Business

Hearing for Amazon Wind Farm case set for Wednesday

April 13, 2016

(The News & Observer, Raleigh)

Lawyers will debate whether an additional regulatory review is required for Amazon's $400 million wind farm that is under construction in northeastern N.C. A couple from Perquimans County contends the wind farm must be reviewed again since the current project differs from the original proposal. The wind farm will be the largest in the Southeast and represents the region's biggest economic-development project.

Greensboro News & Record editor/publisher resigns

April 13, 2016

(Winston-Salem Journal)

Jeff Gauger resigned Tuesday as editor and publisher of the News & Record, which is owned by Berkshire Hathaway Media Group. Gauger came to Greensboro in 2012 from Canton, Ohio, where he was editor of the city's daily newspaper and three smaller newspapers.

Duke Energy forms new business group, names new execs

April 13, 2016

(The Charlotte Observer)

Duke Energy named Dhiaa Jamil executive vice president and chief operating officer and Melissa Anderson EVP and chief human resources officer. The Charlotte-based utility also announced it has formed a new business transformation and technology group, which will be led by Brian Savoy. Savoy has been chief accounting officer and controller since 2013.

Suddenlink drops WRAL in Greenville viewing area

April 13, 2016

(The Daily Reflector)

Cable provider Suddenlink is dropping Raleigh-based WRAL from its lineup after WRAL switched its affiliation to NBC after more than 30 years as a CBS affiliate. The change should benefit WITN, a Chocowinity-based station that broadcasts NBC in the Greenville region.

Lenovo PC shipments jump in the U.S.

April 13, 2016

(The News & Observer, Raleigh)

Amid an industry-wide decline in demand for PCs, a bright spot for Lenovo is the U.S. market, where the computer-maker's shipments jumped more than 20% in the first quarter. Lenovo's worldwide shipments fell 8.5%; worldwide PC shipments by all companies fell 11.5%, according to a report by market research firm IDC.

New York firm buying Hatteras Financial for $1.5B

April 12, 2016

(Winston-Salem Journal)

Annaly Capital Management will pay $1.5 billion in cash and stock for Winston-Salem-based Hatteras Financial, a publicly held real-estate investment trust. Hatteras' portfolio is primarily in adjustable-rate mortgage securities. The deal is expected to close Sept. 30.

Durham drug developer files for IPO

April 12, 2016

(The News & Observer, Raleigh)

Viamet Pharmaceuticals filed plans for an initial public offering. Co-founded by former UNC Chapel Hill Chancellor Holden Thorp, the company doesn't have any drugs on the market. Viamet shelved plans for an IPO in 2014 after raising $60 from private investors. Its leading drug candidate is a treatment for yeast infections and toenail fungal infections.

Overflow crowd turns out for public hearing on CSX project

April 12, 2016

(WRAL.com)

Linwood Parker, mayor of Four Oaks, said he will push for landowners to be treated fairly if CSX decides to bring a $272 million cargo hub to the Johnston County town. Town officials contacted CSX after an original plan to build the project near Selma fell through.

Report: Asheville rents are highest in the state

April 12, 2016

(Asheville Citizen-Times)

The median rent for a two-bedroom apartment in Asheville is $1,180 a month, up 7.6% from a year ago, according to San Francisco-based Apartment List. Charlotte and Durham are second and third, with median rents of $1,140 and $1,100 respectively.

Lash Group opens new SC headquarters

April 12, 2016

(The Charlotte Observer)

The Lash Group held a ribbon-cutting ceremony on Monday at its new headquarters in Fort Mill, S.C. The company moved 1,200 jobs from Charlotte and hopes to double its workforce, adding another 1,200 by 2020. An AmerisourceBergan company, Lash Group provides patient support services for the health care industry.