Business

Construction ramps up on $1.1 billion Charlotte light-rail extension

September 2, 2014

(The Charlotte Observer)

City officials say a 9.3-mile extension of Charlotte's Blue Line light rail, expected to open in 2017, will generate 10,000 housing units, four million square feet of office space and 1.3 million square feet of retail. The new corridor will extend north from uptown to UNC Charlotte.

Asheville called quirkiest town in the U.S.

September 2, 2014

(Asheville Citizen-Times)

Readers of Travel + Leisure magazine named Asheville the quirkiest town in the U.S., citing Friday-night drum circles at Pritchard Park, Vortex Doughnuts' local beer-of-the-day doughnuts and unique dining experiences.

Durham's BioCryst gets another $2.4 million to test Ebola drug

September 2, 2014

(The News & Observer, Raleigh)

BioCryst Pharmaceuticals received another $2.4 million from the federal government to test an experimental treatment for the Ebola virus, the company said Friday. The award raises the total amount of the Durham-based drug developer's government contract to $24.4 million.

Novant partners with Campbell University to train medical students

September 2, 2014

(Winston-Salem Journal)

Campbell University announced a partnership with Winston-Salem-based Novant Health to help train medical students enrolled in its new School of Osteopathic Medicine, established to increase the number of doctors in rural areas. Novant's Rowan Medical Center in Salisbury will serve as a training center.

Summer business 'steady' at Southeastern NC beaches

September 2, 2014

(StarNews, Wilmington)

Owners of coastal hotels, restaurants and shops in Southeastern N.C. say business was steady this summer, despite heavy rains in August and Hurricane Arthur's brush with the the coastline on July 3.  Southport businesses fared particularly well, led by tourists wanting to visit sites featured in the movie "Safe Haven," which was filmed there in 2012. 

Feds ask for more information from Reynolds, Lorillard

September 2, 2014

(The Charlotte Observer) 

The Federal Trade Commission has asked Winston-Salem-baesd Reynolds American and Greensboro-based Lorillard to provide unspecified additional information in its antitrust review of the tobacco companies' planned $25 billion merger.

 

NC would have paid $107 million for Toyota

August 29, 2014

(The Charlotte Observer)

North Carolina was willing to offer Toyota an incentive package worth $107 million to bring its North American headquarters − and 2,900 high-paying jobs − to Charlotte. The automaker instead chose Plano, Texas, where the state provided $40 million but has lower taxes and direct flights to Japan.

Dosher Memorial to lay off 31 workers

August 29, 2014

(Greater Wilmington Business Journal)

Dosher Memorial Hospital confirmed it will lay off 31 of its approximately 350 workers, cut hours for some employees, and offer early retirement to 38 others. The Southport hospital has experienced a decline in patient numbers and lost about $1.3 million in the first nine months of the current fiscal year.

'Banshee' leaving Charlotte due to loss of tax credit

August 29, 2014

(WCNC.com)

Officials from "Banshee," the Cinemax television series that has filmed three seasons in Charlotte, say the show will move production to New Orleans due to the pending expiration of the state's film incentive program.

Red Hat CTO stepping down Sept. 5

August 29, 2014

(The News & Observer, Raleigh)

Brian Stevens, chief technology officer at Raleigh-based Red Hat, will step down Sept. 5 to pursue another opportunity. Stevens joined the open-source software provider in 2001 and became CTO in 2005.