Business

Thomas Built Buses completes High Point expansion

June 18, 2015

(Winston-Salem Journal)

Thomas Built Buses has completed the installation phase of its $12 million High Point expansion that includes adding new equipment and hiring more than 150 new employees. The school-bus manufacturer is eligible for more than $370 million in local incentives.

SouthPark mall begins interior, exterior renovations

June 18, 2015

(The Charlotte Observer)

Charlotte's SouthPark mall is getting a facelift, including enhancements to the front entrance and food court and new seating areas with Wi-Fi availability and chargers. Gastonia-based Pinnix will handle construction, which begins this month. The mall will remain open during the renovations.

Matheny to become CEO of Downtown Greensboro

June 18, 2015

(News & Record, Greensboro)

The nonprofit Downtown Greensboro Inc. plans to name Zack Matheny president and CEO at a press conference on Thursday. Matheny resigned his seat on the Greensboro City Council on Tuesday to accept the new position.

ATI to invest $70M in Union County expansion

June 17, 2015

(The Charlotte Observer)

Allegheny Technologies announced a $70 million expansion of its Monroe facility that could add 70 jobs. The Pittsburgh-based company, Union County's largest private employer, makes specialty materials and components for aerospace, defense and other industries. The city will give the company 57 acres to construct a new building, with room for possible future expansion.

Chatham agrees to store coal ash for $19M

June 17, 2015

(The News & Observer, Raleigh)

Duke Energy will pay Chatham County almost $19 million in exchange for allowing the utility to store up to 12 million tons of coal ash at a landfill in Moncure.

GE awaits decision on Export-Import Bank

June 17, 2015

(StarNews, Wilmington)

Employees of GE Hitachi and GE Aviation near Wilmington are watching to see if Congress will reauthorize the Export-Import Bank, which gives foreign companies loan guarantees to purchase products that are made in the United States. A GE spokesman said the company, which employs about 3,000 in the Wilmington area but does most of its business outside the U.S., needs the Export-Import Bank to stay competitive. The bank is scheduled to shut down June 30.

Durham's Chimerix raises $173 million

June 17, 2015

(The News & Observer, Raleigh)

Durham-based Chimerix raised $173 million in a stock offering. The drug developer offered 4.34 million shares priced at $39.75 each. Chimerix plans to use the funds to finance ongoing clinical trials for its antiviral drugs.

Analysts expect Family Dollar to drop prices after acquisition

June 17, 2015

(The Charlotte Observer)

Analysts with Sterne Agee said prices could drop at Family Dollar's retail stores following the $8.5 billion acquisition by Dollar Tree, which is expected to close in early July.

Fabric company expanding in Maiden

June 16, 2015

(Winston-Salem Journal)

Carolina Nonwovens will invest $12.2 million in its Maiden plant, adding 35 jobs over three years. A subsidiary of Washington, N.C.-based National Spinning, the company makes nonwoven fabrics for use in products such as bedding and outdoor cushions and insulation for autos and appliances.

Chicago developer bids on coveted downtown Charlotte site

June 16, 2015

(The Charlotte Observer)

A Chicago-based company has put in a third upset bid for an uptown Charlotte property at Stonewall and South Caldwell streets. Morgan Bond Charlotte, which is affiliated with Bond Companies, offered $15.1 million for the 3.8-acre parcel. The initial bid on the property was$12.2 million; Charlotte-based Northwood Ravin recently offered $14.15 million.