Business

Charlotte may consider alternate plans for Eastland Mall site

February 21, 2014

(The Charlotte Observer)

Charlotte officials say they have yet to receive specific financial details from the developer who wants to build movie studios at the site of the former Eastland Mall, and they may consider other options for the site's redevelopment. Studio Charlotte Development was granted a six-month exclusive negotiating window that expires at the end of March.

Morrisville's Furiex Pharmaceuticals looking for buyer

February 21, 2014

(The News & Observer, Raleigh)

Bloomberg News reported that Morrisville-based Furiex Phamaceuticals is working with Bank of America to secure a buyer. Earlier this month, the drug-development firm announced positive test results for a treatment for irritable bowel syndrome.

Caterpillar converts more workers to full-time in Winston-Salem

February 21, 2014

(The Winston-Salem Journal)

Peoria, Ill.-based Caterpillar Inc. has increased the number of full-time workers at its Winston-Salem manufacturing plant from 191 to 315. The number of contract workers has decreased at the plant, which makes equipment for mining trucks.

'Peace Corps for geeks' to bring technology expertise to Charlotte

February 21, 2014

(The Charlotte Observer)

Charlotte is among 10 cities selected for a yearlong fellowship with Code for America, known as the "Peace Corps for geeks," which pairs technology professionals with local governments to improve services and community engagement.

Sentara to lease Elizabeth City hospital

February 21, 2014

(The Daily Reflector, Greenville)

Norfolk, Va.-based Sentara Healthcare has agreed to a long-term lease of Albemarle Hospital in Elizabeth City beginning next month. The Pasquotank County Board of Commissioners must approve the deal when it meets on Feb. 27.  

Cary apartments sold to NY firm for $24.3 million

February 21, 2014

(The News & Observer, Raleigh)

A New York-based investment firm has paid $24.3 million for the Cary Brook Apartments, a 360-unit complex near Interstate 40. 

Metallix Refining named Pitt County's Industry of the Year

February 21, 2014

(The Daily Reflector, Greenville)

Metallix Refining, a leader in the precious-metals recycling industry, has been selected as Pitt County's Industry of the Year for 2013-14. The company is based in Shrewsbury, N.J. and opened the 90,000-square-foot Greenville plant in 2004.

Chinese manufacturer adding 30 jobs in Charlotte

February 21, 2014

(The Charlotte Observer)

China-based Fujisan Thermal Ribbon USA will expand, adding a distribution, sales and customer service center to its existing fulfillment center in Charlotte. The company, which makes ribbons for fax and barcode printing, expects to add 30 jobs over the next three years.

Enrollment slide at Raleigh's St. Augustine's leads to financial strain

February 21, 2014

(The News & Observer, Raleigh)

Enrollment is down at St. Augustine's University near downtown Raleigh, creating a $3 million decrease in net tuition revenue. The historically black university has eliminated 15 positions, and President Dianne Boardley Suber says a one-week staff furlough is likely. 

Google Fiber may be on its way to Charlotte, Raleigh-Durham area

February 20, 2014

(The Charlotte Observer)

Google has selected Charlotte, Raleigh-Durham and seven other metropolitan areas as potential locations to expand its Google Fiber data network, which provides Internet speeds up to 100 times faster than basic broadband. Representatives from Google will start working with Charlotte officials as early as next week to begin the joint planning process for the potential network there.