Business

South side of downtown Charlotte poised for growth

May 18, 2015

(The Charlotte Observer)

The Stonewall Street corridor in downtown Charlotte, which consists largely of vacant parcels and surface parking lots, is experiencing a construction boom, with hundreds of apartments, hotels and offices planned. 

Wake Forest Innovation Quarter fuels growth in downtown Winston-Salem

May 18, 2015

(Winston-Salem Journal)

Originally conceived as a research park in downtown Winston-Salem in the early 1990s, Wake Forest Innovation Quarter has evolved but is still a work in progress. The innovation district, which is anchored by Inmar, Wake Forest Baptist Medical Center and a Wells Fargo data center, has 85 acres of developed land with 60 acres to be developed.

Family Dollar considered going private in 2007

May 18, 2015

(The Charlotte Observer)

Matthews-based Family Dollar Stores, which is being acquired by Dollar Tree, looked at going private in 2007, the same year rival Dollar General was bought by KKR. The private-equity firm has been credited with improving operations and ultimately turning Dollar General around.

Royalty Exchange looks at selling business

May 18, 2015

(The News & Observer, Raleigh)

Morrisville-based Royalty Exchange is considering winding down operations or selling the business as it struggles to raise new funding. Founded in 2011, the company offers an online marketplace for songwriters and producers to sell royalty streams to investors. The company also auctions royalty rights from energy projects including wind and solar.

Prosecutors: Duke Energy ignored warnings prior to ash spill

May 15, 2015

(The Charlotte Observer)

Federal prosecutors said Duke Energy twice refused to spend $20,000 on internal video inspections of the 48-inch broken pipe that led to the massive coal-ash spill into the Dan River in February 2014. The Charlotte-based utility was sentenced Thursday and must pay $102 million in fines and for environment projects.

Rex Hospital manager steps down after investigation

May 15, 2015

(The News & Observer, Raleigh)

The director of the emergency department at Raleigh's Rex Hospital has stepped down following a federal investigation into the medical center's treatment of a violent, mentally ill patient.
Also: Rex borrows $150 million to build heart center

DOT says it will move forward with I-77 toll project

May 15, 2015

(The Charlotte Observer)

The N.C. Department of Transportation said Thursday the Interstate 77 toll project will not be delayed, despite concerns over a noncompete clause in the state's contract with a private developer that some local governments say wasn't made public. The noncompete clause means the state would have to compensate the developer if it decides to add free lanes to the road within the next 50 years.

Shipman to retire as CEO of Cardinal Innovations

May 15, 2015

(The Charlotte Observer)

Pam Shipman will retire as CEO of Kannapolis-based Cardinal Innovations Healthcare Solutions, which oversees government spending for behavioral health in 16 counties. Richard Topping, currently executive vice president, will succeed her on July 1.

Pinehurst to host U.S. Amateur Championship in 2019

May 15, 2015

(The Pilot, Southern Pines)

Pinehurst Resort and Country Club will host the U.S. Amateur Championship for the third time in August 2019, the United States Golf Association announced Tuesday. It will be the 10th USGA championship hosted at the club.
Related: Sure shots: North Carolina's top 100 golf courses, April

NC Research Campus forms educational partnership with Costa Rica

May 15, 2015

(The Independent Tribune)

Costa Rica and the N.C. Research Campus in Kannapolis will form a collaboration to advance research in food science. The agreement, which involves groups from N.C. State and N.C. A&T State University, will allow Costa Rican scientists to train and perform research at the NCRC.