Business

Allison stepping down from BB&T's board

February 26, 2014

(The Winston-Salem Journal)

John Allison, former chief executive of BB&T, will leave the company's board of directors on April 29. Allison plans to spend more time with his work at the Cato Institute, where he serves as president and chief executive.

Montreat merger with Georgia's Point University is off

February 26, 2014

(Asheville Citizen-Times)

Point University will not merge with Montreat College, citing complications involving legal agreements and concerns about the merger from Montreat students and faculty. The merger between the East Point, Ga. university and Montreat, which has struggled financially, was announced last year.

Charlotte chooses Atlanta valet-services firm for airport

February 26, 2014

(The Charlotte Observer)

Charlotte City Council approved hiring Atlanta firm AmeriPark to handle valet parking services at Charlotte Douglas International Airport. AmeriPark will begin a three-year contract at the airport this summer.

Wallburg vineyard named Wine Grower of Excellence

February 26, 2014

(The Lexington Dispatch)

Chart's Hill Vineyard in Davidson County received the Wine Grower of Excellence Award from the North Carolina Winegrowers Association. The group gives the award to a member who has been in business for over five years, produces high-quality grapes and works to promote the wine industry in North Carolina. Chart's Hill doesn't have a winery; it sells its grapes to others for use in making wine.

Clean Tech Summit today in Chapel Hill

February 26, 2014

(The News & Observer, Raleigh)

The 2014 Clean Tech Summit will be held today in Chapel Hill. The event, sponsored by Chapel Hill-based Strata Solar, the Research Triangle Cleantech Cluster and UNC's Institute for the Environment, will examine the future of energy and water conservation and education's role in preparing workers for tech jobs.

Charlotte's Swisher to take $101 million goodwill charge

February 26, 2014

(The Charlotte Observer)

Swisher Hygiene will take up to a $101 million non-cash charge which will erase most of the company's assets on its balance sheet. 

Greensboro's RF Micro to merge with Oregon semiconductor company

February 25, 2014

(The News & Record, Greensboro)

Greensboro-based chip-maker RF Micro Devices Inc. will merge with Hillsboro, Ore.-based TriQuint Semiconductor Inc. in an all-stock deal valued at $1.56 billion that is expected to close in the second half of the year. The combined company will have a new name that has not been determined.

 

NTE Energy to build $450 million power plant in Kings Mountain

February 25, 2014

(The Charlotte Observer)

A Florida-based energy company will invest $450 million in a 480-megawatt plant in Kings Mountain where it will employ 30 with annual salaries ranging from $60,000 to $70,000. NTE Energy will produce natural-gas driven electricity with a new, clean technology and will sell its power to electric cooperatives and utilities. 

ACC football championship to stay in Charlotte for six more years

February 25, 2014

(The Charlotte Observer)

The ACC announced that Charlotte will host its championship football game through 2019. The game has been played at Bank of America stadium for the past four years, with an average attendance of about 70,000. 

Wilmington-based Fuzzy Peach yogurt stores sold to U-Swirl

February 25, 2014

(StarNews, Wilmington)

Fuzzy Peach, a chain of frozen-yogurt shops founded in Wilmington by three graduates of UNC Wilmington's business school, has been sold to Henderson, Nev.-based U-Swirl Inc. in a deal worth up to $830,000. Fuzzy Peach has 17 franchise locations in four states with 18 more in development. All stores will keep the Fuzzy Peach name.