Business

Cary shopping center sold for $91 million

February 27, 2014

(The News & Observer, Raleigh)

Kimco Realty Corp. bought Cary's Crossroads Plaza shopping center, home to more than 60 shops and restaurants including Dick's Sporting Goods and Best Buy, for $91 million. 

Duke studies impact of Cherokee casino funds on families

February 27, 2014

(The News & Observer, Raleigh)

In a study of members of the Eastern Band of Cherokee Indians, Duke University researchers concluded that cash supplements from casino profits can improve the lives of children. The study followed 1,400 people in Western N.C., including 350 Cherokees tribe members. 

Virus spreading throughout state hog farms

February 26, 2014

(The News & Observer, Raleigh)

A fast-spreading virus that is almost always fatal to piglets has affected nearly a third of North Carolina's hog farms. The virus, which seems to have originated in China, has been found in about two dozen states. Nationwide, it is expected to claim about 2% of all hogs, but the percentage in North Carolina may be higher because of the large number of piglets produced here.

Wake Forest institute leads $75 million project to help wounded soldiers

February 26, 2014

(The Winston-Salem Journal)

The Wake Forest Institute of Regenerative Medicine, leading a consortium of more than 30 research institutions, has begun the second phase of a $75 million Department of Defense project that helps soldiers who suffer from severe burns and loss of limbs.

Publix opens first NC store today in Charlotte

February 26, 2014

(The Charlotte Observer)

Publix Super Markets opens its first store in North Carolina today in Charlotte's Ballantyne area. The Lakeland, Fla.-based grocery store chain plans to open 14 supermarkets in Charlotte over the next two years, as well as stores in Asheville, Cary and Winston-Salem.

Charlotte's Babcock & Wilcox gets federal contract worth up to $1.3 billion

February 26, 2014

(The Charlotte Observer)

Charlotte-based Babcock & Wilcox signed a three-year contract with the federal government worth up to $1.3 billion. B&W will make nuclear components for U.S. Naval defense programs, including power systems for submarines and aircraft carriers.

Allison stepping down from BB&T's board

February 26, 2014

(The Winston-Salem Journal)

John Allison, former chief executive of BB&T, will leave the company's board of directors on April 29. Allison plans to spend more time with his work at the Cato Institute, where he serves as president and chief executive.

Montreat merger with Georgia's Point University is off

February 26, 2014

(Asheville Citizen-Times)

Point University will not merge with Montreat College, citing complications involving legal agreements and concerns about the merger from Montreat students and faculty. The merger between the East Point, Ga. university and Montreat, which has struggled financially, was announced last year.

Charlotte chooses Atlanta valet-services firm for airport

February 26, 2014

(The Charlotte Observer)

Charlotte City Council approved hiring Atlanta firm AmeriPark to handle valet parking services at Charlotte Douglas International Airport. AmeriPark will begin a three-year contract at the airport this summer.

Wallburg vineyard named Wine Grower of Excellence

February 26, 2014

(The Lexington Dispatch)

Chart's Hill Vineyard in Davidson County received the Wine Grower of Excellence Award from the North Carolina Winegrowers Association. The group gives the award to a member who has been in business for over five years, produces high-quality grapes and works to promote the wine industry in North Carolina. Chart's Hill doesn't have a winery; it sells its grapes to others for use in making wine.