State aid is no cure for drug maker.(Triangle)
GlaxoSmithKline opted out of a 2005 state incentive agreement that
would have paid it $1.4 million for creating 200 jobs at its plant in
Zebulon and keeping them 10 years. Spokeswoman Stefanie . . .
Working capital.(Triangle)
TRIANGLE REGION
Jobs: 919,921
YTD change: (1,874)
Index: 111.5
Source: Employment Security Commission, December. Figures are not
seasonally adjusted. The index is the number of jobs as a . . .
Panel: rail is still the ticket.(Triangle)(federal funding for
train)(Triangle Transit Authority)
Nearly two years ago, when it dropped its bid for federal funding
of a 28-mile, $810 million commuter-train line, the Triangle Transit
Authority made it clear that the project had been sidetracked, . . .
Fayetteville State University and UNC Pembroke.(Eastern)
FAYETTEVILLE -- The state Board of Nursing placed nursing programs
at Fayetteville State University and UNC Pembroke on probation. Only 64%
of nursing graduates at Fayetteville State passed the . . .
East Carolina University.(Eastern)
GREENVILLE -- East Carolina University wants to expand enrollment
at its Brody School of Medicine. The school admits about 70 students
each fall and wants to increase that to 120, but it hasn't set . . .
Vernon Park Mall.(Eastern)
KINSTON -- A Long Island, N.Y., father-and-son investment team
bought Vernon Park Mall from four Dare County residents for $9.4
million. It's Alex and Tommy Demetriades' first purchase in
North . . .
Poyner & Spruill.(Eastern)
CAMDEN -- Camden County hired Poyner & Spruill, a Raleigh-based
law firm, to persuade the Navy not to build a practice landing field for
jets here. The Navy also is studying sites in Gates County . . .
Progress Energy.(Eastern)
BEAUFORT -- Raleigh residents Nelson and Diana Paul asked the state
Utilities Commission for permission to build a wind farm about seven
miles northeast of here. It could generate enough power for . . .
Star-News.(Eastern)
WILMINGTON -- The local daily newspaper here cut 15 jobs, leaving
it with about 190. The layoffs were part of a companywide reduction by
The New York Times Co., which owns the . . .
Pharmaceutical Product Development.(Eastern)
WILMINGTON -- Pharmaceutical Product Development, which conducts
clinical research for drug companies, plans to acquire Russian
competitor InnoPharm. Terms were not announced. InnoPharm employs . . .
Pennsylvania Transformer Technology.(Eastern)
RAEFORD -- Pennsylvania Transformer Technology is adding 27 jobs,
nearly doubling its work force here. The company, based in Canonsburg,
Pa., makes power transformers and voltage regulators for . . .
Allegiant Air.(Eastern)
WILMINGTON -- Las Vegas-based Allegiant Air plans to add two weekly
round-trip flights this month between Wilmington International Airport
and Orlando, Fla., after it ends two weekly flights from . . .
PharmaLinkFHI.(Eastern)
WILMINGTON -- Durham-based PharmaLinkFHI opened an office that will
employ about 35 here. The contract-research organization says it picked
Wilmington for its many clinical-research . . .
Premier Trailer.(Eastern)
KINSTON -- Premier Trailer hopes to begin production of aluminum
horse trailers here this month. The company, part of Pink Hill-based
Double D Trailers, plans to employ about 55. Double D employs . . .
Working capital.(Eastern)
EASTERN REGION
Jobs: 1,051,268
YTD change: (2,336)
Index: 110.0
Source: Employment Security Commission, December. Figures are not
seasonally adjusted. The index is the number of jobs as a . . .
Getting (rid of) Randy.(Eastern)(Brief article)
Roanoke Rapids officials agreed to pay $750,000 to cut ties with
performer Randy Parton, whom they hired in June 2005 to run an
entertainment complex that they hoped would spark the city's
economy. . . .
Boat builder changes course.(Eastern)
Brunswick Corp. is closing its 200-employee Hatteras Yachts plant
in Swansboro, a year after local boosters gave it an award for creating
the jobs. But state officials say Brunswick, a Lake Forest, . . .
Charlotte growth pushes limits: region must make sure its
utilities, roads and other infrastructure are prepared for an influx o
Unless infrastructure needs, including water, education,
electricity and transportation, are addressed soon, the Charlotte region
could have trouble sustaining its rapid growth. That was the . . .
Economic outlook.(housing prices)(interview of Jacob
Vigdor)(Interview)
Foreclosures are on the rise in North Carolina--up 9.4% in 2007 and
expected to increase as much as 20% this year. Government help for
borrowers and lenders is OK, says one expert, but don't overdo . . .
Stock watch.(share price of real-estate)(Statistical
table)
SPOTLIGHT
The share price of real-estate title insurer Investors Title shot
up in late February just before a dividend boost.
[GRAPHIC OMITTED]
[GRAPHIC OMITTED]
HIGHEST PRICE/EARNINGS . . .
|
|