Business

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.

Charlotte rail facilities could be impacted by Norfolk Southern sale

November 11, 2015

(The Charlotte Observer)

Canadian Pacific is mulling a takeover of Norfolk Southern, and the rail carrier's intermodal year at Charlotte Douglas International Airport could be affected. Norfolk Southern also owns freight rail tracks that Charlotte wants to use for a commuter rail line to Lake Norman.

Sanderson Farms begins hiring in Robeson County

November 11, 2015

(The Fayetteville Observer)

Sanderson Farms began a three-day job fair Tuesday in Lumberton. The Mississippi-based poultry processor is looking to fill 100 manager, supervisor and other positions for a plant in St. Pauls that will eventually employ 1,100 people.

Raleigh considers giving food trucks more freedom

November 11, 2015

(The News & Observer, Raleigh)

A Raleigh City Council committee endorsed a proposal to allow food trucks to operate on some city streets during a six-month pilot program. Under current restrictions, the trucks are limited to private property and special events.

U.S. Rep. Adams sponsors bill to help entrepreneurial veterans

November 10, 2015

(News & Record, Greensboro)

U.S. Rep. Alma Adams of Greensboro proposed a bill that would give veterans a 15% tax credit on up to $80,000 in expenses used to start a business. Under the proposal, veterans could receive a maximum credit of $12,000 over two years.