Business

Winston-Salem's Budd Group buys Florida landscaping services company

February 24, 2014

(The Winston-Salem Journal)

Winston-Salem-based The Budd Group announced it has bought an Orlando, Fla.-based landscaping company for an undisclosed amount. The Grounds Crew Inc. is an upscale landscaping services provider with 20 years experience. 

Purdue Pharma lays off workers at Wilson plant

February 24, 2014

(The Wilson Times)

Purdue Pharma has laid off six workers at its pharmaceutical plant in Wilson due to a corporate restructuring. The Stamford, Conn.-based company employs about 200 at a 240,000-square-foot plant it opened there in 2000. 

Former Square D property sold to Florida developer

February 24, 2014

(The News & Observer, Raleigh)

A Florida-based company has purchased the EastPoint office and manufacturing campus in Knightdale for $8 million. The 60-acre campus was previously occupied by Square D, which manufactured electrical components.

Charlotte may consider alternate plans for Eastland Mall site

February 21, 2014

(The Charlotte Observer)

Charlotte officials say they have yet to receive specific financial details from the developer who wants to build movie studios at the site of the former Eastland Mall, and they may consider other options for the site's redevelopment. Studio Charlotte Development was granted a six-month exclusive negotiating window that expires at the end of March.

Morrisville's Furiex Pharmaceuticals looking for buyer

February 21, 2014

(The News & Observer, Raleigh)

Bloomberg News reported that Morrisville-based Furiex Phamaceuticals is working with Bank of America to secure a buyer. Earlier this month, the drug-development firm announced positive test results for a treatment for irritable bowel syndrome.

Caterpillar converts more workers to full-time in Winston-Salem

February 21, 2014

(The Winston-Salem Journal)

Peoria, Ill.-based Caterpillar Inc. has increased the number of full-time workers at its Winston-Salem manufacturing plant from 191 to 315. The number of contract workers has decreased at the plant, which makes equipment for mining trucks.

'Peace Corps for geeks' to bring technology expertise to Charlotte

February 21, 2014

(The Charlotte Observer)

Charlotte is among 10 cities selected for a yearlong fellowship with Code for America, known as the "Peace Corps for geeks," which pairs technology professionals with local governments to improve services and community engagement.

Sentara to lease Elizabeth City hospital

February 21, 2014

(The Daily Reflector, Greenville)

Norfolk, Va.-based Sentara Healthcare has agreed to a long-term lease of Albemarle Hospital in Elizabeth City beginning next month. The Pasquotank County Board of Commissioners must approve the deal when it meets on Feb. 27.  

Cary apartments sold to NY firm for $24.3 million

February 21, 2014

(The News & Observer, Raleigh)

A New York-based investment firm has paid $24.3 million for the Cary Brook Apartments, a 360-unit complex near Interstate 40. 

Metallix Refining named Pitt County's Industry of the Year

February 21, 2014

(The Daily Reflector, Greenville)

Metallix Refining, a leader in the precious-metals recycling industry, has been selected as Pitt County's Industry of the Year for 2013-14. The company is based in Shrewsbury, N.J. and opened the 90,000-square-foot Greenville plant in 2004.