Business

Apex earns top spot on Money magazine list

August 18, 2015

(The News & Observer, Raleigh)

Apex, in western Wake County, is the best place to live in among U.S. towns with populations of 50,000 or less, according to Money magazine. The magazine cited the town's affordable housing, proximity to universities and Research Triangle Park and "small-town charm."

Mann + Hummel to buy Gastonia's Affinia Group

August 18, 2015

(The Charlotte Observer)

Affinia Group, an automotive-parts supplier based in Gastonia, will be acquired by Germany-based Mann + Hummel for $513 million, according to a regulatory filing. The privately held company will also take on Affinia's debt, which Reuters reports was $822 million as of June 30. Affinia employs 1,271 people in Gaston County.

GSK reopens Zebulon plant after brief shutdown

August 18, 2015

(The News & Observer, Raleigh)

GlaxoSmithKline reopened its Zebulon plant on Monday after a six-day shutdown. The United Kindgom-based drugmaker had temporarily closed the plant after discovering bacteria that can cause Legionnaires' disease in two of its cooling towers.

Triangle tech, energy companies reveal 'wish list' for new hires

August 18, 2015

(WRAL TechWire)

Triangle technology and energy companies plan to hire up to 3,000 workers over the next five years, according to the results of a recent survey by RTI International. Two-thirds of the companies surveyed will seek candidates with engineering and technology degrees, though 25% are also looking for workers with business and management degrees.

A look at nCino's new Wilmington office

August 18, 2015

(Port City Daily)

Wilmington-based banking software company nCino recently moved its 145 employees into a new 40,000-square-foot office. Here's a peek inside their new space, which offers standing work stations, comfy conference rooms and a "fun room" with pool table and putting green.

Woods to play Wyndham for 1st time

August 18, 2015

(News & Record, Greensboro)

Tiger Woods will play in Greensboro's Wyndham Championship for the first time. The first round of the golf tournament, held at Sedgefield Country Club, begins Thursday.

Big holders of INC Research stock cash in

August 17, 2015

(The News and Observer)

Avista Capital Partners, a private equity firm, and a Canadian public pension fund, the Ontario Teachers Pension Plan, sold shares of INC Research for more than $350 million, according to regulatory filings. INC is based in Raleigh and is a contract research organization. Its stock has jumped more than 70% this year. Avista and the Canadian firm still hold about half of the company's shares.

Raleigh pharma company awaits FDA ruling on women's libido enhancer

August 17, 2015

 (The News & Observer)

The Food and Drug Administration is expected to announce Tuesday if it has approved Raleigh-based Sprout Pharmaceuticals' application for the world's first pill to boost women's sex drive. The drug, Addyi, will be marketed as "the little pink pill." It has been rejected twice over questions of its safety and effectiveness.


Read more here: http://www.newsobserver.com/news/business/article31116701.html#storylink=cpy

Charlotte apartment boom caters to young, higher-income

August 17, 2015

(The Charlotte Observer)

Almost all of the new apartment that are under construction or opened in recent years in Charlotte cater to young professionals, replacing more affordable apartments. The result is many families with modest incomes have been forced to leave neighborhoods with rising real-estate values.


Read more here: http://www.charlotteobserver.com/news/business/biz-columns-blogs/development/article31089159.html#storylink=cpy

3,000 apartments being built in the Triad

August 17, 2015

(The Greensboro News & Record)

The apartment market in Greensboro, Winston-Salem and High Point continues to grow with 3,000 apartments under construction and 2,200 planned by developers. A big factor in the growth is continued sluggish demand for new and existing homes, along with conservative lending by mortgage bankers.