Business

Triangle to host entrepreneurial summit in 2015

October 14, 2014

(WRAL TechWire)

The Triangle will host the 2015 UP America Summit, an event that is expected to draw nearly 200 entrepreneurs from across North America. Dates haven't been announced.

House of Raeford to close Hoke County plant, lay off 400

October 13, 2014

(The Fayetteville Observer)

A little more than a year after closing a Raeford turkey-processing plant and laying off 950 workers, House of Raeford announced it will close its cooked-turkey plant in Hoke County within 60 days. About 400 workers will lose their jobs. Costs at the plant rose more than 250% over the past year since the company had to buy its turkeys from other vendors.

'Under the Dome' will return to Wilmington in 2015

October 13, 2014

(Greater Wilmington Business Journal)

CBS Television Studios will return to Wilmington to film the third season of summer TV series Under the Dome in the first quarter of 2015, despite recent changes to North Carolina's film incentive program. Guidelines for the new state film grant program are still being developed and should be complete by the end of October. 

 

Carolina Panthers could fetch up to $1.7 billion

October 13, 2014

(The Charlotte Observer)

Though the Carolina Panthers aren't believed to be for sale, sports business experts say the NFL team could bring in between $1.1 billion and $1.7 billion. NFL owners recently approved the sale of the Buffalo Bills for $1.4 billion, and experts say Charlotte is a more attractive market for an NFL team.

Pork industry rebounds from pig virus

October 13, 2014

(WRAL.com)

Hog supplies have risen now that a virus that has killed millions of young pigs across the nation (Statewide, April) has tapered off due to warmer weather and farmers taking more precautions to manage outbreaks. There are about 2,900 hog farms in North Carolina, mostly in Eastern N.C.

NC Research Campus ready for growth

October 13, 2014

(The Charlotte Observer)

While the recession stalled growth at North Carolina Research Campus in Kannapolis, the campus will soon begin more independent research and plans to make a major corporate announcement within a month or so. David Murdock, who opened the campus in 2008, announced earlier this month he will give $15 million a year to the center's research lab that bears his name.

Durham tech startup gets 12,000 pre-orders for fitness device

October 13, 2014

(The News & Observer, Raleigh)

A Durham-based technology startup says it has received 12,000 pre-orders for a wearable fitness-tracking device for kids. Squord (pronounced "scored") CEO Coleman Greene says the company expects to sell 15,000 Squord Boosters by year-end.

33-story Charlotte office tower sold

October 13, 2014

(The Charlotte Observer)

Trinity Capital Advisors and New York-based DRA Advisors have bought the 584,000-square-foot 400 South Tryon office tower in uptown Charlotte. The 33-story building is 92% occupied, mostly by Charlotte-based Duke Energy. Charlotte-based Trinity Capital recently announced it will build a 14-story office tower at Morehead and Tryon streets near uptown.

Acquisitions boost share prices for Hanesbrands

October 13, 2014

(Winston-Salem Journal)

Recent acquisitions of Maidenform and DBApparel have led some analysts to set share price targets for Winston-Salem-based Hanesbrands as high as $125.

 

Greensboro's NewBridge Bank to acquire Premier Commercial

October 10, 2014

(News & Record, Greensboro)

NewBridge Bank will acquire Greensboro-based Premier Commercial Bank in a transaction valued at about $19.8 million. The combined bank will have assets of $2.6 billion. The deal is expected to close in the first quarter of 2015.