Business
BASF may expand again in RTP
April 15, 2013
(The Herald-Sun, Durham)
German chemical company BASF may expand its plant science and crop protection business in Research Triangle Park.
UNC poised to name first female chancellor
April 12, 2013
(The News & Observer, Raleigh)
UNC Chapel Hill is expected to name Carol Folt, a Dartmouth College administrator and scientist, its 11th chancellor. She would be the first female to fill the role.
Memo disputes value of film tax incentives
April 12, 2013
(StarNews, Wilmington)
A memo from the General Assembly's Fiscal Research Division to a powerful Senate Republican claims incentives for the film industry have generated fewer than six dozen jobs despite more than $30 million in credits that were awarded in 2011.
Bill would give North Carolina lowest corporate income tax in the Southeast
April 12, 2013
(Winston-Salem Journal)
A bill proposed in the state House would lower North Carolina's corporate income tax rate to 4.9%, a move that would make it the lowest in the Southeast. It was not clear how legislators would make up the lost revenue.
Opposition mounts against solar energy in Southeastern North Carolina
April 12, 2013
(The Fayetteville Observer)
Opposition to solar farms has increased in Southeastern North Carolina, with officials in Robeson and Scotland counties recently voting against the projects as more residents protest them. Common complaints are that they are unsightly and their environmental effects are unknown.
Trinity bringing sweet-potato plant to Pembroke
April 12, 2013
(The Fayetteville Observer)
Trinity Frozen Foods will build a sweet-potato processing plant in Pembroke, investing $15 million and creating 149 jobs within three years. It plans to produce 12 million to 15 million pounds of sweet potato fries yearly.
Durham drug company raises $102M in IPO
April 12, 2013
(The News & Observer, Raleigh)
Durham-based drug developer Chimerix raised $102 million in its initial public offering Thursday, exceeding the company's expectations. The company does not have a drug on the market yet.
Morrisville e-commerce company plans IPO
April 12, 2013
(The News & Observer, Raleigh)
Morrisville-based e-commerce software maker ChannelAdvisor hopes to raise nearly $86.3 million by going public. It wants to use the money to expand sales and marketing and its international presence.
Financial-support firm to hire 250 in Raleigh
April 12, 2013
(The News & Observer, Raleigh)
New York-based Ipreo Holdings, a company that offers market intelligence and technology to investment banks, plans to open a downtown Raleigh office, hiring 150 workers by the end of the year and 250 by the end of 2017.
South Charlotte housing market should benefit from MetLife decision
April 12, 2013
(The Charlotte Observer)
Insurance giant MetLife's decision to open an office that will hire 1,380 workers in Ballantyne Corporate Park in south Charlotte is expected to help home sales near the business park.MetLife is establishing a retail hub in the city.
