Business

Lenovo PC shipments jump in the U.S.

April 13, 2016

(The News & Observer, Raleigh)

Amid an industry-wide decline in demand for PCs, a bright spot for Lenovo is the U.S. market, where the computer-maker's shipments jumped more than 20% in the first quarter. Lenovo's worldwide shipments fell 8.5%; worldwide PC shipments by all companies fell 11.5%, according to a report by market research firm IDC.

New York firm buying Hatteras Financial for $1.5B

April 12, 2016

(Winston-Salem Journal)

Annaly Capital Management will pay $1.5 billion in cash and stock for Winston-Salem-based Hatteras Financial, a publicly held real-estate investment trust. Hatteras' portfolio is primarily in adjustable-rate mortgage securities. The deal is expected to close Sept. 30.

Durham drug developer files for IPO

April 12, 2016

(The News & Observer, Raleigh)

Viamet Pharmaceuticals filed plans for an initial public offering. Co-founded by former UNC Chapel Hill Chancellor Holden Thorp, the company doesn't have any drugs on the market. Viamet shelved plans for an IPO in 2014 after raising $60 from private investors. Its leading drug candidate is a treatment for yeast infections and toenail fungal infections.

Overflow crowd turns out for public hearing on CSX project

April 12, 2016

(WRAL.com)

Linwood Parker, mayor of Four Oaks, said he will push for landowners to be treated fairly if CSX decides to bring a $272 million cargo hub to the Johnston County town. Town officials contacted CSX after an original plan to build the project near Selma fell through.

Report: Asheville rents are highest in the state

April 12, 2016

(Asheville Citizen-Times)

The median rent for a two-bedroom apartment in Asheville is $1,180 a month, up 7.6% from a year ago, according to San Francisco-based Apartment List. Charlotte and Durham are second and third, with median rents of $1,140 and $1,100 respectively.

Lash Group opens new SC headquarters

April 12, 2016

(The Charlotte Observer)

The Lash Group held a ribbon-cutting ceremony on Monday at its new headquarters in Fort Mill, S.C. The company moved 1,200 jobs from Charlotte and hopes to double its workforce, adding another 1,200 by 2020. An AmerisourceBergan company, Lash Group provides patient support services for the health care industry.

CLT is 5th-busiest airbort in nation, 6th-busiest in world

April 12, 2016

(The Charlotte Observer)

Charlotte Douglas International Airport is now the fifth-busiest airport in the U.S. and the sixth-busiest in the world, based on takeoffs and landings. The number of travelers increased 1% in 2015 to 44.9 million, though about 80% of passengers use the airport for connecting flights. The airport is ranked ninth-busiest by passengers.

Medical-products manufacturer opens HQ in Pitt County

April 12, 2016

(The Daily Reflector, Greenville)

DR Burton Healthcare Products will open its headquarters and manufacturing center in a 29,000-square-foot space in Farmville, aided by a building reuse grant from the N.C. Commerce Department. The company makes surgical and respiratory products. The company didn't say how many people it plans to hire.

Individual attendance down at High Point Market

April 11, 2016

(Greensboro News & Record)

The number of companies registered for the biannual trade show is about the same as last spring, but the number of individuals representing the companies is down about 4%, according to CEO Tom Conley. He says the decline in attendance is unrelated to HB2, though dozens of companies have said they won't attend the market over the bill's passage. The impact of HB2 won't be clear until after the market concludes on April 20.

Developers reveal plans for massive 'River District' in southwest Charlotte

April 11, 2016

(Charlotte Agenda)

Crescent Communities and Lincoln Harris filed paperwork with the city of Charlotte for a new development that could be roughly the same size as Ballantyne. Tentatively called the "River District," it encompasses more than 1,300 acres between the airport and the Catawba River. Residential districts, including up to 1,700 houses, will be located along the river, and a "town center" will include 1 million square feet of office space and 300,000 square feet of retail/restaurant space. Plans call for a public waterfront area, a greenway and a "wildlife preserve" of at least 75 acres.