Business

IBM layoffs have begun at RTP

January 29, 2015

(The News & Observer, Raleigh)

Job cuts are underway at IBM locations across the nation, including at Research Triangle Park. The company previously confirmed it would lay off thousands of workers, though it declined to provide details. For the last several years, IBM has refused to disclose how many workers it has at RTP or details of past layoffs.

Rite Aid moving 350 jobs from Charlotte to SC

January 29, 2015

(The Charlotte Observer)

Rite Aid will close its Charlotte distribution center and consolidate operations in a $90 million center it is building in Spartanburg, S.C. Affected workers can apply for jobs at local Rite Aid stores or at the new South Carolina location, which is expected to open by March 2016.

Shareholders approve tobacco merger

January 29, 2015

(Winston-Salem Journal)

Shareholders overwhelmingly approved Reynolds American's proposed $27.4 billion acquisition of rival tobacco company Lorillard. Pending FTC approval, the companies expect the deal to close in the first half of this year.

Other Mecklenburg towns want Google Fiber

January 29, 2015

(The Charlotte Observer)

Mecklenburg County residents outside of Charlotte − including in Huntersville and Mint Hill − want Google to bring its ultrafast Internet network to their towns as well. About 200,000 of the county's nearly 1 million residents live outside of the city limits.

SAS revenue reached $3.09 billion in 2014

January 29, 2015

(The News & Observer, Raleigh)

SAS' 2014 revenue totaled $3.09 billion, up from $3.02 billion in 2013. Revenue from the Cary-based software company's cloud business rose 24% in 2014. SAS added 193 workers last year at its headquarters, where it employed 5,353 at year-end.

Ecolab adding 45 jobs in Greensboro

January 29, 2015

(News & Record, Greensboro)

Ecolab will add invest $10 million and add 45 jobs over three years in its Kay Chemical business in Greensboro. The company makes cleaners for restaurants and convenience stores and employs more than 490 people.

NASCAR Hall sponsorships drop to $110,000

January 29, 2015

(The Charlotte Observer)

Sponsorship revenue at the NASCAR Hall of Fame in Charlotte has dropped from $1.5 million in 2012 to $110,000 for the fiscal year beginning in July, which could help explain why Bank of America and Wells Fargo agreed to write off $17.6 million in debt and accrued interest from a museum loan.

Duke Realty selling Triangle office buildings for $1.1B

January 29, 2015

(The News & Observer, Raleigh)

The Triangle's second-largest landlord will sell all 23 of its local office buildings as part of a $1.1 billion portfolio sale that includes 62 properties in four states. Indianapolis-based Duke Realty will sell the properties, including Morrisville's Perimeter Park, to a joint venture led by Starwood Capital Group.

BB&T resolves account-balance issue

January 29, 2015

(Winston-Salem Journal)

BB&T said a glitch that caused its website to display incorrect account balances has been resolved. A spokesman said the issue, which began over the weekend, was not the result of a cybersecurity attack. 

Job cuts likely at Goodyear's Fayetteville plant

January 29, 2015

(The Fayetteville Observer)

Goodyear Tire & Rubber may be laying off at least 30 to 40 of its 2,500 workers at its Fayetteville tire-manufacturing plant, according to source at the company. Goodyear has not confirmed the job cuts.