Business

Morrisville's MaxPoint Interactive posts strong 3Q results

November 13, 2015

(The News & Observer, Raleigh)

MaxPoint Interactive reported third-quarter revenue of $23 million, a 42% increase compared with the same period a year ago, though the Morrisville-based digital marketing company said it expects fourth-quarter revenue won't meet analysts' projections.

Butterball adding 250 jobs in Hoke County

November 12, 2015

(The Fayetteville Observer)

Garner-based Butterball plans to add 250 jobs at its turkey processing plant in Raeford in 2016. The nation's largest producer of turkey products said last year it would create 367 jobs over three years at the plant, which was previously occupied by House of Raeford; the company now expects to reach the 500-employee mark next year.

Novant Health to pay $32M to settle class-action suit

November 12, 2015

(Winston-Salem Journal)

Winston-Salem-based Novant Health reached a preliminary settlement Monday in a lawsuit filed by six current and former employees. The complaint alleges employees of the Winston-Salem-based health system were required to pay excessive fees under its retirement and savings plans.

Wilmington rail project could be too costly

November 12, 2015

(StarNews, Wilmington)

The costs of restoring an abandoned rail line near Wilmington could outweigh the benefits, according to a cost analysis of the proposed project. Rebuilding the line between Castle Hayne and Wallace would generate an estimated $6 million to $22 million over 30 years, while project costs could reach $124 million.

Reynolds American reports strong sales despite price increases

November 12, 2015

(Winston-Salem Journal)

Reynolds-American leads the tobacco industry with 3.6% year over year growth as sales of Newport increased 6.3%. Makers of traditional cigarettes are benefiting from smokers having more disposable income due to low energy and gas prices, according to Wells Fargo Securities analyst Bonnie Herzog.

Steep Charlotte rents make it hard for first-time homebuyers to save

November 12, 2015

(The Charlotte Observer)

Charlotte residents can expect to make a 20% down payment of $31,480 on a median-priced home in the Queen City, where increasing rents make it difficult for first-time homebuyers to save. Rents and mortgage payments in the Queen City are still below national averages, according to real-estate data firm Zillow.

Sierra Nevada, Thermo Fisher honored for environmental excellence

November 12, 2015

(Asheville Citizen-Times)

Sierra Nevada Brewing and Thermo Fisher Scientific, a lab-equipment manufacturer, are the winners of the nonprofit Asheville GreenWorks Environmental Excellence Awards. Sierra Nevada was selected for its green building standards at its Mills River brewery, while Thermo Fisher recently became a zero-waste facility.

NC Ports post record profit in 2014-15

November 11, 2015

(StarNews, Wilmington)

The N.C. State Ports Authority reported revenue of $43.8 million for fiscal 2014-15, a 10% increase over the previous year according to a state audit. Profit reached a record $6.7 million. Spokesman Cliff Pyron said the increase was a result of "record-breaking" volumes in container and bulk cargo traffic.

NC State announces $38.7M contract with Adidas

November 11, 2015

(The News & Observer, Raleigh)

N.C. State University signed a six-year contract extension with Adidas valued at $38.7 million. The sporting-goods company will provide uniforms and footwear for State's 23 athletic teams. The original three-year contract, signed in 2012, was worth about $8 million. Other schools have recently signed lucrative apparel deals: Texas reportedly signed a 15-year contract with Nike worth up to $200 million.

Coke Consolidated opens $8M call center in Charlotte

November 11, 2015

(The Charlotte Observer)

Coca-Cola Bottling Consolidated unveiled its new call center in northeast Charlotte on Tuesday. The Charlotte-based company – the nation's largest independent Coke bottler – invested $8 million in the 71,280-square-foot space, where it will eventually employ 300 workers.