Business

Honda Aero announces $21M expansion in Burlington

April 20, 2016

(News & Record, Greensboro)

Honda Aero will invest $21 million in a 50,000-square-foot expansion of its Burlington plant, creating 30 new jobs. Engines made and tested here are delivered to Honda Aircraft in Greensboro for installation in the HondaJet light aircraft. Honda Aircraft delivered the first HondaJet, which can seat up to seven people, in December.

UnitedHealthcare to stop selling ACA policies in NC

April 20, 2016

(The Charlotte Observer)

Citing $1 billion losses from its Affordable Care Act exchanges, insurer United Heathcare will stop selling ACA policies in North Carolina and many other states in 2017. The state's largest insurer, Blue Cross and Blue Shield, has also said it is considering pulling out of the ACA market in North Carolina. That would leave N.C. with only one ACA insurer, Coventry Health, which operates in just 39 counties.

Analysts weigh in on potential LabCorp-INC Research deal

April 20, 2016

(The News & Observer, Raleigh)

Burlington-based LabCorp has held preliminary talks with Raleigh's INC Research about a possible deal, Bloomberg reports. INC, a contract-research organization, employs about 1,000 poeple in the Triangle. Analysts say a deal makes sense, as one of INC's strongest areas — testing drugs that affect the central nervous system — is one of LabCorp's deficiencies in its Covance CRO business

Durham's Argos Therapeutics cutting 18 jobs; COO resigns

April 20, 2016

(WRAL TechWire)

Durham drug developer Argos Therapeutics is cutting 13% of its workforce, or 18 employees, reducing its head count to 117. Fred Miesowicz is stepping down as chief operating officer but will remain a consultant with the company, which makes cancer treatments. Argos went public in 2014 and later that year announced plans to build a new 100,000-square-foot manufacturing plant in Durham that would create 230 jobs. The company was awarded up to $9.5 million in state incentives for the expansion.

Follett buying Charlotte's Baker & Taylor

April 20, 2016

(The Charlotte Observer)

Chicago-based Follett will purchase Baker & Taylor, a Charlotte-based provider of books, videos and music to public libraries, for an undisclosed amount. Baker & Taylor had been put up for sale by Castle Harlan, the New York-based private-equity firm that has owned it since 2006. The company employs 214 in Charlotte.

Oppositions mounts to CSX hub in Four Oaks

April 19, 2016

(WRAL.com)

At a public hearing on Monday, U.S. Senate candidate Greg Brannon was among speakers opposing a proposed CSX cargo hub in Four Oaks. The town in Johnston County expects to have an answer about the CSX project within a few days. Mayor Linwood Parker supports the project, which the state Commerce department says could bring as many as 8,000 jobs over the next five years.

Brunswick County has the most vacation homes in NC

April 19, 2016

(StarNews, Wilmington)

Brunwick County had 23,941 vacation homes in 2010, a 54% increase over 2000 when the county had 15,540 seasonal homes. Tourism spending in Brunswick increased to $496 million in 2014. Brunswick includes the popular vacation towns of Oak Island, Holden Beach and Ocean Isle Beach.

David Jackson, 'Voice of the Mountaineers,' resigns after 16 seasons

April 19, 2016

(Winston-Salem Journal)

David Jackson, associate athletic director at Appalachian State University, has resigned after working as a sports broadcaster at the school for 16 years. Known as "the Voice of the Mountaineers," Jackson said his schedule, which involved heavy travel and lots of weekend work, made it difficult to balance life with his wife and two children.

Best high schools in NC? Depends on which list

April 19, 2016

U.S. News & World Report ranks Greensboro's Early College at Guilford as the top public high school in North Carolina, with Raleigh Charter High School in second place (see the full list here). The Washington Post on Sunday released its ranking of America's Most Challenging High Schools, with Raleigh Charter topping the list for the Tar Heel state.

Feeling low in High Point

April 19, 2016

As the spring High Point Market wraps up this week, organizers will take stock of HB2's impact. Business owners like Mark Weinstein are not feeling the love.