Business

Shelby's Rogers Automotive to be sold to Charlotte group

March 6, 2014

(The Shelby Star)

Rogers Automotive Group, a Cleveland County auto dealership open for more than 50 years, will be sold to Charlotte-based Donald Automotive Group.

HomeTrust Bancshares to acquire Charlotte-based Bank of Commerce

March 5, 2014

(The Charlotte Observer)

Asheville-based HomeTrust Bancshares Inc. will acquire Bank of Commerce in a $10 million deal which, along with a pending acquisition of Tennessee-based Jefferson Bancshares Inc., will increase HomeTrust's assets to $2.2 billion.

Elkin hospital announces partnership with Novant Health

March 5, 2014

(The Elkin Tribune)

Hugh Chatham Memorial Hospital announced a partnership with Winston-Salem-based Novant Health. The shared services agreement will give the Elkin hospital better supply-chain and corporate resources. No layoffs are expected as a result of the agreement.

Durham's Freelon Group acquired by global architecture firm

March 5, 2014

(The Herald-Sun, Durham)

The Freelon Group, a Durham-based architecture firm, will be acquired by Perkins+Will, a global architecture and design group that employs about 1,500 people. The Durham firm, which employs 45, will be combined with Perkins+Will's Morrisville office with a staff of 18 people. Financial terms were not disclosed.

Duke Energy-Progress merger upheld

March 5, 2014

(The Charlotte Observer)

The N.C. Court of Appeals ruled against two groups challenging the 2012 merger between Duke Energy and Progress Energy which created the nation's largest utility. Advocacy group NC WARN said it would likely appeal the ruling before the N.C. Supreme Court.

Reynolds-Lorillard deal could lead to job cuts in the Triad

March 5, 2014

(The Winston-Salem Journal)

An industry analyst says a merger between Winston-Salem-based Reynolds American and Greensboro-based Lorillard could lead to hundreds of job losses in the Triad. 

Trader Joe's representative says company won't open Greensboro store

March 5, 2014

(The News & Record, Greensboro)

After protests and public debate over plans for Trader Joe's to open its first grocery store in Greensboro, a company spokeswoman says the Monrovia, Calif.-based company is no longer interested in the proposed site or any other locations in Greensboro. 

Allegiant to begin nonstop service from Asheville to Palm Beach, Fla.

March 5, 2014

(Asheville Citizen-Times)

Allegiant Air will begin nonstop flights from Asheville to Palm Beach, Fla. beginning in May. Las Vegas-based Allegiant has added nonstop flights to Florida destinations including Orlando, Tampa, Fort Lauderdale and Fort Myers over the past several years.

Charlotte-based union of US Airways pilots files lawsuit over seniority

March 5, 2014

(The Charlotte Observer)

A union representing US Airways pilots has filed a lawsuit over who should have seniority after the airline's merger with American Airlines. Seniority is a factor in deciding which routes and planes pilots fly, which determines how much money they make. 

Buncombe commissioners approve funding for Moogfest

March 5, 2014

(Asheville Citizen-Times)

The Buncombe County Board of Commissioners approved a request to give $90,000 to Moogfest, the annual electronic music festival to be held in April that will expand this year to include a technology expo. Festival organizers expect a $30 million economic impact from the five-day event.