Business

Swisher's future uncertain as losses continue

April 2, 2015

(The Charlotte Observer)

Swisher Hygiene said it may need to sell assets, raise additional equity or take on more debt to improve its financial situation. The Charlotte-based company, which provides cleaning services and products, reported a loss of $2.64 per share in 2014, compared with a loss of $8.55 a share in 2013.

NFL player sues Bank of America over losses

April 2, 2015

(The Charlotte Observer)

NFL player Dwight Freeney is suing Bank of America over claims the bank knew about a fraud scheme that caused him to lose $20 million and did nothing to stop it.

Quintiles forms joint venture with Quest Diagnostics

April 1, 2015

(The News & Observer, Raleigh)

Durham-based Quintiles will form a joint venture with Quest Diagnostics to combine lab services for clinical trials. Quintiles, the world's largest contract-research organization, is the No. 2 provider of clinical-trial lab services behind Burlington-based LabCorp. New Jersey-based Quest acquired High Point's Solstas Lab Partners a year ago for $570 million.

Georgia offered Mercedes-Benz $7.9M more than NC

April 1, 2015

(The Charlotte Observer)

North Carolina offered Mercedes-Benz USA incentives totaling $15.4 million to encourage the automaker to move its headquarters from New Jersey to Raleigh, while Georgia offered $23.3 million, documents show. The company, a division of Germany-based Daimler, announced in January it had chosen Atlanta for the project.

International Paper to invest $135M in NC plant, layoffs to follow

April 1, 2015

(StarNews, Wilmington)

International Paper plans to invest $135 million in its Columbus County plant, but the upgrades will result in the loss of an unspecified number of jobs. The conversion, expected to be completed by mid-2016, will allow the mill to move to 100% production of fluff pulp that is used in products including baby diapers. The company employs 740 people at the plant.

Reynolds subsidiaries debut new products

April 1, 2015

(Winston-Salem Journal)

R.J. Reynolds Tobacco will launch Camel White, a premium-branded cigarette, in 21 western and midwestern states. Reynolds American sudsidiary American Snuff, which makes the top-selling Grizzly-branded snuff product, also introduced a new dark wintergreen flavor Tuesday.
Related: Reynolds confronting antitrust concerns over Lorillard merger, Bloomberg Business

Durham app developer acquired by Ticketmaster

April 1, 2015

(The News & Observer, Raleigh)

Ticketmaster will acquire Durham app developer Two Toasters for an undisclosed amount. Two Toasters has developed apps for brands including Regal Cinemas, Lexus and Dick's Sporting Goods. Following the sale, the company will work exclusively on Ticketmaster projects.

Aquesta, CommunityOne buy CertusBank branches

April 1, 2015

(The Charlotte Observer)

Aquesta Bank will acquire a CertusBank branch in Charlotte's SouthPark neighborhood. It will be the seventh branch for the Cornelius-based bank and its first in Charlotte. Greenville, S.C.-based CertusBank, which was started in Charlotte by former Wachovia and Bank of America executives, also plans to sell a Lenoir branch to Charlotte-based CommunityOne Bancorp.

Durham's BioCryst awarded up to $35M for Ebola treatment

April 1, 2015

(The News & Observer, Raleigh)

Durham-based drug developer BioCryst Pharmaceuticals will receive up to $35 million in federal funding to accelerate clinical studies for its experimental Ebola treatment.

President of Wake Forest Baptist Health steps down

March 31, 2015

(Winston-Salem Journal)

Karen "Bobbi" Carbone is stepping down as president of Wake Forest Baptist Health, a division of Wake Forest Baptist Medical Center. Carbone joined the division in March 2014 as chief operating officer and became president when Thomas Sibert retired in August. The Winston-Salem-based health system said Carbone is leaving "to pursue other opportunities." Mike Rutherford, chief financial officer, also plans to step down in April.