Business

Report reveals NC's top lobbyists and political spenders

February 13, 2015

(StarNews, Wilmington)

The Institute for Southern Studies released a report on the top Tar Heel power brokers. The list was led by Charlotte-based Duke Energy, Nationwide Insurance & Affiliates and the nonprofit N.C. Association of Realtors.

NC Research Campus adding 3rd spec laboratory

February 13, 2015

(The Independent Tribune, Concord)

The North Carolina Research Campus in Kannapolis will invest $1.5 million on construction of a third speculative laboratory suite. Construction will begin this spring on the space, which will total at least 4,800 square feet and can accommodate several companies.

Quintiles cutting 270 jobs

February 13, 2015

(The News & Observer, Raleigh)

Durham-based Quintlies will lay off 270 workers worldwide, less than 1% of its workforce of 32,600. The company hasn't said how many of the contract-research organization's 2,500 Triangle employees will be affected by the job cuts, which are the result of a corporate restructuring.

Speedway Motorsports realigns top execs

February 13, 2015

(The Independent Tribune, Concord)

Bruton Smith will step down as CEO of Speedway Motorsports and Marcus Smith, his son, will assume the role. Bruton Smith, CEO and chairman since the Concord-based company's initial public offering in 1995, will become executive chairman. Marcus Smith has served as president and chief operating officer since 2008.

Reynolds' Vuse available in 100,000 stores

February 13, 2015

(Winston-Salem Journal)

R.J. Reynolds Vapor Co. said its Vuse electronic cigarettes are now available in about 100,000 retail outlets. The Reynolds American subsidiary began national distribution of Vuse in June. Meanwhile, Greensboro-based Lorillard reported declining sales of its blu eCigs branded electronic cigarettes. Sales of blu dropped 27.8% during the fourth quarter of 2014.

UNC Chapel Hill tied for second in IPO class of 2014

February 13, 2015

(The News & Observer, Raleigh)

Three chief executives who took their companies public in 2014 were graduates of UNC Chapel Hill, according to Equilar, a Calif.-based firm that provides data about executive compensation. Harvard produced seven CEOs who led their companies through IPOs last year, while Columbia University, Stanford University, Texas Tech University and UNC Chapel Hill each had three.

 

Dillsboro considers cash incentives to attract businesses

February 13, 2015

(The Sylva Herald)

When visitors step off of the Great Smoky Mountains Railroad in Dillsboro, at least nine vacant storefronts are there to greet them. Town leaders are hoping to lure new businesses by offering them cash incentives.

BofA lays off 250 in Charlotte

February 12, 2015

(The Charlotte Observer)

Bank of America will lay off 250 mortgage and technology workers in Charlotte. Most of the affected employees work in uptown's Gateway Village. The Charlotte-based bank announced last week it was laying off 202 people in its Legacy Assets Servicing unit, which services troubled loans, in Norfolk, Va.

NC Ports Authority to sell coastal properties

February 12, 2015

(StarNews, Wilmington)

The N.C. State Ports Authority will shed about a dozen properties and plans to use the proceeds for capital improvements at its deepwater ports in Wilmington and Morehead City. The authority will sell the 42-acre Southport Marina and 11 mostly undeveloped properties in Brunswick, Carteret and New Hanover counties. 

Crescent unveils plans for uptown Charlotte development

February 12, 2015

(The Charlotte Observer)

Crescent Communities plans to begin construction of a mixed-use project in uptown Charlotte in the fourth quarter. The development will include up to 400 hotel rooms, 450 apartments and a 47,000-square-foot Whole Foods grocery store with a rooftop deck. Construction is expected to be complete by late 2017.