Business

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.

Durham's Argos Therapeutics to hire 236 in expansion

October 6, 2014

(The News & Observer, Raleigh)

Argos Therapeutics will receive up to $9.5 million in state and local incentives to expand its Durham headquarters and add a manufacturing plant. The drug developer will hire 236 people with an average annual salary of $90,725 by 2018. Argos has no drugs on the market, but its experimental cancer treatment is in phase III clinical trials.

Novant cancels plans to buy Halifax Regional

October 6, 2014

(Winston-Salem Journal)

Novant Health has called off its attempt to acquire 204-bed Halifax Regional Medical Center in Roanoke Rapids. The Winston-Salem-based health-care system will continue its management-services contract with the hospital for two more years.

Chiquita gets EU approval for Fyffes merger

October 6, 2014

(The Charlotte Observer)

Chiquita Brands International received regulatory clearance from the European Union for its pending merger with Irish produce company Fyffes. The Charlotte-based company's shareholders are scheduled to vote on the deal Oct. 24. Brazilian companies Cutrale and Safra Group have made an unsolicited bid to buy the company and break up the merger.

Salix calls off Cosmo merger

October 6, 2014

(WRAL TechWire)

Amid rumors of a potential acquisition by Botox-maker Allergan, Raleigh-based Salix Pharmaceuticals has called off its pending $2.7 billion merger with Italy's Cosmo Pharmaceuticals. The drug developer said a tougher U.S. tax policy on moving companies overseas was the reason.

Western NC breweries honored at national beer festival

October 6, 2014

(Hendersonville Times-News)

Three Western N.C. breweries earned awards at the Great American Beer Festival in Denver, Colo., on Saturday. Black Mountain-based Pisgah Brewing, Morganton-based Fonta Flora Brewery and Asheville-based Wicked Weed Brewing each won gold medals at the world's larger beer competition. Oskar Blues and Sierra Nevada, which have locations in Western N.C., won silver and bronze medals.

Krispy Kreme announces CFO retirement

October 6, 2014

(Winston-Salem Journal)

Douglas Muir, chief financial officer of Winston-Salem-based Krispy Kreme Doughnuts since 2007, will retire in 2015. Muir's retirement is the fifth change within the company's executive management team since February.

Aseptia co-founder departs company

October 6, 2014

(The News & Observer, Raleigh)

Michael Drozd, CEO and co-founder of Aseptia, which operates a plant in Montgomery County as Wright Foods, left the Raleigh-based company in July shortly after it announced the completion of $28 million in financing. The company, ranked No. 15 on Inc. magazine's 2014 list of the nation's fastest growing private companies, uses technology to lengthen the shelf life of food products without the use of preservatives.

BofA names Ellington president of Triad market

October 6, 2014

(Winston-Salem Journal)

Bank of America Corp. named Greenboro-based Derek Ellington president of its Triad market. He replaces Steve Frost, who retired after 20 years with the bank.

14-story office tower coming to Charlotte's South Tryon

October 3, 2014

(The Charlotte Observer)

Trinity Capital announced plans to build a 14-story office tower at Morehead and South Tryon streets in Charlotte. Construction will begin on the project, which will include 300,000 square feet of office space and ground-level retail, once an anchor tenant is signed.