Business

Construction begins on SouthPark office buildings

May 30, 2014

(The Charlotte Observer)

Charlotte real-estate firm Lincoln Harris has begun construction on two 10-story office towers in Charlotte's SouthPark neighborhood. The first 240,000-square-foot tower will be completed in late 2015. An anchor tenant has not been named.

N.C. A&T foundation worker charged with embezzlement

May 30, 2014

(News & Record, Greensboro)

An employee at N.C. A&T University Foundation has been charged with embezzling about $400,000 over three years. Former Director of Accounting Shirlye Grandy was charged with embezzlement, obtaining property by false pretenses, corporate malfeasance and computer fraud.

 

First Tennessee Bank buying 13 BofA branches

May 30, 2014

(Winston-Salem Journal)

Memphis-based First Tennessee Bank says it will acquire 13 branches from Charlotte-based Bank of America for an undisclosed amount. All of the branches are in east and middle Tennessee.

Durham startup markets fraud-detection app

May 30, 2014

(WRAL.com)

Durham-based CertiRx Corp. has developed a mobile phone app that detects fraud on drug packaging and academic documents.

NC House approves fracking bill

May 29, 2014

(The News & Observer, Raleigh)

The state House voted 63-52 Wednesday in favor of a bill that will allow the state to issue permits for fracking 61 days after new rules are approved. A final vote, likely to be held Thursday, is needed to approve the bill.

Dominion proposes pipeline to service Virginia, NC

May 29, 2014

(The News & Observer, Raleigh)

Richmond, Va.-based Dominion Resources wants to build a 450-mile pipeline to bring natural gas from the Appalachian Basin in West Virginia to parts of North Carolina and Virginia. The proposed pipeline, which would run through both states to Lumberton, would be operational by the end of 2018. 

Asheville solar company wants to build 12 mega-farms

May 29, 2014

(The Charlotte Observer)

Innovative Solar Farms wants to build 12 huge solar farms, mostly in Eastern N.C. The farms would range from 25 to 80 megawatts in size and would require hundreds of acres of leased land.

Hoke, Scotland counties prepare to shut down video sweepstakes businesses

May 29, 2014

(The Fayetteville Observer)

Hoke and Scotland counties will begin enforcing state gambling laws and will seize video sweepstakes machines beginning July 1. Records show there are 451 machines in at least 23 businesses in Scotland County. 

Durham's BioCryst to sell $100 million in stock

May 29, 2014

(The News & Observer, Raleigh)

BioCryst Pharmaceuticals is planning a $100 million public stock offering and plans to use the proceeds for general purposes and to fund its treatment for angioedema, a rare genetic disease that causes swelling of various body parts and airways. The Durham-based drug developer's stock rose 11% Tuesday after it reported positive results for the Phase 2 trial of the drug.

Former Wachovia CEO to lead NY investment group

May 29, 2014

(The Charlotte Observer)

Bob Steel will become chief executive officer of New York-based investment bank Perella Weinberg Partners beginning July 7. Steel became CEO of Wachovia in July 2008 and most recently has been deputy mayor for economic development of New York City.