Business

SAS ranks No. 2 on global list of best places to work

October 24, 2014

(WRAL TechWire)

Cary-based SAS Institute was ranked No. 2 on the Great Place to Work Institute's list of best global workplaces, behind Mountain View, Calif.-based Google for the second year in a row.

Mesa Airlines leaving Charlotte Douglas airport

October 24, 2014

(Winston-Salem Journal)

Mesa Airlines informed the N.C. Department of Commerce it will discontinue operations a Charlotte Douglas International Airport, eliminating 631 jobs. Most affected employees have accepted company jobs outside of Charlotte. The shutdown is due to US Airways' decision to move Mesa's contract operations to another location.

Frontier bringing gigabit Internet to some Triangle locations

October 24, 2014

(WRAL TechWire)

Frontier Communications will offer the first gigabit Internet service that is up to 100 times faster than cable at some locations in Durham and Research Triangle Park, but prices are not cheap. Residents will pay $219 a month for one-gigabit service but there's no installation fee or contract required.

Biotech center issues almost $900,000 in loans, grants

October 24, 2014

(The News & Observer, Raleigh)

The North Carolina Biotechnology Center issued $885,586 in grants and loans in the first quarter. Chapel Hill-based Novocor Medical Systems and KinoDyn each received $250,000 loans, as did Winston-Salem-based KeraNetics. The state restored $1 million in funding to the nonprofit center for the 2014-15 fiscal year 

TIMCO changes name to Haeco

October 24, 2014

(News & Record, Greensboro)

Greensboro's TIMCO Aviation is now called Haeco. Hong Kong Aircraft Engineering Co. paid $338.8 million for TIMCO in 2013 and now operates its worldwide companies under the Haeco Group name. The company maintains and repairs jet airplanes and employs about 1,800 in the Triad.

Brazilian companies increase offer ahead of Chiquita merger vote

October 24, 2014

(The Charlotte Observer)

Two Brazilian companies increased their buyout offer from $14 a share to $14.50 a share Thursday in a last-minute effort to convince shareholders of Chiquita Brands International to choose its offer over that of Irish produce company Fyffes. Chiquita shareholders will vote at 9 a.m. Friday on the proposed merger.

Sears closing Gastonia store

October 24, 2014

(The Gaston Gazette)

Sears Holding Co. will close its store and auto center at Gastonia's Eastridge Mall in December. The store's 65 employees can apply for positions at other Sears and Kmart stores, a company spokesman said.

Third-quarter profits up 66% for Charlotte's Nucor

October 24, 2014

(The Charlotte Observer)

Nucor reported a 66% increase in third-quarter profits compared with the same period a year ago. The Charlotte-based steel company said sales were led by demand for manufactured goods, including automotive.

Report reveals 18 years of academic fraud at UNC Chapel Hill

October 23, 2014

(The News & Observer, Raleigh)

An investigation into academic fraud at UNC Chapel Hill revealed an 18-year scheme based on a system of no-show classes for student athletes. Following the report's release, Chancellor Carol Folt said four university employees will be terminated and another five will face disciplinary action.

Reynolds American to ban smoking in the workplace

October 23, 2014

(WRAL.com)

Beginning next year, Reynolds American will no longer allow employees to smoke cigarettes, cigars or pipes in offices and other common areas. The Winston-Salem-based cigarette maker will add indoor smoking areas for those who want to light up. The company will allow the use of electronic cigarettes and other smokeless tobacco products.