Business

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.

Some things to know about interesting NC businesses and people

January 8, 2016

Thursday was a horrible day for investors, but there was at least one silver lining amid the gloom: Charlotte-based Snyder's-Lance Inc. gained 3.6% to $35.09. The snack-maker was recently cited as one of the five best U.S. consumer stocks by Gabelli & Co., a New York investment company. Plus updates on The Fresh Market, Enpro Industries and more...

US Bank promotes Charlotte-based exec

January 8, 2016

(The Charlotte Observer)

Jim Kelligrew was promoted to co-head U.S. Bank's wholesale banking division. Kelligrew, whose résumé includes stints at Wachovia and Bank of America, most recently served as head of fixed income and capital markets for the Minneapolis-based bank. He will remain based in Charlotte, where the bank employs about 350 people. U.S. Bank entered the Charlotte market in 2005 when it acquired Wachovia's corporate trust and institutional custody businesses.

Guilford approves incentives for Ecolab expansion

January 8, 2016

(News & Record, Greensboro)

Guilford County commissioners approved $175,680 in incentives for Ecolab to expand. The company, which supplies cleaning products for the food service industry, is also considering Dallas for the expansion, which would involve a $27 million investment and add 35 jobs. Greensboro City Council has already approved incentives totaling $193,768.

New community bank enters Wilmington market

January 8, 2016

(Greater Wilmington Business Journal)

Morehead City-based Sound Bank is preparing to open its first full-service branch in Wilmington. The community bank, which has six locations and more than $130 million in assets according to its website, opened a loan production office there last January.

After weak holiday sales, Macy's to close Cary store

January 7, 2016

(The News & Observer, Raleigh)

Macy's is closing its store at Cary Towne Center, where it employs 63 people. The Cincinnati-based department store chain will shutter 40 stores altogether; the Cary store is the only closure planned in North Carolina.