Business

Cape Fear Valley Health could vote tonight on deal with Harnett Health

October 29, 2014

(The Fayetteville Observer)

Fayetteville-based Cape Fear Valley Health System trustees could vote tonight on entering a management agreement with Harnett Health System. Trustees discussed a potential partnership during a closed session two weeks ago. Dunn-based Harnett Health has suffered financially since opening the $56 million Central Harnett Hospital last year.

La-Z-Boy to close division office in High Point

October 29, 2014

(High Point Enterprise)

La-Z-Boy will close its High Point office as a result of a corporate restructuring of its casegoods business. Some of the furniture manufacturer's 38 employees in High Point will be offered positions at the company's Hudson plant.

Triathlon training center planned in Pender County

October 29, 2014

(Greater Wilmington Business Journal)

TriHabitat will open a triathlon training venue on more than 1,000 acres along the Cape Fear River in Pender County. The venue will contain a 25-acre man-made lake, a 14-mile paved bike loop, five stadiums and a lodge and conference center and is expected to open in 2016.

Triad region must adapt to changes in manufacturing industry

October 29, 2014

(News & Record, Greensboro)

A recent White House report highlights some of the Triad region's struggles to maintain and grow its manufacturing workforce, including encouraging young people to pursue careers in the industry.

GE Hitachi lands $300 million nuclear services contract

October 29, 2014

(Greater Wilmington Business Journal)

GE Hitachi was awarded a maintenance and fuel contract totaling nearly $300 million from Chicago-based Exelon Generation. The contract runs through spring 2018. Parent company GE received a $500 million order for gas turbines from Exelon less than a month ago. GE Hitachi is located in Castle Hayne in New Hanover County.

Chiquita's new owners must repay incentives if jobs move out of NC

October 28, 2014

(The Charlotte Observer)

Two Brazilian companies will purchase Chiquita Brands International for $680 million in cash, and the N.C. Economic Development board said Cutrale and Safra Group would be required to pay back state and local incentive money if they move jobs out of North Carolina. Chiquita was awarded $22 million in 2011 to move its headquarters from Cincinnati to Charlotte.
Related: Brazilian companies to buy Chiquita

Drone maker seeks millions from Winston-Salem

October 28, 2014

(Winston-Salem Journal)

Drone maker Olaeris has asked Winston-Salem to provide more than $5 million over five years to bring its company and about 150 jobs to Smith Reynolds Airport. Olaeris, which plans to market its unmanned aircraft to law enforcement groups and first responders, has asked the state to invest $6 million. Chief executive Ted Lindsley says he is in talks with local governments in two other states.
Related: Will North Carolina be the first in unmanned flight? ("Pie in the sky," September)

Gordon Food Service bringing 275 jobs to Cabarrus County

October 27, 2014

(The News & Observer, Raleigh)

Gordon Food Service will invest $58 million in a new Kannapolis distribution center and plans to create 275 jobs over five years. The Grand Rapids, Mich.-based company distributes food products to restaurants, schools and health-care companies throughout the Eastern U.S. and Canada.

Syngenta faces lawsuits over exporting modified corn

October 28, 2014

(The News & Observer, Raleigh)

Food exporters who claim to have lost millions because they aren't allowed to ship Syngenta's genetically modified, insect-resistant corn to China have filed lawsuits against the agribusiness, which has its global headquarters for biotech research in Research Triangle Park. 

Battery maker plans major jobs announcement

October 28, 2014

(WRAL.com)

Startup battery manufacturer Alevo Group is expected to announce plans today for the former Philip Morris USA cigarette plant in Concord. The company said it plans to hire 500 workers in 2015 and, if sales take off, 2,500 or more within three years. Alevo will make utility-scale batteries for power companies and grid operators.