Business

Slow start for Concord battery-maker

February 22, 2016

(The Charlotte Observer)

Alevo has hired about 140 people, fewer than the 500 the energy-storage company had projected within its first year in Concord. The Switzerland-based company moved into a former Philip Morris cigarette factory last year with lofty ambitions, saying its workforce eventually could reach 6,000 people. "We're a little behind where we expected to be," said Scott Schotter, chief marketing officer. Alevo expects to begin producing its GridBanks battery-storage modules this spring.

Wake Forest researchers reach milestone in tissue regeneration

February 22, 2016

(Winston-Salem Journal)

Researchers at Wake Forest Institute for Regenerative Medicine said last week they have created tissues with 3D bioprinters that have been successfully implanted in animals. The goal is to use the technology to print living tissue and organ structures that can be implanted in humans.
Click here to read more about regenerative medicine and the future of health care in N.C.

Triangle office development picks up

February 22, 2016

(The News & Observer, Raleigh)

Downtown Raleigh could add 430,000 square feet of new office space in late 2017, ending a long period of inactivity in the office development market. Developers including Kane Realty and Highwoods Properties are also moving ahead with projects in Durham and Cary, where low vacancy rates are creating a tight market.

 

Sealed Air names new chief information officer

February 22, 2016

(The Charlotte Observer)

Edwina Payne will be based at Sealed Air's Charlotte headquarters, reporting to Chief Financial Officer Carol Lowe. Payne previously was chief information officer at Warsaw, Ind.-based Zimmer Biomet, a medical-device manufacturer. Sealed Air, a Fortune 500 company, employs about 500 people in Charlotte.

Sanitation company cutting 84 jobs in Sampson County

February 22, 2016

(The Fayetteville Observer)

Packers Sanitation Services will cut 84 jobs after its cleaning contract at a Smithfield food-processing plant was unexpectedly terminated. The Wisconsin-based company said affected workers will be offered jobs at another local plant.

Duke Energy to sell international business

February 19, 2016

(The Charlotte Observer)

After reporting year-end results that were up from the previous year but fell short of analysts' expectations, Duke Energy said it will sell its international business, which is estimated to be valued at $2.3 billion. Drought and weak currency exchange rates have made the business more volatile. "Our investors are looking for stability," CEO Lynn Good said.

Report: NC startups raised $1.2 billion in 2015

February 19, 2016

(WRAL TechWire)

North Carolina entrepreneurial companies raised nearly $1.2 billion in 2015, up 122% from $533 million in 2014, according to a new report from the Council for Economic Development. The annual report includes venture capital as well as other sources of funding, including angel investing.

NetApp job cuts will hit RTP

February 19, 2016

(WRAL TechWire)

NetApp confirmed that layoffs announced this week will affect its Triangle operations, but it is unclear how many workers will lose their jobs. The Sunnyvale, Calif.-based company is cutting 12% of its workforce, or about 1,400 jobs. The data storage company employs about 1,600 at RTP.

Carolina Panthers raising ticket prices

February 19, 2016

(The Charlotte Observer)

The team says about two-thirds of seats in Bank of America stadium will increase by $5-$12 from last year. A third phase of stadium renovations is on track, including an improved WiFi system and upgrades to the upper level that should reduce concession wait times.

Qorvo plans $500M stock buyback

February 19, 2016

(News & Record, Greensboro)

Qorvo has agreed to repurchase $500 million of its common stock, half of which will be subject to a maximum and minimum share price. The technology company, with dual headquarters in Greensboro and Hillsboro, Ore., announced in November a $1 billion repurchase.