Business

California furniture company to open Greensboro plant

February 24, 2016

(Winston-Salem Journal)

CH Living will open a 180,000-square-foot plant in Greensboro that will be used for manufacturing and distribution of upholstered furniture. The Oxnard, Calif.-based company plans to hire 50 workers by late March; employment could reach 200 when the plant reaches full production.

Brunswick courts tire manufacturer, 1,000 jobs

February 24, 2016

(Greater Wilmington Business Journal)

Economic developers in Brunswick County are looking to attract an international tire manufacturer who would bring 1,000 jobs. The deal is far from done: The unidentified company is considering sites in 10 states to build a $458 million facility that would support its North American customers.

Charlotte restaurant group faces delisting

February 24, 2016

(The Charlotte Observer)

Chanticleer Holdings could have its stock delisted from the Nasdaq Capital Market after shares closed below $1 for 30 consecutive days. The Charlotte-based company is a franchisee of Hooters restaurants, owns American Roadside Burgers and holds a majority stake in the Just Fresh restaurant chain.

Record auto sales boost Sonic's Q4 earnings

February 24, 2016

(The Charlotte Observer)

Charlotte-based Sonic Automotive reported fourth-quarter earnings of $31.1 million, or 62 cents per share, up from $26.1 million a year ago and beating analysts' expectations of 59 cents a share. Sales of new and used cars reached record levels in the fourth quarter.

Proposed Wilmington apartments feature shipping containers

February 24, 2016

(StarNews, Wilmington)

Tired of the seeing the same old apartment buildings going up in Wilmington, a developer is hoping to build a 70-unit complex using shipping containers. Modern Urban Development has proposed five apartment buildings on Queen Street described as "edgy and high-end."

Shareholders OK NewBridge-Yadkin merger

February 24, 2016

(News & Record, Greensboro)

Shareholders of both companies approved Yadkin Financial's $456 million bid for Greensboro-based NewBridge Bancorp. The deal is expected to close March 1, creating a company with $7.2 billion in assets and 110 branches.

Duke Energy sued over nuclear charges in Florida

February 24, 2016

(The Charlotte Observer)

A class-action lawsuit accuses Duke Energy and Florida Power & Light of charging customers $2 billion to increase capacity at a nuclear plant it retired in 2013 and to build another nuclear power plant. Plans for the second plant were canceled.

Linamar adding 350 jobs in Henderson County

February 23, 2016

(Asheville Citizen-Times)

A joint venture that includes Ontario-based auto-parts manufacturer Linamar will open a new plant in Mills River in mid-2017, hiring 350 people to make aluminum components for cars. The company will invest $217 million in the plant and could receive up to $4.7 million in state incentives.

Chimerix shares hit all-time low

February 23, 2016

(The News & Observer, Raleigh)

Shares of Durham-based Chimerix fell 40% to $4.55 Monday after the drug developer reported disappointing results of brincidofovir, its experimental antiviral treatment.

Spec buildings show developers' confidence in Charlotte office market

February 23, 2016

(The Charlotte Observer)

As Bissell tops out its 10-story Brigham building in Charlotte's Ballantyne Corporate Park this week, at least three other large office buildings also are under construction without a signed anchor tenant. Developers are confident the space will be filled, as vacancy rates fall and rents increase.