Business

Charlotte seeks to increase uptown retail

December 5, 2014

(The Charlotte Observer)

With the number of residents living in uptown Charlotte approaching 25,000, a local economic-development group is looking for new ways to attract more retail to the area. One idea proposed by Charlotte Center City Partners' director of retail Christopher Hemans is to require new buildings to include first-floor retail.

Craven County approves incentives for Moen warehouse

December 5, 2014

(Sun Journal, New Bern)

Moen will break ground on a new 203,000-square-foot component warehouse at Craven County Industrial Park in the first quarter of 2015. County commissioners unanimously approved $650,000 in incentives for the project, which is expected to be operational by fall 2015. The Ohio-based faucet-maker employs 700 at a local manufacturing plant.

Southern Pines' K2 Solutions could lay off 70 workers

December 5, 2014

(The Pilot, Southern Pines)

K2 Solutions, which trains dogs for military operations, could lay off as many as 70 of its 170 employees next month as military contracts that began in 2009 are expiring. Most of the layoffs will be at the company's Richmond County training center. The Southern Pines-based company's founder says the government is investing more in developing technological replacements for canines in the military.

Dollar General still committed to buying Family Dollar

December 5, 2014

(The Charlotte Observer)

Dollar General reaffirmed on Thursday its commitment to acquire Matthews-based Family Dollar Stores. The Goodlettsville, Tenn.-based retailer reported third-quarter net income of $236.3 million, below analysts' projections. Family Dollar shareholders are scheduled to vote Dec. 23 on a pending acquisition by Chesapeake, Va.-based Dollar Tree.

No layoffs in Fayetteville call-center consolidation

December 5, 2014

(The Fayetteville Observer)

A spokeswoman for Sykes Enterprises says the consolidation of two Fayetteville call centers will not result in layoffs. In a letter to the state Department of Commerce, the company had said the consolidation could lead to 226 layoffs, but all employees at the location that is scheduled to close by Dec. 11 were offered jobs at the company's new office. 

Self-Help Credit Union opens first Triangle branch

December 5, 2014

(The News & Observer, Raleigh)

Self-Help Credit Union celebrated the grand opening of its first full-service branch in its hometown of Durham. The nonprofit community lender operates 20 branches across North Carolina.

Duke conference center to close for renovations

December 5, 2014

(The Herald-Sun, Durham)

Foodservice provider Aramark will close a conference center at Duke University's Fuqua School of Business for renovations in late January, affecting 67 employees. The center will reopen after 18 months.

 

GSK to cut 900 jobs at RTP

December 4, 2014

(The News & Observer, Raleigh)

London-based pharmaceutical company GlaxoSmithKline will cut 900 jobs at Research Triangle Park as part of a global corporate restructuring. Half of the affected employees will be offered jobs in a newly created business unit GSK is creating with Boston-based contract research organization Parexel. GSK employs 4,500 workers in RTP. Employees at a Zebulon manufacturing plant will not be affected by the cuts.

PPD founder Eshelman donates $100M to UNC

December 4, 2014

Fred Eshelman pledged $100 million to create a new research institute at UNC Chapel Hill's pharmacy school that bears his name. It's the largest individual donation the university has ever received. Eshelman founded Wilmington-based Pharmaceutical Product Development, which was sold in 2011 for $3.9 billion. 

Wilmington completes riverfront land sale to hotel group

December 4, 2014

(Greater Wilmington Business Journal)

Despite a pending legal challenge, the city of Wilmington completed the sale of a .76-acre riverfront property to Harmony Hospitality, which plans to build a $33.6 million Embassy Suites hotel there. The site is adjacent to the Wilmington Convention Center, which opened in 2010. A rival hotel group had challenged the sale, contending the city was offering to sell the land to Harmony below market value.