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Carolina Theatre launches $2.5M fundraiser

Supporters of the historic Carolina Theatre in downtown Greensboro have launched a $2.5 million fundraising campaign to renovate the interior of the 90 year-old building. So far, nearly $1.3 million has been raised, led by a $500,000 gift from Betty Cone, a longtime champion of the theater. Funds will go toward updates to the auditorium […]

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Video Visitation Launches at the Durham Jail Next Month

The Durham County Detention Facility is implementing video visitation on October 15, the Sheriff’s Office announced this morning. The pilot program has been in the works since 2013, when Durham County commissioners, without discussion, accepted a Justice Department grant to fund the program. The plan has been a source of concern for activists protesting conditions […]

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Herbalife launches share buyback, stock jumps 10%

Nutritional supplement company Herbalife says recent talks to go private have ended without a deal, and the company has launched an offer to repurchase up to $600 million of its stock at $60 to $68 per share. Herbalife says that Carl Icahn, the company’s largest shareholder, and Herbalife executives won’t tender shares in the offer. […]

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First Citizens launches $46M hostile takeover bid

First Citizens Bank has launched a $46 million hostile takeover of KS Bank, a bank with nine branches in the greater Triangle and Eastern North Carolina. Raleigh-based First Citizens is offering $35 per share in cash, or about $45.8 million, to acquire KS Bank’s corporate parent, Smithfield-based KS Bancorp Inc. First Citizens said it was […]

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