Business

Shareholders approve tobacco merger

January 29, 2015

(Winston-Salem Journal)

Shareholders overwhelmingly approved Reynolds American's proposed $27.4 billion acquisition of rival tobacco company Lorillard. Pending FTC approval, the companies expect the deal to close in the first half of this year.

Other Mecklenburg towns want Google Fiber

January 29, 2015

(The Charlotte Observer)

Mecklenburg County residents outside of Charlotte − including in Huntersville and Mint Hill − want Google to bring its ultrafast Internet network to their towns as well. About 200,000 of the county's nearly 1 million residents live outside of the city limits.

Job cuts likely at Goodyear's Fayetteville plant

January 29, 2015

(The Fayetteville Observer)

Goodyear Tire & Rubber may be laying off at least 30 to 40 of its 2,500 workers at its Fayetteville tire-manufacturing plant, according to source at the company. Goodyear has not confirmed the job cuts.

Asheville Outlets to open May 1

January 29, 2015

(Asheville Citizen-Times)

Asheville Outlets, an open-air shopping center featuring about 75 retail shops, will open May 1. A job fair will be held March 26, though some stores are already hiring for management positions.

NC jobless rate falls to 5.5%

January 28, 2015

(StarNews, Wilmington)

North Carolina's unemployment rate fell for the fourth straight month, to 5.5% in December compared with November's adjusted rate of 5.9%. The rate was lower than the national rate (5.6%) for the first time since last April.

Shareholders to vote on tobacco merger

January 28, 2015

(The News & Observer, Raleigh)

Shareholders of Reynolds American and Lorillard are scheduled to vote Wednesday on their proposed $25 billion merger. The tobacco companies announced in July plans for Winston-Salem-based Reynolds to acquire Greensboro-based Lorillard and sell some of the companies' brands to Imperial Tobacco Group for $7.1 billion ("Buying a Brand," August 2014).

Google announcements met with fanfare

January 28, 2015

(The News & Observer, Raleigh)

Now that Google is officially bringing its high-speed Internet network to Charlotte and Raleigh-Durham, the Mountain View, Calif.-based company must complete a design process before it can begin the massive construction project of laying fiber. Google declined to provide a start date for either project.

NC has lowest union membership rate in the US

January 28, 2015

(The Charlotte Observer)

Only 1.9% of workers in the North Carolina were union members in 2014, compared with 3% in 2013. According to a report from the U.S. Department of Labor, the national level was 11.1%, down slightly from the previous year. New York had the highest union membership rate at 24.6%. 

Belhaven, Vidant approve plans for 24-hour clinic

January 28, 2015

(The Daily Reflector, Greenville)

The town of Belhaven reached an agreement with Vidant Health that will allow the Greenville-based health system to begin construction of a $4.2 million, 24-hour clinic that will serve Hyde and Beaufort counties. The town and the NAACP are still awaiting a decision from a federal complaint they filed over Vidant's decision last year to close Vidant Pungo Hospital.

Hickory-based CommScope buying TE Connectivity units

January 28, 2015

(Winston-Salem Journal)

CommScope Holding will pay about $3 billion for TE Connectivity's telecommunications, enterprise and wireless businesses. The deal, expected to close by year-end, will allow the Hickory-based company to expand its geographic footprint.