Business

Construction to begin on Mebane candy factory

March 13, 2014

(The News & Observer, Raleigh)

Japanese candy-maker Morinaga & Co. will begin construction on its new 100,000-square-foot candy factory in Orange County in a few weeks. The company plans to invest $48 million and hire up to 90 workers with an average annual wage of $39,979. Production should begin by June 2015.

Fourth-quarter earnings strong for Krispy Kreme

March 13, 2014

(The Winston-Salem Journal)

Fourth-quarter net income for Winston-Salem-based Krispy Kreme Doughnuts increased to $14.7 million compared with $4.8 million a year ago. 

Federal jury rules against Charlotte's LendingTree in patent infringement case

March 13, 2014

(The Charlotte Observer)

A federal jury ruled that three competitors of Charlotte-based LendingTree.com did not infringe on patents the online lender holds to protect its methods to match borrowers with lenders.

Durham's Cree introduces new 100-watt LED bulb

March 13, 2014

(The News & Observer, Raleigh)

Durham-based Cree is cutting the prices of some of its LED lightbulbs by as much as 23% and will introduce a new 100-watt equivalent bulb that will retail exclusively at Atlanta-based Home Depot stores.

Chiquita contract says global headquarters must stay in Charlotte

March 12, 2014

(The Charlotte Observer)

Chiquita Brands International's contract with Charlotte and Mecklenburg County requires it to keep its headquarters there in order to continue to receive incentives and states the company must repay incentives already received if it relocates within 10 years. Chiquita announced this week it is merging with Irish fruit company Fyffes and moving its global headquarters to Dublin.

Shelby firm to offer high-speed broadband service similar to Google Fiber

March 12, 2014

(The Charlotte Observer)

Shelby-based RST Fiber says it spent four years installing cable and acquiring existing lines across North Carolina and is ready to introduce a new network that can connect to the Internet at speeds 100 times faster than today's offerings.

Durham's Chimerix will give first-grader access to experimental drug

March 12, 2014

(The News & Observer, Raleigh)

After a social media campaign urging Durham-based Chimerix to give a 7-year-old Virginia boy an experimental antiviral drug, the drug-development firm says it has reached an agreement with the Food and Drug Administration to make the drug available to the child, a four-time cancer survivor suffering from a potentially fatal viral infection, for six months.

Lexington Medical Center names Bill James president

March 12, 2014

(The Winston-Salem Journal)

Bill James will become president of Lexington Medical Center, an affiliate of Wake Forest Baptist Medical Center, effective April 21. James served 19 years as president and chief executive of Mount Airy's Northern Hospital of Surry County. 

Southwest wants to add flights from Dallas to Charlotte, Raleigh

March 12, 2014

(The Charlotte Observer)

Southwest Airlines wants to add nonstop flights from Dallas to about a dozen cities including Charlotte, Raleigh and Charleston, S.C. The carrier is hoping to add two gates at Dallas Love Field that American Airlines was forced to give up as a result of its merger with US Airways.

Carolinas HealthCare uses patient data to cut costs

March 12, 2014

(The Charlotte Observer)

Through expanded use of electronic medical records, Carolinas HealthCare System is harnessing patient information to prevent illnesses, manage chronic conditions and ultimately keep costs down. The hospital system is forecasting its first loss next year in more than 30 years.