Business

Biogen Idec adding 100 jobs in Triangle

January 30, 2015

(The News & Observer, Raleigh)

Biogen Idec plans to add 100 jobs in Durham and Morrisville to meet demand for its products, which include treatments for multiple sclerosis and hemophilia. The Cambridge, Mass.-based biotech company employs 1,300 in the Triangle.

CommunityOne eyes acquisitions

January 30, 2015

(The Charlotte Observer)

After posting five profitable quarters in a row, Charlotte-based CommunityOne Bank is looking to acquire or merge with other lenders. The bank, formed in 2013 after merging with Bank of Granite, plans to close six branches this year in a cost-cutting effort.

Novant to manage Lenoir Memorial Hospital

January 30, 2015

(The News & Observer, Raleigh)

Lenoir Memorial Hospital plans to sign a management agreement with Winston-Salem-based Novant Health this spring. Under the terms of the initial proposal, Gary Black will remain CEO of the 261-bed hospital. Lenoir posted an operating loss of nearly $14 million over the last five years, according to public filings.

Citrix to lay off 900 workers

January 30, 2015

(The News & Observer, Raleigh)

Citrix Systems plans to lay off 900 of its 9,500 workers worldwide, though it's unclear whether any of the software company's 600 workers in Raleigh will be affected. Santa Clara, Calif.-based Citrix acquired Raleigh-based Sharefile in 2011 and opened a new, 170,000-square-foot office in the city's warehouse district last fall.

Hanesbrands reports 177% increase in net income

January 30, 2015

(Winston-Salem Journal)

Hanesbrands reported a 177% increase in net income for the fourth quarter, to $89.4 million compared with $32.3 million a year ago. The Winston-Salem-based company's recent acquisitions of Maidenform Brands and DBApparel bolstered revenue, which was up 18.4% to $1.52 million for the quarter.

No end in sight for migration to Asheville

January 30, 2015

(Asheville Citizen-Times)

Asheville's population is growing at a rate of about three people a day, and the city will gain about 3,000 new apartment units over the next two years. The metro area, which includes Buncombe, Haywood, Henderson and Madison counties hasn't lost population in more than four decades.

Five defendants sentenced in Operation Wax House

January 30, 2015

(The Charlotte Observer)

Five defendants were sentenced for their role in the Operation Wax House mortgage-fraud case in south Charlotte and Waxhaw. According to the United States Attorney's Office of the Western District of N.C., 89 people have pleaded guilty or have been convicted since the investigation began in 2007. 

Family Dollar CEO selling company shares

January 30, 2015

(The Charlotte Observer)

The CEO of Family Dollar Stores plans to divest 1 million to 2 million shares of the Matthews-based company's stock over the next 10 days. Howard Levine currently owns about 7.8% of the company's outstanding stock and is its largest individual shareholder.

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.

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.