Business

NC tech companies to present at Southeast Venture Conference

March 24, 2015

(Greater Wilmington Business Journal)

Wilmington-based nCino and Next Glass are among 50 high-growth tech companies that will present at the Southeast Venture Conference, which will be held March 31-April 1 in Charlotte. More than 100 venture-capital and private-equity investors are expected to attend. Other North Carolina-based companies who will present include Winston-Salem-based Clinical Ink, Charlotte-based T1Visions and Durham-based Windsor Square.

Charlotte's SPX appoints IBM executive to board

March 24, 2015

(The Charlotte Observer)

Charlotte-based SPX named IBM's Anne Altman to its board of directors. Altman is general manager of U.S. Federal and Government Industries at the Armonk, N.Y.-based tech company. SPX makes engineered products for the food and beverage industry, oil and gas processing, and other industries.

Family Dollar CEO donates $45M to foundation

March 23, 2015

(The Charlotte Observer)

Howard Levine, CEO of Matthews-based Family Dollar Stores, will give $45 million he raised from selling 60,000 shares of company stock to his namesake foundation. Created in 2010, the Howard R. Levine Foundation now has $65 million in assets. Levine plans to give most of the money to social-services needs, including food and housing.

BB&T completes acquisition of Texas Citibank branches

March 23, 2015

(Winston-Salem Journal)

BB&T completed its $121.9 million purchase of 41 Citibank branches in Texas, making it the 14th largest bank in the Lone Star State. Most of the branches are in Dallas and Houston. The Winston-Salem-based bank acquired 21 Texas Citibank branches, mostly in the Austin and San Antonio markets, last June.

Winston-Salem's Clinical Ink raises $17 million

March 23, 2015

(Winston-Salem Journal)

Clinical Ink, a Winston-Salem-based clinical-research technology firm, raised $17 million in venture-capital funding and will acquire Boston-based CentrosHealth. Founded in 2006, the company also announced it will partner with pharmaceutical company Novartis, which was drawn to the company's electronic platform for use in clinical trials.

Biogen changes name, reports positive results for Alzheimer's drug

March 23, 2015

(The Herald-Sun, Durham)

Biogen reported promising results of an Alzheimer's treatment it is developing. The Massachusetts-based biotech company, which has a manufacturing site in RTP, said Friday that its investigational drug successfully slowed cognitive decline in patients with the progressive neurological disease. The company also shortened its name from Biogen Idec effective Monday.

Asheville's River Arts District gets makeover

March 23, 2015

(Asheville Citizen-Times)

Asheville's River Arts District will benefit from $50 million in public funding and about $200 million in private investment over the next six years. The money will pay for greenways, road improvements and other infrastructure upgrades in the once-industrial area.

Wilson anticipates lower power bills after Duke Progress deal

March 23, 2015

(The Wilson Times)

Wilson residents can expect double-digit decreases in electric rates once assets of the N.C. Eastern Municipal Power Agency are sold to Duke Energy Progress (Statewide, September 2014), according to City Manager Grant Goings.

Greensboro's Urban Loop to shape area's development

March 23, 2015

(News & Record, Greensboro)

Greensboro's 44-mile Urban Loop is expected to fuel growth in the city's suburbs and open up land for industry by improving access to Piedmont Triad International Airport.

Snyder's-Lance expands healthy-snack options

March 23, 2015

(The Charlotte Observer)

Snyder's-Lance plans to introduce a gluten-free sandwich cracker this spring, the latest move by the Charlotte-based snack-maker to expand its healthier offerings. The company last year bought organic-chip company Late July Snacks and Baptista's Bakery, which makes baked snacks.