Business

Morrisville's Gentris acquired by Cancer Genetics

July 23, 2014

(The News & Observer, Raleigh)

Rutherford, N.J.-based Cancer Genetics completed its $6.25 million acquisition of Gentris Corp. The Morrisville-based company works with pharmaceutical companies to integrate pharmacogenomics into clinical trials. Gentris' 40 employees will keep their jobs.

UNC Health Care poised for rebound in 2015

July 22, 2014

(The Herald-Sun, Durham)

The UNC Health Care board of directors expects the system will post a profit of $104 million for fiscal 2015. The hospital system, which includes eight medical centers, has projected a loss of $12.2 million for fiscal 2014, largely due to its investment in a new electronic health record system.

BB&T's second quarter profits down 22.3%

July 22, 2014

(Winston-Salem Journal)

BB&T Corp. reported net income of $425 million for the second quarter compared with $547 million for the same period a year ago. The 22.3% drop was due to mortgage- and tax-related charges totaling $88 million. 

Ackman says he can prove Herbalife is a pyramid scheme

July 22, 2014

(News & Record, Greensboro)

Hedge-fund manager Bill Ackman will hold a presentation Tuesday that he says will prove Los Angeles-based Herbalife is a fraud. The founder and CEO of Pershing Square Capital Management claims the vitamin company is a pyramid scheme. Herbalife is investing $130 million in a plant in Winston-Salem, where it plans to employ nearly 500 people by the end of 2015.

Facebook helping Rutherford County students get free Wi-Fi

July 22, 2014

(WRAL TechWire)

Students in Rutherford County will receive free Wi-Fi access at their homes through a pilot program sponsored by Facebook, PANGAEA Internet and local governments. Menlo Park, Calif.-based Facebook opened a data center in Forest City in 2012.

Charlotte developer plans new Lake Norman community

July 22, 2014

(The Charlotte Observer)

Simonini Group will develop a mixed-use community with 220 single-family homes, 240 apartments and 100,000 square feet of retail on 116 acres in eastern Lincoln County.

GE adding 60 jobs at Mebane plant

July 22, 2014

(The News & Observer, Raleigh)

GE Industrial Solutions will add a new production line and create 60 new jobs by the end of 2015 at its Mebane plant, where it employs more than 500. Fairfield, Conn.-based General Electric employs more than 4,850 across North Carolina.

BBB releases list of Charlotte companies with most complaints

July 22, 2014

(The Charlotte Observer)

The Better Business Bureau has released its annual "Dirty Half-Dozen" list of businesses in the Charlotte area that received the most unanswered consumer complaints during the first half of 2014.

Will anyone save Fayetteville's Prince Charles Hotel?

July 22, 2014

(The Fayetteville Observer)

A canceled auction for the historic Prince Charles Hotel in Fayetteville has downtown advocates speculating about plans for the property.

Punitive damages likely to be reduced in RJ Reynolds case

July 22, 2014

(Winston-Salem Journal)

The $23.6 billion in punitive damages awarded by a Florida jury last week is likely to be reduced or overturned, according to industry analysts. A spokesman for R.J. Reynolds Tobacco Co. has said it will appeal the ruling.