Vol. 35 No. 11, November - November 2015
Index
- Compounding conditions.
- Making dream homes realities.
- North Carolina Mid-Market Fast 40.
- Sharing secrets: revenue and workforce gains come from training, technology and tacts, Fast 40 execs say.
- Staffing for your success.
- Inquiring minds: if curiosity kills the cat, I'd better stick with dogs when it comes to understanding our state.
- Role tide: North Carolina's fastest-growing burg, sitting in the path of Raleigh's sprawl hopes to retain a bit of its small-town charm.
- Good times: while Duke Energy Chief Executive Officer Lynn Good lacks her predecessor's charisma, she's shown a steely resolve overseeing the coal-ash crisis. Now, she has to collect the check.
- Hamner time: a deal junkie with an academic pedigree, Clay Hamner is carving a slice of the gourmet-food business.
- Royal treatment: Nine Tar Heel doctors hit seven figures from royalties and speeches.
- Pork is king: North Carolina isn't the only one going whole hog--so is the rest of the country.
- The $10 million club: a flurry of giving leads to a building boom at the 91-year-old Furniture City school.
- Healing power: Veterans' health care receives a huge boost from the feds.
- Digital disasters.
- Teed up: a Burlington T-shirt company resets by putting people before profits.
- Gaining altitude.
- Brunswick County.
- Greenville--East Carolina University raised a record $39 million in the 2014-15 academic year, compared with $33 million in 2013-14.
- Perquimans County.
- Wilmington--Pharmaceutical Product Development was awarded a two-year federal contract to evaluate avian influenza vaccines from the national stockpile for the Biomedical Advanced Research and Development Authority.
- Should Raleigh get high?
- Cary--Align Technology, the Amsterdam-based company that makes Invisalign braces, will invest $4 million and create more than 100 jobs in its first East Coast location.
- Cary--DB Global Technology, a unit of Germany-based Deutsche Bank, will add 250 jobs and invest $9 million by the end of 2016 at its local software-development center.
- Durham--Boston-based Intarcia Therapeutics acquired Phoundry Pharmaceuticals for an undisclosed amount.
- Morrisville--Delta Air Lines will add a daily nonstop route from Raleigh-Durham International Airport to Paris beginning May 2016.
- Morrisville--Longfellow Real Estate Partners paid $117.7 million for Keystone Technology Park, which includes 11 office, flex and lab buildings on nearly 80 acres.
- Morrisville--TranEnterix bought the surgical-robotics division of Italy-based Sofar for $68.7 million in cash and stock.
- Raleigh--Highwoods Properties paid $303 million for two Atlanta office buildings totaling 896,000 square feet and $124 million for the 35-story, 528,000-square-foot SunTrust Financial Centre in Tampa, Fla.
- Raleigh--Yadkin Financial is buying NewBridge Bancorp of Greensboro for stock valued at $456 million, or $11.40 per share.
- Crying in their beer.
- Greensboro--Cone Health is proposing a $173 million expansion.
- Greensboro--Qorvo will invest $25 million and create 100 jobs at a new 150,000-square-foot research and development center.
- Madison--Remington Outdoor will lay off 41 people by Dec. 10.
- Winston-Salem--Reynolds American, will sell international rights to its Natural American Spirit brand cigarette to Japan Tobacco Group for $5 billion in cash.
- Winston-Salem--Wade Reece, chairman and CEO of BB&T Insurance Holdings, will retire Dec. 31 after 37 years at BB&T.
- Ballantyne's day.
- Charlotte--Coca-Cola Bottling Co. Consolidated will buy plants in Indiana, Maryland, Ohio and Virginia as part of Atlanta-based Coca-Cola's sale of nine plants to three independent bottlers for a combined $380 million.
- Charlotte--Park Sterling, holding company for Park Sterling Bank, will acquire Glen Allen, Va.-based First Capital Bancorp in a deal valued at about $82.5 million.
- Charlotte--Richard 'Stick' Williams, 62, will retire at year-end as president of the Duke Energy Foundation and vice president of corporate community affairs of Duke Energy.
- Charlotte--SPX completed the spinoff of its flow-products business, which makes pumps, valves and filtration systems. Gene Lowe was named president and CEO of SPX FLOW.
- Asheville -- Dave Neill, Carolinas regional president for Gannett and publisher of the Asheville Citizen-Times, resigned.
- Boone--Appalachian State University will receive a $1.2 million grant from the National Science Foundation to provide scholarships for math and science majors who commit to teach in rural schools.
- Forest City--Facebook will invest $200 million in an expansion of its local data center.
- Not in my back foothills.
- High rise: Fred Klein emerged as a dominant Charlotte developer without calling attention to himself or his partnership team.
- Builders' best.
- Swindling seniors.
- Hot cider: with a new take on an ancient beverage, two Asheville friends brew up a business in North Carolina's apple country.
- Revolution takes root: Pitt County is building a technology-filled future thanks in part to its agrarian past.