Business

Novozymes to hire 100 at new Cary research center

April 24, 2014

(The News & Observer, Raleigh)

Danish biotech company Novozymes will hire 100 people at a new research and development center it plans to build in Cary. The company could receive up to $2.3 million in incentives if it meets hiring goals and invests at least $36 million in the new lab. Novozymes also will invest $30 million in upgrades at its North American headquarters in Franklinton.

FDA: Prohibit e-cigarette sales to minors, add health labels

April 24, 2014

(The Charlotte Observer)

The Food and Drug Administration will announce today a proposal to regulate electronic cigarettes that would prohibit sales to minors and require health labels stating that nicotine is addictive. The federal agency will not move immediately to ban flavored e-cigarettes – controversial because of their appeal to minors – or impose marketing regulations.

VantageSouth posts first quarter net income of $1.7 million

April 24, 2014

(The News & Observer, Raleigh)

VantageSouth Bancshares earned $1.7 million in the first quarter, compared with a net loss of $1.2 million a year ago. Chief Financial Officer Terry Earley said the bank's acquisition of East Carolina Bank, completed in April 2013, impacted its earnings profile.

Harris Teeter lowers prices after Kroger acquisition

April 24, 2014

(The Charlotte Observer)

Harris Teeter reduced prices on items in its grocery, perishable and organic foods departments at some stores as a result of its recent acquisition by Cincinnati-based Kroger Co. Harris Teeter, which has corporate offices in Matthews, was bought by Kroger for $2.5 billion in January.

Asheville's Moogfest gets started with discussion on economic development

April 24, 2014

(Asheville Citizen-Times)

This week's five-day Moogfest festival kicked off Wednesday with a panel discussion on how to attract new jobs – particularly those in technology and innovation – to the region in a changing economy. 

Wary of budget cuts, NCCU to eliminate 55 positions

April 24, 2014

(The Herald-Sun, Durham)

North Carolina Central University will eliminate 38 vacant positions and lay off 17 employees in anticipation of state budget cuts. Chancellor Debra Saunders-White said the university is expecting a 2% to 3% cut in funding. Affected workers will be notified the first week of May.

Ousted CertusBank executives sue over dismissals

April 24, 2014

(The Charlotte Observer)

Three co-founders of Greenville, S.C.-based CertusBank who were fired over investors' claims of improper spending have filed a lawsuit protesting their dismissal. 

Students join protest against William Peace president

April 24, 2014

(WRAL.com)

Students at William Peace University will hold a peaceful demonstration to show disapproval of school President Debra Townsley. Faculty have expressed concerns over Townsley's handling of the Raleigh university's transition to a co-ed campus and staffing cuts.

Cary country club sold for $3.4 million

April 24, 2014

(The News & Observer, Raleigh)

Cary's MacGregor Downs Country Club has been acquired by Newport Beach, Calif.-based Concert Golf Partners for $3.4 million. The Newport Beach, Calif.-based company, which owns other courses in Florida, Maryland and Oklahoma, plans to make major capital improvements to the club.

President of Campbell University to retire in 2015

April 24, 2014

(The Fayetteville Observer)

Jerry Wallace, president of Campbell University since 2003, will retire June 30, 2015. He plans to take a one-year sabbatical and then return as university chancellor beginning July 1, 2016.