Business

Murdock taps new leader for NC operations

December 11, 2015

(Independent Tribune, Concord)

Mark Spitzer was promoted to vice president for North Carolina operations for Castle & Cooke, billionaire David Murdock's real-estate business that includes the N.C. Research Campus. Previously director of human resources, Spitzer will oversee the company's real estate, recreational and hospitality operations in the Kannapolis area.

HondaJet gets long-awaited FAA approval

December 10, 2015

(News & Record, Greensboro)

Honda Aircraft can finally begin delivering its $4.5 million light jets, produced in Greensboro. CEO Michimasa Fujino said Wednesday that the Federal Aviation Administration has completed all testing of the aircraft; more than 100 orders have already been placed, the company says.

Campus Crest closing Charlotte HQ

December 10, 2015

(The Charlotte Observer)

Campus Crest Communities, which is being sold to Harrison Street Real Estate Capital in a $1.9 billion deal, will close its Charlotte headquarters and lay off 70 people. Founded in 2004, the company develops off-campus student housing near large universities.

Sprout CEO leaves company

December 10, 2015

(The News & Observer, Raleigh)

Cindy Whitehead will remain a consultant to Sprout Pharmaceuticals, the Raleigh-based company that was acquired by Canada-based Valeant Pharmaceuticals for $1 billion. Bloomberg reported last month that only 227 women filled prescriptions for Addyi, Sprout's drug designed to boost the female libido, in its first month on the market.

NC farmers urge Duke Energy to buy swine waste

December 10, 2015

(WRAL.com)

Hog farmers in North Carolina don't understand why Duke Energy isn't interested in purchasing more methane – a biogas made from hog waste – from Tar Heel farms to meet the company's renewable energy requirements. Duke officials say the state doesn't have the same infrastructure to convert hog waste into methane as farms in the Midwest.

Electrolux plans job cuts, Charlotte office spared

December 10, 2015

(The Charlotte Observer)

Plans to lay off employees in its small appliances unit won't impact Electrolux's 900 workers at its North American headquarters in Charlotte. The layoffs are unrelated to the Swedish company's failed deal to acquire GE's appliance division, which required Electrolux to pay a $175 million termination fee.

Kinston still courting minor league baseball

December 10, 2015

(Kinston Free Press)

Though a deal to bring minor league baseball to Kinston fell through last summer, the town is still in talks with the Texas Rangers to put a franchise in Grainger Stadium for the 2017 season.

Wood-pellet maker commits $5M for conservation

December 10, 2015

(The News & Observer, Raleigh)

Maryland-based Enviva will donate $5 million over 10 years to protect forests in North Carolina and Virginia from logging and development. The world's largest wood-pellet maker operates two mills in in northeastern N.C. and plans to open a third in Sampson County in 2016.

Arvato shuttering Weaverville facility, 120 layoffs expected

December 9, 2015

(Asheville Citizen-Times)

With DVD and CD sales plummeting in recent years, Arvato Digital Services will close its production plant in Weaverville after 32 years in operation. The plant once employed about 1,500 people.

Greensboro City Council OKs new funding for performing arts center

December 9, 2015

(News & Record, Greensboro)

Greensboro City Council approved a controversial plan requiring the city to take on an additional $9.6 million in bond debt to cover a budget shortfall for a planned performing arts center. The council also approved business incentives totaling more than $1.6 million for local expansions, including Ecolab and Natty Greene's Brewing Company.