Heritage Home Group shifting production jobs to Lenoir

October 31, 2014

(Winston-Salem Journal)

Heritage Home Group will move operations from a leased production plant in Hickory to a company-owned plant in Lenoir. All 255 employees at the Hickory plant will be offered jobs at the Lenoir plant. 

Alevo predicts up to 6,000 jobs in five years

October 30, 2014

(The Independent Tribune, Concord)

Battery-maker Alevo says it could add as many as 6,000 jobs over the next five years at its manufacturing plant in Concord. The Swiss company expects to begin shipping utility-scale batteries it will manufacture at the site of the former Philip Morris plant in July 2015. 

Cape Fear Valley Health approves management takeover of Harnett Health

October 30, 2014

(The Fayetteville Observer)

The Cape Fear Valley Health board of trustees approved a 10-year management agreement of Harnett Health System. Harnett Health board members will vote today on whether to approve the management takeover. The Dunn-based health system has been managed by Raleigh-based WakeMed Health and Hospitals since 2005.

Charlotte's SPX to split into two companies

October 30, 2014

(The Charlotte Observer)

Charlotte-based SPX will spin off its flow products division – which includes pumps, valves and filtration systems – into a separate company. Both companies will be led by current SPX chairman and chief executive Chris Kearney and will maintain their headquarters in Ballantyne.

Judges sentences Triangle brokers, developers in $44M fraud scheme

October 30, 2014

(The News & Observer, Raleigh)

A federal judge sentenced seven Triangle real-estate professionals and one from New Jersey for their involvement in a $44 million mortgage fraud scheme that ran from 2003 to 2009. The group, which includes developers, brokers and a lawyer, purchased and developed properties for quick resale and recruited "straw buyers" to obtain mortgage loans they could not afford to repay.

Charlotte's Crescent sells apartment complexes in $700M deal

October 30, 2014

(The Charlotte Observer)

Charlotte-based Crescent Communities will sell nine apartment complexes comprising 2,667 residential units for close to $700 million. Charlotte's Crescent SouthPark will be sold to UBS Global Asset Management and Crescent Dilworth will be sold to an unnamed institutional buyer. Other complexes included in the sale are in Durham, Raleigh, Atlanta, Tampa, Fla., and Orlando, Fla.

Wilmington startup honored at WSJ event

October 30, 2014

(Greater Wilmington Business Journal)

Wilmington-based Next Glass was chosen as one of five startups to present at a Wall Street Journal technology conference in California this week. The company is launching an app to help users create personalized wine and beer preference profiles.

Brunswick County hopes new industry will fill void left by DAK closure

October 30, 2014

(StarNews, Wilmington)

As the former DAK Americas manufacturing plant is dismantled, Brunswick County officials say they need to keep working to attract new industry to the area. The Charlotte-based company closed the plant last fall, idling 600 workers. 

Charlotte area unemployment rate falls to 6.2%

October 30, 2014

(The Charlotte Observer)

The Charlotte-Gastonia-Rock Hill area's unemployment rate fell in September to its lowest level since May 2008, according to the latest government statistics.

Foxx tours Kinston's Global TransPark

October 30, 2014

(Kinston Free Press)

U.S. Transportation Secretary Anthony Foxx toured the N.C. Global TransPark in Kinston on Tuesday, visiting with local students and park tenant Spirit Aerosystems.