Business

NC ports see growth in cargo volumes

March 30, 2016

(Greater Wilmington Business Journal)

The Port of Wilmington reported an 8% increase in container cargo volumes in February when compared with the same month a year ago. Container cargo shipments were up 18% for the 2014-15 fiscal year, according to a release Tuesday. The Port of Morehead City also reported a 19% year-over-year increase in tonnage through February.

Wake Forest Innovation Quarter announces $40M project

March 29, 2016

(Winston-Salem Journal)

Wexford Science & Technology plans to begin construction this spring on a $40 million redevelopment of a portion of the Bailey Power Plant at Wake Forest Innovation Quarter in downtown Winston-Salem. The real-estate developer plans 110,800 square feet of office, entertainment and retail space.

Novo Nordisk breaks ground on $1.8B plant in Clayton

March 29, 2016

(WRAL TechWire)

The new facility will produce ingredients for the Danish drugmaker's insulin treatments and will bring 700 jobs with an average annual salary of $68,000 to Clayton. The site is adjacent to Novo Nordisk's existing 20-year-old plant.

Asheville's HomeTrust Bancshares adds 3 directors

March 29, 2016

The holding company for HomeTrust Bank increased the size of its board from 10 to 13 directors, adding Laura Kendall, Richard "Stick" Williams and Robert "Bob" James Jr. Kendall is a managing director at Aurora Management Partners. Williams retired last year after 37 years at Duke Energy, and James, a banking-industry veteran, has worked for Grant Thornton as a senior adviser since 2012.

Eastern NC railroad resumes service

March 29, 2016

(The News & Observer, Raleigh)

The former Carolina Southern railroad is up and running again after a five-year pause. R.J. Corman Railroad Co. bought the 90-mile short-line railroad last year. The line runs between Whiteville in Columbus County and Myrtle Beach, S.C.

Asheville Outlets plans 83,000-square-foot addition

March 29, 2016

(Asheville Citizen-Times)

Less than a year after its grand opening, Asheville Outlets plans to add 83,000 square feet to its footprint, which now includes more than 523,000 square feet of retail space. Plans submitted to the city show spaces for two big-box tenants plus an additional freestanding building. The shopping center recently announced the addition of six new stores and two restaurants, bringing it close to its current capacity.

Wake Forest Baptist, United Healthcare form ACO

March 29, 2016

(Winston-Salem Journal)

Wake Forest Baptist Medical Center has formed an accountable care organization with United Healthcare. The ACO is related to the Winston-Salem health system's pending purchase of High Point's Cornerstone Health Care, a physicians' group with more than 80 locations in the Triad.

LS3P merging with Savannah architecture firm

March 29, 2016

(Greater Wilmington Business Journal)

LS3P, which has offices in Charlotte, Raleigh and Wilmington, announced its second merger within the last three months. After combining with Hubbard Architecture in Myrtle Beach, the firm now plans to merge with Dawson Architects of Savannah, Ga., adding 20 employees. The Charleston, S.C.-based firm now employs more than 300 architects, designers and staff.

2nd study says Charlotte lags in innovation, entrepreneurship

March 28, 2016

(The Charlotte Observer)

The Charlotte region trails its peers in the amount of money spent on research and development and the number of startups, according to a new study being released Monday. The Charlotte Entrepreneur Growth Report says the Queen City can't rely solely on big businesses to stay successful. The study measured factors including academic funding for R&D, venture-capital investment and the number of patents issued. A study released last week by the Brookings Institution reached similar conclusions.

Sprout investors say Valeant isn't living up to terms of merger agreement

March 28, 2016

(Bloomberg.com)

Investors in Raleigh-based Sprout Pharmaceuticals say Valeant is charging too much for its female libido pill and isn't doing enough to market the drug. Canada-based Valeant last year paid $1 billion for Sprout; the drug, called Addyi, has underperformed though sales are improving, with 57% of prescriptions being filled compared with 25% to 30% in the fourth quarter.