Business

Report says higher education in NC has $63.5 billion impact

February 19, 2015

(The News & Observer, Raleigh)

A study released Wednesday says North Carolina's public and private universities and community colleges had a $63.5 billion impact on the state's economy in 2012-13. The report, conducted by Idaho-based Economic Modeling Specialists International, estimates the impact equals the creation of 1 million jobs.

Reports say Lenovo adware may cause security issues

February 19, 2015

(WRAL TechWire)

Global media outlets are reporting that some Lenovo laptops are preloaded with malicious software that could pose a security threat. The security hole is related to Superfish, an adware program the world's No. 1 PC maker pre-installed on some of its computers. 

Nine NC chefs named James Beard semifinalists

February 19, 2015

(The News & Observer, Raleigh)

Nine North Carolina chefs were named semifinalists for the prestigious James Beard awards. Phoebe Lawless of Durham's Scratch Bakery and Lionel Vatinet of Cary's La Farm Bakery are semifinalists for Outstanding Baker, a new category this year. Seven chefs are nominated for the regional Best Chef Southeast award.

Charlotte gets seasonal flight to Albuquerque

February 19, 2015

(The Charlotte Observer)

American Airlines will add a seasonal nonstop flight from Charlotte to Albuquerque, N.M., beginning June 5. It's Charlotte's first nonstop flight to New Mexico's largest city.

VF adding 150 retail stores

February 19, 2015

(News & Record, Greensboro)

VF plans to add 150 retail stores to its existing 1,401 in 2015. The Greensboro-based apparel company, whose brands include The North Face, Timberland and Wrangler, reported record revenue in 2014 of $12.3 billion.

AT&T completes Alltel acquisition in NC

February 19, 2015

(The Charlotte Observer)

AT&T will roll out service for more than 60,000 Alltel customers across the state after upgrading Alltel's former network with its own 4G LTE network. AT&T announced it would acquire Alltel's North Carolina wireless operations in September 2013.

TW Garner announces new leadership team

February 19, 2015

(Winston-Salem Journal)

TW Garner Food, the Winston-Salem-based maker of Texas Pete Hot Sauce, has named President Ann Garner Riddle chief executive officer. The company also shuffled management positions of three other leaders in order to open up the executive vice president and vice president positions to nonfamily members, according to Chief Marketing Officer Glenn Garner.

Wilmington awaits film announcement

February 19, 2015

(StarNews, Wilmington)

Film-industry leaders in Wilmington will make an announcement at EUE/Screen Gems Studios at 10:30 Thursday morning. Mayor Bill Saffo will be on hand, as well as Bill Vassar, executive vice president of the studios, and other local leaders. No further details were provided.

Cary's PurThread partners with Burlington

February 19, 2015

(The News & Observer, Raleigh)

PurThread Technologies will partner with Greensboro-based textile company Burlington to develop products incorporating the Cary company's anti-microbial yarns. PurThread, which previously sold products such as lab coats and scrubs directly to hospitals, now works specifically with established corporate partners including Eastman Kodak.

Duke Energy to pay $100M penalty in coal-ash probe

February 18, 2015

(The Charlotte Observer)

Charlotte-based Duke Energy said it will pay about $100 million to resolve a federal investigation of its coal-ash management. The investigation began about a year ago, following the Feb. 2, 2014 spill that dumped up to 39 million tons of coal ash into the Dan River ("Heart of Coal," April 2014).