Business

Craven County partnership introduces new logo

January 14, 2015

(New Bern Sun Journal)

The Craven 100 Alliance, a public-private economic-development partnership established in 2014, introduced a new logo and said it has begun forming membership and fundraising committees. The group hopes to raise $1.5 million in private funding to help recruit new business to the area.

Tri-county marketing initiative announced in Southeastern NC

January 14, 2015

(Greater Wilmington Business Journal)

The Southeastern Partnership announced the Wilmington Regional Marketing Initiative, a new campaign in which local leaders from Brunswick, New Hanover and Pender counties will combine marketing efforts to bring jobs to the region.

Davies tapped to lead Citigroup mortgage business

January 14, 2015

(The Charlotte Observer)

Former Wachovia and LendingTree exec C.D. Davies was named head of New York-based Citigroup's global mortgage business.

Lenovo considers spinoff of mobile-device unit amid increased competition in China

January 14, 2015

(WRAL TechWire)

Lenovo CEO Yang Yuanqing said he is considering spinning off a new unit focused on selling mobile devices in China. Announced in October, the unit is supposed to go live in April. 

Fresh Market CEO resigns

January 13, 2015

(News & Record, Greensboro)

Craig Carlock has resigned as president and CEO of The Fresh Market, the company announced Monday. The board of the Greensboro-based grocer named Sean Crane, executive vice president and chief operating officer, interim CEO and has retained a national search firm to find a permanent replacement. 
Related: "Behind the Checkout Counter," May 2013

Fayetteville job-recruitment agency to review strategies

January 13, 2015

(The Fayetteville Observer)

Fayetteville's Economic Development Alliance will conduct an internal review and form a task force to re-examine its target industries following the failed Sanderson Farms proposal. Cumberland County commissioners voted last week against considering a proposal from the Missississippi-based poultry processor that would have created 1,000 jobs.

Dollar Tree CEO has harsh words for Family Dollar's Levine

January 13, 2015

(The Charlotte Observer)

The chief executive of Chesapeake, Va.-based Dollar Tree told Family Dollar Stores CEO Howard Levine he will not accept another delayed shareholder vote on his company's proposed acquisition of the Matthews-based retailer. "After two delays, we have been more than reasonable, but have reached the end of our patience," Bob Sasser wrote in a letter to Levine released Monday.

Durham-based Cree files patent-infringement suits

January 13, 2015

(The News & Observer, Raleigh)

Durham-based Cree filed complaints against California-based Feit Electric and its Taiwanese supplier, Unity Opto Technology, alleging Feit's LED lightbulbs infringe on 10 Cree patents. Cree, which sells its LED bulbs exclusively at Home Depot stores, also accused Feit of false advertising, claiming some of Feit's bulbs fail to meet federal Energy Star standards.

Charlotte approves deal for writing off NASCAR museum loans

January 13, 2015

(The Charlotte Observer)

The Charlotte City Council approved an agreement in which Bank of America and Wells Fargo will write off $17.6 million in debt and accrued interest from the NASCAR Hall of Fame. The city will pay the banks $5 million toward the debt, which totals more than $22 million. NASCAR also agreed to waive $3.2 million in royalties it's owed but hasn't been paid since the hall has lost money each year since it opened in 2010.

PNC Bank adding no-surcharge ATMs in Charlotte

January 13, 2015

(Winston-Salem Journal)

PNC Financial Services Group, parent of PNC Bank, will add nearly 400 no-surcharge ATMs in CVS, Walgreens and Kangaroo Express stores in the Carolinas, Alabama and Georgia. In North Carolina, most of the new ATMs will be located in CVS drugstores and Kangaroo Express stores in the Charlotte market.