Business

Former GSK employees face layoffs at RTP

July 30, 2015

(WRAL TechWire)

Reports indicate up to 200 Parexel employees were laid off Wednesday, though the company would not confirm the cuts. The workers are former employees of GlaxoSmithKline, which said it in February it planned to transfer some of its workforce to the Boston-based life-sciences company.
Related: GSK shares rise after earnings beat estimates

Hanesbrands data breach affects 900,000

July 30, 2015

(Winston-Salem Journal)

Hanesbrands said about 900,000 online and telephone customers were affected by a data breach in June. A company spokesman said hackers accessed data including addresses, phone numbers and the last four digits of credit card numbers.

Red Ventures leases new space in Charlotte

July 30, 2015

(The Charlotte Observer)

Red Ventures has leased 97,599 square feet in the University area of Charlotte.The Indian Land, S.C.-based marketing company employs 400 at a nearby Charlotte location. The company announced earlier this month plans to hire 500 sales agents this summer; 40% of the jobs are expected to be in Charlotte.

Mergers boost 2Q results for First Citizens

July 30, 2015

(The News & Observer, Raleigh)

First Citizens BancShares reported a 67% increase in net income in the second quarter, from $26.7 million to $44.5 million. The Raleigh-based bank attributed the improved earnings to its acquisitions of South Carolina-based First Citizens Bancorporation and Trust and Atlanta-based Capitol City Bank and Trust.

All of NC meets air-quality standards

July 30, 2015

(The Charlotte Observer)

The entire state of North Carolina now meets federal air-quality standards for the first time since 1997. The EPA said Tuesday that Charlotte had met ozone standards – the last metro area in the state to do so. As a result, gas prices in the area are expected to drop.

Qorvo earnings fall short of expectations

July 30, 2015

(News & Record, Greensboro)

Qorvo, the Greensboro-based semiconductor company formed from the merger between RF Micro Devices and TriQuint, posted $2 million in profit for the second quarter, compared with $6.5 million in the first quarter. It's a sharp decline from the $43.8 million the combined companies posted in the second quarter of 2014. Revenue was 23.3% higher than the combined companies a year ago.

LabCorp posts strong 2Q results

July 29, 2015

(The Times News, Burlington)

LabCorp reported net income of $168.4 million for the second quarter, a 19% increase over $141.3 million the previous year. Revenue increased 46.3%, due in part to the Burlington-based company's $6 billion acquisition of New Jersey-based contract-research organization Covance.
Also: LabCorp names new executive vice president for Covance

Former CFCC president could face criminal investigation

July 29, 2015

(StarNews, Wilmington)

Former Cape Fear Community College president Ted Spring awarded raises and promotions without approval of the board of trustees and used at least $35,993 for personal expenses, according to a report by the N.C. Office of the State Auditor. Spring resigned abruptly in January, later demanded to be reinstated and filed a lawsuit against the school.

Citrix CEO to retire; company may spin off GoTo products

July 29, 2015

(The News & Observer, Raleigh)

Citrix Systems announced that CEO Mark Templeton will retire once a successor is named. Templeton has been CEO of the software company since 2001. Citrix, which employs about 600 in Raleigh, said it is considering a sale or spinoff of its GoTo products, including GoToMeeting, amid pressure from an activist investor.

NTE Energy breaks ground on Kings Mountain power plant

July 29, 2015

(The Shelby Star)

Florida-based NTE Energy broke ground Tuesday on a new natural-gas power plant in Kings Mountain. The plant is expected to be operational by the first quarter of 2018. The city expects to save between $7 million and $8 million a year by 2019 by purchasing energy from NTE.