Business

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.

IBM buying Truven Health for $2.6B

February 19, 2016

(The News & Observer, Raleigh)

IBM, one of the Triangle's largest private employers, is buying Michigan-based Truven Health Analytics for $2.6 billion to bolster its Watson Health unit.

ZeekRewards receiver to pursue $13M from financial institutions

February 19, 2016

(Winston-Salem Journal)

A U.S. Bankruptcy Court judge said Kenneth Bell, the receiver in the ZeekRewards.com case, can pursue up to $13.17 million from VictoriaBank of Moldova and two payment-processing companies. The Lexington-based company was shut down in 2012 after investigators uncovered the $850 million pyramid scheme ("Bounty Hunter," June 2015).

Williams Electric lays off 168 workers in Shelby

February 19, 2016

(The Charlotte Observer)

Williams Electric in Shelby will lay off 168 people as its contract with Duke Energy expires, but affected workers have been offered jobs with two other utility companies.