Business

$1.2 billion spent on revitalization of downtown Winston-Salem

February 25, 2015

(Winston-Salem Journal)

Since 2000, a total of 88 projects with a combined investment value of $1.2 billion have been completed or are underway in downtown Winston-Salem. Health and technology projects, including the $106 million Wake Forest BioTech Place at Innovation Quarter, represent $445.4 million of the total.

German manufacturer bringing 138 jobs to Mills River

February 25, 2015

(Asheville Citizen-Times)

German manufacturer Raumedic will build its first U.S. plant in Henderson County, creating 138 jobs and investing $26.3 million over five years. The company makes polymer components such as tubing and catheters for the medical and pharmaceutical industries. The new jobs will pay an average annual salary of more than $55,000.

Hanesbrands to acquire SC collegiate-apparel company

February 25, 2015

(Winston-Salem Journal)

Hanesbrands plans to buy Spartanburg, S.C.-based Knights Apparel for $200 million. The company sells T-shirts and other apparel with college sports logos. Its clients include about 400 U.S. colleges and universities, and fiscal 2015 sales are projected to be about $180 million. The deal is expected to close in the second quarter.

New Hanover DA asks state to broaden probe of CFCC

February 25, 2015

(Greater Wilmington Business Journal)

New Hanover County district attorney Ben David has asked the State Bureau of Investigation to broaden its investigation of Cape Fear Community College amid new allegations against former president Ted Spring, who resigned abruptly in January. A member of the board of trustees alleges Spring asked an employee to write a report for him in exchange for consideration for a promotion.

Allegiant adding third Florida route out of Concord

February 25, 2015

(The Independent Tribune, Concord)

Allegiant Air will add twice-weekly, nonstop service from Concord to Fort Lauderdale, Fla., beginning May 8. It's the low-cost carrier's third Florida destination from Concord Regional Airport; Allegiant already has flights to the Orlando and Tampa Bay areas. 

Vidant board approves $320 million bond proposal

February 25, 2015

(The Daily Reflector, Greenville)

Vidant Health approved a $320 million bond proposal that would fund construction of a $194 million cancer center and other projects. The Greenville-based health care system plans to break ground on the cancer center March 20.

Wilmington's nCino raises $29 million

February 25, 2015

Wilmington-based software company nCino Inc. completed a $29 million round of financing led by New York-based private-equity firm Insight Venture Partners. Spun out of small-business lender LIve Oak Bank in 2012, nCino plans to use the funds to expand in the United States, enter international markets, accelerate product development and add new employees.

Mast General Store coming to downtown Winston-Salem

February 25, 2015

(Winston-Salem Journal)

Mast General Store will open its ninth store – its sixth in North Carolina – in downtown Winston-Salem in May. The company's first store was founded in 1883 in Valle Crucis. The 15,000-square-foot Winston-Salem store will be located in the 87-year-old building that originally housed the Brown-Rogers-Dixson Co. hardware store. The store will employ about 35 people.

Charlotte's Polypore sold to Japanese chemical company

February 24, 2015

(The Charlotte Observer)

Charlotte-based Polypore will be sold to a Japanese chemical company in a deal valued at $3.2 billion. Asahi Kasei will pay $60.50 per share in cash for the parent company of Celgard, which makes battery components and has plants in Charlotte and Concord.

Lenovo issues apology over adware

February 24, 2015

(WRAL TechWire)

Lenovo's chief technology officer apologized to customers about the Superfish adware the computer-maker pre-installed on laptops between September 2014 and January 2015. The company, which has its North American headquarters in Morrisville, first said the adware posed no security risk then later changed its statement and now calls the risk "severe."