Business

Pittenger land firm seeks sale to Charlotte's South Street Partners

November 16, 2015

(The Charlotte Observer)

Pittenger Land Investments is asking investors to approve a sale of the company to Charlotte-based South Street Partners. U.S. Rep. Robert Pittenger transferred the company, which is under investigation by the FBI and the IRS, to his wife, Suzanne, after he was elected to Congress in 2012.

Sampson County plant will convert turkey waste into energy

November 16, 2015

(The Fayetteville Observer)

A $25 million plant under construction in Sampson County will turn 55,000 tons of turkey waste into industrial steam for energy. The 165,000-square-foot Prestage AgEnergy plant is expected to open by the first quarter of 2016.

Chapel Hill-based kids coding site reaches 70,000 students

November 16, 2015

(WRAL TechWire)

Youth Digital, a Chapel Hill-based startup that offers online courses to train kids to design games, 3-D animations and apps has expanded its reach from 800 customers in 2013 to more than 70,000 children in over 100 countries.

Greensboro's Qorvo plans to raise $1 billion

November 16, 2015

(News & Record, Greensboro)

The Greensboro semiconductor company plans to raise $1 billion by 2025 through a senior notes offering. The company will use the proceeds to buy back shares and pay off debt.

Wilmington cold-storage facility to open in April

November 16, 2015

(StarNews, Wilmington)

Despite weather-related construction delays, a cold storage facility at Port of Wilmington should be open by mid-April. The 100,000-square-foot facility, which will house seafood, poultry, vegetables and other foods waiting to be exported, will be operated by a subsidiary of real-estate development group USA Investco.

Raleigh City Council aims to protect historic structures

November 13, 2015

(The News & Observer, Raleigh)

Raleigh City Council is expected to approve Monday new development zones that would allow for 40-story buildings in the central business district while maintaining height restrictions on 19 of the city's oldest buildings. The action would make it harder for developers to raze historic properties and redevelop them for a profit.

Contruction to begin Monday on I-77 toll lanes

November 13, 2015

(The Charlotte Observer)

Construction is scheduled to begin Monday on Interstate 77 toll lanes, though, in a last-minute effort to halt the project, two state legislators from the Charlotte region plan to ask Gov. Pat McCrory to cancel the project.

BofA's new general counsel will be based in Charlotte

November 13, 2015

(The Charlotte Observer)

David Leitch will become Bank of America's new general counsel beginning Jan. 1. Leitch, 54, announced last month his retirement from Ford Motor. He will be based in Charlotte.

Amid FBI probe, Pittenger calls for ethics committee review

November 13, 2015

(The Charlotte Observer)

U.S. Rep. Robert Pittenger on Thursday asked the House Ethics Committee to investigate his role at his former Charlotte-based land company. The FBI and IRS are investigating whether Pittenger improperly transferred money from Pittenger Land Investments to his 2012 congressional campaign.

Automated Insights' Allen earns top NCTA honor

November 13, 2015

(The News & Observer, Raleigh)

Robbie Allen, founder and CEO of Automated Insights, was named "Tech Exec of the Year" by the N.C. Technology Association. Automated Insights, which provides a software platform for turning data into news stories, was acquired in February by Chicago-based STATS.