Business

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.

Panthers owner sends entire staff to Super Bowl

January 27, 2016

(The Charlotte Observer)

Jerry Richardson will pay for all Carolina Panthers staff members – including interns – to travel to California for Super Bowl 50. The team's owner also paid for staff to go to the Panthers' only other Super Bowl appearance in 2004.
Related: Durham-based company to supply technology for Super Bowl 50

Report: Durham ranks 4th in VC funding per capita

January 27, 2016

(ExitEvent.com)

When it comes to overall venture-capital funding, North Carolina still lags far behind other states with strong technology sectors. But a new report shows that Durham attracts $475 in venture capital per resident, behind only San Jose, Calif. ($2,146), San Francisco ($1,415) and Boston ($665). Greensboro, the only other North Carolina city on the list, ranked 15th with $97 per capita. The report, from The Atlantic CityLab, was based on Thomson Reuters data from 2012.

Xerox lays off 178 in Cary

January 27, 2016

(The News & Observer, Raleigh)

Xerox Commercial Services is closing a unit in its Cary call center, resulting in 178 job cuts. The layoffs are expected to occur in March. Xerox employs more than 1,600 people in Cary.