Downtown Greensboro in 'rebuilding' mode

October 23, 2015

(News & Record, Greensboro)

The board of Downtown Greensboro will continue to support CEO Zack Matheny following his Oct. 16 DWI charge. Cyndy Hayworth, director of operations for the economic-development group since Matheny took the helm in July, stepped down Wednesday, though she said her resignation had nothing to do with Matheny's incident.

BorgWarner seeks to fill 60 jobs in Arden

October 23, 2015

(Asheville Citizen-Times)

BorgWarner has 60 third-shift positions to fill at its Arden plant. The Michigan-based powertrain manufacturer said it is producing a new line of turbochargers for General Motors.

Biogen cutting 130 jobs in Morrisville, Durham

October 22, 2015

(The News & Observer, Raleigh)

Drug developer Biogen plans to cut 11% of its workforce as it discontinues some projects and refocuses its research on treatments for Alzheimer's disease and multiple sclerosis. About 130 jobs of the company's 1,400 workers in the Triangle will lose their jobs.

Federal judge refuses to dismiss coal-ash suit

October 22, 2015

(The News & Observer, Raleigh)

Duke Energy had asked U.S. District Judge Loretta Biggs to dismiss or delay a lawsuit filed by environmental advocates over coal-ash contamination at its power plant near Salisbury. Biggs denied the request and criticized the state for not acting quickly enough in requiring Duke to clean up the coal ash.
Related: Duke Energy to settle Ohio lawsuit for $81 million

Wells Fargo to lay off 132 Charlotte area workers

October 22, 2015

(The Charlotte Observer)

San Francisco-based Wells Fargo said it is cutting 490 mortgage employees nationwide as foreclosure rates improve and fewer homeowners are refinancing. Five of the cuts are in Charlotte, while 127 are in Fort Mill, S.C.

Forbes: North Carolina second best state for business

October 22, 2015


North Carolina moved up a notch to the No. 2 spot on Forbes' annual Best States for Business list. The article cites the state's small union workforce and low labor costs as factors. North Carolina has ranked in the top five for the last 10 years.

Raleigh entrepreneur buying Carolina RailHawks

October 22, 2015


Stephen Malik, founder and executive chairman of Cary-based Medfusion, appears close to acquiring the Carolina RailHawks, an American professional soccer team, from Traffic Sports USA.

Roberts launches two startup groups in Wilmington

October 22, 2015

(Greater Wilmington Business Journal)

Jim Roberts has launched two Wilmington-based initiatives to support entrepreneurs. The Network for Entrepreneurs in Wilmington will provide support to the startup community through sponsorships with area businesses. Wilmington Angels for Local Entrepreneurs is an investor network.

Former Yadkinville hospital operator tries to halt lawsuit

October 22, 2015

(Winston-Salem Journal)

Kansas City-based CAH Acquisition 10 filed a motion for a limited reopening of a 2012 bankruptcy settlement in an effort to prevent Yadkin County and a federal judge from enforcing sanctions against the company. CAH closed the 20-bed Yadkin Valley Community Hospital May 22, idling 150 workers (Statewide, July).

RTP biotech firm raises $150M

October 21, 2015

(The News & Observer, Raleigh)

A biotech company founded in 2004 by a Duke University researcher and two students has raised $150 million from a group of investors that includes Access Industries and Brady Dougan, a former CEO of Credit Suisse Group. Based in Research Triangle Park, Humacyte is developing a treatment for patients experiencing kidney failure.