Business

Pork industry doesn't want renewable-energy law to change

July 7, 2015

(The News & Observer, Raleigh)

Pork producers in North Carolina, who have spent millions developing ways to turn hog manure into fuel, are urging state legislators not to change a renewable energy policy that requires utilities to use swine waste to produce electricity.

Study: Jacksonville is most expensive city in NC

July 7, 2015

(Jacksonville Daily News)

A new study says it costs more to live in Jacksonville than in any of North Carolina's 14 metropolitan areas.

Inmar makes another acquisition

July 7, 2015

(Winston-Salem Journal)

Winston-Salem-based Inmar will acquire Scanner Applications, a Cincinnati-based tech company that employs 45 people, for an undisclosed amount. It's the fourth deal announced by Inmar, a digital-coupon processor, since January 2014.

BioDelivery Sciences plans public stock offering

July 7, 2015

(The News & Observer, Raleigh)

Raleigh-based BioDelivery Sciences International plans to raise as much as $150 million in a public stock offering. The drugmaker plans to use proceeds for sales and marketing efforts and to accelerate development of products awaiting regulatory approval.

2 High Point business-development groups to merge

July 7, 2015

(News & Record, Greensboro)

The High Point Chamber of Commerce and High Point Partners will merge together, creating Business High Point.

Curtiss-Wright sells non-core business unit

July 7, 2015

(The Charlotte Observer)

Curtiss-Wright, the defense and aerospace manufacturing company that moved its headquarters to Charlotte from New Jersey in 2014, sold off its electronics-packaging unit for an undisclosed amount.

FAA could approve drone use for farmers

July 6, 2015

(The News & Observer, Raleigh)

An FAA proposal would allow daytime use of unmanned aerial vehicles weighing less than 55 pounds by farmers and other business owners. A drone-industry trade group says agriculture could account for 80% of commercial drone use.
Related: Pie in the Sky (September 2014)

Raleigh to decide on Kane's proposal for warehouse district

July 6, 2015

(The News & Observer, Raleigh)

Raleigh City Council will consider Tuesday a proposal for Kane Realty to build an 18-story office tower in downtown Raleigh's warehouse district. With three council members recusing themselves due to ties with the Raleigh-based developer, all five remaining members must approve the project in order for it to move forward.

TW Garner moving HQ to downtown Winston-Salem

July 6, 2015

(Winston-Salem Journal)

TW Garner Food, the maker of Texas Pete Hot Sauce, is looking to raise its community profile by moving its headquarters back to downtown Winston-Salem.

Cardinal Innovations settles with former CEO

July 6, 2015

(The Charlotte Observer)

Kannapolis-based Cardinal Innovations Healthcare Solutions gave ousted CEO Pamela Shipman a 53% raise, reflecting the nonprofit's expanded territory that includes Mecklenburg County.