Business

Morrisville-based SciQuest beats earnings estimates

February 9, 2015

(The News & Observer, Raleigh)

Morrisville-based SciQuest reported fourth-quarter revenues that beat analysts' expectations. The software company, which added 17 new customers in the quarter, also posted net income of $200,000 compared with a loss of $1 million in the fourth quarter of 2013. The company's stock is down 38% over the past year (NCtrend, September 2014)

Chiquita leaving Charlotte by year-end

February 9, 2015

(The Charlotte Observer)

Chiquita Brands International has begun layoffs in Charlotte, and the produce company plans to leave the city by the end of 2015, sooner than previously announced. The produce company said last month it would move its headquarters over 12 to 18 months after it was acquired by two Brazilian companies for $631 million.

Quintiles founder steps down as chairman

February 9, 2015

(WRAL TechWire)

Dennis Gillings will step down as chairman of Durham-based Quintiles later this year. Gillings co-founded what is now the world's largest contract-research organization more than three decades ago. He will remain a member of the board.

Durham-based Scynexis announces leadership changes

February 9, 2015

(The News & Observer, Raleigh)

Marco Taglietti will become CEO of Durham-based Scynexis April 1, replacing Yves Ribeill, who will remain president. Chief Medical Officer Carole Stable is also stepping down. Scynexis is developing a treatment for life-threatening fungal infections. 

Snyder's Lance adds healthy-snack division

February 9, 2015

(The Charlotte Observer)

Snyder's-Lance will add a new division focused on healthy snacks, the Charlotte-based company announced last week. The company increased its equity in organic-chip manufacturer Late July Snacks in November.

Greenboro-based Cone Health reports increase in excess revenue

February 9, 2015

(Winston-Salem Journal)

Greenboro-based Cone Health reported $19.5 million in excess revenue for the first fiscal quarter, up 88.7%. The health system also reported a 9.2% increase in operating revenue, citing high patient volumes related to the flu.

Golden LEAF Foundation sets aside $50M for auto plant

February 6, 2015

(The Charlotte Observer)

The Golden LEAF Foundation announced it is reserving $50 million for incentives to help lure an auto manufacturer to North Carolina. Golden LEAF was created in 1999 with funds from the national tobacco settlement. The foundation says it has about $800 million cash on hand, so the earmarked funds won't affect other grant-making efforts.

American Airlines seeks to extend NC sales tax break

February 6, 2015

(The Charlotte Observer)

American Airlines, which accounts for more than 90% of flights at Charlotte Douglas International Airport, is joining other carriers in seeking an exemption from millions of dollars in sales taxes on jet fuel. A tax break that caps the taxes at $2.5 million is set to expire in 2016.

Fayetteville area leaders voice concern over troop cuts

February 6, 2015

(The Fayetteville Observer)

About 450 people attended an Army "listening session" in Fayetteville Thursday to express concern over potential cuts that could cost Fort Bragg up to 16,000 troops and Army civilians. Civic leaders warned of an "economic tsunami" if Fort Bragg experiences deep cuts.

RTP drugmaker raises $33 million

February 6, 2015

(The News & Observer, Raleigh)

G1 Therapeutics raised $33 million in a round of funding led by Wilmington-based Eshelman Ventures and Boston-based RA Capital Management. The company, based in Research Triangle Park, is developing a treatment to prevent certain cancer cells from replicating.