Business

Video-gambling investigation could top $20 million

December 12, 2014

(WRAL.com)

Federal agents have raided at least 190 businesses in 40 North Carolina towns since an investigation into video sweepstakes began in May. A federal court transcript shows a father-son duo convicted of illegal gambling more than a decade ago may be linked to a $20 million gambling ring in Eastern N.C.

Concord airport seeks $79.7M for expansion

December 12, 2014

(The Independent Tribune, Concord)

Concord Regional Airport is requesting $79.7 million from the Federal Aviation Administration for improvements, including a $40 million separate terminal for anticipated growth in commercial flights. Las Vegas-based budget carrier Allegiant Airlines began passenger service last December, and City Manager Brian Hiatt says other carriers have expressed interest in Concord.

Triangle business group to raise funds to recruit international flights

December 12, 2014

(The News & Observer, Raleigh)

Triangle-based Regional Transportation Alliance plans to raise $500,000 over three years to help Raleigh-Durham International Airport recruit new nonstop flights to international destinations including Paris and Frankfurt. In October, RDU pledged $2.1 million in incentives to attract more international flights.

Patrick Cannon sells stake in Charlotte parking company

December 12, 2014

(The Charlotte Observer)

Former Charlotte Mayor Patrick Cannon has sold his share of the parking business he founded to owner Jeff Feemster. E-Z Parking also lost its contract with Carolinas HealthCare System, though the hospital system says its decision to switch vendors was unrelated to Cannon's arrest and imprisonment. 

Brunswick County businessman named chairman of NC Ports

December 12, 2014

(Greater Wilmington Business Journal)

Tom Adams, president and CEO of Ocean Isle Beach-based Adams Building and Consulting, is the new chairman of the N.C. State Ports Authority board of directors. Adams was appointed to the board in January by former House Speaker Thom Tillis. He succeeds Michael Lee, who was elected to the N.C. Senate in November.

Adviser says Family Dollar should delay vote

December 12, 2014

(The Charlotte Observer)

Institutional Shareholder Services said Family Dollar Stores stockholders should postpone a Dec. 23 vote on the Matthews-based retailer's pending deal with Dollar Tree. The shareholder advisory group says delaying the vote could result in a higher price. 

Dozens of vacant manufacturing sites for sale in Hickory area

December 12, 2014

(Hickory Daily Record)

Catawba County has 69 vacant warehouses and manufacturing buildings listed for sale, but city and county leaders say they need to build a high-end business park to meet market demands and recruit new companies. 

$21M entertainment center proposed for Fort Bragg

December 12, 2014

(The Fayetteville Observer)

The Army & Air Force Exchange Service finance committee approved plans for an entertainment complex that includes a 42,000-square-foot movie theater and 40,000 square feet of dining space at Fort Bragg. The $21 million to $23 million center is scheduled to open in early 2017.

Krispy Kreme debuts rewards program

December 12, 2014

(Winston-Salem Journal)

Winston-Salem-based Krispy Kreme Doughnuts launched an app in four of its markets that will allow customers to earn rewards points for free doughnuts, coffee and other items at its retail stores. 
Related: Krispy Kreme earnings report disappointing 

PNC rolls out redesigned branches in Charlotte

December 12, 2014

(The Charlotte Observer)

Pittsburgh-based PNC Bank has redesigned two of its Charlotte bank branches to allow customers to do more self-service banking using tablet devices and computers. PNC CEO William Demchak said the bank will focus more on converting its existing branches to the new model and less on closing branches.