Business

RTP-based drug developer plans to raise $16.5M

March 28, 2016

(Xconomy.com)

Envisia Therapeutics has raised $10.1 million of a $16.5 million financing to advance its glaucoma treatment, according to a securities filing. Research Triangle Park-based Envisia was spun out of Liquidia Technologies in 2013, raising $25 million from investors including Canaan Partners, Pappas Ventures and Wakefield Group.

Former Premier exec takes role at Charlotte's Snyder's-Lance

March 28, 2016

(The Charlotte Observer)

Kevin Powers will become senior director of investor relations at snack-maker Snyder's-Lance, replacing Mark Carter who is retiring in mid-April. Powers comes from Premier Inc., also based in Charlotte, and previously worked for Family Dollar Stores and Elan Pharmaceuticals.

Backlash swells against NC's anti-LGBT law

March 25, 2016

(The Charlotte Observer)

The list of companies denouncing North Carolina's new anti-LGBT law is growing. The NBA, set to host its 2017 All-Star Game in Charlotte, and ESPN, which is considering Charlotte as a possible site for its summer X Games, are both closely watching the situation. American Airlines, Apple and PayPal, which just announced plans to create 400 jobs in the Queen City, all issued statements criticizing the new law.
More on this topic: Red Hat, Biogen, NCAA speak out on NC law restricting LGBT protections

State jobless rate falls to 5.5% in February

March 25, 2016

(The News & Observer, Raleigh)

North Carolina's February unemployment rate of 5.5% — down from 5.6% the previous month — remains above the national average of 4.9%. The number of people employed increased by 25,687, while the labor force grew by 25,523.

Site of proposed Tiger Woods golf course listed at $24M

March 25, 2016

(Asheville Citizen-Times)

A 795-acre parcel of land about 25 minutes from downtown Asheville is for sale. Asking price: nearly $24 million. The land is part of the Cliffs at High Carolina, a development announced in 2007 that was to include about 1,000 upscale homes and the first U.S. golf course designed by Tiger Woods ("Life after Tiger," April 2014).

Big Tobacco's ties to the NFL concussion crisis?

March 25, 2016

(The New York Times)

Records show a long, peculiar relationship between the NFL and Big Tobacco in which they shared lobbyists, lawyers and consultants. While there's no direct evidence that the NFL adopted the same strategies tobacco companies used to downplay the dangers of cigarettes, some retired players have compared the way the league has handled the concussion crisis to the tobacco industry.

Hayes to retire from Research Triangle Partnership

March 25, 2016

(WRAL TechWire)

CEO Charles Hayes will retire from the Research Triangle Regional Partnership after 20 years at the helm of the economic-development group. Raleigh real-estate developer John Kane will take over as board chair when Hayes retires, on June 30.

Duke Energy CEO earns 30% more in 2015

March 25, 2016

(The Charlotte Observer)

Lynn Good's total compensation jumped 30% last year to $10.8 million, compared with $8.3 million in 2014. The Charlotte-based utility earned $2.8 billion in 2015 and reported revenue of $23.5 billion.

Yarn-maker closing China Grove plant

March 25, 2016

(Winston-Salem Journal)

Tuscarora Yarns will close its plant in China Grove by May 9, according to a filing with the N.C. Commerce Department. The plant's 123 workers can apply for jobs at the company's other two plants.

Johnston County reverses stance, now supports CSX

March 24, 2016

(WRAL.com)

After a closed-door meeting Wednesday, Johnston County commissioners said they now support CSX's plan to build a $272 million cargo terminal there, though Chairman Tony Braswell said there has been no recent communication with the Jacksonville, Fla.-based company.