Business

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.

Wells Fargo economists predict strong growth in the year ahead

December 17, 2015

(The Charlotte Observer)

Nonfarm employment in North Carolina is expected to rise 2.6% in 2016, according to a report from Wells Fargo Securities. Economists predict the state's unemployment rate will drop but still remain higher than the national average.

Vertex Railcar adding jobs as orders roll in

December 16, 2015

(StarNews, Wilmington)

Vertex Railcar says it has two orders for a total of 1,100 railcars that will keep the manufacturer busy through most of 2016. The company, which eventually plans to hire 1,300 people in Wilmington, has completed its first 60 cars. Vertex currently has 189 employees and is still hiring, according to Foster Sayers, the company's lawyer.

Charlotte restaurant boycotts Anheuser-Busch products

December 16, 2015

(The Charlotte Observer)

Diners at Queen City Q, a Charlotte restaurant chain with three locations and another planned, will no longer be able to order a Budweiser or Corona to wash down their meals. The chain is boycotting products associated with AB InBev after a Wall Street Journal story suggested the company rewards distributors who focus on its beers while limiting beers from craft brewers

Judge refuses to dismiss lawsuit over Amazon wind farm

December 16, 2015

(The News & Observer, Raleigh)

A judge on Monday denied a request to throw out a lawsuit seeking to block construction of the Amazon Wind Farm in northeastern North Carolina. A couple from Perquimans is seeking a lengthy regulatory review of the $400 million project, which is already under construction, that developers say would kill the project.
Read "Hot Air," from BNC's December issue, to learn more about the Amazon-financed project