Business

National Mustang Museum coming to Concord

May 10, 2016

(The Independent Tribune, Concord)

Mustang enthusiasts Steve Hall and Ron Bramlett plan to spend more than $1 million to build a new museum showcasing Ford Mustangs. Bramlett, who lives in Morada, Calif., was executive director of the Mustang 50th Birthday Celebration in 2014, a five-day event that brought more than 50,000 Mustang fans to Cabarrus County, generating about $8.3 million in spending.

Former Lowe's exec joins Dollar Tree board of directors

May 10, 2016

(The Charlotte Observer)

Gregory Bridgeford was named a director at Dollar Tree, the Virginia-based chain that bought Family Dollar Stores for about $9.1 billion last year. Bridgeford, 61, was Lowe's chief customer officer before he retired in 2014 and previously served in executive roles in corporate development, merchandising and marketing at the Mooresville-based home-improvement retailer.

Hospital supporters hold tent vigil in Belhaven

May 9, 2016

(The News & Observer, Raleigh)

A group of activists has set up a tent encampment at the former Pungo District Hospital in Belhaven, a town of about 1,200 residents, worried that owners plan to demolish the building. Vidant Health shuttered the hospital in 2014, leaving some residents an hour's drive from the nearest ER. The hospital's supporters have until July 1 to give notice that they plan to reopen the hospital.

McCrory requests extension for response on HB2

May 9, 2016

(The News & Observer, Raleigh)

Gov. Pat McCrory has asked the U.S. Department of Justice for an extension of Monday's deadline to declare the state won't comply with House Bill 2, which the Justice Department said last week violates the U.S. Civil Rights Act. McCrory said the deadline was unrealistic; a Justice Department spokesperson said discussions about extension requests are ongoing.
Related: Charlotte mayor's texts to McCrory provide window into HB2 fight

PGA officials turn focus to Eagle Point in 2017

May 9, 2016

(StarNews, Wilmington)

As the Wells Fargo Championship wrapped up Sunday in Charlotte, organizers are already promoting next year's tournament, which will be held at Eagle Point Golf Club in New Hanover County. Ticket sales have been brisk, and the Wilmington area expects an economic impact of $40 million to $60 million.

Herbalife says it's close to settlement with FTC

May 9, 2016

(WRAL.com)

Nutritional-products manufacturer Herbalife said Friday it is in advanced talks to settle a federal investigation into whether the company operates as a pyramid scheme. Shares rose $5.30 on Friday, closing at $63.62; the company's stock has risen 36% from a year ago. Herbalife employs more than 400 people in Winston-Salem.

N.C. Rep. McGrady wants to revive coal ash commission

May 9, 2016

(The Charlotte Observer)

N.C. Rep. Chuck McGrady says he will introduce a bill to revive the Coal Ash Management Commission, created by the state legislature in 2014 to oversee state regulators then later disbanded following a January Supreme Court ruling over how members were appointed. McGrady, a Republican from Hendersonville, says the state Department of Environmental Quality needs oversight on decisions regarding cleanup of coal-ash ponds.

Ag tech accelerator launches at RTP

May 6, 2016

(The News & Observer, Raleigh)

A new accelerator that will provide seed funding, office space, labs and greenhouse space for agricultural tech startups opened on Thursday. The project has received $11.5 million in funding and expects to raise up to $30 million by year-end. The venture capital arm of Alexandria Venture Investments was the lead investor; Triangle-based Hatteras Ventures and Pappas Ventures also participated.

Bojangles' first-quarter results beat Wall Street expectations

May 6, 2016

(The Charlotte Observer)

Charlotte-based Bojangles' reported net income of 21 cents a share for the first quarter, higher than estimates of 18 cents a share. Sales of $127.7 million also topped analysts' estimates of $126.8 million. Nearly a year after its initial public offering, the chicken-and-biscuits chain says it has about 100 new restaurants approved or under construction.

FDA rules for e-cigarettes could spur lawsuits

May 6, 2016

(Winston-Salem Journal)

The FDA released new regulations for electronic cigarettes and vaporizers on Thursday that is likely to trigger lawsuits from manufacturers and vape shops. All e-cigs introduced after Feb. 15, 2007 must retroactively go through more stringent requirements, including providing more detail on liquid nicotine ingredients and manufacturing processes.