Business

Kmart closing Greensboro distribution center

January 9, 2015

(Winston-Salem Journal)

Kmart plans to close its Greensboro distribution center in mid-April, affecting about 130 workers. Some eligible workers will be able to apply for other jobs within the company, a spokesman from  Sears Holdings, the parent company, said in a statement.

Panthers to renovate luxury suites

January 9, 2015

(The Charlotte Observer)

The Charlotte Panthers will begin renovating 158 luxury suites this month at Bank of America Stadium. The updates are part of a five-year, $125 million renovation plan that began last year with the addition of new escalators and video boards. 

 

Moore County mulls first jobs incentive program

January 9, 2015

(The Pilot, Pinehurst)

The Moore County Board of Commissioners is considering its first grant program for recruiting jobs and industry. The board could consider guidelines for the incentive program at its Feb. 3 meeting.

Herbalife to hold grand opening in Winston-Salem

January 9, 2015

(Winston-Salem Journal)

Herbalife will hold a grand opening of its 800,000-square-foot, $130 million plant in Winston-Salem on Jan. 16. The Los Angeles-based company, which makes nutritional supplements, currently employs 330 full-time workers at the plant.

UNC Chapel Hill tied for No. 1 in online MBA ranking

January 8, 2015

(The News & Observer, Raleigh)

UNC Chapel Hill tied with two other schools for the No. 1 spot on U.S. News & World Report's inaugural ranking of online MBA programs. Indiana University and Temple University shared the top spot. N.C. State University's online MBA program, launched in 2011, was No. 9.

Thousands seek jobs at annual recruiting event in Western NC

January 8, 2015

(Asheville Citizen-Times)

Thousand of people turned out Wednesday for the annual Asheville Area Chamber of Commerce job fair, where 98 employers were looking to fill about 6,000 positions. The Asheville MSA, which includes Buncombe, Haywood, Henderson and Madison counties, had the state's lowest unemployment rate in November.

Red Ventures gets $250M investment

January 8, 2015

(The Charlotte Observer)

Private-equity firm Silver Lake Partners is investing $250 million in Red Ventures, the internet-marketing company based south of Charlotte in Indian Land, S.C. Silver Lake has more than $23 billion of assets under management and has invested in technology businesses including Alibaba and Dell.

Cabarrus construction hits highest level since 2008

January 8, 2015

(The Independent Tribune, Concord)

Construction spending in Cabarrus County reached $362.4 million in 2014, its highest level since 2008. The overall value of building permits has increased each year since 2010, when spending bottomed out at $182.7 million.

Reynolds donates property to local economic-development group

January 8, 2015

(Winston-Salem Journal)

R.J. Reynolds Tobacco Co. plans to donate its Whitaker Park cigarette-manufacturing plant – which has been idle since 2010 – to a local, nonprofit redevelopment group that includes Wake Forest University. The Whitaker Park Development Authority has commissioned a study by the Urban Land Institute to determine the best use for the property.

Golden Corral names Trenary CEO

January 8, 2015

(The News & Observer, Raleigh)

Lance Trenary was named president and CEO of Golden Corral, replacing Ted Fowler who retired at the end of 2014. Trenary, 54, has been chief operating officer of the Raleigh-based restaurant chain since 2011 and has worked for the company for 29 years. Golden Corral has 501 locations in 41 states.