Business

BofA ups its settlement offer

August 1, 2014

(The New York Times)

Charlotte-based Bank of America raised its settlement offer — to $14 billion — in negotiations with federal prosecutors to resolve investigations into the bank's selling of troubled mortgage securities before the financial crisis.

Quintiles down despite exceeding expectations

August 1, 2014

(News and Observer, Raleigh)

Quintiles shares closed at $54.93, down $1.89, despite the Durham pharmaceutical services company beating analysts' earnings expectations in the second quarter.

RF Micro and TriQuint schedule shareholder meetings for proposed merger

August 1, 2014

(News and Record, Greensboro)

RF Micro Devices and TriQuint Semiconductor will hold special shareholder meetings Sept. 5 to seek approval to merge the companies.

New angel investors hope to make Asheville startups fly

August 1, 2014

(The Citizen-Times, Asheville)

The Economic Development Coalition of Asheville and Buncombe County announced plans for a startup investing group, the Asheville Angels, and the revamping of the chamber's local entrepreneurship initiative.

'Hustle' hands BofA $1.3 billion in civil penalities

July 31, 2014

(Charlotte Observer)

A federal judge ordered Charlotte-based Bank of America to pay $1.3 billion after a jury said its Countrywide unit knowingly sold bad home loans to Fannie and Freddie.

Icahn dumps more Family Dollar stock

July 31, 2014

(Charlotte Observer)

Carl Icahn owns just 3.6% of Family Dollar's stock, down from more than 9% on Monday, when the company announced it will be acquired by Dollar General.

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.