Business

Justin Burr places claim as state’s foremost judicial reformer

Perhaps N.C. Rep. Justin Burr, a bail bondsman from Stanly County, could soon be known as the John Marshall or Louis Brandeis or Antonin Scalia — pick your favorite judicial reformer — of North Carolina jurisprudence. Burr has filed a bill that would change the election districts of the state’s judges, almost single-handedly changing the […]

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Georgia bank to acquire Four Oaks Fincorp for $124M

Four Oaks Fincorp Inc., a 14-branch bank based in Johnston County, is being acquired by United Community Banks Inc. of Georgia in a $124 million cash and stock deal. United operates 134 offices in the Carolinas, Georgia and Tennessee. Four Oaks is the second Triangle-based bank to be acquired this year. In April, Raleigh-based Paragon […]

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BMW to invest $600M in S.C. plant, add 1,000 jobs

German automaker BMW will add 1,000 jobs and invest $600 million in its Spartanburg, S.C., plant in an effort to boost annual production to as many 450,000 vehicles. BMW’s facility in Spartanburg is already the company’s largest final assembly plant in the world, employing some 9,000 and building more than 411,000 SUVs and crossovers last […]

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Is N.C. ready to write big check for $10B Foxconn plant?

Taiwanese manufacturing giant Foxconn may be the first company to take advantage of a North Carolina plan to offer large incentives to companies planning expansions of more than $4 billion. The change, included in the budget recently approved by state lawmakers, is aimed at luring projects like the one under consideration by Foxconn, which is mulling […]

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