Business

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.

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.