New Jersey company won't buy Coty plant in Rocky Point

(Wilmington Star News)

New Jersey-based Medicia Holdings won't buy the Coty cosmetics plant in Rocky Point. Coty plans to close the plant's distribution center, which employs 99, in November. The future of the 357 manufacturing workers there remains unclear.

Lumbee Tribal Council signs contract with gaming consultant

(The Fayetteville Observer)

The Lumbee Tribal Council has ended its relationship with a Robeson County native who has spearheaded its efforts to gain federal recognition for more than 20 years and signed a contract with Nevada-based Lewin International, a casino-consulting firm. The council says Lewin will head its recognition efforts in exchange for the right to develop restaurants, hotels, stores and theme parks on tribal land.

Jordan outlines plans for Bobcats

(The Charlotte Observer)

Michael Jordan confirmed Thursday that he now owns about 80% of the Charlotte Bobcats. He is the first former player to own the majority interest in an NBA team. He says it is not unrealistic for the team to win a league championship.

Dex One receives $450,000 from the state

(News & Observer, Raleigh)

Dex One, the Cary-based yellow-pages publisher formerly known as R.H. Donnelley, received $450,000 from a state incentives program after exceeding its hiring goals. It had to create 220 jobs, invest $2.5 million in capital improvements and pay an average annual wage of $50,000 for the new jobs to get the maximum payment. Instead, it hired 268, invested nearly $8.3 million and paid average annual salaries of $106,000. Two other companies didn't meet goals and didn't receive grants.

Parkdale Mills to buy competitor's assets

(The Gaston Gazette, Gastonia)

Gastonia-based Parkdale Mills has signed an agreement to buy the assets of former competitor Wellstone Mills, three factories in Lavonia, Ga., and one in Gaffney, S.C. Terms of the deal, which won't be complete until Wellstone settles a legal battle over the Gaffney plant, weren't announced.