Business

Charlotte nursing school to close in 2016

September 29, 2014

(The Charlotte Observer)

Mercy Hospital School of Nursing will close after its current students graduate in 2016. The school was acquired by Charlotte-based Carolinas HealthCare System when it bought the Mercy Hospital and Mercy Hospital South from Belmont-based Sisters of Mercy in 1995. CHS operates two other nursing schools in the Charlotte area. 

NC's oldest printing companies join together

September 29, 2014

(New Bern Sun Journal)

AlphaGraphics of Downtown Raleigh acquired Commerical Printing Co., a Raleigh-based printing company founded in 1884. AlphaGraphics, now a national franchise and owned by the Andrews family of New Bern for five generations, began as Owen G. Dunn Printing in 1902. Terms were not disclosed. 

LabCorp to buy Raleigh-based LipoScience for $85.3 million

September 26, 2014

(The News & Observer, Raleigh)

LipoScience, a Raleigh-based medical diagnostics company, will be acquired by its largest customer for $85.3 million. Burlington-based LabCorp accounts for about 35% of sales of the company's testing products. LipoScience went public in January 2013 at $9 a share, but hasn't traded above $5.25 a share in the past year.

CLT sells off DesignLine shuttle buses

September 26, 2014

(The Charlotte Observer)

Charlotte Douglas International Airport auctioned off its 10 shuttle buses made by troubled bus manufacturer DesignLine. Maintenance problems and a scarcity of replacement parts made the buses expensive to operate. The local company's assets were sold out of bankruptcy last year to California-based EPV Corp., but the new company has struggled to attract customers.

Sheetz to open $32 million Burlington distribution center

September 26, 2014

(Winston-Salem Journal)

Sheetz is preparing to open a $32.8 million, 250,000-square-foot manufacturing and distribution center in Burlington to serve about 150 of its convenience stores in North Carolina, Virginia and West Virginia. A ribbon-cutting is scheduled for Nov. 12. 

Cider makers seek to change industry regulation

September 26, 2014

(Asheville Citizen-Times)

North Carolina cider companies hope to ensure growth through proposed legislation that would increase the allowed alcohol volume to 8.5%. Currently, cider with an alcohol volume higher than 7% is taxed like wine, which is higher than the excise tax placed on beer. North Carolina now has 10 cider producers, supported by the craft beverage's soaring popularity.

PPD to acquire remaining interest in Mass. biotech company

September 26, 2014

(StarNews, Wilmington)

PPD will acquire remaining ownership interest in Waltham, Mass.-based X-Chem for an undisclosed amount. The Wilmington-based contract-research organization paid $15.5 million for 60% interest in the biotech company in 2010. PPD employs more than 13,000 worldwide, including about 3,000 in North Carolina.

Curtiss-Wright announces stock buy-back

September 26, 2014

(The Charlotte Observer)

Curtiss-Wright Corp. announced it will buy back $300 million of its stock beginning in January. The manufacturer of aerospace and industrial equipment moved its headquarters from New Jersey to Charlotte in January.

UNC board to announce WSSU chancellor on Friday

September 26, 2014

(Winston-Salem Journal)

Following a four-month search, the UNC Board of Governors is expected to name a new chancellor at Winston-Salem State University on Friday.

Siemens to provide CPCC with $32 million in software

September 25, 2014

(The Charlotte Observer)

Siemens will donate software valued at $32 million to Central Piedmont Community College in Charlotte to train students enrolled in advanced-manufacturing courses. The company's product lifecycle management software is used by thousands of companies worldwide, including more than 120 in North Carolina. The German engineering company employs about 1,600 in Charlotte.