Business

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.

Durham company breaks ground on zero-emissions power plant

April 11, 2016

(The News & Observer, Raleigh)

NET Power broke ground last month on what the company says is the world's first zero-emissions power plant. The 25-megawatt plant, near Houston, Texas, expects to start generating energy in March 2017. The plant captures carbon dioxide that would otherwise be released into the air and stores it for injection underground or industrial uses.

3 Yadkin Financial execs got big raises in 2015

April 11, 2016

(Winston-Salem Journal)

Yadkin Financial CEO Scott Custer received a 107.7% raise in 2015 as his salary increased to $519,231. Custer's total compensation was $1.3 million, up 95.1% from 2014. CFO Terry Earley and Steven Jones, chief banking officer, also got 107.7% salary increases. Raleigh-based Yadkin has about $7.3 billion in assets and 110 branches following last month's acquisition of Greensboro-based NewBridge Bancorp, though plans call for shedding up to 11 branches in overlapping markets.

Harris Teeter leads Charlotte grocery market

April 11, 2016

(The Charlotte Observer)

Grocery wars are heating up in Charlotte, and the latest market share rankings show Harris Teeter is in the top spot with 19.4%. Food Lion is second, while Wal-Mart Supercenter fell from No. 1 in 2014 to No. 3. However, Wal-Mart leads with 26.6% market share when its Supercenters, Sam's Clubs and Neighborhood Markets are combined. Florida-based Publix was fourth with a 6% market share.

Wood-pellet domes almost complete at Port of Wilmington

April 11, 2016

(StarNews, Wilmington)

Two white, 170-foot-tall domes at Port of Wilmington are nearly ready for use by Enviva, a Maryland-based company that will store wood pellets inside them for shipment to Europe. The pellets are produced at a plant in Sampson County. The company expects to begin shipping by the end of the third quarter.

Construction values rise in Cabarrus County

April 11, 2016

(Independent Tribune, Concord)

Cabarrus County issued 752 building permits valued at $134.5 million, higher than the $123.1 million for the same period a year ago and more than double the $57.6 million in 2014. Single-family construction remained strong, with permits issued for 351 homes worth $51.4 million.

Hanesbrands to buy Champion Europe

April 8, 2016

(Winston-Salem Journal)

Hanesbrands will buy Champion Europe in an all-cash deal valued at $228 million, a move that will allow the Winston-Salem-based company to better promote the athletic apparel brand globally. Hanesbrands recently paid $30 million to reacquire the rights to Champion in Japan. The company predicts global Champion sales will reach $2 billion by 2021 or 2022.