Business

Yadkin Financial Q4 earnings rise 15%

January 29, 2016

(The News & Observer, Raleigh)

Yadkin Financial posted fourth-quarter net operating earnings of $12.6 million, or 40 cents a share, missing analysts' estimates by a penny. (The figure excludes merger costs and other income and expense items.) The Raleigh-based bank expects to close on its $456 million acquisition of Greensboro's NewBridge Bank by the end of March.

Charlotte area newspaper owner named publisher of Las Vegas paper

January 29, 2016

(The Charlotte Observer)

Craig Moon, 65, will become publisher of the Las Vegas Review-Journal, which was bought by Sheldon Adelson, owner of the Las Vegas Sands casino, in December. Moon, former publisher of USA Today, owns four weekly newspapers in the Lake Norman area.

CSX not scrapping plans for cargo hub

January 28, 2016

(The News & Observer, Raleigh)

CSX said Wednesday it is still committed to building a $272 million container hub along Interstate 95, despite Gov. Pat McCrory changing his stance on the project that he originally promoted as a boon for economic development in eastern N.C.
Also: Wayne chasing CSX terminal after Johnston site rejected

Microfibres to close plant, lay off 125 in Winston-Salem

January 28, 2016

(Winston-Salem Journal)

Rhode Island-based Microfibres is ending domestic production and will close its Winston-Salem textile plant. All 125 workers will lose their jobs. The plant once employed 270 people.

BofA to allow ATM transactions with smartphones

January 28, 2016

(The Charlotte Observer)

Bank of America customers soon will be able to use their smartphones to make cash withdrawals and perform other ATM transactions. The Charlotte-based bank will begin piloting the program in February, with a broader rollout expected midyear.

Report: Clean-energy industry added 3,000 jobs in 2015

January 28, 2016

(The Fayetteville Observer)

The renewable-energy industry supported more than 26,000 jobs in the state in 2015 and brought in $6.96 billion, a 45% increase over the previous year, according to a report by the North Carolina Clean Sustainable Energy Association.

Mooresboro zinc plant shuts down, 200 workers laid off

January 28, 2016

(The Daily Courier, Rutherfordton)

Horsehead Holding temporarily ceased operations at its Rutherford County zinc production plant, idling most of its 250 employees. The Pittsburgh-based company opened the $490 million plant less than two years ago.

Biogen reports strong Q4 results

January 28, 2016

(The News & Observer, Raleigh)

Biogen shares closed at $273.26 on Wednesday, up 5.2% after the drugmaker reported fourth quarter sales of $2.84 billion, up 7.5%. Sales for all of 2015 were $10.76 billion, a 10.9% increase over the previous year. The Cambridge, Mass.-based company employs more than 1,200 people in the Triangle.

State jobless rate ticks down to 5.6%

January 27, 2016

(The News & Observer, Raleigh)

North Carolina's unemployment rate fell to 5.6% in December, down from 5.7% the previous month but higher than December 2014, when the rate was 5.4%. The state added 86,800 nonfarm jobs last year, according to a preliminary year-end report, but the figure could exceed 100,000 when revised to include newly created businesses.

Powell charged with four felonies

January 27, 2016

(News & Record, Greensboro)

David Powell, former CEO of the Piedmont Triad Partnership, was charged with two counts of embezzlement and two counts of obtaining property by false pretenses. Powell, 51, led the Greensboro-based economic-development organization from 2011 until his resignation in April.