Business

Hi-Wire Brewing set to unveil new Asheville brewery

June 29, 2015

(Asheville Citizen-Times)

Hi-Wire Brewing will open its new, $3 million brewery near Asheville's Biltmore Village on July 25. The new facility will allow the beer company to boost annual production from 5,000-6,000 barrels to 55,000 barrels.

Uber expands to NC beach towns

June 29, 2015

(StarNews, Wilmington)

Uber has expanded the availability of its ride-hailing service to coastal communities along the East Coast, including Beaufort, Wrightsville Beach and the Outer Banks in North Carolina.

Sealed Air has begun hiring in Charlotte

June 26, 2015

(The Charlotte Observer)

Sealed Air broke ground Thursday on its new headquarters, where it plans to employ 1,262 with an average annual salary of about $120,000; about half of those workers are expected to be local hires. The company, which had revenue of $7.8 billion in 2014, said it has already hired about 180 people in Charlotte.

North State Communications to buy Charlotte IT firm

June 26, 2015

(High Point Enterprise)

High Point-based North State Communications will acquire Charlotte-based IT company Stalwart, the companies said Thursday. The deal is expected to close in the third quarter; financial terms were not disclosed.

Cree shares tumble

June 26, 2015

(The News & Observer, Raleigh)

Shares of Durham-based Cree hit a 52-week low Thursday after the company said it was restructuring its LED business and cut its revenue forecast. Cree's shares are down 16% this year.
Related: Hot and cold: Cree

BB&T board approves share buyback plan

June 26, 2015

(Winston-Salem Journal)

BB&T announced Thursday plans to repurchase up to 50 million shares of common stock. Based on the 52-week share price range of $34.50 to $41.70, the Winston-Salem-based bank could spend up to $2 billion on the buyback program.

Small businesses await change as AdvantageWest winds downs operations

June 26, 2015

(Asheville Citizen-Times)

AdvantageWest began the complicated task of finding homes for its many economic-development programs before the organization announced it would close by year-end. Nonprofit Mountain BizWorks will acquire the Advantage Opportunity Fund, which provides loans to startups, and the ScaleUp WNC small-business consulting program.

Seven Falls developer sentenced to federal prison

June 26, 2015

(Asheville Citizen-Times)

Keith Vinson, 56, was sentenced to 18 years in prison for his involvement in the Seven Falls development scheme in Henderson County, in which alleged conspirators had "straw borrowers" take out loans they did not intend to repay to buy lots in an upscale golf community.

Hatteras Financial to acquire two Denver companies

June 26, 2015

(Winston-Salem Journal)

Hatteras Financial, a Winston-Salem-based REIT, agreed to buy Pingora Asset Management and Pingora Loan Servicing, both based in Denver.

Food Lion parent to be acquired for $10.4B

June 25, 2015

(The Charlotte Observer)

Dutch grocery-retailer Royal Ahold will buy Delhaize, the Brussels-based parent of Food Lion, for about $10.4 billion. Potential impact on Food Lion's 2,300 employees at its Salisbury headquarters is unclear.