Business

Sanderson Farms plant in Robeson County to open in early 2017

February 3, 2016

(The Fayetteville Observer)

Construction of Sanderson Farms' $145 million chicken plant and nearby $17 million hatchery is underway, according to a spokesman, and the facilities are expected to open in January. The chicken processor said it will create more than 1,100 jobs.

California company adding 200 jobs in Concord

February 2, 2016

(The Independent Tribune, Concord)

ETS Express, a family-owned business that produces personalized drinkware products, plans to create 200 jobs over the next 18 months at a manufacturing and distribution center in Concord. The company will occupy a 152,000-square-feet building that was part of a $22 million speculative industrial project — Amazon also has a distribution center there — near Concord Regional Airport.

SAS continues streak of annual revenue growth

February 2, 2016

(The News & Observer, Raleigh)

Cary-based software company SAS Institute reported 2.3% revenue growth in 2015 to $3.16 billion. The company has posted annual revenue growth every year since it was founded in 1976. SAS added more than 1,800 new customers last year. Sales of risk software, which helps customers detect and minimize fraud, rose 17%.

NCSU report: More than 700,000 jobs could be lost to automation

February 2, 2016

(WRAL TechWire)

North Carolina could face the loss of more than 700,000 jobs due to automation, according to a recent N.C. State University study. The least vulnerable regions include the Triangle and Charlotte. Jobs most at risk include food service, retail and general office positions. Counties most at risk of losing a higher percentage of jobs are Watauga, Carteret, Dare and Johnston, according to the study.

Yarn-maker expanding Morganton operations

February 2, 2016

(The News Herald, Morganton)

Meridian Specialty Yarn Group will build a 100,000-square-foot addition to its yarn plant in Valdese, adding 25 jobs to its existing 140. The $8.5 million expansion will allow the Milwaukee-based company to make raw material it had previously been importing. Meridian will receive two state grants totaling nearly $1.9 million.

Two TV series filming in Wilmington receive state grants

February 2, 2016

(Greater Wilmington Business Journal)

TNT's Good Behavior and the History Channel's Six could receive up to $13.8 million in state film grants, according to a release from the N.C. Commerce department. The two projects, which will film in Wilmington, are expected to generate more than $57 million in direct in-state spending.

UNC REX names new COO

February 2, 2016

(The News & Observer, Raleigh)

Susan Sandberg, 55, was named chief operating officer at Raleigh-based UNC Rex Healthcare, filling a position vacated 10 months ago by Steve Burriss, who was promoted to president. Sandberg comes from Community Health Network, an Indianapolis system with eight hospitals and 12,000 employees.

Sheerer named provost at UNC Wilmington

February 2, 2016

(Greater Wilmington Business Journal)

Marilyn Sheerer, interim provost at UNC Wilmington since June, was named to the position on a permanent basis. Sheerer will serve as chief operating officer of the university, which enrolls more than 14,000 students. She succeeds Denise Battles, who left to become president of the State University of New York at Geneseo.

Blue Cross predicts ACA losses will top $400 million

February 1, 2016

(The News & Observer, Raleigh)

The state's largest health insurer is projecting a combined loss of more than $400 million on Affordable Care Act customers in 2014 and 2015. Blue Cross and Blue Shield said it is eliminating agents' sales commissions on ACA plans and will stop advertising the policies.
Also: Insurance companies struggle financially as ACA deadline looms

BofA prepares to file 20 blockchain patents

February 1, 2016

(American Banker)

Trying to stay ahead of the curve, Bank of America is preparing to file 20 blockchain-related patents, according to a CNBC report. As of December, the Charlotte-based bank had already filed 15 blockchain patents. A blockchain is a public ledger of all Bitcoin transactions.
More on Bank of America: Analyst: BofA at greater risk of a shareholder push to restructure