Business

Allegiant Air adding flights in Concord

July 10, 2014

(Independent Tribune, Concord)

Allegiant Airlines will add six weekly flights to three additional Florida destinations from Concord Regional Airport beginning in October. The Las Vegas-based airline began service from Concord to Orlando in December with two weekly flights.

BofA again seeking dividend increase

July 10, 2014

(The Charlotte Observer)

Bank of America again wants to raise its quarterly dividend to 5 cents a share, according to The Wall Street Journal. The bank had planned increasing its dividend from 1 cent earlier this year, but had to suspend that plan when it realized it had made accounting errors in its capital plan.

US Attorney General refuses to meet with BofA CEO

July 10, 2014

(The Charlotte Observer)

U.S. Attorney General Eric Holder declined to meet with Bank of America CEO Brian Moynihan to discuss a potential settlement over mortgage-related probes. The Justice Department sought a $17 billion settlement and ended talks with the Charlotte-based bank after it offered to pay about $12 billion.

French company breaks ground on new Durham plant

July 10, 2014

(The News & Observer, Raleigh)

BioMérieux broke ground on 25,000-square-foot plant in Durham where it will make products to detect bloodborne infections. The $48 million expansion will add 44 jobs to the French health diagnostics company's existing 630 at its U.S. headquarters there.

Belk to expand SC distribution center

July 10, 2014

(The Charlotte Observer)

Charlotte-based Belk Inc. will invest $28 million and add 20 jobs in an expansion of its e-commerce distribution center in Jonesville, S.C. Its landlord will invest an additional $19 million. The retailer reported 42% growth in online sales in the first quarter.

Film advocates disagree with McCrory's claims of 'abuse' of film subsidies

July 10, 2014

(StarNews, Wilmington)

North Carolina film industry leaders don't agree with Gov. Pat McCrory's comments suggesting that the state's film-incentive program has been abused.

Durham to get new industrial park

July 10, 2014

(The News & Observer, Raleigh)

Liberty Property Trust will build a 462,000-square-foot industrial park in Durham called Liberty Ridge. The Malvern, Pa.-based publicly traded REIT paid $4 million for the property, which will include industrial and distribution space. Liberty recently acquired five buildings in Durham's Imperial Center business park.

New Hanover Regional partners with Carolinas HealthCare

July 9, 2014

(StarNews, Wilmington)

New Hanover Regional Medical Center has entered into a services agreement with Charlotte-based Carolinas HealthCare System that will allow the 769-bed hospital to reduce costs by combining its purchasing power with the state's largest public hospital system.

Raleigh's Salix to merge with Italian drug company

July 9, 2014

(The News & Observer, Raleigh)

Salix Pharmaceuticals will merge with Cosmo Pharmaceuticals of Lainate, Italy and will reincorporate in Ireland, which will allow the company to reduce its tax rate. Salix will maintain its headquarters in Raleigh after the deal closes later this year.

NC film commissioner steps down

July 9, 2014

(StarNews, Wilmington)

Aaron Syrett will step down as director of the N.C. Film Office effective July 31. Syrett, who has held the job since 2007, said he was offered but declined to accept a position in the new N.C. Partnership of Economic Development, which will oversee film recruitment.