Business

Pipe-maker to cut 90 jobs at Brunswick County plant

April 1, 2014

(StarNews, Wilmington)

Victaulic will cut 90 jobs over the next seven months at its pipe-manufacturing plant in Leland. The company will move rubber-molding and press-fit operations to Mexico. 

Sierra Nevada could open Mills River tasting room by summer

April 1, 2014

(Asheville Citizen-Times)

With much of the construction complete at the new Sierra Nevada brewery in Mills River,  a small tasting room could open as early as July. The Chico, Calif.-based brewer is now brewing two of its popular beers there, and expects to produce 350,000 barrels a year once it reaches full production.

Halifax Regional has major economic impact on county

April 1, 2014

(The Daily Herald, Roanoke Rapids)

Halifax County's largest employer had an economic impact of more than $152 million on the area in 2012, according to a study UNC Chapel Hill performed with the medical center. The 204-bed hospital employs 759 people.

Republic Wireless adds options to Moto X phones

April 1, 2014

(WRALTechwire.com)

Republic Wireless is adding customized options including wood cases, accent colors and wallpapers for its Moto X phones. Raleigh-based Republic offers phone and data plans for as little as $5 a month. Its Moto X and new colorful Moto G phones are produced by Google Motorola Mobility, which is being acquired by Lenovo. (Click here to read more about Republic Wireless in BNC's September 2013 issue)

State unemployment rate falls below national average

March 31, 2014

(Asheville Citizen-Times)

The N.C. unemployment rate dropped to 6.4% in February compared with 6.7% in January, while the national average increased from 6.6% to 6.7%. Industries that reported the most jobs gains in the state were trade, transportation, utilities and manufacturing.

GlaxoSmithKline expanding at Zebulon manufacturing plant

March 31, 2014

(The News & Observer, Raleigh)

GlaxoSmithKline will hire 60 to 75 new workers during the next month at its manufacturing plant in Zebulon as it expands production of several new drugs. GSK employs about 4,500 at its North American headquarters at Research Triangle Park and about 450 at the manufacturing support center in Zebulon.

Heritage Home Group auctioning seventeen properties

March 31, 2014

(Winston-Salem Journal)

Seventeen properties formerly occupied by Furniture Brands International have been put up for auction, including nine in North Carolina. Others are in Mississippi, Tennessee and Virginia. Heritage Home Group, which bought assets of St. Louis-based Furniture Brands after the company filed for bankruptcy protection last year, said last week it plans to close its Pearson Co. plant in High Point by Aug. 31.

Trident Marketing lays off 200 in Cary and Southern Pines

March 31, 2014

(The Pinehurst Pilot)

Trident Marketing laid off 200 workers at its call centers in Cary and Southern Pines last week after DIRECTV canceled its contract with the company.

Cozza selected to lead N.C. State Ports Authority

March 31, 2014

(StarNews, Wilmington)

The N.C. State Ports Authority named Paul Cozza its new executive director. Cozza, a U.S. Army veteran, previously served in various roles at Maersk Line Limited and CSX Corporation/Sea-Land Service Inc. 

BB&T Insurance Services to acquire Woodbury & Co.

March 31, 2014

(Winston-Salem Journal)

BB&T Insurance Services will acquire Woodbury & Co., which employs more than 50 at offices in Wilmington and Myrtle Beach, S.C., by April 1. Financial terms of the deal were not disclosed.