Business

Shareholders approve RF Micro-TriQuint merger

September 8, 2014

(News & Record, Greensboro)

Shareholders approved Greensboro-based RF Micro's planned $1.5 billion acquisition of Hillsboro, Ore.-based TriQuint Semiconductor. The deal is expected to close by year-end.

Electrolux said to be near $2.5 billion deal to buy GE's appliance business

September 5, 2014

(The Charlotte Observer)

Electrolux is close to a deal to buy General Electric's appliance business for $2.5 billion, Reuters reports. The Swedish appliance maker has its North American headquarters in Charlotte, where it is undergoing an expansion that will double the size of local operations.

Judge sends three to prison in 'Black Diamond' fraud case

September 5, 2014

(The Charlotte Observer)

A federal judge sentenced three hedge-fund managers to prison for their involvement in the "Black Diamond" Ponzi scheme (cover story, August 2012) that bilked 400 people, including many from Western N.C., out of $40 million. 

Belhaven revokes building permit for 24-hour Vidant clinic

September 5, 2014

(The Daily Reflector, Greenville)

The town of Belhaven revoked a building permit for Vidant Health's proposed 24-hour health-care center and helipad. The Greenville-based hospital system is involved in a legal battle with the town, which wants to assume ownership of and reopen the shuttered Vidant Pungo Hospital. 

Related: Pungo parties spar in Greenville

Price of Charlotte streetcar project grows to $150 million

September 5, 2014

(The Charlotte Observer)

The anticipated cost of Charlotte's controversial 2.5-mile streetcar extension has risen from $126 million to $150 million, largely due to inflation. The City Council will vote Monday on whether to apply for a grant from the U.S. Department of Transportation that would cover half of the cost of the project.

Jones named chancellor of ECSU

September 5, 2014

(The News & Observer, Raleigh)

The UNC Board of Governors named Stacey Franklin Jones chancellor of Elizabeth City State University. A mathematician and software engineer, Jones has served as a management consultant based in Washington, D.C., since 2011 and has held leadership positions at colleges in South Carolina and Maryland. 

Bayer CropScience to break ground on RTP greenhouse

September 5, 2014

(The News & Observer, Raleigh)

Bayer CropScience will break ground Monday on a $29.6 million, 29,500-square-foot greenhouse at Research Triangle Park. Construction is expected to be completed by late 2015. 

Inmar acquires Canadian coupon company

September 5, 2014

(Winston-Salem Journal)

Winston-Salem-based Inmar has bought Canada-based Millennium Process Coupon. Inmar provides inventory management and coupon clearing for retailers and manufacturers and employs more than 920 people. Terms of the deal weren't disclosed.

Reynolds subsidiary to launch nicotine gum

September 5, 2014

(Winston-Salem Journal)

A Reynolds American subsidiary is planning a national rollout of a nicotine replacement therapy gum. Zonnic will be sold in convenience stores and gas stations, where most people buy tobacco products. GlaxoSmithKline's Nicorette currently claims 43% of the market share of NRT products.

Wake Forest Baptist receives $18 million cancer-research grant

September 5, 2014

(Winston-Salem Journal)

Wake Forest Baptist Medical Center received an $18 million grant from the National Cancer Institute to develop cancer screening and prevention programs and conduct controlled clinical trials.