Business

HanesBrands' dive an omen for Panthers' loss?

February 8, 2016

The Panthers weren't the only iconic Tar Heel company to have a bad weekend. HanesBrands shares declined 15% on Friday after the company's earnings and sales missed expectations. Executives blamed warm weather for stunting apparel sales.

DOT: Work on Charlotte's Independence could resume in March

February 8, 2016

(The Charlotte Observer)

Construction to widen Charlotte's Independence Boulevard could resume by the end of March, according to the N.C. Department of Tranportation. Michigan-based contractor DeVere stopped working on the project last week due to a financial dispute with the state.

Tony Zeiss, president of CPCC, to retire

February 5, 2016

(The Charlotte Observer)

Longtime Central Piedmont Community College President Tony Zeiss said Thursday he will retire in July. Zeiss, 70, has led the Charlotte college since 1992. During his tenure, enrollment soared to 70,000 students and the school grew from one campus to six.

Amazon rolls out one-hour delivery service in Raleigh

February 5, 2016

(The News & Observer, Raleigh)

For just $7.99, Amazon Prime members in Raleigh can have their orders delivered within an hour; two-hour delivery is free. Raleigh is among 25 cities where the e-commerce retailer now offers the expedited service. The Prime loyalty program costs $99 a year.

Carolinas HealthCare CEO earns 26% more in 2015

February 5, 2016

(The Charlotte Observer)

Michael Tarwater, CEO of Charlotte-based Carolinas HealthCare System, received $6.6 million in total compensation in 2015 compared with $5.3 million the previous year. A company spokeswoman said part of the increase is related to Tarwater's pending retirement in June. He has worked for the $8 billion hospital system for 35 years.

Asheville awaits brewery announcement

February 5, 2016

(Asheville Citizen-Times)

Deschutes Brewery will announce in about a month where it plans to build its East Coast brewery. The Bend, Ore.-based beer company is believed to be considering Asheville; Roanoke, Va.; and Charleston and Greenville, S.C. The brewery would create 100 jobs and is expected to become a tourist destination similar to Sierra Nevada's Mills River brewery.

Southern Pines retailer to appear on ABC's Shark Tank

February 5, 2016

(The Pilot, Southern Pines)

R. Riveter, a retailer of handbags and accessories in Southern Pines, will pitch their business to investors on ABC's Shark Tank Friday night at 9 p.m. Co-founders Cameron Cruse and Lisa Bradley, both military spouses, started the company in Cruse's attic making handbags out of recycled military materials. The company now employs 12 people and 12 contractors.

ChannelAdvisor reports record Q4 revenue

February 5, 2016

(The News & Observer, Raleigh)

Morrisville-based ChannelAdvisor surprised analysts when it reported a 24% increase in revenue in the fourth quarter. Quarterly revenue for the e-commerce company totaled $29.4 million, up from $23.8 million a year ago and higher than the $26.5 million analysts had projected. Annual revenue topped $100 million for the first time.

Earnings report roundup

February 5, 2016

Old Dominion finished 2015 on solid profit note, Winston-Salem Journal
Hanesbrands posts record 2015 despite softer fourth-quarter sales, Winston-Salem Journal
Credit Suisse announces 4,000 jobs cuts amid big Q4 loss, The Charlotte Observer

NC Biotech Center awards $1.6M in grants

February 5, 2016

(WRAL TechWire)

The North Carolina Biotechnology Center awarded 18 loans and grants totaling more than $1.6 million to advance life-sciences technologies in the state. Recipients include researchers at Duke University, N.C. State University and UNC Greensboro.