Wilmington-based PPD Inc. has announced the pricing of a secondary offering of shares of its common stock, according to a news release. The firm is offering 38 million shares of its stock at a public price point of $32.25 per share, stated the release. The underwritten public offering is by certain stockholders of the firm, including stockholders affiliated with ...

A new operations manager is leading efforts in downtown Wilmington's Municipal Services District, according to a news release. James Slay took on the role of the Municipal Service District’s (MSD) operations manager in July, said Dane Scalise, chair of the board of directors for Wilmington Downtown Inc. (WDI). “James and his team are making a hug ...

It’s been six months since COVID-19 began infecting the North Carolina economy. On March 14, N.C. Gov. Roy Cooper announced that K-12 schools were to close, the first of several measures aimed at preventing the spread of the coronavirus.   The ensuing half-year has seen businesses deemed nonessential close and then reopen with restrictions. Restaurants and bar ...

Wilmington Downtown Inc. announced Wednesday the formation of a search committee to find the economic development organization's next president. Officials announced in July that Ed Wolverton, who led the organization for nearly seven years, would be stepping down. Wolverton is now the president and CEO of Uptown Columbus Inc. in Columbus, Ga. According to a news ...

The arrival of Air Force One and President Donald Trump to the Wilmington International Airport this week is an event airport officials will remember for years to come, said Julie Wilsey, ILM's airport director. Airport officials had just days to prepare. The president first arrived at ILM on Wednesday morning before heading to the Battleship North Carolina, where h ...

Some businesses in the Cape Fear region continue to be optimistic about hiring, despite the economic challenges associated with the COVID-19 pandemic, according to data recently released from a local collaborative survey on workforce needs. The Wilmington Chamber of Commerce, Cape Fear Collective and more than 50 regional organizations partnered in distributing a survey ...

The efforts of O2 Fitness to establish health and safety standards that would allow the gym chain to open fully have stalled, at least temporarily.   Late Friday, after company officials did not reach an agreement with N.C. Dept. of Health and Human Services, O2 Fitness sent an email to members of its North Carolina facilities informing them of the postponed opening ...

Wilmington-headquartered PPD has been named one of the best employers in the state, according to Forbes magazine’s 2020 list of America’s Best Employers in North Carolina. PPD, a contract research organization, ranked No. 32 on the list that includes 100 employers in the state. “PPD is a great place to work because of our employees’ dedication ...

Wilmington International Airport officials are focused on getting ILM’s numbers back up to pre-COVID-19 levels, according to an airport update Monday.  They previously set a goal to increase seats and schedules by 50% and announced by the end of July that they had reached 40%, according to ILM director Julie Wilsey, who gave a presentation to the New Hanover ...

As of late afternoon Friday, O2 Fitness officials were still uncertain whether they would proceed with plans to reopen their facilities in North Carolina on Saturday. Those plans faced headwinds from the N.C. Dept. of Health and Human Services that blew in earlier Friday. The gym chain, which has four locations in Wilmington in addition to others in the Triangle and the ...