Business

Hanesbrands completes purchase of European apparel company

September 4, 2014

(Winston-Salem Journal)

Hanesbrands Inc. completed a previously announced $528 million acquisition of Paris-based underwear and intimate-apparel manufacturer DBApparel on Friday. It's the second huge deal in less than a year for the Winston-Salem company, which paid $585 million for Iselin, N.J.-based Maidenform Brands Inc. in October.

Wilmington engineering firm expands to Charlotte, Atlanta

September 4, 2014

(Greater Wilmington Business Journal)

Criser Troutman Tanner Consulting Engineers, founded in Wilmington in 1950, has opened an office in Charlotte and one in Atlanta. A company spokeswoman said the engineering firm has existing clients and prospects in both cities.

McCrory says pipeline will generate economic growth in Eastern NC

September 3, 2014

(The News & Observer, Raleigh)

Gov. Pat McCrory told business leaders in Robeson and Wilson counties the $4.5 billion Atlantic Coast Pipeline will create more than 700 jobs in Eastern N.C. during the construction phase and about 50 permanent jobs once the project is completed. The pipeline is a joint venture between Dominion Resources, Duke Energy, Piedmont Natural Gas and AGL Resources.

Consultant says NC must pass incentives soon to attract auto-maker

September 3, 2014

(News & Record, Greensboro)

A site-selection consultant says North Carolina must expand its incentive program if it wants to recruit a major auto manufacturer to the state. Gov. Pat McCrory said Tuesday he is considering reconvening the General Assembly to discuss economic-development issues.

Report shows $28.9 million loss for Wake Forest Baptist

September 3, 2014

(Winston-Salem Journal)

An unaudited report shows Wake Forest Baptist Medical Center posted an operating loss of $78.4 million and overall loss of $28.9 million for its fiscal year ended June 30. Operating revenues were up 8.9% for the year, while expenses jumped 68.5%.

Kellogg to begin layoffs at Charlotte plant in November

September 3, 2014

(The Charlotte Observer)

Kellogg Co. will begin the first phase of layoffs at its snack plant near uptown Charlotte in November. The Battle Creek, Mich.-based company announced the plant closure and layoffs in February. A total of 161 employees will lose their jobs.

Hundreds turn out for Fayetteville chicken-plant meeting

September 3, 2014

(The Fayetteville Observer)

About 400 people gathered Tuesday night to hear local chamber and state agriculture officials present information about Sanderson Farms' proposed chicken-processing plant in Cumberland County. The proposed $113 million plant would create up to 1,000 jobs, though opponents are concerned about odor and the plant's effect on local water quality. 

Chiquita fires back at Brazilian companies in shareholder letter

September 3, 2014

(The Charlotte Observer)

In a letter to shareholders Tuesday, Charlotte-based Chiquita Brands International said Brazilian companies Cutrale and Safra have made "inaccurate and misleading public statements" in an effort to convince shareholders to vote down its pending merger with Dublin-based Fyffes.

NC State opens residence hall for entrepreneurs

September 3, 2014

(WRAL TechWIre)

N.C. State opened Innovation Hall, a residence hall that will serve as a headquarters for student entrepreneurs and includes a 24-hour workspace with SMART Boards, 3D printers and a conference room.

Wilmington film production to continue into late 2014

September 3, 2014

(Greater Wilmington Business Journal)

Film production is continuing on 20th Century Fox Television's Sleepy Hollow drama series in Wilmington, and pre-production work will begin soon for The Choice, a movie adaptation of a Nicholas Sparks novel. Film work completed in 2014 is eligible for the state's 25% tax credit program, which will expire Jan. 1.