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Western

New angel investors hope to make Asheville startups fly

August 1, 2014

(The Citizen-Times, Asheville)

The Economic Development Coalition of Asheville and Buncombe County announced plans for a startup investing group, the Asheville Angels, and the revamping of the chamber's local entrepreneurship initiative.

Heist movie turns Asheville into Charlotte

July 30, 2014

The comedy starring Zach Galifianakis, Owen Wilson and Kristen Wiig transformed the streets of Asheville, making the Buncombe County Courthouse serve Mecklenburg County. The film is based on a real-life robbery in Charlotte in 1997.

Asheville's Mission Hospital plans $42 million in cuts

July 30, 2014

(Asheville Citizen Times)

Mission Health System, Asheville's biggest employer, will cut costs by $42 million next year under a reorganization plan that could mean layoffs.

Construction and controversy at A-B Tech

July 28, 2014

(Asheville Citizen-Times)

The building boom on the campus of Asheville-Buncombe Technical Community College isn't without controversy, debate and power grabs.

Wine industry thriving in NC

July 25, 2014

(Asheville Citizen-Times)

A group of wineries in Western N.C. and north Georgia will become part of an American Viticultural Area, a federal designation that allows vintners to more accurately describe the origins of their wine. Wineries across North Carolina attract 1.26 million visitors annually, and the wine industry had a $1.28 billion impact in the state in 2009. 

Moogfest to become a biennial event

July 24, 2014

(Asheville Citizen-Times)

Asheville's Moogfest music and technology festival will take a year off and return in 2016. Moog Music invested $3 million in the revamped music festival, which expanded from three to five days and added technology and innovation programs. The 2014 festival lost $1.5 million. 

Mountain BizWorks names new executive director

July 23, 2014

(Asheville Citizen-Times)

Patrick Fitzsimmons has been named executive director of Mountain BizWorks. Fitzsimmons was executive director of the Western N.C. region of the American Red Cross from 2004 to 2012. The Asheville-based non-profit organization provides loans to small businesses in Western N.C.

Facebook helping Rutherford County students get free Wi-Fi

July 22, 2014

(WRAL TechWire)

Students in Rutherford County will receive free Wi-Fi access at their homes through a pilot program sponsored by Facebook, PANGAEA Internet and local governments. Menlo Park, Calif.-based Facebook opened a data center in Forest City in 2012.

Henderson County apple crops largely unaffected by spring storms

July 21, 2014

(Hendersonville Times-News)

Despite unseasonably cold temperatures and spring hailstorms, apple growers in Henderson County say crops suffered little damage. The annual North Carolina Apple Festival begins Aug. 29.

Fracking possible in Nantahala, Pisgah national forests

July 17, 2014

(Watauga Democrat)

The U.S. Forest Service acknowledged in a statement the potential for fracking for natural gas in the Nantahala and Pisgah national forests. North Carolina is studying potential shale-gas deposits in Western counties.

Brevard becoming hub for mountain biking

July 16, 2014

(Asheville Citizen-Times)

The Brevard area, with access to trails in DuPont and Pisgah national forests, is becoming a mecca for mountain bikers. "It's a hobby that brings money to the area," says Brevard City Council member Wes Dickson.

Beer festival could be Western NC's largest ever

July 15, 2014

(Asheville Citizen-Times)

Sierra Nevada's Beer Camp Across America could be the biggest beer festival ever held in Western N.C. Up to 5,000 tickets will be sold, and 120 breweries will be represented at the Aug. 3 event in Mills River.

Duke LifePoint to buy MedWest Haywood hospital

July 11, 2014

(Asheville Citizen-Times)

Duke LifePoint Healthcare will purchase MedWest Haywood in Clyde for $26 million. The Brentwood, Tenn.-based company plans to invest $36 million in capital improvements at the 169-bed hospital over the next 10 years. If the county approves the deal, the sale could close on July 31.

Asheville soda-maker signs distribution agreement with RC Cola

July 11, 2014

(Asheville Citizen-Times)

Soft drinks made by Asheville-based Blue Blaze Soda Co. will be available at Western N.C. restaurants through a distribution agreement with RC Cola. Blue Blaze sodas are all-natural and do not contain high-fructose corn syrup.

UNCA submits three candidates for chancellor

July 8, 2014

(Asheville Citizen-Times)

UNC Asheville's Board of Trustees approved three candidates for the school's chancellor position, which will be vacated at the end of the month when Anne Ponder retires. UNC System President Tom Ross is expected to make his recommendation to the UNC Board of Governors, which could approve the new chancellor when it meets Aug.1.

Cider production growing in Western NC

July 7, 2014

(Asheville Citizen-Times)

Some Western N.C. apple farmers are benefiting from a boom in cider production, which has increased almost 1,000% in the past few years. Cider makers are looking to expand in North Carolina, which is the seventh-largest apple-producing state in the U.S. 

Panel rejects complaint against Moffitt

July 1, 2014

(Asheville Citizen-Times)

A second regulatory panel has rejected a claim made by the Democratic opponent of N.C. Rep. Tim Moffitt of Buncombe County. Brian Turner says Moffitt offered him a state job to pull out of this fall's election. 

Firework sales pop — but not in North Carolina

June 30, 2014

(Citizen-Times, Asheville)

The migration of Tar Heels to surrounding states to secure fireworks around the Fourth of July holiday underscores the annual tax revenue lost by North Carolina, which has more restrictive laws.

$100M equestrian center to open in Polk County

June 26, 2014

(Asheville Citizen-Times)

A $100 million equestrian center and resort will open in Polk County this summer. Tryon Resort includes five horse rings with 500 horse stables, and future plans include a 6,000-seat outdoor stadium and additional horse rings and stables. Lodging, including a 150-room hotel that will open in 2017, will be operated by Middleburg, Va.-based Salamander Hotels & Resorts.

Asheville airport building new runway

June 24, 2014

(Asheville Citizen-Times)

Asheville Regional Airport will begin the first phase of a four-year, $64 million project that includes the replacement of its 50-year-old runway. The Federal Aviation Administration will provide $6.5 million for construction of the new runway and a west-side taxiway. A groundbreaking will be held Aug. 8.

Charlotte

Time Warner Cable will bolster Charlotte services

August 1, 2014

(Charlotte Observer)

Facing a growing field of competitors, Time Warner Cable will upgrade its TV and Internet service in Charlotte and six other metros next year.

BofA ups its settlement offer

August 1, 2014

(The New York Times)

Charlotte-based Bank of America raised its settlement offer — to $14 billion — in negotiations with federal prosecutors to resolve investigations into the bank's selling of troubled mortgage securities before the financial crisis.

'Hustle' hands BofA $1.3 billion in civil penalities

July 31, 2014

(Charlotte Observer)

A federal judge ordered Charlotte-based Bank of America to pay $1.3 billion after a jury said its Countrywide unit knowingly sold bad home loans to Fannie and Freddie.

Icahn dumps more Family Dollar stock

July 31, 2014

(Charlotte Observer)

Carl Icahn owns just 3.6% of Family Dollar's stock, down from more than 9% on Monday, when the company announced it will be acquired by Dollar General.

Indian drugmaker to open Monroe plant

July 31, 2014

(Charlotte Observer)

Glenmark Pharmaceuticals will invest $17 million and hire 41 over three years at its first North American manufacturing plant, which will make generic drugs.

Family Dollar CEO expects jobs to stay in Charlotte

July 31, 2014

(Charlotte Observer)

After Family Dollar Stores is acquired by Dollar Tree, Family Dollar CEO Howard Levine maintains the combined company will keep a large presence in Matthews.

Icahn dumps part of Family Dollar stake

July 30, 2014

(Charlotte Observer)
Activist investor Carl Icahn sold more than one-third of his stock in discount retailer Family Dollar, according to securities filings.


Read more here: http://www.charlotteobserver.com/2014/07/29/5074565/icahn-unloads-more-than-13-of.html#storylink=cpy

 

Charlotte home prices gain almost 5% in a year

July 30, 2014

(Charlotte Observer)

Charlotte-area home prices rose 4.7 percent in May from a year ago , while price gains rose at a slower pace nationwide, Standard & Poor’s/Case-Shiller report showed Tuesday.


Read more here: http://www.charlotteobserver.com/2014/07/29/5073396/charlotte-area-home-prices-up.html#.U9hWY8e7lhA#storylink=cpy

 

Charlotte investor Nelson joins UNC board

July 30, 2014

(Charlotte Observer)

Charlotte investor Anna Spangler Nelson, daughter of former UNC System President C.D. Spangler Jr., was elected to the system's board of governors.

For Family Dollar, the drama is done

July 29, 2014

(The Charlotte Observer)

The sale of Family Dollar Stores to Dollar Tree for more than $8 billion ends four years of activist-investor-led drama for the Matthews-based discount retailer.

Dollar Tree to acquire Family Dollar for $8.5 billion

July 28, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores will be bought by Chesapeake, Va.-based Dollar Tree, the companies announced Monday morning. Dollar Tree will pay $8.5 billion in the cash-and-stock deal — $74.50 a share, a 22.8% premium over Family Dollar's Friday closing price.

New Charlotte mall reflects changing retail trends

July 28, 2014

(The Charlotte Observer)

Charlotte Premium Outlets, which will become the first mall to open in the Charlotte region in a decade when it debuts on Thursday, reflects retail consumers' preference for bargains.

Man pleads guilty in Charlotte Ponzi scheme case

July 25, 2014

(The Charlotte Observer)

Claude Darrell McDougal, 55, pleaded guilty to securities fraud and faces up to 20 years in prison and a $5 million fine. About 25 Charlotte investors lost more than $2.5 million in a Ponzi scheme McDougal ran between 2006 and 2010..

Nucor reports higher second quarter profits

July 25, 2014

(The Charlotte Observer)

Nucor reported net income of $147 million in the second quarter, up from $85.1 million for the same period a year ago. Increased construction spending and higher steel prices boosted the Charlotte-based company's earnings. 

Sealed Air brings 1,300 jobs to Charlotte

July 24, 2014

(The Charlotte Observer)

Sealed Air Corp. − the maker of Bubble Wrap − will move its headquarters from Elmwood Park, N.J. to Charlotte, bringing 1,262 jobs. The company will invest $58 million in its new campus, and it will receive up to $36 million in state incentives.  

RoundPoint Mortgage to lay off 166 in Charlotte

July 24, 2014

(The Charlotte Observer)

RoundPoint Mortgage Co. will lay off 166 workers in Charlotte, according to a notice filed with the N.C. Department of Commerce. The company, a subsidiary of RoundPoint Financial Group, did not give a reason for the layoffs but said most will happen around Sept. 19.

Spectra Group bringing 250 jobs to Charlotte

July 23, 2014

(The Charlotte Observer)

Princeton, N.J.-based Spectra Group will open a Charlotte office, creating 250 jobs with an average annual salary of $84,996. The jobs will be based in downtown's BB&T Center and will provide services for the financial industry.

Sales of preowned vehicles boost revenue for Charlotte's Sonic Automotive

July 23, 2014

(The Charlotte Observer)

Sonic Automotive Inc. reported revenue of $2.4 billion in the second quarter, led by a 12% increase in sales of preowned vehicles. Net income for the Charlotte-based auto retailer rose to $27 million compared with $8.9 million in the second quarter a year ago. (Read more about Sonic and founder Bruton Smith in our August 2013 cover story).

Charlotte developer plans new Lake Norman community

July 22, 2014

(The Charlotte Observer)

Simonini Group will develop a mixed-use community with 220 single-family homes, 240 apartments and 100,000 square feet of retail on 116 acres in eastern Lincoln County.

BBB releases list of Charlotte companies with most complaints

July 22, 2014

(The Charlotte Observer)

The Better Business Bureau has released its annual "Dirty Half-Dozen" list of businesses in the Charlotte area that received the most unanswered consumer complaints during the first half of 2014.

Triad

Greensboro developers rally for preservation credits

August 1, 2014

(News and Record, Greensboro)

Preservation Greensboro and Self-Help Credit Union pulled together a press conference on Thursday to support the state's tax credits for historic preservation, which are set to expire Dec. 31 if the General Assembly fails to extend them.

RF Micro and TriQuint schedule shareholder meetings for proposed merger

August 1, 2014

(News and Record, Greensboro)

RF Micro Devices and TriQuint Semiconductor will hold special shareholder meetings Sept. 5 to seek approval to merge the companies.

New Breed bought by Connecticut company

July 31, 2014

(Winston-Salem Journal)

New Breed Holding Co., a logistics company and one of High Point's largest employers, will be acquired by Connecticut-based XPO Logistics for $615 million.

Reynolds American earns $492 million in quarter

July 30, 2014

(Winston-Salem Journal)
Reynolds American Inc. reported second quarter net income increased 6.7 percent to $492 million, as higher pricing and market-share gains for Camel and Pall Mall offset lower sales and costs from launching distribution of the electronic cigarette Vuse.

Vegas furniture market adding showroom space

July 30, 2014

(High Point Enterprise)
International Market Centers, which owns the three major showrooms at the High Point furniture market, is expanding its Las Vegas site with about 134,000-square-feet of additional space. 

Greensboro cracks down on crowded clubs

July 30, 2014

(News and Record, Greensboro)

A nightclub owes nearly $300,000 in fines for repeated overcrowding, which city officials say could cost lives. Visions Entertainment Complex often attracts 1,800 people, double its capacity.

Blogger accuses Berger of charter-school conflict

July 30, 2014

(News and Record, Greensboro)
A retired Winston-Salem stockbroker filed a complaint alleging Senate Pro Tem Phil Berger doesn't want charter school salaries publicized to protect his son's newly approved school.

Sports car group wants Pilot Mountain to itself for a day

July 29, 2014

(Winston-Salem Journal)

Pending legislation would essentially allow a group of vintage sports-care enthusiasts to close Pilot Mountain State Park to the public on Sept. 11.

Drug disappointment forces Targacept to branch out

July 29, 2014

(Winston-Salem Journal)

Targacept's latest clinical-trial disappointment will force the Winston-Salem-based drug developer to attract partnerships or take ownership stakes in areas outside its traditional research.

HondaJet makes its debut

July 29, 2014

(The News & Record, Greensboro)

Honda Aircraft Co., which is based at Piedmont Triad International Airport, debuted its HondaJet at the Experimental Aircraft Association's AirVenture show in Wisconsin.

20 years later: BB&T-Southern National merger

July 28, 2014

(Winston-Salem Journal)

On Aug. 1, 1994, BB&T and Southern National announced a merger that would eventually make the combined bank one of the largest in the country.

ZeekRewards receiver goes after winners

July 28, 2014

(Winston-Salem Journal)

The receiver of ZeekRewards.com is requesting that four people who made money from the Lexington-based Ponzi scheme be forced to repay their profits.

Sales-tax holiday could make a comeback

July 28, 2014

(Winston-Salem Journal)

The N.C. Retail Merchants Association will examine the effects of not having a tax-free weekend this year. It was eliminated as part of the state legislature's tax overhaul.

Greensboro too south for Stone

July 28, 2014

(Greensboro News & Record)

Stone Brewing Co. told Greensboro officials the city was too far south for the California-based brewer's East Coast manufacturing and distribution facilities.

Lorillard investor sues to block Reynolds acquisiton

July 25, 2014

(News & Record, Greensboro)

A Lorillard investor seeking to represent all company shareholders has filed a lawsuit to stop Reynolds American's $27.4 billion acquisition of the Greensboro-based cigarette maker, according to a Bloomberg report.

Profits up at Winston-Salem-based Hanesbrands

July 24, 2014

(Winston-Salem Journal)

Hanesbrands reported a $154.6 million profit for the second quarter, driven by increased sales in apparel. That compares with $121.6 million a year ago. The company raised its 2014 earnings guidance by 40 cents.

Cambro begins hiring in Alamance

July 24, 2014

(The Times-News, Burlington)

Cambro will hire 60 people for jobs at its new production and distribution center in Mebane, which is expected to open in early 2015. The California-based company announced earlier this year it would invest $30.4 million in the plant and hire 300 workers. Cambro makes storage items for the food-service industry.

Heritage Home moving headquarters to High Point

July 23, 2014

(High Point Enterprise)

Heritage Home Group will move its headquarters from St. Louis to High Point, where it will employ about 300. Heritage Home was formed last year when KPS Capital Partners bought assets of Furniture Brands International out of bankruptcy.

Herbalife stock soars 25% after Ackman presentation

July 23, 2014

(Winston-Salem Journal)

Following hedge-fund manager Bill Ackman's attempt to expose Herbalife Inc. as a pyramid scheme in a three-hour presentation on Tuesday, investors seemed unfazed by his criticism and the company's stock rose $13.75 to $67.77. 

Greensboro's Natty Greene's expanding despite trademark battle

July 23, 2014

(News & Record, Greensboro)

Natty Greene's is undergoing a third expansion at its Greensboro brewery, and other cities have shown interest in the brand. Meanwhile, the brewer is battling Anheuser-Busch, which filed an opposition to its trademark application over the "Natty" name.

Triangle

Quintiles down despite exceeding expectations

August 1, 2014

(News and Observer, Raleigh)

Quintiles shares closed at $54.93, down $1.89, despite the Durham pharmaceutical services company beating analysts' earnings expectations in the second quarter.

Teacher raises come at a price

August 1, 2014

(News and Observer, Raleigh)

The 7% pay increase for North Carolina teachers will cost $282 million, money the state will get by cutting funding to health and welfare programs and other state spending.

UNC Board proposes cap on financial aid

August 1, 2014

(News and Observer, Raleigh)

A committee of the UNC Board of Governors approved a plan to cap annual tuition increases at 5% and limit the amount of tuition revenue that could be diverted to financial aid at 15%.

House closes the door on the governor's closing fund

July 31, 2014

(News and Observer, Raleigh)

Gov. Pat McCrory’s push to create a new incentive program to recruit new business met resistance in a House committee with lawmakers rejecting the Senate-approved measure.

New rules for rivers

July 31, 2014

(News and Observer, Raleigh)

The General Assembly agreed to replace rules that protect North Carolina’s rivers and streams with new regulations written by industry insiders and regulators.

Triangle unemployment hits six-year low

July 31, 2014

(News and Observer, Raleigh)

The jobless rate in Raleigh-Durham fell to 5% in June, its lowest level in six years and down from 7.2% the year before.

The Pantry soars on earnings report

July 31, 2014

(News and Observer, Raleigh)

Shares of the Cary-based convenience-store chain skyrocketed 15% Wednesday after it reported third-quarter earnings above analysts' expectations.

Martin-Marietta beats earnings estimates

July 30, 2014

(News and Observer, Raleigh)

Martin-Marietta Materials earned $1.34 per share in the second-quarter, beating analyst estimates of $1.29.

Variety Wholesalers plans southeast Raleigh grocery

July 30, 2014

(News and Observer, Raleigh)

Variety Wholesalers, the retail-store chain owned by Art Pope, bought a Kroger store in southeast Raleigh with plans to open a Rose's store and an adjacent supermarket.

Raleigh politicians settle on budget

July 30, 2014

(News and Observer, Raleigh)
Legislative leaders in Raleigh agree on a $21.3 billion budget that would boost starting pay for teachers to $35,000.

 

Cooper won't fight federal court ruling

July 29, 2014

(News & Observer, Raleigh)

N.C. Attorney General Roy Cooper says it would be "futile" to fight a U.S. Court of Appeals decision that struck down Virginia's ban on same-sex marriage. The final decision, he says, will most likely be made by the U.S. Supreme Court.

Duke deal expected to lower power costs in eastern N.C.

July 29, 2014

(The Charlotte Observer)

Duke Energy agreed to pay $1.2 billion for North Carolina Eastern Municipal Power Agency's stake in four power plants.The deal should allow Raleigh-based ElectriCities, which manages the agency, to eliminate 70% of its debt and lower power costs to its 270,000 retail customers.

Senate, House say they've reached a budget deal

July 28, 2014

(Raleigh News & Observer)

The North Carolina Senate and House have agreed to a budget that increases the salaries of state teachers by 7% and saves the jobs of teaching assistants.

The myth behind N.C.'s cut in jobless benefits

July 28, 2014

(The New York Times)

After eliminating jobless benefits for those unemployed 20 weeks or longer, North Carolina became a partisan player in the debate on economic policy. A closer look, however, reveals that it has performed similarly to neighboring states.   

American Underground to double space in downtown Durham

July 25, 2014

(WRAL TechWire)

American Underground, which operates three business incubators in the Triangle area, will double the size of its downtown Durham location, creating space for 50 additional startups. 

Eshelman resigns from UNC Board of Governors

July 25, 2014

(StarNews, Wilmington)

Fred Eshelman resigned from the UNC Board of Governors a year before his term was set to expire. Eshelman founded Wilmington-based PPD and Morrisville-based Furiex Pharmaceuticals, which was acquired by Dublin-based Actavis on July 2 for $1.1 billion.

PowerSecure gains new contracts totaling $140 million

July 24, 2014

(The News & Observer, Raleigh)

PowerSecure International announced contracts totaling $140 million, including $120 million of utility-scale solar projects. The Wake Forest-based company provides technology products and services to electric utilities. Its stock rose 12% on Wednesday.

Raleigh earns top spot on Forbes' list of best places for business

July 24, 2014

(The News & Observer, Raleigh)

Raleigh is No. 1 on Forbes magazine's list of best places for business and careers, up from the third spot last year. The city's high number of college-educated residents, proximity to Research Triangle Park and fewer regulations for small businesses were listed as reasons for earning the top spot.

VantageSouth, Yadkin post strong second quarter results

July 24, 2014

(The News & Observer, Raleigh)

Statesville-based Yadkin Bank and Raleigh-based VantageSouth Bank both posted gains in net income for the second quarter, with VantageSouth reporting a 67% increase from a year ago. The banks have a combined 74 branches after completing a merger on July 4. Combined, the two banks would have generated operating income of $15.5 million, excluding taxes and merger costs.

Zipper maker expanding in Oxford

July 23, 2014

(The News & Observer, Raleigh)

Ideal Fastener Corp. will invest more than $5.7 million in its Granville County plant and will add 155 jobs over five years. The second-largest zipper manufacturer in the world, Ideal employs 226 at its manufacturing headquarters in Oxford.

Eastern

Film incentives still alive

August 1, 2014

(Wilmington StarNews)

The N.C. House adopted an amendment Thursday to extend state film incentives till January 2016. It still must be approved by the state Senate.

Hanesbrands' Fayetteville distribution center will close by March 31

July 31, 2014

(Winston-Salem Journal)

Hanesbrands has set a March 31 deadline for the closing of the Fayetteville distribution center it acquired after buying Maidenform Brands last year.

State budget sets $10 million in firm incentives

July 30, 2014

(Star-News, Wilmington)

The state budget favored by Raleigh lawmakers includes $10 million in incentives for film projects, which industry officials criticized as paltry.

 

A privilege not to pay the privilege tax

July 29, 2014

(Wilmington StarNews)

A new law bans North Carolina municipalities from charging businesses a privilege tax beginning in 2015.

Belhaven mayor walks the walk for health care

July 29, 2014

(News & Observer, Raleigh)

The mayor of Belhaven in rural Hyde County recently walked to Washington, D.C., to raise awareness for the closing of the town's only hospital.

The film industry spends $268 million in N.C. in 2014

July 28, 2014

(Wilmington StarNews)

The movie industry spent $268 million in the state during the first six months of the year, according to the N.C. Film Office. That exceeds 2013's total-year spending.

UNC Wilmington partners with MARBIONC tenant

July 24, 2014

(StarNews, Wilmington)

UNC Wilmington formed a partnership with Ocis Biotechnology that will give the private company licensing rights for a product being developed at the school's MARBIONC center. Researchers at the marine biotech center are creating a topical product that will be used to treat wounds.

Duke Energy begins cleanup of former gas plant property in Kinston

July 23, 2014

(The Free Press, Kinston)

Duke Energy has begun cleaning up the site of a former manufactured-gas plant in Kinston that has been dormant for more than 60 years. The Charlotte-based utility plans to clean 14 such sites, where it used coal to manufacture gas for street lamps before natural gas became available.

Will anyone save Fayetteville's Prince Charles Hotel?

July 22, 2014

(The Fayetteville Observer)

A canceled auction for the historic Prince Charles Hotel in Fayetteville has downtown advocates speculating about plans for the property.

Reactions mixed over proposed Cumberland County chicken plant

July 21, 2014

(The Fayetteville Observer)

Local opinions are split over a proposed Sanderson Farms chicken plant that would create more than 1,000 jobs in Cumberland County. While the jobs would significantly lower the county's unemployment rate, critics are concerned over potential effects on groundwater and the smell the plant would generate.

Obama administration opens Eastern Seaboard to gas exploration

July 21, 2014

(WRAL.com)

President Obama will allow exploration for oil and gas beneath the ocean along the Eastern Seaboard. In a statement, Gov. Pat McCrory called the decision "an important step in the right direction toward more jobs for North Carolina and our country."

SXSW director to speak at Wilmington conference

July 18, 2014

(Greater Wilmington Business Journal)

Hugh Forrest will be the keynote speaker at the inaugural Coastal Connect conference of UNC Wilmington's Center for Innovation and Entrepreneurship in September. Forrest is the director of the South by Southwest Interactive Festival, held annually in Austin, Texas.

ABC series resumes production in Wilmington

July 17, 2014

(StarNews, Wilmington)

The ABC mystery series "Secrets and Lies" will begin production in Wilmington July 24. The pilot for the show, which stars Ryan Phillippe and Juliette Lewis, was filmed in the Porters Neck area in March. Nine more episodes will be filmed.

Owner of Leland oil company receives prison sentence

July 17, 2014

(StarNews, Wilmington)

The owner of P&W Waste Oil Services was sentenced to three and a half years in federal prison and must pay $21.37 million in restitution for mishandling used oil that contained PCBs. The Leland company sold the contaminated oil to another company.  

Sanderson Farms could bring poultry plant, 1,100 jobs to Cumberland County

July 16, 2014

(The Fayetteville Observer)

Sanderson Farms is considering Cumberland County for a chicken-processing plant that would employ 1,100 workers. The Mississippi-based company abandoned plans for a similar project in Nash County in 2012 after the city of Wilson and some residents filed lawsuits citing environmental concerns.

Record orders mean jobs, investment at New Hanover GE Aviation plant

July 15, 2014

(Greater Wilmington Business Journal)

Following a record-breaking year in 2013, GE Aviation's joint venture CFM International has taken orders totaling about $25 billion so far this year. The company's plant in Castle Hayne will get a $65 million upgrade and 35 new jobs to keep up with production.

Manufacturer could bring 1,000 jobs to Brunswick County

July 14, 2014

(Greater Wilmington Business Journal)

An unnamed company is considering investing $35 million in a manufacturing plant in Brunswick County that would create more than 1,000 jobs. The project is one of 13, mostly manufacturing-based, that local economic-development leaders are hoping to bring to the county.

Motion filed to extend case against Smith Advertising execs

July 11, 2014

(The Fayetteville Observer)

Lawyers have requested an extension in a Florida case alleging the owners of the former Smith Advertising & Associates were involved in a fraud scheme that bilked at least 74 people out of more than $55 million. The joint motion indicates the parties are attempting an out-of-court settlement.

Cape Fear Valley Health System seeks to expand

July 10, 2014

(The Fayetteville Observer)

Cape Fear Valley Health System has filed an application to add 34 beds to the existing 490 at its medical center in Cumberland County. The project would cost $30 million, according to the state Department of Health and Human Services.

Film advocates disagree with McCrory's claims of 'abuse' of film subsidies

July 10, 2014

(StarNews, Wilmington)

North Carolina film industry leaders don't agree with Gov. Pat McCrory's comments suggesting that the state's film-incentive program has been abused.