Business

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.

Cone Health to sell its own health insurance

February 6, 2015

(News & Record, Greensboro)

Greensboro-based Cone Health is developing its own health-insurance plan it hopes will allow it to save money by keeping its patients healthier.

Charlotte airport breaks passenger record

February 5, 2015

(The Charlotte Observer)

More than 44.3 million people traveled through Charlotte Douglas International Airport in 2014, breaking an all-time passenger record. The total number of passengers increased 2% over the previous year, while the number of international passengers rose 4%. 

Pfizer to acquire Hospira for $15 billion

February 6, 2015

(Rocky Mount Telegram)

New York-based drugmaker Pfizer will acquire Lake Forest, Ill.-based Hospira for about $15.2 billion, though it's unclear how the deal will affect Hospira's manufacturing plant in Rocky Mount, which employs 2,600 people.

Citrix layoffs have minimal impact in Raleigh

February 6, 2015

(The News & Observer, Raleigh)

California-based software company Citrix Systems will only lay off a handful of employees at its Raleigh office as part of companywide cuts that will affect 900 workers. Fewer than five local employees will be affected, a company spokeswoman said. 

CFCC officials say variety of issues led to Spring's resignation

February 6, 2015

(Greater Wilmington Business Journal)

Members of Cape Fear Community College's board of trustees said ongoing tensions led to the resignation of President Ted Spring. Spring resigned Jan. 22 following questions over expense reimbursements and the use of bond funds to pay for school construction projects.

Charlotte airport seeks to expand, add 4th runway

February 5, 2015

(The Charlotte Observer)

Charlotte Douglas International Airport wants to build a fourth runway at a cost of $92.5 million and increase the number of gates from 93 to 164. The airport will present expansion plans to the Charlotte City Council on Monday.