Business

Duke LifePoint to buy MedWest Haywood hospital

July 11, 2014

(Asheville Citizen-Times)

Duke LifePoint Healthcare will purchase MedWest Haywood in Clyde for $26 million. The Brentwood, Tenn.-based company plans to invest $36 million in capital improvements at the 169-bed hospital over the next 10 years. If the county approves the deal, the sale could close on July 31.

New music venue coming to Greensboro

July 11, 2014

(News & Record, Greensboro)

A concert venue affiliated with House of Blues Entertainment and Live Nation will open in Greensboro in November.  The name of the club, which will accommodate up to 850 guests, has not been announced.  

Lenovo still leads in PC shipments

July 11, 2014

(The News & Observer, Raleigh)

PC shipments rose 15.1% in the first quarter for Beijing-based Lenovo, which has its North American headquarters in Morrisville. The company maintained its position as the world's No. 1 PC-maker with a 19.2% market share. Competitor HP claimed 17.7% of the market.

Imperial Tobacco in talks with Triad tobacco companies

July 11, 2014

(Winston-Salem Journal)

U.K.-based Imperial Tobacco Group says it is in talks with Winston-Salem-based Reynolds American and Greensboro-based Lorillard to acquire some of their brands and assets. 

Motion filed to extend case against Smith Advertising execs

July 11, 2014

(The Fayetteville Observer)

Lawyers have requested an extension in a Florida case alleging the owners of the former Smith Advertising & Associates were involved in a fraud scheme that bilked at least 74 people out of more than $55 million. The joint motion indicates the parties are attempting an out-of-court settlement.

Keurig to make coffee products for Harris Teeter

July 11, 2014

(The Charlotte Observer)

Vermont-based Keurig Green Mountain will manufacture K-Cup single-serve coffee packs for Harris Teeter. The Matthews-based grocery-store chain, which is owned by Cincinnati-based Kroger Co., will sell the products, branded with the Harris Teeter name, in supermarkets and online.

Asheville soda-maker signs distribution agreement with RC Cola

July 11, 2014

(Asheville Citizen-Times)

Soft drinks made by Asheville-based Blue Blaze Soda Co. will be available at Western N.C. restaurants through a distribution agreement with RC Cola. Blue Blaze sodas are all-natural and do not contain high-fructose corn syrup.

Triangle business leaders push for changes to immigration laws

July 10, 2014

(WRAL.com)

Triangle business leaders say U.S. immigration rules make it hard to fill jobs in fields including biotechnology and engineering. Leaders, including SAS Institute co-founder Jim Goodnight, say the U.S. needs to expand visas for farm workers and highly skilled workers.  

Report fuels rumor of BAC buyout of Reynolds American

July 10, 2014

(Winston-Salem Journal)

A British media outlet reported Wednesday that British American Tobacco could spend up to $75 a share, or $23.3 billion, to buy all of the remaining shares of Reynolds American stock it doesn't own.

Cape Fear Valley Health System seeks to expand

July 10, 2014

(The Fayetteville Observer)

Cape Fear Valley Health System has filed an application to add 34 beds to the existing 490 at its medical center in Cumberland County. The project would cost $30 million, according to the state Department of Health and Human Services.