Business

Pittenger looks to ease regulation for community banks

February 16, 2015

(The Charlotte Observer)

U.S. Rep. Robert Pittenger says tighter regulations are hurting the banking industry, especially community banks. Pittenger, of Charlotte, and Rep. Patrick McHenry of Lincolnton and Mick Mulvaney of Indian Land, S.C., are members of the House Financial Services Committee, which will look for ways to ease the burden of Dodd-Frank regulations, Pittenger said.

Lenovo finds success with its ThinkPad products

February 16, 2015

(The News & Observer, Raleigh)

Despite growing competition from rivals including Apple, Lenovo reached the milestone of selling 100 million ThinkPad laptops in December. The world headquarters for the China-based company's ThinkPad brand of products is in Morrisville.
Also: RTP campus leased to Lenovo sells for $127M

Road projects underway in Greensboro area

February 16, 2015

(News & Record, Greensboro)

Nearly $630 million in road-construction projects are underway or about to get started around Greensboro, including two segments of the Greensboro Urban Loop. A spokesman from the N.C. Department of Transportation says the Greensboro area is at or near the top statewide for the number of major road projects in progress.

Report reveals NC's top lobbyists and political spenders

February 13, 2015

(StarNews, Wilmington)

The Institute for Southern Studies released a report on the top Tar Heel power brokers. The list was led by Charlotte-based Duke Energy, Nationwide Insurance & Affiliates and the nonprofit N.C. Association of Realtors.

NC Research Campus adding 3rd spec laboratory

February 13, 2015

(The Independent Tribune, Concord)

The North Carolina Research Campus in Kannapolis will invest $1.5 million on construction of a third speculative laboratory suite. Construction will begin this spring on the space, which will total at least 4,800 square feet and can accommodate several companies.

Quintiles cutting 270 jobs

February 13, 2015

(The News & Observer, Raleigh)

Durham-based Quintlies will lay off 270 workers worldwide, less than 1% of its workforce of 32,600. The company hasn't said how many of the contract-research organization's 2,500 Triangle employees will be affected by the job cuts, which are the result of a corporate restructuring.

Speedway Motorsports realigns top execs

February 13, 2015

(The Independent Tribune, Concord)

Bruton Smith will step down as CEO of Speedway Motorsports and Marcus Smith, his son, will assume the role. Bruton Smith, CEO and chairman since the Concord-based company's initial public offering in 1995, will become executive chairman. Marcus Smith has served as president and chief operating officer since 2008.

Reynolds' Vuse available in 100,000 stores

February 13, 2015

(Winston-Salem Journal)

R.J. Reynolds Vapor Co. said its Vuse electronic cigarettes are now available in about 100,000 retail outlets. The Reynolds American subsidiary began national distribution of Vuse in June. Meanwhile, Greensboro-based Lorillard reported declining sales of its blu eCigs branded electronic cigarettes. Sales of blu dropped 27.8% during the fourth quarter of 2014.

UNC Chapel Hill tied for second in IPO class of 2014

February 13, 2015

(The News & Observer, Raleigh)

Three chief executives who took their companies public in 2014 were graduates of UNC Chapel Hill, according to Equilar, a Calif.-based firm that provides data about executive compensation. Harvard produced seven CEOs who led their companies through IPOs last year, while Columbia University, Stanford University, Texas Tech University and UNC Chapel Hill each had three.

 

Dillsboro considers cash incentives to attract businesses

February 13, 2015

(The Sylva Herald)

When visitors step off of the Great Smoky Mountains Railroad in Dillsboro, at least nine vacant storefronts are there to greet them. Town leaders are hoping to lure new businesses by offering them cash incentives.