Business

California company bringing 250 jobs to Union County

April 24, 2015

(The Charlotte Observer)

O'Neil Digital Solutions will invest $140 million in a printing and data center operation in Monroe. The Los Angeles-based company plans to create 250 jobs with an average annual salary of $58,819. O'Neil will receive more than $5 million in state and local incentives.

Durham's Bronto Software sells for $200M

April 24, 2015

(The News & Observer, Raleigh)

California-based NetSuite will acquire marketing-technology company Bronto Software for $200 million. Founded 15 years ago, Bronto employs more than 250 people globally, including 220 in Durham. It will operate as a business unit of NetSuite, and no layoffs are expected.

Groups urge BofA shareholders to vote against directors

April 24, 2015

(The Charlotte Observer)

Two shareholder-advisory groups are recommending Bank of America stockholders vote against certain directors to show disapproval of a bylaw change that will allow CEO Brian Moynihan to become chairman. The company's annual meeting will be held on May 6 in Charlotte.

Self-Help Credit Union drops national affiliation

April 24, 2015

(Greater Wilmington Business Journal)

Self-Help Credit Union has dropped its national and regional credit-union affiliations. President Randy Chambers said last week that the national association's stance on policies regarding consumer protection had become counter to those of the Durham-based organization. Self-Help, which has assets totaling $675 million, is the second N.C. credit union to exit the national association; SECU dropped its membership in 2014.

Eden residents concerned about coal-ash landfill

April 24, 2015

(News & Record, Greensboro)

Duke Energy's possible plan to build a coal-ash landfill near a low-income neighborhood in Eden is facing resistance from residents and the leader of the local branch of the NAACP.

BB&T reports lower first-quarter profits

April 24, 2015

(Winston-Salem Journal)

BB&T reported net income of $488 million in the first quarter, down 1.6% from the previous year. Loan revenue dropped 5.7% to $1.21 billion, while fee revenue increased 7.6% to $997 million.

Mission Health ranked among nation's best hospital systems

April 24, 2015

(Asheville Citizen-Times)

For the fourth consecutive year, Truven Health Analytics named Asheville's Mission Health one of the top 15 health systems in the United States. Mission earned the recognition for its low rate of complications, low death rates and high marks on overall patient satisfaction, among other criteria.

Japanese company moving US headquarters to Cary

April 23, 2015

(The News & Observer, Raleigh)

CBC Americas, a subsidiary of a Japanese company with diverse operations, will move its U.S. headquarters from New York to Cary and open a distribution center in Mebane. The company plans to create 96 jobs and invest $3.5 million in North Carolina over five years.

State officials say legislators need to act on incentives bill

April 23, 2015

(News & Record, Greensboro)

Following reports that North Carolina isn't on the short list for Volvo's proposed U.S. auto plant, N.C. Commerce Secretary John Skvarla said the state won't have what it needs to attract an automaker unless the General Assembly passes legislation that would increase funds for job-development grants.
Related: SC Gov. Haley says she can drive Volvo deal alone

CEO of Extended Stay America earned 32% less in 2014

April 23, 2015

(The Charlotte Observer)

Jim Donald, CEO of Charlotte-based Extended Stay America, earned nearly 32% less in 2014 compared with 2013. Donald joined the company in 2012, the year before it went public ("The Suitcase CEO." August). Shares closed Wednesday at $20.17, slightly above the $20 price when the company went public.