Business

This category contains 791 posts
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TDS plans to buy Continuum for $80 million

  Aug. 14. By Dave Vieser. TDS Broadband Services, one of the nation’s largest telephone, broadband and television services, has a tentative agreement to purchase Continuum for $80 million. Mooresville-based Continuum is the municipally owned cable system that serves customers in Davidson, Mooresville and Cornelius. The deal, which must be approved by voters in Davidson […]

Mooresville outfit adopts ESOP to help spur growth

AMS Retail Solutions says a new ESOP and a new contract with Samsung Home Appliances will help the Mooesville company to double its size to 1,000 employees. In the past nine months, AMS has acquired its largest customer by “having the industry’s best workforce and capabilities,” said AMS chairman and chief operating officer Bruce Ballard. […]

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Sale of Continuum may fetch $80 million

Aug. 12. By Dave Yochum. It looks like Continuum, the new name of MI-Connection, could fetch $80 million in a proposed sale that will be outlined at the Davidson Town Board meeting Tuesday night. That’s what the towns of Davidson and Mooresville paid to take over a piece of the old, scandal-plagued Adelphia system back […]

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High-end real estate firm establishes beachhead in Mooresville

Aug. 8. HM Properties has acquired Anchor Real Estate in Mooresville, adding a third office to the SouthPark-based firm, according to Valerie Mitchener, owner and broker-in-charge. Josh Tucker, former owner of Anchor, will stay on as broker in charge of HM’s Lake Norman office. HM has an established niche in the high-end market on Charlotte’s […]

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JPMorgan Chase expanding into NC

Aug. 7. Cornelius​ and Chapel Hill are part of JPMorgan Chase Bank​’s rollout in North Carolina. The big bank—one of the largest in the world—plans a branch on prime corner property at Jetton and West Catawba​, just outside The Peninsula.​ While it could be many months before ground-breaking in Cornelius, JPMorgan Chase plans up to […]

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Cornelius estate will be on ‘Selling Mega Mansions’

  Aug. 7. By Dave Yochum. Hollywood comes to Cornelius on Friday when a TV production team from “Selling Mega Mansions” films an estate at 21123 Torrence Chapel Road. The pricetag: $4.25 million. Pam Boileau, a Cornelius resident herself, has the listing for the 8,250-square-foot home. The 8,250 square foot mansion sits on five acres, […]

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Opioid crisis has major implications for business

Aug. 7. By Dave Vieser. The opioid epidemic continues to loom large in North Carolina business and industry, although dispensing here has decreased by 24% since 2017. Fifteen states have passed laws limiting opioid prescribing for acute pain to a 7-day supply. Arizona, North Carolina, and New Jersey limit initial prescribing to 5 days. Prescriptions […]

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Burke-Samson opening bakery next to Kindred

Justin Burke-Samson, the manager of the Davidson Farmers Market, will open a bakery called Bonjour Y’all next door to the Kindred restaurant where he was previously executive pastry chef. Bonjour Y’all replaces Gateau on Main Bakery and Dessert Bar in 700 square feet downtown. Gateau on Main will close in early August. The menu and […]

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Sprizzi not coming to Cornelius after all

Aug. 5. By Dave Yochum. Plans for the much-heralded Sprizzi Bev-Co. operation in the old Michael Waltrip Raceworld complex on Liverpool have fizzled out. An unnamed entity is buying Sprizzi for an undisclosed amount, according to Tim Goff, the president and CEO of Sprizzi. In December, Cornelius officials said they expected Sprizzi would create 250 […]

Former NC  Sen. Jeff Tarte and William Wright, MD, an addiction specialist at Atrium

Billion-dollar industry becomes more legitimized every day

By Erica Batten. The question of whether to legalize the medical use of marijuana is about more than just the health effects, but the potential for cannabis products to treat chronic pain, anxiety, insomnia and inflammation, among other potential medicinal benefits, is what typically starts the conversation. Medical marijuana is already legal in 15 states, […]

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