Business

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.

Mountaire Farms plans 500 jobs at Siler City chicken plant

May 6, 2016

(The News & Observer, Raleigh)

Delaware-based Mountaire Farms will acquire the former Townsend poultry processing plant in Siler City, which employed more than 1,000 people before shutting down in 2011. Mountaire plans to renovate the plant and says it will eventually create more than 500 jobs.

80s fashion brand Alexander Julian relaunching this fall

May 6, 2016

(The Charlotte Observer)

Designer Alexander Julian and his son, Huston, are bringing back his line of upscale menswear, with popup shops opening soon in Charlotte and Charleston, S.C. The Chapel Hill native designed the Charlotte Hornets' first basketball uniforms in 1988 and UNC Chapel Hill basketball uniforms in 1990.