Business

To handle SouthPark's growth, Charlotte looks to outside experts

January 18, 2016

(The Charlotte Observer)

Charlotte is hiring the nonprofit Urban Land Institute to study how to transform its SouthPark neighborhood from a suburban shopping district into a denser, urban area that is more pedestrian-friendly. Nearly 2,400 new apartments are planned for the SouthPark area, where about 67,000 people work.

Wilmington's Next Glass to merge with California software company

January 18, 2016

(Greater Wilmington Business Journal)

Next Glass, the Wilmington-based technology company that provides personalized wine and beer recommendations, is teaming up with Untappd, a Los Angeles-based software company that offers an app for beer enthusiasts. Untappd will become a subsidiary of Next Glass; financial terms were not disclosed.

Reynolds American director Daly to retire

January 18, 2016

(Winston-Salem Journal)

Jack Daly will retire from the board of directors of Winston-Salem-based Reynolds American Feb. 4. It's the board's fifth departure since December 2014. Jerome Abelman, general counsel for British American Tobacco, has been nominated to succeed him.

Enviva keeping close eye on EU probe of its largest client

January 18, 2016

(StarNews, Wilmington)

A spokesman for Maryland-based Enviva says the company isn't too concerned over the European Union's investigation of Drax, the wood-pellet producer's largest customer that is seeking to convert a coal-burning plant to a biomass plant. Enviva last year built a storage facility at Port of Wilmington to ship pellets from its plants in Hertford, Northampton and Sampson counties.

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.