Business

Investors strike down management change at Pittenger's land company

December 18, 2015

(The Charlotte Observer)

Pittenger Land Investments had sought to transfer management of its 52 limited liability companies to a subsidiary of Charlotte-based South Street Partners. The real-estate company plans to meet with key investors to devise a new plan, which could involve a revised agreement with South Street.

Vidant's new CEO likes kale salad — and french fries

December 18, 2015

(Greenville Daily Reflector)

Vidant Health CEO Mike Waldrum, who started at the Greenville-based health care system June 1, describes his favorite foods and exercise regime. Waldrum trained at the Mayo Clinic and is a former CEO at the Univeristy of Arizona Health Network.

Fayetteville looks at economic effects of potential Fort Bragg downsizing

December 18, 2015

(The Fayetteville Observer)

The city of Fayetteville was awarded a $300,000 federal grant to study how a potential loss of troops would impact the city and neighboring counties. The Army announced this summer that Fort Bragg would lose 842 soldiers by the end of 2018.

DuPont layoffs could affect RTP

December 18, 2015

(The News & Observer, Raleigh)

DuPont is undergoing a restructuring that will reduce its global workforce by 10%, but it's unclear what impact that will have on the company's 160 employees at Research Triangle Park. DuPont announced plans to merge with Dow Chemical next week.

Davidson, UNC Chapel Hill rank among best value colleges

December 17, 2015

(News & Record, Greensboro)

UNC Chapel Hill tops Kiplinger's Personal Finance's annual list of best-value public universities for the 15th year in a row. Davidson College was ranked fourth overall for best value while UNC was 10th and Duke University was 11th. Kiplinger's ranking is based on graduation rates, cost, financial aid, student debt and other factors.

UNC Health partners with Goldsboro hospital

December 17, 2015

(The News & Observer, Raleigh)

UNC Health Care will add a ninth hospital to its network when it enters into a management-services agreement with 316-bed Wayne Memorial Hospital in Goldsboro. The Chapel Hill-based health system will provide legal, clinical and other professional services. Wayne Memorial's board will maintain local control.

Vertex delivers first 30 cars

December 17, 2015

(StarNews, Wilmington)

Vertex Railcar CEO Don Croteau said Wednesday the Wilmington company has received an order for 2,800 more cars, bringing total orders to 3,900. Chinese investor Weiping Yu compared Vertex to Michael Jordan, who grew up in Wilmington, predicting the company will make "a great contribution to the rail industry."

Durham drug developer raises $30M

December 17, 2015

(WRAL TechWire)

Novan Therapeutics, a Durham-based biotech firm developing a nitric oxide-based acne treatment, has raised $30 million. That's on top of $50 million the company raised in March. Novan's board includes Robert Ingram, former CEO of GlaxoWellcome, and Cree co-founder F. Neal Hunter.

American Airlines adds three routes from Charlotte

December 17, 2015

(The Charlotte Observer)

American Airlines will add a daily nonstop flight from Charlotte to Madison, Wis., starting April 5 and weekly nonstop flights to the Caribbean island of Curacao and Puerto Plata in the Dominican Republic beginning Saturday.

Raleigh community activist Ray Price dies at 78

December 17, 2015

(WRAL.com, Raleigh)

Johnston County native Ray Price, owner of Ray Price Harley-Davidson in Raleigh, died Wednesday at 78. Price was well-known in the Raleigh community for hosting charity events and organized the annual Capitol City Bikefest, an event that drew more than 100,000 people to downtown Raleigh each year.