Business

Durham app developer acquired by Ticketmaster

April 1, 2015

(The News & Observer, Raleigh)

Ticketmaster will acquire Durham app developer Two Toasters for an undisclosed amount. Two Toasters has developed apps for brands including Regal Cinemas, Lexus and Dick's Sporting Goods. Following the sale, the company will work exclusively on Ticketmaster projects.

Aquesta, CommunityOne buy CertusBank branches

April 1, 2015

(The Charlotte Observer)

Aquesta Bank will acquire a CertusBank branch in Charlotte's SouthPark neighborhood. It will be the seventh branch for the Cornelius-based bank and its first in Charlotte. Greenville, S.C.-based CertusBank, which was started in Charlotte by former Wachovia and Bank of America executives, also plans to sell a Lenoir branch to Charlotte-based CommunityOne Bancorp.

Durham's BioCryst awarded up to $35M for Ebola treatment

April 1, 2015

(The News & Observer, Raleigh)

Durham-based drug developer BioCryst Pharmaceuticals will receive up to $35 million in federal funding to accelerate clinical studies for its experimental Ebola treatment.

President of Wake Forest Baptist Health steps down

March 31, 2015

(Winston-Salem Journal)

Karen "Bobbi" Carbone is stepping down as president of Wake Forest Baptist Health, a division of Wake Forest Baptist Medical Center. Carbone joined the division in March 2014 as chief operating officer and became president when Thomas Sibert retired in August. The Winston-Salem-based health system said Carbone is leaving "to pursue other opportunities." Mike Rutherford, chief financial officer, also plans to step down in April.

Volvo will invest $500M in US auto plant

March 31, 2015

(The News & Observer, Raleigh)

Volvo said Monday it will invest $500 million to build a new car-manufacturing plant in the United States, and reports have said North Carolina is one of several states in the running. The company said it has "drawn up a short list" of potential sites; The Wall Street Journal reported the location will be announced in about a month.

Bathtub manufacturer laying off 87 in Wilson

March 31, 2015

(The Wilson Times)

Bathcraft will close its Wilson manufacturing plant and lay off 87 workers. The Remerton, Ga.-based company, which makes showers and tubs for residential homes, said it is closing the plant due to continued uncertainty in the housing market.

Report: Tobacco companies face final FTC review

March 31, 2015

(Winston-Salem Journal)

Reynolds American and Lorillard this week could hold a final meeting with members of the Federal Trade Commission regarding the companies' proposed $27.4 million merger, according to a report in The Wall Street Journal. The tobacco companies said they expect the deal to close by June 30. Shareholders of both companies approved the merger in January.

Durham pharmaceutical raises $50M

March 31, 2015

(The News & Observer, Raleigh)

Novan Therapeutics completed a $39.7 million round of financing, bringing the total amount raised since August to $50 million. The Durham-based company, which is developing a treatment for acne, has raised $70 million since 2008.

Stephen Curry partners with Boston-based coaching startup

March 31, 2015

(The Charlotte Observer)

Former Charlotte resident Stephen Curry is now part-owner of a Boston-based startup that connects high-school and college athletes with private coaches. The NBA All-Star and former Davidson basketball player will help CoachUp, which says it works with more than 100,000 athletes and 13,000 coaches, expand its national brand.

Apartment developer says US short on affordable housing

March 31, 2015

(The Charlotte Observer)

J. Ron Terwilliger, chairman of Charlotte-based apartment company Terwilliger Pappas, said the United States is facing an affordable-housing crisis. Terwilliger urged politicians to increase federal subsidies for developers to build more affordable-housing units.