Tanger, O'Sullivan win entrepreneurship awards

June 27, 2014

(News & Record, Greensboro)

Steven Tanger, president and CEO of Greensboro-based Tanger Factory Outlet Centers, received Ernst & Young's 2014 Entrepreneur of the Year award in the category of hospitality and retail for the Southeast region. Mort O'Sullivan, CEO of Mebane-based ARCA, which sells cash automation systems, received the award in the technology category.

Texas life sciences company moves to Chapel Hill

June 27, 2014

(The News & Observer, Raleigh)

EpiCypher, a life sciences startup, has moved its headquarters from Texas to Chapel Hill and appointed Sam Tetlow CEO. Six of the company's eight employees are based in Chapel Hill. EpiCypher develops and makes products for pharmaceutical and biological research.

BofA lays off 540 workers in Charlotte

June 26, 2014

(The Charlotte Observer)

Bank of America announced Wednesday it will lay off 540 mortgage workers in Charlotte. The cuts are in a division created in 2011 to service troubled mortgages, including many that stemmed from the bank's 2008 acquisition of Countrywide Financial.  

United Furniture to bring 200 jobs to Winston-Salem

June 26, 2014


United Furniture will hire 200 workers at a manufacturing and distribution center in Winston-Salem. The company, which has locations in Archdale, High Point and Lexington, will occupy the former Hanesbrands Weeks hosiery plant. The Okolona, Miss.-based company will receive $300,000 in local incentives.

$100M equestrian center to open in Polk County

June 26, 2014

(Asheville Citizen-Times)

A $100 million equestrian center and resort will open in Polk County this summer. Tryon Resort includes five horse rings with 500 horse stables, and future plans include a 6,000-seat outdoor stadium and additional horse rings and stables. Lodging, including a 150-room hotel that will open in 2017, will be operated by Middleburg, Va.-based Salamander Hotels & Resorts.

Lenoir Memorial weighs three affiliation proposals

June 26, 2014

(Kinston Free Press)

Lenoir Memorial Hospital has received three proposals in its search for an operating affiliate. Brentwood, Tenn.-based Duke LifePoint Healthcare, Greenville-based Vidant Health and Winston-Salem-based Novant Health have proposed joint ventures or management agreements with the 261-bed hospital.

Hanesbrands to acquire European apparel company for $544M

June 26, 2014

(Winston-Salem Journal)

Winston-Salem-based Hanesbrands will acquire French intimate-apparel manufacturer DBApparel for $544 million. The two companies were owned by Chicago-based Sara Lee Corp. until 2006, when Sun Capital Partners bought DBA and Hanesbrands was spun out as a publicly traded company. 

Report shows Raleigh area execs plan to increase hiring for tech jobs

June 26, 2014

(WRAL TechWire)

A report released Wednesday shows 15% of Raleigh area CIOs are planning to increase hiring for information-technoloyg workers over the next six months. Of those surveyed, 64% of CIOs said it is difficult to find skilled workers. Networking and applications development ranked as the hardest skills to find.

Rideshare service Uber expanding in North Carolina

June 26, 2014

(The Charlotte Observer)

Rideshare service company Uber will expand to six additional N.C. cities. San Francisco-based Uber, already available in Charlotte and Raleigh, will add service in Durham, Chapel Hill, Fayetteville, Greensboro, Wilmington and Winston-Salem. Uber provides an app-based service that allows customers to order and pay for rides using smartphones.

American, US Airways ticket prices vary for same flights

June 25, 2014

(The Charlotte Observer)

Although American Airlines and US Airways completed their merger in December, the companies have not yet merged their reservation systems. Airline ticket prices for the same flights on the same planes can vary widely depending on which carrier's website customers use for booking.