Business

Ralls leaving NC community college system

April 17, 2015

(The News & Observer, Raleigh)

Scott Ralls, who has led North Carolina's 58-member community college system since 2008, is leaving to lead a six-campus community college in northern Virginia.

3 NC hospitals achieve high marks in patient satisfaction

April 17, 2015

(The Charlotte Observer)

In Medicare's first-ever star ratings for patient satisfaction, three North Carolina hospitals achieved the highest rating of five stars: 25-bed Chatham Hospital in Siler City, 18-bed North Carolina Specialty Hospital in Durham and 494-bed FirstHealth Moore Regional Hospital in Pinehurst.
Related: Triangle hospitals rate high in patient satisfaction

Apple buys forest land in Brunswick County

April 17, 2015

(StarNews, Wilmington)

Through a partnership with nonprofit environmental group The Conservation Fund, Apple has acquired more than 3,600 acres of forest land in Brunswick County. The California-based company plans to harvest timber using sustainable practices and use it in packaging for products including iPhones, iPads and Apple TVs.
Related: Apple to invest in solar projects, forests

Specialty grocer to open at Charlotte's SouthPark mall

April 17, 2015

(The Charlotte Observer)

Reid's Fine Foods will open its third Charlotte-area location in an 8,200-square-foot space at SouthPark mall. The location, which is expected to open by Oct. 1, will feature indoor and outdoor dining. Owner Tom Coker says the specialty-foods retailer hopes to expand outside of Charlotte into Winston-Salem, the Triangle and South Carolina.

Davidson County OKs incentives for company expansion

April 17, 2015

(Winston-Salem Journal)

Davidson County commissioners approved an incentive package totaling $175,000 for an unnamed, existing business in the county to add 170 jobs over five years. The company would invest $13 million over two years.

Targacept drug fails clinical trial

April 17, 2015

(Winston-Salem Journal)

Winston-Salem-based Targacept will end development of a drug-compound treatment for a gastrointestinal disorder following a failed clinical trial. The Winston-Salem-based company said in March it would be acquired by California-based Catalyst Biosciences, though that deal could be in jeopardy following Pfizer's decision in April to end a licensing agreement with Catalyst.

Cary to consider incentives for corporate relocation

April 17, 2015

(The News & Observer, Raleigh)

The Cary Town Council is considering granting incentives to an unnamed company that could move its headquarters there. The company would bring 47 jobs with an average annual salary of $85,000. The N.C. Commerce Department is negotiating with the company.

Company buys 46,000-square-foot industrial space in Leland

April 17, 2015

(Greater Wilmington Business Journal)

A company named Barn Creek LLC bought a 46,000-square-foot, bank-owned industrial building in Leland for $575,000. The warehouse has about 4,500 square feet of office space and sits on about 3 acres. The buyer's plans for the property are unknown.

Former CEO of Piedmont Triad Partnership under investigation

April 16, 2015

(Winston-Salem Journal)

The Piedmont Triad Partnership said Wednesday that former CEO David Powell is being investigated regarding possible financial irregularities. Officials at the regional economic-development group said they learned of the irregularities after Powell resigned in January.

Study: Raleigh No. 2 in tech-related job growth

April 16, 2015

(WRALTechWire)

The Raleigh metro area ranked No. 2 behind Austin, Texas on a Forbes study of cities with the highest growth rate in the technology sector between 2004 and 2014. Tech-related jobs in Raleigh grew 62.3%, according to the report. Raleigh ranked first in job growth related to STEM (science, technology, engineering and math) skills.