Business

North Carolina's new prosperity hasn't reached many areas

December 28, 2015

(Greensboro News and Record)

About 300,000 more people are working in North Carolina this year than at the beginning of 2007, but virtually all of the growth occurred in the Triangle and Charlotte metro areas, a study of employment statistics show. Twenty-six N.C. counties have lost jobs over the past year. The Triangle and Charlotte have added more than 380,000 jobs since 2007, while the Greensboro-Winston-Salem area has expanded by fewer than 3,500.

Drug developer Chimerix's stock collapses

December 30, 2015

(The News & Observer)

Chimerix shares declined 81% on Monday after the Durham-based company reported disappointing results in a clinical trial. A Chimerix drug was tested in a trial of 452 adults who had undergone stem cell transplants at more than 40 transplant centers. The drug was initially effective in suppressing an infection initially, but the infection returned. Shares traded for more than $53 in July, but were at about $7 today. CEO Michelle Berrey said the company had $378 million in capital as of Sept. 30.


Read more here: http://www.newsobserver.com/news/business/article51965455.html#storylink=c. The drug development company said patients who took its drudied at higher rates than those who ingested a placebo. 

Read more here: http://www.newsobserver.com/news/business/article51965455.html#storylink=cpy

Cary-based SAS promotes two execs

December 24, 2015

(The News & Observer, Raleigh)

SAS Institute promoted Randy Guard, who has worked for the software company for more than 15 years, to chief marketing officer. Guard succeeds Jim Davis, a longtime SAS employee who left to take a similar role at California-based Informatica. Also, Fritz Lehman was promoted from senior vice president of customer engagement and support to chief customer officer, a new position.

Charlotte software company raises $7.3M

December 24, 2015

(Yahoo Finance)

MapAnything completed a $7.3 million financing that was led by Greycroft Partners and included Salesforce Ventures. Previously called Cloudbilt, the Charlotte-based software developer's apps help sales and marketing representatives locate leads and create marketing campaigns based on geography.

PTI says no to Uber drivers

December 24, 2015

(Winston-Salem Journal)

Uber drivers waiting for customers at Piedmont Triad International Airport will now have to park off-site. Executive Director Kevin Baker says that's due to the airport's contract with a local cab company. RDU recently announced a new agreement with Uber and Lyft: The airport will charge a $1 fee for every airport trip and has designated a staging area for the ride-hailing services.

Piedmont Natural Gas earnings drop in 2015

December 24, 2015

(The Charlotte Observer)

The Charlotte-based energy company said profits fell 5% in 2015, to $137 million from $143.8 million the previous year. Costs related to Piedmont's pending $4.9 billion sale to Duke Energy affected earnings.

Shareholder sues over NewBridge-Yadkin merger

December 24, 2015

(Winston-Salem Journal)

A NewBridge Bancorp shareholder is suing the company's executives and board of directors, claiming they undervalued the Greensboro-based bank in its proposed $456 million sale to Raleigh-based Yadkin Financial.

Fidelity sells 69 acres in RTP

December 24, 2015

(The News & Observer, Raleigh)

The Research Triangle Foundation paid more than $12 million for the land near the intersection of Interstate 540 and Davis Drive. Boston-based Fidelity Investments had planned to build a campus there but instead decided to buy and renovate the Network Center office park, also at RTP. Fidelity said in October it plans to add 600 jobs over three years in the Triangle.

Asheville area may attract 350-employee auto-parts plant

December 22, 2015

(Asheville Citizen-Times)

Switzerland-based GF Automotive and Linamar, a Canada-based powertrain company, may build a plant with as many as 350 employees over the next several years. A Jan. 4 hearing of the Henderson County Board of Commissioners will “consider economic-development incentives” for the GF Automotive-Linamar collaboration, Wyatt said. The partnership plans to invest $42.3 million in a factory and another $174.9 million in machinery and equipment through 2023, according to public records.

More than 10 million now call N.C. home

December 22, 2015

(Associated Press)

North Carolina now has more than 10 million residents, growing faster in the past year than all but five states. Among southeast states, Florida and Georgia added more residents than North Carolina during the year ended July 1. It is the ninth-most populous state.