salem company, which paid $585 million for Iselin, N.J.-based Maidenform Brands Inc. in October.

Wilmington engineering firm expands to Charlotte, Atlanta

September 4, 2014

(Greater Wilmington Business Journal)

Criser Troutman Tanner Consulting Engineers, founded in Wilmington in 1950, has opened an office in Charlotte and one in Atlanta. A company spokeswoman said the engineering firm has existing clients and prospects in both cities.

McCrory says pipeline will generate economic growth in Eastern NC

September 3, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory told business leaders in Robeson and Wilson counties the $4.5 billion Atlantic Coast Pipeline will create more than 700 jobs in Eastern N.C. during the construction phase and about 50 permanent jobs once the project is completed. The pipeline is a joint venture between Dominion Resources, Duke Energy, Piedmont Natural Gas and AGL Resources.

Consultant says NC must pass incentives soon to attract auto-maker

September 3, 2014

(News & Record, Greensboro)

A site-selection consultant says North Carolina must expand its incentive program if it wants to recruit a major auto manufacturer to the state. Gov. Pat McCrory said Tuesday he is considering reconvening the General Assembly to discuss economic-development issues.

Report shows $28.9 million loss for Wake Forest Baptist

September 3, 2014

(Winston-Salem Journal)

An unaudited report shows Wake Forest Baptist Medical Center posted an operating loss of $78.4 million and overall loss of $28.9 million for its fiscal year ended June 30. Operating revenues were up 8.9% for the year, while expenses jumped 68.5%.