Business

New Breed bought by Connecticut company

July 31, 2014

(Winston-Salem Journal)

New Breed Holding Co., a logistics company and one of High Point's largest employers, will be acquired by Connecticut-based XPO Logistics for $615 million.

Indian drugmaker to open Monroe plant

July 31, 2014

(Charlotte Observer)

Glenmark Pharmaceuticals will invest $17 million and hire 41 over three years at its first North American manufacturing plant, which will make generic drugs.

Triangle unemployment hits six-year low

July 31, 2014

(News and Observer, Raleigh)

The jobless rate in Raleigh-Durham fell to 5% in June, its lowest level in six years and down from 7.2% the year before.

Family Dollar CEO expects jobs to stay in Charlotte

July 31, 2014

(Charlotte Observer)

After Family Dollar Stores is acquired by Dollar Tree, Family Dollar CEO Howard Levine maintains the combined company will keep a large presence in Matthews.

Hanesbrands' Fayetteville distribution center will close by March 31

July 31, 2014

(Winston-Salem Journal)

Hanesbrands has set a March 31 deadline for the closing of the Fayetteville distribution center it acquired after buying Maidenform Brands last year.

The Pantry soars on earnings report

July 31, 2014

(News and Observer, Raleigh)

Shares of the Cary-based convenience-store chain skyrocketed 15% Wednesday after it reported third-quarter earnings above analysts' expectations.

Icahn dumps part of Family Dollar stake

July 30, 2014

(Charlotte Observer)
Activist investor Carl Icahn sold more than one-third of his stock in discount retailer Family Dollar, according to securities filings.


Read more here: http://www.charlotteobserver.com/2014/07/29/5074565/icahn-unloads-more-than-13-of.html#storylink=cpy

 

Charlotte home prices gain almost 5% in a year

July 30, 2014

(Charlotte Observer)

Charlotte-area home prices rose 4.7 percent in May from a year ago , while price gains rose at a slower pace nationwide, Standard & Poor’s/Case-Shiller report showed Tuesday.


Read more here: http://www.charlotteobserver.com/2014/07/29/5073396/charlotte-area-home-prices-up.html#.U9hWY8e7lhA#storylink=cpy

 

Reynolds American earns $492 million in quarter

July 30, 2014

(Winston-Salem Journal)
Reynolds American Inc. reported second quarter net income increased 6.7 percent to $492 million, as higher pricing and market-share gains for Camel and Pall Mall offset lower sales and costs from launching distribution of the electronic cigarette Vuse.

Martin-Marietta beats earnings estimates

July 30, 2014

(News and Observer, Raleigh)

Martin-Marietta Materials earned $1.34 per share in the second-quarter, beating analyst estimates of $1.29.