Business

Belk sale spurs emotions of customers with long ties to the department-store group

August 14, 2015

(The Charlotte Observer)

The expected sale of Belk to New York private equity firm Sycamore Partners would remove local ownership of a department-store chain that has had a huge impact on North Carolina. Sycamore is devising an offer of up to $3.5 billion for Belk, according to several reports

 

Swisher Hygiene selling U.S. businesses for $40 million

August 14, 2015

(The Charlotte Observer)

Charlotte-based Swisher Hygiene, a Charlotte-based public company, said will sell its U.S. operations to Minnesota-based Ecolab for $40 million. Earlier this week Swisher sold its Canadian business. Shares of Swisher, a sanitation company, more than doubled to $1.30.

Jaguar Land Rover bypasses North America for auto plant

August 14, 2015

(The News and Observer)

Jaguar Land Rover, which was reportedly considering North Carolina and other North American sites to locate a new plant, signed a letter of intent for a possible new plant in Nitra, a city in the Slovak Republic, several news agencies reported. Several automakers have considered various Southeastern states for a new plant. North Carolina hasn’t attracted one.

 

Two developers interested in Winston-Salem City Center parking deck.

August 14, 2015

(Winston-Salem Journal)

Grubb Properties of Charlotte and Tight Line Partners of Winston-Salem have shown interest in acquiring a 730-space parking deck from the city of Winston-Salem, a city official said. The property is expected to sell for about $2 million. Tight Line is run by veteran Triad developer John Reece, while Clay Grubb heads Grubb Properties.

 

Duke CEO named to Boeing board of directors

August 14, 2015

(Charlotte Observer)

Duke Energy Corp. CEO Lynn Good was elected to the board of directors of Chicago-based Boeing Corp. She will serve on the finance and audit committees. She became Duke’s CEO in mid-2013, succeeding Jim Rogers.

Domino’s Pizza wants to hire 2,000 people in North Carolina.

August 13, 2015

(The Charlotte Observer)

Domino’s Pizza is holding a hiring day on Aug. 19 and hopes to add 2,000 at its North Carolina units.

Downtown Raleigh lot draws $3.5 million offer

August 13, 2015

(The News and Observer)

Blue Heron Real Estate Opportunity Fund II, LP offered $3.5 million for a 1.2-acre site in downtown Raleigh owned by the city. The Chapel Hill-based group’s bid topped two other Triangle-area development companies.

 

Developer wants city to help with renovations

August 13, 2015

(Winston-Salem Journal)

 

Developer Mike Coe wants the city of Winston-Salem to help renovate the downtown Pepper Building for stores and 54 apartments. 

Argos Therapeutics notches $19.6 million loss

August 13, 2015

(The News and Observer)

Argos Therapeutics, a Durham drug developer, said it lost $19.6 million in the second quarter as it boosted research and development spending.

Premier buys software company for $65 million

August 13, 2015

(The Charlotte Observer)

Charlotte-based Premier Inc. purchased software developer Healthcare Insights of Libertyville, Ill. for $65 million. Premier provides hospitals and health care systems with analytics and other services.