Business

Unique Loom to expand to Indian Land, create 245 jobs

Home-decor distributor Unique Loom plans to expand to Indian Land, S.C., about 6 miles south of Charlotte’s Ballantyne area, creating 245 new jobs over four years. The move will allow the home design hub to transfer another 90 jobs from its Fort Mill headquarters, for a total of 335 jobs at the Indian Land location. Unique Loom’s […]

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Lowe’s to buy maintenance supplies retailer for $512M

Mooresville-based Lowe’s Cos. Inc. has agreed to purchase a Texas-based retailer of maintenance supplies for $512 million, a move that will allow Lowe’s to expand its sales to construction contractors. Maintenance Supply Headquarters, based in Houston, operates 13 distribution centers, mainly in the western, southeastern and south-central United States. The company has a portfolio of […]

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Regulators question Duke Energy on plans for Lee nuclear plant

N.C. regulators want answers — including a new cost estimate ­— on Duke Energy Corp.’s plans for its proposed Lee Nuclear Station near Gaffney, S.C. The N.C. Utilities Commission has given Charlotte-based Duke just 60 days to give detailed responses on more than a dozen questions about its plans and what effect the Chapter 11 […]

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Thermo Fisher to acquire Patheon in $7.2B deal

Thermo Fisher Scientific will acquire Durham-based pharmaceutical-services company Patheon in a deal valued at $7.2 billion, or $35 per share. The price includes the assumption of $2 billion of debt. Patheon, which employs nearly 2,000 in North Carolina, manufactures and packages drugs for biopharmaceutical companies. The company raised $640 million when it went public in June […]

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