Business

Investor sues Family Dollar over sale to Dollar Tree

August 4, 2014

(The Charlotte Observer)

A Family Dollar investor filed a lawsuit claiming the company's board of directors failed to shop around for the highest price when it agreed to sell the Matthews-based retailer to Chesapeake, Va.-based Dollar Tree Inc. for $8.5 billion.

$700M urban village coming to uptown Charlotte?

August 4, 2014

(The Charlotte Observer)

A Charlotte developer has been planning an "urban village" in an eight-block area of uptown's First Ward since the 1990s. It may finally get off the ground if Mecklenburg County commissioners approve Levine Properties' latest plan, which includes a 3.2-acre park, apartments, offices and hotels, at its meeting on Tuesday. 

Novant rolls out new health-records system in Forsyth

August 4, 2014

(Winston-Salem Journal)

Novant Health began its largest medical-records transition project to date at its medical centers and offices in Forsyth County on Friday. Winston-Salem-based Novant is spending $600 million on the conversion to electronic medical records at locations in the Carolinas, Virginia and Georgia. 

AdvantageWest CEO to lead federal agency

August 4, 2014

(Asheville Citizen-Times)

Scott Hamilton was named executive director of the Appalachian Regional Commission, a federal agency that provides economic grants in rural counties across 13 states in the Appalachian Mountains. Hamilton has been CEO of AdvantageWest, a nonprofit economic-development organization serving Western N.C., since 2009.

Reynolds American celebrates 10 years at NYSE

August 4, 2014

(Winston-Salem Journal)

Reynolds American Inc. celebrated its 10th anniversary Friday with executives ringing the closing bell at the New York Stock Exchange. R.J. Reynolds Tobacco Holdings Inc. completed a $4.4 billion purchase of Brown & Williamson, a subsidiary of British American Tobacco Ltd., on June 30, 2004.

NC Biotech Center awards $1.5M in grants, loans

August 4, 2014

(The Herald-Sun, Durham)

The N.C. Biotechnology Center gave out more than $1.5 million in loans and grants from April to June, including five research loans to small businesses. Loan recipients also raised $77 million in outside funding. 

Carolina Trace Country Club sold to Texas group

August 4, 2014

(The Fayetteville Observer)

Texas-based Escalante Golf, which owns and operates golf clubs across the United States, purchased Carolina Trace Country Club in Sanford and plans $2 million in renovations. The club had been member-owned since the mid-1980s. 

Concord waterworks company expands with acquisition

August 4, 2014

(The Independent Tribune, Concord)

Concord-based Fortiline Waterworks has acquired Hartford, Ky.-based Construction Site Services. Fortiline provides water, sewer and storm-utility products including pipes and valves through 33 distribution centers in 12 states.

Rapid growth for Wilmington's N2 Publishing

August 4, 2014

(StarNews, Wilmington)

Wilmington-based N2 Publishing has grown from three employees in 2004 to more than 100 today and designs and prints more than 500 publications, mostly newsletters for homeowners' associations across the nation.

Greensboro developers rally for preservation credits

August 1, 2014

(News and Record, Greensboro)

Preservation Greensboro and Self-Help Credit Union pulled together a press conference on Thursday to support the state's tax credits for historic preservation, which are set to expire Dec. 31 if the General Assembly fails to extend them.