Business

Greensboro Partnership CEO to retire

August 7, 2014

(News & Record, Greensboro)

Pat Danahy will retire as president and CEO of the Greensboro Partnership at the end of 2014. Danahy, former president and CEO of Cone Mills Corp., has led the economic-development group since 2006.

Greensboro Kmart store to close

August 7, 2014

(Winston-Salem Journal)

Sears Holdings Corp. will close a Kmart store in Greensboro by Nov. 2, displacing 96 workers, according to a notice filed with the N.C. Commerce Department this week.

Reynolds subsidiary provided Ebola treatment made from tobacco

August 6, 2014

(Winston-Salem Journal)

An experimental drug used to treat two Americans infected with the Ebola virus in Liberia was provided by Kentucky BioProcessing LLC, a subsidiary of Winston-Salem-based Reynolds American. The treatment is made from tobacco plants. 

Dollar General considers bid for Family Dollar

August 6, 2014

(The Charlotte Observer)

Dollar General may launch a counterbid to Dollar Tree's $8.5 billion offer to buy Matthews-based Family Dollar Stores, though both the Goodlettsville, Tenn.-based retailer and Family Dollar declined comment.

Wicked Weed expanding in Buncombe County

August 6, 2014

(Hendersonville Times-News)

Asheville-based Wicked Weed Brewing will build a new production plant in Buncombe County that will allow it to brew 50,000 barrels of beer a year. The company will invest $5 million in the 40,000-square-foot plant, which is expected to open by fall 2015.

Charlotte's Premier to acquire software company for $117M

August 6, 2014

(The Charlotte Observer)

Premier Inc. will buy software provider TheraDoc for $117 million, the Charlotte-based health-care services company said Tuesday. TheraDoc is a subsidiary of Lake Forest, Ill.-based Hospira Inc.

ChannelAdvisor shares fall 30%

August 6, 2014

(The News & Observer, Raleigh)

Shares of Morrisville-based ChannelAdvisor fell 30% on Tuesday after the company released second-quarter results showing it added new customers at a slower pace than anticipated. The software company added 108 customers in the second quarter, compared with 136 in the first quarter.

About 250 attend anti-fracking meeting in Yadkinville

August 6, 2014

(Winston-Salem Journal)

About 250 people, many residents of Davie and Yadkin counties, met Tuesday night to learn about fracking. The event was organized by a grassroots group opposed to fracking in the area. A small shale basin has been identified in Davie County, but the potential for shale gas there is still unknown.

Regulators say BofA must improve 'living will'

August 6, 2014

(The Charlotte Observer)

Federal regulators say Charlotte-based Bank of America and 10 other banks must make improvements to "living wills" that outline how they would be dismantled in a time of financial distress. The government required banks to submit the plans to prevent another federal bailout. 

Wilmington shopping center sold for $13.9M

August 6, 2014

(StarNews, Wilmington)

Lumina Commons shopping center in Wilmington has been sold to Phillips-Edison ARC Shopping Center REIT Inc. for nearly $13.9 million. The center is anchored by a Harris Teeter grocery store.