Business

SAS to sponsor computer-science research projects at NC State

August 12, 2014

(WRAL.com)

Cary-based software company SAS formed an agreement with N.C. State University to fund joint research projects in areas including cyber security, big data and health-monitoring technologies. 

Charlotte Hornets expected to submit bid for NBA All-Star Weekend

August 12, 2014

(The Charlotte Observer)

The Charlotte Hornets will hold a press conference this morning where the team is expected to announce plans to bid on hosting either the 2017 or 2018 NBA All-Star Weekend. League Commissioner Adam Silver said in March an All-Star bid would be contingent on the city agreeing to make upgrades to the nine-year-old arena.

Sills named CEO of Mechanics and Farmers Bank

August 12, 2014

(The News & Observer, Raleigh)

Durham-based Mechanics and Farmers Bank named James H. Sills III president and CEO effective Sept. 1, replacing Kim Saunders, who stepped down in March. Sills has held leadership roles at MBNA America Bank, First Tuskegee Bank and Memphis First Community Bank.

Filing reveals details of Dollar Tree-Family Dollar deal

August 12, 2014

(The Charlotte Observer)

A securities filing Monday shows that Chesapeake, Va.-based Dollar Tree Inc. began pursuing a possible acquisition of Matthews-based Family Dollar Stores Inc. in late February.

Wilmington startups chosen for tech conference

August 12, 2014

(Greater Wilmington Business Journal)

Two Wilmington startups were chosen among 18 "hottest emerging tech companies" by Durham-based Council for Entrepreneurial Development. Next Glass and nCino Inc. will present at the organization's Tech Venture Conference in Raleigh in September.

Duke University hits fundraising record

August 12, 2014

(The News & Observer, Raleigh)

Duke University raised $441.8 million in fundraising during the fiscal year that ended June 30, 7.5% more than the previous year. The Durham-based university is in the midst of a multi-year campaign with a goal of raising $3.25 billion by June 30, 2017.

Harvard signs with Winston-Salem's IMG College

August 12, 2014

(Winston-Salem Journal)

Harvard University signed an athletics sponsorship agreement with Winston-Salem-based IMG College, a subsidiary of IMG Worldwide Inc. The sports-marketing company represents 80 colleges nationwide and various conferences, associations and venues.

Concord airport mulls expansion for additional airlines

August 11, 2014

(The Independent Tribune, Concord)

Concord Regional Airport looks to expand as commercial airlines have expressed interest in adding flights there. More than 20,000 passengers have passed through the airport since Las Vegas-based Allegiant Airlines began passenger service in December.

N.C. Zoo turns 40

August 11, 2014

(News & Record, Greensboro)

The state's third largest tourist attraction will celebrate its 40th birthday on Aug. 16. The N.C. Zoo in Asheboro attracts about 740,000 visitors annually and employs 260 full-time workers and 100 part-time seasonal workers.  

Duke researchers study fracking's effects on water quality

August 11, 2014

(The Charlotte Observer)

Professors at Duke University are close to finalizing research that could show whether drilling for shale gas in other states has led to problems with water quality. North Carolina will begin public hearings this month on safety standards for the practice.