Business

Three Family Dollar execs get retention awards

October 8, 2014

(The Charlotte Observer)

Matthews-based Family Dollar Stores said it will give three top executives retention awards to stay with the company through December 2015. CFO Mary Winston, executive vice president for store operations Barry Sullivan and general counsel James Snyder will receive awards totaling $550,000.

Texas Ebola patient receives Chimerix drug

October 7, 2014

(The News & Observer, Raleigh)

A Liberian man infected with the Ebola virus is being treated with brincidofovir, an experimental drug made by Durham-based Chimerix, at a Dallas hospital. The U.S. Food and Drug Administration approved an emergency request for the drug, which is being tested as a treatment for a variety of viruses.

BofA still largest bank by deposits

October 7, 2014

(The Charlotte Observer)

Bank of America is still No. 1 for deposits among federally insured banks. The Charlotte-based bank's deposits totaled $1.17 trillion as of June 30, according to data released by the FDIC. New York-based JPMorgan Chase took the second-place spot, unseating San Francisco-based Wells Fargo.

Thomas Built Buses looks to expand in High Point

October 7, 2014

(News & Record, Greensboro)

Thomas Built Buses wants local governments to help fund an expansion at its High Point plant that could create 236 jobs. The bus maker would invest $10.5 million at the site, which is located on the Randolph-Guilford county line.

'60 Minutes' to feature Duke Energy in coal-ash report

October 7, 2014

(The Charlotte Observer)

CBS news program "60 Minutes" will feature Duke Energy CEO Lynn Good in an upcoming report about coal ash. Good said in a message to company employees that the Charlotte-based utility felt it was important that the show "hear our perspective about coal-ash management practices."

NC's economic development partnership opens

October 7, 2014

(The News & Observer, Raleigh)

North Carolina's new public-private partnership for economic development opened in Cary on Monday with 34 employees, most of whom were previously employed at the N.C. Commerce Department. The partnership is led by a five-member interim board, though Chairman John Lassiter said Gov. Pat McCrory and state legislators could appoint a permanent 17-member board by the end of the month.

Wilmington airport considers expansion

October 7, 2014

(Greater Wilmington Business Journal)

Following a 14-month study that outlines a three-phase expansion, Wilmington International Airport Authority must decide how it will pay for the recommended $64 to $106 million project that would increase capacity and modernize the 25-year-old terminal. 

RDU airport authority offers $2.1 million incentive for international flight

October 7, 2014

(The News & Observer, Raleigh)

Raleigh-Durham Airport Authority said it will offer $2.1 million in first-year incentives to add a new international service − specifically a direct flight to Paris or Frankfurt – and leaders are urging local governments and civic groups to match the investment.

Durham's Patheon adding 488 jobs at Greenville plant

October 6, 2014

(The News & Observer, Raleigh)

Durham-based DPx Holdings will expand its Patheon manufacturing plant in Greenville, adding 488 jobs to its existing 1,000 over the next five years. The pharmaceutical-services company will invest $159 million in the expansion and could receive more than $6.3 million in state incentives if it meets hiring goals.

NC Ports to study deepening Cape Fear channel

October 6, 2014

(StarNews, Wilmington)

The N.C. State Ports Authority is looking into the feasibility of deepening the Cape Fear River shipping channel to accommodate a new generation of cargo ships. The last dredging cost nearly $500 million and took a decade to complete, though the federal government shouldered much of the cost.