Business

Weyerhaeuser spinoff would include New Bern mill

November 19, 2015

(New Bern Sun Journal)

Washington-based Weyerhaeuser, one of the world's largest wood-pulp products companies, is considering selling or spinning off its cellulose fibers business, which could impact a pulp mill in New Bern that employs 300 people.

Honda Aircraft says FAA testing almost complete

November 19, 2015

(News & Record, Greensboro)

Honda Aircraft said it expects FAA certification for its HondaJet light aircraft "very soon." The company employs 1,500 people at Piedmont Triad International Airport, where it is building the planes. Honda has said it has received more than 100 orders for the planes.

Greensboro's NewBridge had multiple suitors

November 18, 2015

(Winston-Salem Journal)

NewBridge Bancorp was approached early this year by an unidentified bank interested in a merger, according to a regulatory filing. That prompted other banks to approach NewBridge CEO Pressley Ridgill, who stands to receive $6.25 million when the bank completes its $456 million sale to Raleigh-based Yadkin Financial.

Novant Health launches Charlotte residency program

November 18, 2015

(The Charlotte Observer)

Novant Health will launch a family medicine residency program in the Charlotte region. Six medical school graduates will train at Huntersville Medical Center and a family practice clinic in Cornelius. Starting next summer, it will be the third residency program in the area; Carolinas HealthCare System runs programs in Charlotte and Concord.
Also: Novant Health breaks ground on Charlotte Orthopedic Hospital renovation, expansion

Citrix to spin off GoTo products into separate company

November 18, 2015

(WRAL TechWire)

Citrix Systems will spin off its GoTo line of business-software products into a separate, publicly traded company in the second half of 2016. Based in Fort Lauderdale, Fla., Citrix employs more than 600 people in downtown Raleigh. Impact on the Raleigh office is unclear.
Related: Hire purpose: Citrix Systems' downtown Raleigh digs were designed to attract top tech talent

Wells Fargo moving 350 workers from Charlotte to Rock Hill, SC

November 18, 2015

(The Charlotte Observer)

Wells Fargo will move about 350 employees in its mortgage-servicing unit from downtown Charlotte to Fort Mill, S.C. No layoffs are expected.

Lowe's reports strong 3Q results

November 18, 2015

(The News & Observer, Raleigh)

Home-improvement retailer Lowe's reported third-quarter results that beat analysts' estimates. As the housing market continued to improve, revenue increased to $14.36 billion, compared with $13.68 billion a year ago. The Mooresville-based company earned $736 million compared with $585 million a year ago.

Jeld-Wen names new CEO

November 18, 2015

(The Charlotte Observer)

Jeld-Wen, the Charlotte-based window and door manufacturer, named Mark Beck president and CEO effective Nov. 30. He replaces Kirk Hachigian, who will stay on as executive chairman. Beck worked for Corning for 18 years and most recently was an executive vice president at Danaher Corp. The Wall Street Journal reported in August that Jeld-Wen is planning for a possible IPO.

Wake Forest Baptist revenue increases 10.4% in first quarter

November 18, 2015

(Winston-Salem Journal)

The Winston-Salem-based medical center reported revenue of $567.2 million in the first quarter, compared with $513.5 million for the same period in the previous year.

Frontier adding 200 jobs in Durham

November 17, 2015

(The News & Observer, Raleigh)

Norwalk, Conn.-based Frontier Communications will invest $4.3 million and create 200 jobs over the next five years at a new technical support center in Durham. The telecommunications company also considered Florida, Texas, Utah and South Carolina for the jobs, which will pay an average annual salary of $47,112.