Business

Wilmington eases restrictions for breweries

September 3, 2014

(StarNews, Wilmington)

The Wilmington City Council voted to ease restrictions on breweries, making it easier for craft breweries to operate within the city's mixed-use and business zoning districts

Dollar General raises bid for Family Dollar to $9.1 billion

September 2, 2014

(The Charlotte Observer)

Dollar General has raised its bid for Matthews-based Family Dollar Stores to $9.1 billion and has offered to pay a reverse-termination fee if the deal falls through due to antitrust concerns. Based on its latest offer, the Goodlettsville, Tenn.-based retailer would pay $80 a share, higher than its original bid of $78.50 a share and Dollar Tree's $74.50 a share bid. 

Performance Fibers to lay off 200 at Chatham County plant

September 2, 2014

(Winston-Salem Journal)

Performance Fibers will close its plant in Moncure by Oct. 27, laying off about 200 workers. About 60 affected employees could relocate to a Salisbury plant. The Huntersville-based company makes industrial fibers for for use in products including seat belts and tires.

Credit unions use lottery programs to encourage people to save

September 2, 2014

(The New York Times)

Seven credit unions in North Carolina are among 62 in the U.S. that have begun offering Save to Win, a prize-linked savings account program that treats deposits like lottery tickets. For every $25 a member puts into their account, they are entered into a monthly lottery.

Construction ramps up on $1.1 billion Charlotte light-rail extension

September 2, 2014

(The Charlotte Observer)

City officials say a 9.3-mile extension of Charlotte's Blue Line light rail, expected to open in 2017, will generate 10,000 housing units, four million square feet of office space and 1.3 million square feet of retail. The new corridor will extend north from uptown to UNC Charlotte.

Asheville called quirkiest town in the U.S.

September 2, 2014

(Asheville Citizen-Times)

Readers of Travel + Leisure magazine named Asheville the quirkiest town in the U.S., citing Friday-night drum circles at Pritchard Park, Vortex Doughnuts' local beer-of-the-day doughnuts and unique dining experiences.

Durham's BioCryst gets another $2.4 million to test Ebola drug

September 2, 2014

(The News & Observer, Raleigh)

BioCryst Pharmaceuticals received another $2.4 million from the federal government to test an experimental treatment for the Ebola virus, the company said Friday. The award raises the total amount of the Durham-based drug developer's government contract to $24.4 million.

Novant partners with Campbell University to train medical students

September 2, 2014

(Winston-Salem Journal)

Campbell University announced a partnership with Winston-Salem-based Novant Health to help train medical students enrolled in its new School of Osteopathic Medicine, established to increase the number of doctors in rural areas. Novant's Rowan Medical Center in Salisbury will serve as a training center.

Summer business 'steady' at Southeastern NC beaches

September 2, 2014

(StarNews, Wilmington)

Owners of coastal hotels, restaurants and shops in Southeastern N.C. say business was steady this summer, despite heavy rains in August and Hurricane Arthur's brush with the the coastline on July 3.  Southport businesses fared particularly well, led by tourists wanting to visit sites featured in the movie "Safe Haven," which was filmed there in 2012. 

Feds ask for more information from Reynolds, Lorillard

September 2, 2014

(The Charlotte Observer) 

The Federal Trade Commission has asked Winston-Salem-baesd Reynolds American and Greensboro-based Lorillard to provide unspecified additional information in its antitrust review of the tobacco companies' planned $25 billion merger.