Business

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.

Judge will consider arguments in battle over Charlotte airport

October 10, 2014

(The Charlotte Observer)

Superior Court Judge Robert Ervin will hear arguments Friday from the city of Charlotte and the state over who should be in charge of Charlotte Douglas International Airport. At a hearing almost a year ago, Ervin said the FAA needed to decide on the matter. The FAA said a month ago it hasn't begun looking into the situation.

Cornelius wins Google's eCity award

October 10, 2014

(WRAL TechWire)

Google chose Cornelius, a city of about 25,000 in north Mecklenburg County, as a recipient of its 2014 eCities of America awards. Winner were chosen by measuring the online strength of small businesses who use the Internet to start and develop their businesses. The Mountain View, Calif.-based tech company chose one winner in each of the 50 states.

Report: Growth in solar industry makes NC a clean-energy leader

October 10, 2014

(WRAL TechWire)

North Carolina is the clean-energy leader in the Southeast, according to a report from the Pew Charitable Trusts. The state ranked third nationally in new renewable energy capacity, third in private investment and fourth in total capacity in 2013.