Business

Krispy Kreme posts strong 1Q results, beats expectations

June 11, 2015

(Winston-Salem Journal)

Krispy Kreme Doughnuts reported an 8.9% increase in first-quarter revenue to $132.5 million. Net income was up 10.4% compared with the same period a year ago. The Winston-Salem-based company exceeded internal and analysts' projections for the quarter.

Oskar Blues ramps up production at Brevard brewery

June 11, 2015

(Asheville Citizen-Times)

With a 30% increase in annual sales, Oskar Blues Brewery in Brevard will increase capacity from 85,000 barrels to 210,000 barrels. Construction on the project, which includes a 17,000-square-foot building addition and an expanded wastewater treatment building, is expected to be complete in six months.

Chimerix looks to raise $150M in stock offering

June 11, 2015

(The News & Observer, Raleigh)

Chimerix plans to raise up to $150 million in a public stock offering, expected to close on June 16. The Durham-based drug developer plans to use the proceeds for research and development and general corporate purposes.

Microsoft acquires Morrisville software company

June 11, 2015

(WRAL TechWire)

Microsoft has acquired BlueStripe Software, a Morrisville-based provider of application management technology, according to a blog post Wednesday. Financial terms weren't disclosed.

Matheny is top candidate for CEO of Downtown Greensboro

June 11, 2015

(News & Record, Greensboro)

Greensboro City Councilman Zack Matheny is in final negotiations to become president of the nonprofit Downtown Greensboro. Matheny, 42, plans to resign his council seat on June 16. About half of Downtown Greensboro's $1 million budget comes from a business-district tax.

Graham moving accounts to BB&T

June 10, 2015

(The Charlotte Observer)

Franklin Graham will move accounts from Wells Fargo to BB&T, despite the Winston-Salem-based bank's sponsorship of a gay pride event in Miami earlier this year. Graham decided to switch banks after San Francisco-based Wells Fargo began airing an ad featuring a same-sex couple.

DENR orders Duke Energy to stop groundwater contamination

June 10, 2015

(Greater Wilmington Business Journal)

The N.C. Department of Environment and Natural Resources ordered Duke Energy to "take immediate action" to control coal-ash contamination at its Sutton plant in Wilmington after tests showed high levels of boron in monitoring wells. A Duke spokeswoman said the utility is awaiting state permits to begin closing the plant's ash basins.

Novant to expand Clemmons Medical Center

June 10, 2015

(Winston-Salem Journal)

Novant Health will invest $49 million in an expansion of Clemmons Medical Center. The expansion, which includes an unspecified number of inpatient beds and up to three operating rooms, will double the center's workforce to 200.

Carolinas HeathCare CEO to retire next year

June 10, 2015

(The Charlotte Observer)

Carolinas HealthCare System CEO Michael Tarwater will retire in June 2016, when his current contract expires. Tarwater, 61, has been an employee of CHS since 1981 and chief executive since 2002. During his career, the Charlotte-based health system has grown from 5,700 employees to 60,000 while annual revenue has increased from $94 million to $8.7 billion.

Montreat College welcomes students from Florida school

June 10, 2015

(Asheville Citizen-Times)

Montreat College has extended an offer for students of the shuttered Clearwater Christian College in Florida to transfer without delaying graduation or incurring additional costs. Each Clearwater student would receive a $6,000 award in addition to other financial aid for which the student may be eligible.