Business

Pest-control product maker to hire 380 in Mooresville

September 23, 2014

(The Charlotte Observer)

Earth-Kind Inc. will invest $5.8 million and plans to create 380 jobs over four years at a plant in Mooresville. The Bismarck, N.D.-based company makes non-toxic pest control products, and counts John Deere, Tractor Supply and ACE Hardware among its customers. 

VantageSouth branches convert to Yadkin Bank

September 23, 2014

(The News & Observer, Raleigh)

All 41 branches of Raleigh-based VantageSouth Bank have been converted to Yadkin Bank as of Monday. The rebranding is the result of a July merger between VantageSouth Bancshares and Elkin-based Yadkin Financial, which created the largest community bank based in North Carolina, with about $4 billion in assets. 

Siemens to buy Houston energy-services company for $7.6 billion

September 23, 2014

(The Charlotte Observer)

Europe's largest engineering company, which employs about 1,600 in Charlotte, will buy a Houston-based oil-services company for $7.6 billion. Dresser-Rand makes equipment for the oil- and gas-industry, including for hydraulic fracturing. Munich-based Siemens also plans to move the headquarters of its energy businesses to the U.S.

Future uncertain for Sanderson Farms plant in Cumberland County

September 23, 2014

(The Fayetteville Observer)

While Cumberland County commissioners remain divided over whether to offer Sanderson Farms incentives to build a $113 million chicken-processing plant, a company representative says other communities are interested in the project. It isn't clear if any of those communities are in North Carolina.

UNCW economist Hall announces retirement

September 23, 2014

(Greater Wilmington Business Journal)

William "Woody" Hall will retire at the end of the current academic year after 41 years at UNC Wilmington. Hall is the senior economist for UNCW's Swain Center for Business and Economic Services and has conducted research on the Wilmington-area economy for years.
Also: UNC Wilmington announces search committee for new chancellor

Brazil-based adhesives manufacturer to open Gaston County plant

September 23, 2014

(The Gaston Gazette)

Dalton Dynamics Corp. will invest at least $2 million in a 25,000-square-foot plant in Gastonia where it will produce industrial adhesives for automotive and other industries. The Brazil-based company, which expects to hire about 25 people, credits the area's proximity to Charlotte Douglas International Airport and quality of life.

New Jersey drug maker to pay $100M to settle Salix patent litigation

September 23, 2014

(The News & Observer, Raleigh)

Raleigh-based Salix Pharmaceuticals has reached a $100 million settlement with New Jersey-based Par Pharmaceutical in a patent lawsuit filed by Santarus, a San Diego-based drug maker acquired by Salix earlier this year, and the University of Missouri. 

State unemployment rate rises to 6.8%

September 22, 2014

(The News & Observer, Raleigh)

North Carolina's unemployment rate rose for the second straight month, from 6.5% in July to 6.8% in August. The state added 12,500 jobs, led by 8,500 government positions which likely includes new teacher hires.

IBM unveils new RTP data center

September 22, 2014

(WRAL.com)

IBM will unveil a 72,000-square-foot data center at its Research Triangle Park campus on Monday. The Armonk, N.Y.-based tech company operates 150 such centers worldwide and employs about 7,500 in RTP. 

PepsiCo exec to become president of R.J. Reynolds Tobacco

September 22, 2014

(Winston-Salem Journal)

Reynolds-American named Debra Crew president of subsidiary R.J. Reynolds Tobacco Co. effective Oct. 1. Crew comes from PepsiCo, where she has held various executive leadership roles. She replaces Andrew Gilchrist, who will become an executive vice president with the parent company.