Business

Electrolux CEO steps down

January 11, 2016

(The Charlotte Observer)

A month after Electrolux's failed bid to acquire General Electric's appliance division for $3.3 billion, Chief Executive Officer Keith McLoughlin is stepping down. Jonas Samuelson, head of the appliance maker's Europe, Middle East and Africa business, will take over as CEO on Feb. 1. Electrolux's North American headquarters is in Charlotte.

Film projects will pump about $55M into Wilmington economy

January 11, 2016

(Greater Wilmington Business Journal)

TNT's Good Behavior, a TV series filming its first season in Wilmington, and a History Channel drama series about Navy SEAL Team Six will boost the local economy by about $55 million and provide several hundred jobs, according to Bill Vassar, executive vice president of EUE/Screen Gems Studios.

Tech company could expand in Winston-Salem

January 11, 2016

(Winston-Salem Journal)

Kailo Healthcare Technologies is considering an expansion that would add 251 jobs over five years in Winston-Salem, where it currently employs about 50 people. The Cedar Falls, Iowa-based company provides consullting and information-technology services for the health care industry.

Howard Levine steps down as CEO of Family Dollar

January 11, 2016

(The Charlotte Observer)

Gary Philbin, president and chief operating officer since July, will continue to lead the Matthews-based retailer. When Virginia-based Dollar Tree acquired Family Dollar about six months ago, the company said at the time that Levine would remain with the company for two years. Levine, who will step down Jan. 15, will receive a "golden parachute" of up to $12 million, according to an estimate in a securities filing from October 2014.

PPD partners with Massachusetts drug developer

January 11, 2016

(Greater Wilmington Business Journal)

PPD is teaming up with Moderna Therapeutics, a 4-year-old Cambridge, Mass.-based biotech firm that raised $450 million last January. Moderna focuses on personalized medicine, or treating diseases through the delivery of messenger RNA. Wilmington-based PPD will provide support for new drug strategic planning and clinical trials.

German health care company acquires Wilson drug plant

January 11, 2016

(The Wilson Times)

Fresenius Kabi USA, a German company that make pharmaceuticals and medical devices, has acquired a 120,000-square-foot Wilson manufacturing plant through its purchase of the BD Rx business. The plant's 100 employees will keep their jobs.

Tech problems cause backlog for Blue Cross NC customers

January 8, 2016

(The News & Observer, Raleigh)

A technology upgrade is causing headaches for Blue Cross and Blue Shield of North Carolina customers who have been unable to confirm coverage. The health insurer said call volume is 400% to 500% higher than the same time last year. Durham-based Blue Cross blamed the implementation of a new customer records system for delays in processing Affordable Care Act applications.

Map shows jarring scope of income inequality in NC

January 8, 2016

(The News & Observer, Raleigh)

Only five counties (Durham, Forsyth, Mecklenburg, Orange and Wake) had annual incomes higher than the state average in 2014, according to an analysis based on data from the U.S. Bureau of Labor Statistics by economist Ted Abernathy. Only five other counties were within 10% of the $44,969 state average.

Should Asheville worry over possible New Belgium sale?

January 8, 2016

(Asheville Citizen-Times)

As New Belgium Brewing prepares to open its $140 million brewery in Asheville, reports show the Colorado-based company is looking for a buyer. The beer company has taken on a lot of debt with the construction of its East Coast location and through an employee buyout of the company's founder, Kim Jordan. New Belgium plans to employ about 150 in Asheville once it reaches full brewing capacity.

Lenovo, Google team up on 3-D smartphone

January 8, 2016

(WRAL.com)

Lenovo will partner with the tech giant on a 3-D augmented smartphone that will "become a magic window into the physical world by enabling it to perceive space and motion that goes beyond the boundaries of a touch screen," according to a Google representative at the annual CES technology show in Las Vegas. Also, Lenovo said it is dropping the Motorola brand name from its phones. The company paid $2.9 billion for Motorola Mobility in 2014.