Business

About 1,800 seek jobs at new Hoke County hospital

October 10, 2014

(The Fayetteville Observer)

Officials at Cape Fear Valley Health were expecting about 1,000 people to show up at a job fair Thursday for its new Hoke County hospital – instead nearly double than number applied for jobs. The 41-bed hospital is scheduled to open in early 2015 and will employ about 350 people.

Family Dollar profits fall after closing stores

October 10, 2014

(The Charlotte Observer)

Amid uncertainty over who will win the battle to acquire Family Dollar, the discount retailer's profits fell by two-thirds in the company's fourth quarter. The Matthews-based company, which has spent more than $65 million in a restructuring that included closing 375 stores, reported profits of $35 million compared with $102 million for the same quarter a year ago.

Elon School of Law cuts tuition

October 10, 2014

(News & Record, Greensboro)

Elon University School of Law will cut its total tuition by $14,000, change to a seven-trimester schedule and revise its curriculum to emphasize real-world experience. The changes will take effect in fall 2015.

 

Kinston chef teams up with Chapel Hill's Southern Season

October 10, 2014

(The News & Observer, Raleigh)

Kinston's Vivian Howard, a local chef who has gained national attention as star of the award-winning PBS series "A Chef's Life," has partnered with Chapel Hill-based Southern Season to develop a line of gift baskets. The wooden crates, which range in price from $40 to $290, are on sale at Southern Season stores in Chapel Hill, Charleston, S.C., and Richmond, Va., and through the store's website.

Charlotte gains more talented newcomers

October 10, 2014

(The Charlotte Observer)

Charlotte's growth rate between 2003 and 2013 was nearly three times the national rate, and its diversifying economy is attracting more educated newcomers to the city, according to a recent study by Atlanta-based Market Street Services.

Raleigh tech hub signs e-textbook company as first big tenant

October 10, 2014

(WRAL TechWire)

Raleigh-based Vital Source Technologies signed on as the first major tenant at 227 Fayetteville St., a 10-story office building in downtown Raleigh that was formerly occupied by Wachovia and is undergoing an $8 million renovation. The e-textbooks company, a subsidiary of Nashville, Tenn.-based Ingram Industries, will lease 20,000 square feet.

Longtime Raleigh Chamber CEO to retire

October 9, 2014

(The News & Observer, Raleigh)

Harvey Schmitt will retire as CEO of the Greater Raleigh Chamber of Commerce after 21 years in the post. Schmitt, 65, said in an statement he plans to remain in Raleigh and he is not calling this a retirement. 

Charlotte's Carlisle Cos. to buy Minneapolis paint business for $590M

October 9, 2014

(The Charlotte Observer)

Carlisle Cos. will pay $590 million in cash for Minneapolis-based Graco's liquid paint-finishing business. If regulators approve the deal, the purchase will give the Charlotte-based manufacturer a fifth business segment, which will be known as Carlisle Fluid Technologies. The company sold its underperforming transportation segment last year.

Former Wachovia building could become Raleigh tech hub

October 9, 2014

(WRAL TechWire)

Developers will host a media event this morning regarding a 10-story office building in downtown Raleigh where New York-based LRC Opportunity Fund announced an $8 million renovation in January 2013. A website for the 227 Fayetteville Street says the 110,000-square-foot building will provide office space for "small startup businesses and entrepreneurs."

Forsyth Tech opens training center at Wake Forest Innovation Quarter

October 9, 2014

(Time Warner Cable News)

Forsyth Technical Community College unveiled a 24,000-square-foot technology center at Wake Forest Innovation Quarter. More than 1,200 students a year will learn work-related skills in fields including biotechnology and nanotechnology at the $7 million center.