Business

CSX plans $272 million cargo hub in Johnston County

January 15, 2016

(The News & Observer, Raleigh)

The 450-acre intermodal railroad terminal could attract new employers to eastern N.C. and move more goods through the Port of Wilmington. Jacksonville, Fla.-based CSX is seeking $100 million from the state to help finance the project, which will create 300 construction jobs.
Also: Proposed CSX intermodal terminal would mean boost for port

Report: NC startups raised $675M in 2015

January 15, 2016

(WRAL TechWire)

North Carolina-based companies raised $675 million in venture capital funding in 2015, according to the latest MoneyTree report from PricewaterhouseCoopers, the most since 2000 when the "dot com" boom produced $1.8 billion. The figure is even greater, according to the Council for Entrepreneurial Development's Dhruv Patel, when accounting for funds from angel and private investors.

Lowe's to hire 46,000 seasonal workers

January 15, 2016

(The Charlotte Observer)

Mooresville-based Lowe's is betting on an improved housing market by planning to hire 15% more seasonal workers than last year. The home-improvement retailer, which employs about 265,000 people at more than 1,800 stores, is hiring now for jobs that will start in February.

China's Haier buying GE appliance business

January 15, 2016

(WRAL.com)

China's Haier Group will buy General Electric's appliance business for $5.4 billion. Electrolux, which has its North American headquarters in Charlotte, abandoned plans to acquire the unit in December after the federal government raised antitrust concerns. GE Appliances is based in Louisville, Ky. Parent company GE recently said it chose Boston over North Carolina for its new headquarters and 800 jobs.

Bald Head officials seek bigger buffer for wind turbines

January 15, 2016

(StarNews, Wilmington)

Brunswick County and Bald Head Island officials are concerned that potential wind-energy developments will be visible from "Old Baldy" lighthouse. Under a federal plan, wind leases could be available as close as 12.7 miles from the lighthouse.

Duke Energy's Weber moving to Lowe's

January 15, 2016

(The Charlotte Observer)

Jennifer Weber, 49, will become chief human resources officer at Lowe's, overseeing the Mooresville company's 265,000 employees. Weber has worked for Duke Energy since 2008 and was most recently executive vice president of external affairs and strategic policy.

Winston-Salem's Novant partners with CVS Health

January 15, 2016

(Winston-Salem Journal)

CVS will be able to exchange electronic health records including patients' prescription pickups and MinuteClinic visit summaries with Novant Health's doctors.

Wells Fargo cuts 39 technology jobs in Charlotte

January 15, 2016

(The Charlotte Observer)

The layoffs affect only a small percentage of the bank's workforce of 23,500 in Charlotte. Nationwide, 121 technology jobs will be eliminated. A Wells Fargo spokesman said the bank will try to help affected employees find other jobs within the company.

Medical products company laying off 250 in Greensboro

January 14, 2016

(News & Record, Greensboro)

ConvaTec, a global medical products company, said it will close its Greensboro manufacturing plant and about 250 people will lose their jobs. The company, whose products include wound dressings and insulin pumps, employs more than 9,000 in 8 countries, according to its website, and is owned by Nordic Capital and Avista Capital Partners.

Morrisville's Overture Networks acquired for $35M

January 14, 2016

(WRAL TechWire)

Munich-based ADVA Optical Networking said it will buy Morrisville-based Overture Networks for $35 million. Founded in 2000, Overture provides Ethernet networking technology and also has offices in Massachusetts and India.