Business

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.

Proposed Cumberland County solar farm would be NC's largest

February 5, 2015

(The News & Observer, Raleigh)

Principal Solar has acquired rights to build a 78.5 megawatt solar farm in Hope Mills, but the Dallas-based company first needs to secure $173 million in financing. The developer says the solar farm would be the largest in the U.S. east of the Rocky Mountains. Principal acquired the project last month from Fletcher-based Innovative Solar Systems.

North Raleigh shopping mall to be sold for $181M

February 5, 2015

(The News & Observer, Raleigh)

Raleigh's Triangle Town Center shopping mall and the adjacent Triangle Town Place shopping center are under contract to be sold to an institutional investor for $181 million. Chattanooga, Tenn.-based CBL & Associates Properties and The R.E. Jacobs Group currently own the properties as part of a joint venture. CBL will retain a 15% stake. Triangle Town Center has 1.26 million square feet of retail space.