Headline Roundup: Charlotte Home Prices Up, Murdock Pledges $15mil /Year To Research Institue, More
Charlotte area home prices rose 3.6 percent in July, compared to the same month a year ago. Home prices nationwide were up 6.7 percent.
The Standard and Poors Case-Shiller data released today shows that growth was lower compared with June.
McCrory's Attorney Bills State $300,000
The outside attorney haired by Governor McCrory to represent him in a federal lawsuit challenging North Carolina's new voting law has billed the state $300,000. McCrory hired South Carolina attorney Karl "Butch" Bowers last year.
The governor's office said McCrory made the decision to use outside counsel after state Attorney General Roy Cooper said he opposed the changes. The governor's spokesman says it's disappointing that McCrory needs an outside attorney to defend a law protecting the integrity of elections.
Attorney General Cooper's office is representing the state in the case. State legislators hired a private law firm in Raleigh.
Family Dollar: State AGs Investigating Proposed Merger
Family Dollar says certain state attorneys general are investigating the company's proposed merger with Dollar Tree as well as Dollar General's takeover bid. That's according to a Family Dollar filing with the Securities and Exchange Commission. Both North and South Carolina attorneys general say they are not involved in the investigation.
Family Dollar has refused three buyout offers from Dollar General, claiming federal regulators would not approve the deal. The Matthews-based discount retailer prefers a cash-and-stock merger with Dollar Tree. Dollar General has taken it's all-cash offer directly to Family Dollar shareholders.
Murdock Pledges $15 Million A Year To Research Institute In Kannapolis
David Murdock will donate $15 million a year in perpetuity to the Murdock Research Institute in Kannapolis. The billionaire and owner of Dole Foods founded the institute in 2005 at a former Dole plant. It is the core laboratory of the North Carolina Research Campus.
Murdock says the donation will create an endowment and is intended to demonstrate his commitment to the project. Some of the money will be used to lure a high-profile scientist who will serve as president.
The Murdock Research Institute primarly studies the benefits of good nutrition and a diet high in fruits and vegetables.