Business

Fayetteville's Prince Charles Hotel will be auctioned

February 27, 2014

(The Fayetteville Observer)

The Prince Charles Hotel in downtown Fayetteville will be auctioned by March 6. A developer had planned to renovate the aging structure but abandoned plans when the city refused to contribute financially to the project.

Festival organizers use studies to predict economic impact

February 27, 2014

(Asheville Citizen-Times)

Organizers of festivals and cultural events such as the upcoming Moogfest in Asheville are commissioning economic impact studies in order to secure government and private funding and to provide a benchmark for determining whether or not an event is successful.

Ruger to make new product lines at Mayodan plant

February 27, 2014

(The Winston-Salem Journal)

Production at Sturm, Ruger & Co.'s firearms manufacturing plant in Mayodan will increase this year, as the company adds new products including new styles of pistols and rifles. The company, which bought the plant in September, currently employs less than 100 but plans to create a total of 473 jobs within five to six years. 

Premier Inc. partners will racetrack alliance to provide concessions

February 27, 2014

(The Charlotte Observer)

Charlotte-based Premier Inc. will provide food-service concessions to members of Speedway Benefits, a Charlotte-based alliance of grassroots racetracks which has about 300 members. The health-services company also provides supply-chain services to non-health-care groups.

Cary shopping center sold for $91 million

February 27, 2014

(The News & Observer, Raleigh)

Kimco Realty Corp. bought Cary's Crossroads Plaza shopping center, home to more than 60 shops and restaurants including Dick's Sporting Goods and Best Buy, for $91 million. 

Duke studies impact of Cherokee casino funds on families

February 27, 2014

(The News & Observer, Raleigh)

In a study of members of the Eastern Band of Cherokee Indians, Duke University researchers concluded that cash supplements from casino profits can improve the lives of children. The study followed 1,400 people in Western N.C., including 350 Cherokees tribe members. 

Virus spreading throughout state hog farms

February 26, 2014

(The News & Observer, Raleigh)

A fast-spreading virus that is almost always fatal to piglets has affected nearly a third of North Carolina's hog farms. The virus, which seems to have originated in China, has been found in about two dozen states. Nationwide, it is expected to claim about 2% of all hogs, but the percentage in North Carolina may be higher because of the large number of piglets produced here.

Wake Forest institute leads $75 million project to help wounded soldiers

February 26, 2014

(The Winston-Salem Journal)

The Wake Forest Institute of Regenerative Medicine, leading a consortium of more than 30 research institutions, has begun the second phase of a $75 million Department of Defense project that helps soldiers who suffer from severe burns and loss of limbs.

Publix opens first NC store today in Charlotte

February 26, 2014

(The Charlotte Observer)

Publix Super Markets opens its first store in North Carolina today in Charlotte's Ballantyne area. The Lakeland, Fla.-based grocery store chain plans to open 14 supermarkets in Charlotte over the next two years, as well as stores in Asheville, Cary and Winston-Salem.

Charlotte's Babcock & Wilcox gets federal contract worth up to $1.3 billion

February 26, 2014

(The Charlotte Observer)

Charlotte-based Babcock & Wilcox signed a three-year contract with the federal government worth up to $1.3 billion. B&W will make nuclear components for U.S. Naval defense programs, including power systems for submarines and aircraft carriers.