Business

Argos Therapeutics notches $19.6 million loss

August 13, 2015

(The News and Observer)

Argos Therapeutics, a Durham drug developer, said it lost $19.6 million in the second quarter as it boosted research and development spending.

Premier buys software company for $65 million

August 13, 2015

(The Charlotte Observer)

Charlotte-based Premier Inc. purchased software developer Healthcare Insights of Libertyville, Ill. for $65 million. Premier provides hospitals and health care systems with analytics and other services.

Glaxo shuts down Zebulon plant over bacteria scare

August 12, 2015

(WRAL.com)

GlaxoSmithKline temporarily shut down part of its pharmaceutical manufacturing site in Zebulon after the bacteria that causes Legionnaires' disease was found in the cooling towers,

Polk County commissioners pan Duke Energy power line plans

August 12, 2015

Polk County commissioners voted to oppose Duke Energy’s plans for a transmission line through the mountain county.

North Carolina tourism's impact tops $20 billion

August 12, 2015

(The Charlotte Observer)

Tourism spending statewide topped $21.3 billion for 2014, up 5.5% from the previous year, according to the N.C. Department of Commerce.
 


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Cree reports $20M quarterly loss

August 12, 2015

Chuck Swoboda, CEO of LED lighting maker Cree, blames a $20.6 million quarterly loss on a tough competitive environment. For the year Cree earned $72 million compared with $203 million in the previous year.

94% of Triangle apartments are occupied

August 12, 2015

(The News & Observer)

Apartment occupancy rates for the Triangle increased to 94% in the second quarter, according to MPF Research. Rents increased 5.9% from a year earlier.

 

Air Wilmington to add a hangar

August 12, 2015

(Wilmington Business Journal)

Air Wilmington, a fixed-based operator at Wilmington International Airport, broke ground on a hangar.

Former Charlotte Mayor Foxx sued over alleged sham job

August 12, 2015

(WSOCTV.com)

A federal bankruptcy case filed Friday contends Foxx received more than $400,000 as a corporate attorney for DesignLine, a bus maker, but didn't fulfill his job.

Snyder's-Lance profits exceed forecast

August 11, 2015

(The Charlotte Observer)

Snackmaker Synder's-Lance surprised investors with a larger quarterly profit than expected. Increased sales of pretzels and kettle chips paved the way.