Business

More details on new business at Philip Morris plant coming Oct. 28

October 14, 2014

(The Charlotte Observer)

The new owner of the former Philip Morris plant in Concord will make a jobs announcement on Oct. 28, a company spokesman said Monday. Victory Industrial Park paid $68.5 million for the 2,100-acre campus in April. The company's ads on Careerbuilder.com indicate the company makes batteries for commercial applications and electric cars.

President of William Peace University to retire

October 14, 2014

(The News & Observer, Raleigh)

Debra Townsley will retire as president of William Peace University after five years in the position. Townsley oversaw the school's transition from a women's college to a co-ed university in 2012. She will leave when her contract expires June 30 to pursue other interests and spend time with her grandchildren.

Concord Regional to expand airport ramp

October 14, 2014

(The Independent Tribune, Concord)

Concord Regional Airport will use $4.37 million in federal grant money to expand a ramp, which will relieve congestion and allow more planes to park at the airport. 

Triangle to host entrepreneurial summit in 2015

October 14, 2014

(WRAL TechWire)

The Triangle will host the 2015 UP America Summit, an event that is expected to draw nearly 200 entrepreneurs from across North America. Dates haven't been announced.

House of Raeford to close Hoke County plant, lay off 400

October 13, 2014

(The Fayetteville Observer)

A little more than a year after closing a Raeford turkey-processing plant and laying off 950 workers, House of Raeford announced it will close its cooked-turkey plant in Hoke County within 60 days. About 400 workers will lose their jobs. Costs at the plant rose more than 250% over the past year since the company had to buy its turkeys from other vendors.

'Under the Dome' will return to Wilmington in 2015

October 13, 2014

(Greater Wilmington Business Journal)

CBS Television Studios will return to Wilmington to film the third season of summer TV series Under the Dome in the first quarter of 2015, despite recent changes to North Carolina's film incentive program. Guidelines for the new state film grant program are still being developed and should be complete by the end of October. 

 

Carolina Panthers could fetch up to $1.7 billion

October 13, 2014

(The Charlotte Observer)

Though the Carolina Panthers aren't believed to be for sale, sports business experts say the NFL team could bring in between $1.1 billion and $1.7 billion. NFL owners recently approved the sale of the Buffalo Bills for $1.4 billion, and experts say Charlotte is a more attractive market for an NFL team.

Pork industry rebounds from pig virus

October 13, 2014

(WRAL.com)

Hog supplies have risen now that a virus that has killed millions of young pigs across the nation (Statewide, April) has tapered off due to warmer weather and farmers taking more precautions to manage outbreaks. There are about 2,900 hog farms in North Carolina, mostly in Eastern N.C.

NC Research Campus ready for growth

October 13, 2014

(The Charlotte Observer)

While the recession stalled growth at North Carolina Research Campus in Kannapolis, the campus will soon begin more independent research and plans to make a major corporate announcement within a month or so. David Murdock, who opened the campus in 2008, announced earlier this month he will give $15 million a year to the center's research lab that bears his name.

Durham tech startup gets 12,000 pre-orders for fitness device

October 13, 2014

(The News & Observer, Raleigh)

A Durham-based technology startup says it has received 12,000 pre-orders for a wearable fitness-tracking device for kids. Squord (pronounced "scored") CEO Coleman Greene says the company expects to sell 15,000 Squord Boosters by year-end.