Business

Rex Healthcare names interim president

January 9, 2015

(The News & Observer, Raleigh)

Rex Healthcare named Steve Burriss interim president, effective immediately. He replaces David Strong, who will become CEO of Orlando Health in Florida. Burriss has worked for Rex since 1998; his positions have included VP of operations and ambulatory services.

Live Oak Bank opens office near California wine country

January 9, 2015

(Greater Wilmington Business Journal)

Live Oak Bank has opened an office in Santa Rosa, Calif., near the Napa and Sonoma wine-growing regions. The Wilmington-based lender hopes to provide financing to wineries, vineyards and breweries. Live Oak provides SBA loans to companies in specific industries including veterinarians, financial advisers and dentists (Regional Report, April 2013).

Chapel Hill's Cempra expects to raise $120M in stock offering

January 9, 2015

(The News & Observer, Raleigh)

Chapel Hill-based Cempra expects to receive $120.6 million in net proceeds from a secondary stock offering. The pharmaceutical company said it plans to sell 5.25 million shares at $24.50 each.   Cempra previously said it planned to sell about $100 million of common stock.

Ennis Paint receives state grant for Thomasville expansion

January 9, 2015

(Winston-Salem Journal)

Ennis Paint was awarded a $500,000 state rural infrastructure grant for a proposed expansion in Thomasville. The company plans to hire 40 workers, according to the state Commerce Department. The Thomasville-based company makes and distributes paints and other pavement marking products used on roads, highways, runways and parking lots. 

Kmart closing Greensboro distribution center

January 9, 2015

(Winston-Salem Journal)

Kmart plans to close its Greensboro distribution center in mid-April, affecting about 130 workers. Some eligible workers will be able to apply for other jobs within the company, a spokesman from  Sears Holdings, the parent company, said in a statement.

Panthers to renovate luxury suites

January 9, 2015

(The Charlotte Observer)

The Charlotte Panthers will begin renovating 158 luxury suites this month at Bank of America Stadium. The updates are part of a five-year, $125 million renovation plan that began last year with the addition of new escalators and video boards. 

 

Moore County mulls first jobs incentive program

January 9, 2015

(The Pilot, Pinehurst)

The Moore County Board of Commissioners is considering its first grant program for recruiting jobs and industry. The board could consider guidelines for the incentive program at its Feb. 3 meeting.

Herbalife to hold grand opening in Winston-Salem

January 9, 2015

(Winston-Salem Journal)

Herbalife will hold a grand opening of its 800,000-square-foot, $130 million plant in Winston-Salem on Jan. 16. The Los Angeles-based company, which makes nutritional supplements, currently employs 330 full-time workers at the plant.

UNC Chapel Hill tied for No. 1 in online MBA ranking

January 8, 2015

(The News & Observer, Raleigh)

UNC Chapel Hill tied with two other schools for the No. 1 spot on U.S. News & World Report's inaugural ranking of online MBA programs. Indiana University and Temple University shared the top spot. N.C. State University's online MBA program, launched in 2011, was No. 9.

Thousands seek jobs at annual recruiting event in Western NC

January 8, 2015

(Asheville Citizen-Times)

Thousand of people turned out Wednesday for the annual Asheville Area Chamber of Commerce job fair, where 98 employers were looking to fill about 6,000 positions. The Asheville MSA, which includes Buncombe, Haywood, Henderson and Madison counties, had the state's lowest unemployment rate in November.