Business

Chapel Hill drug developer raises $7.5 million

August 26, 2014

(The News & Observer, Raleigh)

Chapel Hill-based drug developer Heat Biologics received $7.5 million in debt financing from Durham-based Square 1 Bank. The company is developing treatments for bladder cancer and lung cancer.

Lump-sum pension payments boost pay for Novant execs

August 26, 2014

(The Charlotte Observer)

Some executives of Winston-Salem-based Novant Health brought home compensation in 2013 that was up to nine times the amount they made the previous year. The health-care system distributed one-time pension payouts as a result of a switching its retirement plan to one similar to a 401(k).

Former Hardee's exec gets promotion

August 26, 2014

(Rocky Mount Telegram)

Ned Lyerly became president of California-based CKE Restaurants' international division July 16. Lyerly worked for CKE and Hardee's in Raleigh and Rocky Mount from 1984 to 2001. CKE is the parent of Carl's Jr. and Hardee's restaurant chains. 

Event planner Tribble takes job with Wake Forest

August 26, 2014

(The Charlotte Observer)

Charlotte event planner Mary Tribble has taken a job in the advancement office of Wake Forest University. Tribble served as chief of events planning for the Democratic National Convention's host committee in 2012. She will remain in Charlotte in her new role.

Coal-ash warnings arrived late, officials say

August 25, 2014

(News & Record, Greensboro)

The director of Rockingham County's emergency management program wonders why Duke Energy officials didn't notify local emergency crews as soon as they discovered a coal-ash spill into the Dan River on Feb. 2. State environmental regulators say they weren't alerted to potential contamination of the area's water supply until about 18 hours after it was first detected by a Duke security guard.

Durham's Argos leases land for new $41M headquarters

August 25, 2014

(The News & Observer, Raleigh)

Argos Therapeutics signed a 10-year lease in Durham County where the drug developer will invest $41 million to build a new headquarters and manufacturing plant. Argos, which raised $45 million in an initial public offering in February, plans to create 236 new jobs by 2018.

Organic poultry company to renovate former Townsends plant in Siler City

August 25, 2014

(The News & Observer, Raleigh)

Carolina Premium Foods plans to invest $4 million to renovate a former Townsends chicken-processing plant in Siler City. The Whispering Pines-based company, which produces organic, free-range poultry products, expects to create 300 jobs within five years.

Hundreds attend Sanford fracking hearing

August 25, 2014

(The Fayetteville Observer)

More than 400 people attended a four-hour hearing on fracking for natural gas in Sanford Friday. The majority of the 85 speakers voiced opposition to the practice, which supporters say will create jobs in the area. 

Board finds contractor accountable in Boone motel deaths

August 25, 2014

(Asheville Citizen-Times)

The N.C. Board of Examiners of Plumbing, Heating & Fire Sprinkler Contractors suspended one contractor's license for a year and filed a complaint against a second contractor for mistakes at a Boone motel that led to the deaths of three people from carbon monoxide poisoning in 2013.

Hundreds of film supporters gather in Wilmington

August 25, 2014

(StarNews, Wilmington)

Several hundred crew members, vendors and others gathered for a group photo at Wilmington's Battleship Park to show support for the local film industry. The state legislature will allow the current incentive program to expire Jan. 1, 2015 and will replace it with a $10 million grant program.