Business

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

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.