Business

Biogen changes name, reports positive results for Alzheimer's drug

March 23, 2015

(The Herald-Sun, Durham)

Biogen reported promising results of an Alzheimer's treatment it is developing. The Massachusetts-based biotech company, which has a manufacturing site in RTP, said Friday that its investigational drug successfully slowed cognitive decline in patients with the progressive neurological disease. The company also shortened its name from Biogen Idec effective Monday.

Asheville's River Arts District gets makeover

March 23, 2015

(Asheville Citizen-Times)

Asheville's River Arts District will benefit from $50 million in public funding and about $200 million in private investment over the next six years. The money will pay for greenways, road improvements and other infrastructure upgrades in the once-industrial area.

Wilson anticipates lower power bills after Duke Progress deal

March 23, 2015

(The Wilson Times)

Wilson residents can expect double-digit decreases in electric rates once assets of the N.C. Eastern Municipal Power Agency are sold to Duke Energy Progress (Statewide, September 2014), according to City Manager Grant Goings.

Greensboro's Urban Loop to shape area's development

March 23, 2015

(News & Record, Greensboro)

Greensboro's 44-mile Urban Loop is expected to fuel growth in the city's suburbs and open up land for industry by improving access to Piedmont Triad International Airport.

Snyder's-Lance expands healthy-snack options

March 23, 2015

(The Charlotte Observer)

Snyder's-Lance plans to introduce a gluten-free sandwich cracker this spring, the latest move by the Charlotte-based snack-maker to expand its healthier offerings. The company last year bought organic-chip company Late July Snacks and Baptista's Bakery, which makes baked snacks.

Lenovo restructures top management

March 20, 2015

(WRAL TechWire)

In a realignment of its top management officials, Beijing-based Lenovo named Gianfranco Lanci, former CEO of Acer, to the newly created position of president. Morrisville-based Jay Parker, president of North American operations, will become senior vice president of the computer-maker's enterprise business and will move to RTP.

Target raises minimum hourly wage to $9

March 20, 2015

(The Charlotte Observer)

Following rival Wal-Mart's announcement last month that it will raise employee wages, Target said it will raise the minimum wage for hourly workers to $9 an hour. The retailer, No. 24 on Business North Carolina's annual list of largest employers with 8,800 workers statewide, declined to say what its lowest-paid workers currently earn. The Minneapolis-based retailer also said it will pay $10 million to settle a class-action lawsuit related to a 2013 data breach.

Hornets ink deal with Crown Royal

March 20, 2015

(The Charlotte Observer)

The Charlotte Hornets signed a multiyear deal with London-based liquor company Diageo, marking Time Warner Cable Arena's first partnership with an alcoholic-beverage company. The NBA team's logo will appear on Crown Royal bags as part of the deal. Financial terms were not disclosed.

Plastics company adding 50 jobs in Davidson County

March 20, 2015

(Winston-Salem Journal)

Thomson Plastics will add 50 jobs in Davidson County. The company will acquire a 106,200-square-foot plant previously occupied by Tarheel Plastics and invest $2.5 million in renovations and equipment. Thomson makes plastic casings for motors used in lawn mowers, golf carts and HVAC equipment.

Ground-breaking held for Hendersonville health center

March 20, 2015

(Hendersonville Times-News)

Officials broke ground Thursday on a 98,000-square-foot health-sciences center in Hendersonville that is a partnership of local governments, Pardee Hospital, Blue Ridge Community College and Wingate University. The center will house educational programs, a cancer center and surgical offices.