Business

Strata Solar hiring 200 in Fayetteville

June 16, 2015

(The Fayetteville Observer)

Strata Solar is looking to hire 200 workers to build solar farms in Robeson and Scotland counties. The Chapel Hill-based company plans to build 30 farms in the state next year.

AT&T rolls out ultra-fast Internet in Charlotte

June 16, 2015

(The Charlotte Observer)

AT&T launched its GigaPower Internet service in parts of Charlotte on Monday, offering speeds up to 100 times faster than most services.

Belhaven mayor repeats 300-mile walk to support rural hospitals

June 15, 2015

(WRAL.com)

Adam O'Neal, the mayor of Belhaven in Beaufort County, is completing his second, 300-mile walk to Washington on Monday and plans a news conference to urge Congress to help save 283 rural hospitals in danger of closing. Belhaven's Pungo District Hospital was shuttered in 2014 after it was acquired by Greenville-based Vidant Health.

Volvo considered three sites in NC for auto plant

June 15, 2015

(The News & Observer, Raleigh)

Volvo looked at three North Carolina sites before deciding last month it would build its new $500 million auto plant near Charleston, S.C. The Swedish automaker seemed particularly interested in a site near Rocky Mount, according to records released from the N.C. Department of Commerce.

Reynolds diversifies offerings with Lorillard purchase

June 15, 2015

(Winston-Salem Journal)

Reynolds American CEO Susan Cameron said the Winston-Salem tobacco company now owns a "dream portfolio" of brands following Friday's $29 billion acquisition of Greensboro-based Lorillard.

HQs exit Triangle as M&A activity heats up

June 15, 2015

(The News & Observer, Raleigh)

Since December, Four Triangle-based companies – Salix Phamaceuticals, Square 1 Bank, Stock Building Supply and The Pantry – have announced they are being acquired or merging with other companies, causing hundred of layoffs and leaving the area with fewer headquarters.

Analysts: Sale to private equity most likely for Belk

June 15, 2015

(The Charlotte Observer)

Analysts say it's most likely that Belk will be sold to a private-equity firm, though it's possible another department-store chain, such as Cincinnati-based Macy's, could buy the Charlotte-based retailer. A third, less likely option, is that the Belk family would maintain ownership. Belk said in April it had hired Goldman Sachs to evaluate options, which could include a potential sale of the company.

Lidl chooses Virginia for US headquarters

June 15, 2015

(Winston-Salem Journal)

German grocery-store chain Lidl said it will invest $202 million to establish its U.S. headquarters in Arlington, Va., and open a distribution center and regional headquarters in Spotsylvania County, Va. Lidl is considering a site in Alamance County for a distribution center.

GE Hitachi taps new CEO

June 15, 2015

(StarNews, Wilmington)

Pending General Electric's $13.8 billion acquisition of French turbine maker Alston, expected to close Aug. 21., Jay Wileman will become president and CEO of Wilmington-based GE Hitachi Nuclear Energy. Caroline Reda, CEO of GE Hitachi since 2010, will lead GE's new Power Services business.

Reynolds-Lorillard deal expected to close Friday

June 12, 2015

(Winston-Salem Journal)

Winston-Salem-based Reynolds American is expected to complete its $29 billion acquisition of Greensboro cigarette-maker Lorillard today. The complicated deal, which also involves Imperial Tobacco Group, is not expected to result in significant job losses in the Triad.