Business

Linamar adding 350 jobs in Henderson County

February 23, 2016

(Asheville Citizen-Times)

A joint venture that includes Ontario-based auto-parts manufacturer Linamar will open a new plant in Mills River in mid-2017, hiring 350 people to make aluminum components for cars. The company will invest $217 million in the plant and could receive up to $4.7 million in state incentives.

Chimerix shares hit all-time low

February 23, 2016

(The News & Observer, Raleigh)

Shares of Durham-based Chimerix fell 40% to $4.55 Monday after the drug developer reported disappointing results of brincidofovir, its experimental antiviral treatment.

Spec buildings show developers' confidence in Charlotte office market

February 23, 2016

(The Charlotte Observer)

As Bissell tops out its 10-story Brigham building in Charlotte's Ballantyne Corporate Park this week, at least three other large office buildings also are under construction without a signed anchor tenant. Developers are confident the space will be filled, as vacancy rates fall and rents increase.

Cleveland County industrial site earns CSX designation

February 23, 2016

(The Shelby Star)

The Washburn Switch Business Park in Cleveland County was named a CSX Select Site, which means the 400-acre park has been vetted and is ready for development. Local officials hope the designation will make the site more visible to prospective businesses. North Carolina has three CSX Select Sites; others are in Brunswick and Edgecombe counties.

VF rebounds after global warming scare

February 23, 2016

Greensboro-based VF Corp. missed its quarterly earnings estimate last week, prompting the CEO to blame record warmth. Investors panicked, but shares headed back up Monday as investors studied the company's long-term record.

Financial-services company rebrands as TIAA

February 23, 2016

(The Charlotte Observer)

TIAA has dropped the "CREF" from its name and will launch a national advertising campaign to get the word out. The New York-based company began as a provider of pensions for teachers but is looking to broaden its appeal to other groups, CMO Connie Weaver said. TIAA employs more than 3,000 people in Charlotte.

Quintiles tops list of 'most admired' life-sciences companies

February 23, 2016

(The News & Observer, Raleigh)

Durham-based Quintiles ranked first among life-sciences companies on Fortune magazine's list of the world's most admired companies, up from No. 3 last year.

Tech problems still plague Blue Cross

February 22, 2016

(The News & Observer, Raleigh)

More than 1,400 Blue Cross and Blue Shield customers have filed complaints with the state Department of Insurance as technology problems persist. The latest glitch involves a problem with the insurer's website, which was not listing local behavioral health providers in the Triangle area.

$50M expansion planned for Charlotte's Northlake Mall

February 22, 2016

(The Charlotte Observer)

Starwood Retail Partners will spend $50 million on a 200,000-square-foot addition at Northlake Mall, off Interstate 77 in north Charlotte. Starwood bought mall in 2014 for $248 million and last year paid $6 million for an adjacent 11-acre parcel. At 1.1 million square feet, Northlake is the fourth-largest mall in the Charlotte region.

The latest from Kingsdown: Farm-fresh mattresses

February 22, 2016

(News & Record, Greensboro)

Mebane-based Kingsdown is using natural wool from local sheep farms, including Burlington's Stoney Mountain, in its newest line of high-end mattresses. Prices start at $10,000 for a queen set.
Related: "Keeping the temper down,"cover story, May 2015