Business

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.

Cary-based Ply Gem reports 21% increase in sales

November 10, 2015

(The News & Observer, Raleigh)

Ply Gem reported sales of $530.9 million in the third quarter, 21% higher than the $437.8 million during the same period a year ago, but still below analysts' forecasts. The company, which makes vinyl siding, windows and doors, has benefited from an improved housing market. Its 2014 purchase of Simonton Windows also contributed to the increase in sales.

Ex-Duke scientist falsified data in cancer research

November 10, 2015

(WRAL.com)

The federal government ruled that Anil Potti, a former researcher at Duke University, engaged in "research misconduct" by fudging data in his cancer research studies.

Susquehanna branches rebranded as BB&T

November 10, 2015

(Winston-Salem Journal)

BB&T said Monday it has completed the conversion of 239 former Susquehanna Bancshares branches in Pennsylvania, Maryland, New Jersey and West Virginia. Winston-Salem-based BB&T acquired Susquehanna for $2.5 billion in August, giving it a total of 2,150 branches.

Durham's Spoonflower hires first CFO

November 10, 2015

(WRAL TechWire)

Spoonflower named Jennifer Turnage its first chief financial officer. The tech company said in August it had raised $25 million and planned to add 50 employees to about 150 at its Durham headquarters. Spoonflower allows customers to print custom-designed fabric and paper by uploading designs to its website (Statewide, October).

Cheerwine official drink of barbecue association

November 10, 2015

(The Salisbury Post)

Cheerwine is now the official soft drink of the National Barbecue Association, a Naperville, Ill.-based industry group. Invented in Salisbury in 1917, Cheerwine has set out to expand its national footprint, with a goal of distribution in all 50 states by 2017.

Lake Norman business leaders push back against tolls

November 9, 2015

(The Charlotte Observer)

A pair of state legislators from the Lake Norman area said they are preparing a "plan of attack" on Interstate 77 toll lanes north of Charlotte. Local politicians and business leaders aren't giving up the fight against tolls, though the state has already signed a 50-year contract with a Spain-based company to build and operate the lanes. Backing out of the contract would result in a $100 million penalty.