Business

Winston-Salem’s GMAC building slated for redevelopment

Winston-Salem business leader Don Flow and Grubb Properties will redevelop the former GMAC building and an adjacent site on Fourth Street in downtown Winston-Salem into a business start-up center and retail and residential project that includes 240 apartments. Charlotte-based Grubb Properties has committed to making 30% of the units workforce housing.

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3M pays $2B for Monroe-based safety products firm

3M Co. has agreed to buy Scott Safety from Johnson Controls Inc. for $2 billion, adding 1,500 employees and $570 million in annual sales. Scott, based in Union County near Charlotte, is among the nation’s largest maker of personal security products, including breathing and gas-detection equipment. Key Scott customers include firefighters and oil and gas companies. […]

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Charlotte Observer taps new editor amid media industry turbulence

If you want to run The Charlotte Observer, your train ticket may need to get punched in Wichita, Kansas. The state’s biggest newspaper this week said Managing Editor Sherry Chisenhall, 53, would succeed Rick Thames, 62, as editor on April 1. Thames was a  senior Observer editor who did a stint in Wichita before returning […]

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Daughtry, Tata among bidders for UNC System board seats

Fourteen people were nominated to serve on the UNC System Board of Governors, one of the state’s most powerful boards. Nominees include former Republican lawmakers Rob Bryan of Charlotte and Leo Daughtry of Smithfield and former McCrory Administration official Tony Tata. The 32-member board is being trimmed to 28 over the next two years in […]

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