Business

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.

CLT is 5th-busiest airbort in nation, 6th-busiest in world

April 12, 2016

(The Charlotte Observer)

Charlotte Douglas International Airport is now the fifth-busiest airport in the U.S. and the sixth-busiest in the world, based on takeoffs and landings. The number of travelers increased 1% in 2015 to 44.9 million, though about 80% of passengers use the airport for connecting flights. The airport is ranked ninth-busiest by passengers.

Medical-products manufacturer opens HQ in Pitt County

April 12, 2016

(The Daily Reflector, Greenville)

DR Burton Healthcare Products will open its headquarters and manufacturing center in a 29,000-square-foot space in Farmville, aided by a building reuse grant from the N.C. Commerce Department. The company makes surgical and respiratory products. The company didn't say how many people it plans to hire.

Individual attendance down at High Point Market

April 11, 2016

(Greensboro News & Record)

The number of companies registered for the biannual trade show is about the same as last spring, but the number of individuals representing the companies is down about 4%, according to CEO Tom Conley. He says the decline in attendance is unrelated to HB2, though dozens of companies have said they won't attend the market over the bill's passage. The impact of HB2 won't be clear until after the market concludes on April 20.

Developers reveal plans for massive 'River District' in southwest Charlotte

April 11, 2016

(Charlotte Agenda)

Crescent Communities and Lincoln Harris filed paperwork with the city of Charlotte for a new development that could be roughly the same size as Ballantyne. Tentatively called the "River District," it encompasses more than 1,300 acres between the airport and the Catawba River. Residential districts, including up to 1,700 houses, will be located along the river, and a "town center" will include 1 million square feet of office space and 300,000 square feet of retail/restaurant space. Plans call for a public waterfront area, a greenway and a "wildlife preserve" of at least 75 acres.

Durham company breaks ground on zero-emissions power plant

April 11, 2016

(The News & Observer, Raleigh)

NET Power broke ground last month on what the company says is the world's first zero-emissions power plant. The 25-megawatt plant, near Houston, Texas, expects to start generating energy in March 2017. The plant captures carbon dioxide that would otherwise be released into the air and stores it for injection underground or industrial uses.

3 Yadkin Financial execs got big raises in 2015

April 11, 2016

(Winston-Salem Journal)

Yadkin Financial CEO Scott Custer received a 107.7% raise in 2015 as his salary increased to $519,231. Custer's total compensation was $1.3 million, up 95.1% from 2014. CFO Terry Earley and Steven Jones, chief banking officer, also got 107.7% salary increases. Raleigh-based Yadkin has about $7.3 billion in assets and 110 branches following last month's acquisition of Greensboro-based NewBridge Bancorp, though plans call for shedding up to 11 branches in overlapping markets.

Harris Teeter leads Charlotte grocery market

April 11, 2016

(The Charlotte Observer)

Grocery wars are heating up in Charlotte, and the latest market share rankings show Harris Teeter is in the top spot with 19.4%. Food Lion is second, while Wal-Mart Supercenter fell from No. 1 in 2014 to No. 3. However, Wal-Mart leads with 26.6% market share when its Supercenters, Sam's Clubs and Neighborhood Markets are combined. Florida-based Publix was fourth with a 6% market share.