Business

Merger activity boosts NC stock prices in 2014

January 2, 2015

(The Charlotte Observer)

Shares of North Carolina's largest public companies rose faster in 2014 than the overall stock market, boosted by gains from companies involved in mergers and acquisitions, including Family Dollar Stores, The Pantry and RF Micro Devices. Energy, apparel and retail stocks posted the largest gains.

RF Micro, TriQuint complete merger

January 2, 2015

(Winston-Salem Journal)

Greensboro-based RF Micro Devices and Oregon-based TriQuint Semiconductor completed their merger of equals on Jan. 1, and shares of the new combined company – named Qorvo Inc. – were expected to begin trading on the Nasdaq on Friday.

Tourism, breweries and manufacturing boost Asheville economy

January 2, 2015

(Asheville Citizen-Times)

Tourism led the Asheville area's economy in 2014, where at least six new hotels are planned or under construction. Other jobs announcements included multiple brewery expansions and manufacturing expansions by GE Aviation and Linamar.

Charlotte-based CommunityOne raises $25M

January 2, 2015

(The Charlotte Observer)

CommunityOne Bancorp raised $25 million in a private stock placement, according to a securities filing Tuesday. The Charlotte-based bank plans to use the money to increase lending in 2015. 

McCall Farms to close Wilson plant

January 2, 2015

(The Wilson Times)

McCall Farms will shut down its Wilson sweet-potato processing plant, idling up to 64 workers, by March 5. The Effingham, S.C.-based vegetable-canning company purchased the former Bruce Foods plant a year ago. Some employees will be offered jobs in South Carolina, where McCall plans to consolidate its sweet-potato processing operations.

Krispy Kreme co-founder Rudolph dies

January 2, 2015

(Winston-Salem Journal)

Lewis Rudolph, who co-founded Krispy Kreme Doughnuts with his brother Vernon in 1937, died Sunday in Nashville, Tenn. He was 95. Rudolph was a former vice-president of the Winston-Salem doughnut-maker and remained involved with the company until he retired in 1985.

Southeastern NC may be well-suited for wind farms

January 2, 2015

(The Fayetteville Observer)

Advanced technology is allowing wind turbines to generate more energy with less resources, which means wind farms in North Carolina could be more economically viable than previously thought. Florida-based NextEra Energy Resources plans to study the potential for wind-energy development in Hoke County.

 

Wong passes torch to daughter at Highland Brewing

January 2, 2015

(Asheville Citizen-Times)

Oscar Wong is stepping down as president of Highland Brewing, the Asheville based company he founded 20 years ago. His daughter, Leah Wong Ashburn, will run the craft brewery while Wong will remain as chairman. 
Read more about Highland Brewing, Business NC's Small Business of the Year

Winston-Salem's BB&T building sells for $60 million

December 24, 2014

(Winston-Salem Journal)

BB&T Financial Center in downtown Winston-Salem has sold for $60 million, or $250 a square foot. Its the highest per-square-foot price paid for an office building in Winston-Salem and $25.9 million more than the building sold for in 2011.

Second media report says Mercedes-Benz looking at Triangle

December 24, 2014

(The News & Observer, Raleigh)

The Detroit News reported that Mercedes-Benz USA is considering the Triangle or Atlanta for a headquarters relocation. The auto-maker employs about 1,000 people in Montvale, N.J. The Wall Street Journal reported last week the company was looking at Atlanta and North Carolina, but did not specifically mention the Triangle.