Business

GE awaits decision on Export-Import Bank

June 17, 2015

(StarNews, Wilmington)

Employees of GE Hitachi and GE Aviation near Wilmington are watching to see if Congress will reauthorize the Export-Import Bank, which gives foreign companies loan guarantees to purchase products that are made in the United States. A GE spokesman said the company, which employs about 3,000 in the Wilmington area but does most of its business outside the U.S., needs the Export-Import Bank to stay competitive. The bank is scheduled to shut down June 30.

Durham's Chimerix raises $173 million

June 17, 2015

(The News & Observer, Raleigh)

Durham-based Chimerix raised $173 million in a stock offering. The drug developer offered 4.34 million shares priced at $39.75 each. Chimerix plans to use the funds to finance ongoing clinical trials for its antiviral drugs.

Analysts expect Family Dollar to drop prices after acquisition

June 17, 2015

(The Charlotte Observer)

Analysts with Sterne Agee said prices could drop at Family Dollar's retail stores following the $8.5 billion acquisition by Dollar Tree, which is expected to close in early July.

Fabric company expanding in Maiden

June 16, 2015

(Winston-Salem Journal)

Carolina Nonwovens will invest $12.2 million in its Maiden plant, adding 35 jobs over three years. A subsidiary of Washington, N.C.-based National Spinning, the company makes nonwoven fabrics for use in products such as bedding and outdoor cushions and insulation for autos and appliances.

Chicago developer bids on coveted downtown Charlotte site

June 16, 2015

(The Charlotte Observer)

A Chicago-based company has put in a third upset bid for an uptown Charlotte property at Stonewall and South Caldwell streets. Morgan Bond Charlotte, which is affiliated with Bond Companies, offered $15.1 million for the 3.8-acre parcel. The initial bid on the property was$12.2 million; Charlotte-based Northwood Ravin recently offered $14.15 million.

Charlotte's Curtiss-Wright awarded $480M in contracts

June 16, 2015

(The Charlotte Observer)

Curtiss-Wright was awarded contracts valued at $480 million to supply submarine components for the U.S. Navy. The Charlotte-based manufacturer moved its headquarters from New Jersey in early 2014.

Hospitality industry watches, waits after shark attacks

June 16, 2015

(Greater Wilmington Business Journal)

Town governments and real-estate rental agencies along the North Carolina coast have had a few inquiries following recent shark attacks at Oak Island and Ocean Isle Beach, though vacationers don't seem to be canceling their summer beach plans.

Wake Forest Baptist receives $20M for cancer research

June 16, 2015

(Winston-Salem Journal)

Wake Forest Baptist Medical Center received $20 million from an anonymous donor to research the use of a type of muscadine grape extract as a treatment for cancer. Native to the southeastern U.S., the muscadine grape contains high levels of antioxidants.

Blue Cross and Blue Shield to offer Triangle-only health plan

June 16, 2015

(The News & Observer, Raleigh)

Blue Cross and Blue Shield will launch a lower-cost ACA health-insurance plan available only to residents of seven counties in the Triangle. Costs were not disclosed, though the company said monthly premiums under the limited-network plan will be about 15% lower than its most comprehensive state plans.

Strata Solar hiring 200 in Fayetteville

June 16, 2015

(The Fayetteville Observer)

Strata Solar is looking to hire 200 workers to build solar farms in Robeson and Scotland counties. The Chapel Hill-based company plans to build 30 farms in the state next year.