Business

SciQuest’s latest chapter as the Jaggaer meister

Six months after being acquired by private-equity firm Accel-KKR for $509 million, SciQuest is changing its name to better reflect an expanded customer base. The Morrisville-based company has rebranded as Jaggaer (pronounced “Jagger,” as in Mick), which is derived from the German word for “hunter.” The term expresses the company’s “ability to help track value […]

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Hanesbrands drops 17% after reporting record profit

In the last two years  Winston-Salem-based apparel maker Hanesbrands has churned out record profit topping $830 million  — and its shares have declined about 45% from a March 2015 peak amid fears of slowing growth. Analysts expect a rebound: The one-year target price averages 30% higher than the current level. Hanebrands’ misery was share by […]

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Hanesbrands stock falls on earnings report

Shares of Winston-Salem apparel manufacturer Hanesbrands Inc. closed 2.3% lower Thursday after the company reported earnings that failed to meet analysts’ expectations. Fourth-quarter net income rose nearly 32% to $157.1 million, but the company’s adjusted earnings per share of 53 cents fell 5 cents short of Wall Street estimates. Sales climbed 11.8% in the quarter […]

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Downtown Raleigh Alliance losing CEO

David Diaz, who has headed the Downtown Raleigh Alliance for the past decade, will leave the nonprofit for a job in Virginia. His last day as CEO will be March 10. During Diaz’ tenure, the DRA helped attract more than $2 billion in investment and created a retail strategy plan for the city’s downtown district. The […]

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