Business

Texas hospital exec tapped as new Carolinas HealthCare CEO

February 11, 2016

(The Charlotte Observer)

Charlotte-based Carolinas HealthCare System named Eugene Woods its new chief executive officer. Woods, 51, is president and chief operating officer of Christus Health, an Irving, Texas-based group comprising more than 50 hospitals, and he is chairman-elect of the American Hospital Association. Longtime Carolinas HealthCare CEO Michael Tarwater will retire in June.

Blue Cross could exit ACA market

February 11, 2016

(The News & Observer, Raleigh)

Blue Cross and Blue Shield of North Carolina CEO Brad Wilson said the insurer could stop selling policies under the Affordable Care Act in 2017. The company is expected to report its second consecutive annual loss, despite raising rates in North Carolina by an average of 32.5% this year.

Wilmington's Live Oak Bank launches e-lending program

February 11, 2016

(Greater Wilmington Business Journal)

Live Oak Bank has completed the beta phase of its new e-lending program, which will allow small businesses within its existing industries to upload loan documents, fill out forms and electronically sign documents.

Randolph rezones megasite land for industrial use

February 11, 2016

(News & Record, Greensboro)

Randolph County commissioners voted 3-2 to rezone nearly 1,500 acres of a proposed megasite to allow for heavy industrial use. City and business leaders hope the site will attract an automaker or other large-scale manufacturer. The North Carolina Railroad Company said in January it was buying 875 acres of the site for $13 million.

CLT breaks passenger record in 2015

February 11, 2016

(The Charlotte Observer)

Charlotte Douglas International Airport saw 44.9 million passengers in 2015, up 1% from the previous year and up 59% from 10 years ago. About 80% of passengers use the airport for connecting flights.

16-story apartment tower planned for Raleigh's North Hills

February 11, 2016

(The News & Observer, Raleigh)

Kane Realty and KBS Realty Advisors will build Park Central, as 252,204-square-foot tower with 286 apartments and 36,400 square feet of ground floor retail at Raleigh's North Hills. The developers expect to complete construction this spring on an 18-story North Hills office tower.

NC fines Duke Energy $6.6M over coal-ash spill

February 10, 2016

(The News & Observer, Raleigh)

Two years after a stormwater pipe ruptured and 39,000 tons of coal ash flowed into the Dan River, the N.C. Department of Environmental Quality fined Duke Energy $6.6 million for violations related to the spill.

Advertisers won't snub 'sore loser' Newton

February 10, 2016

(The Charlotte Observer)

Cam Newton's sulking press-conference performance after the Super Bowl isn't likely to affect future endorsements, marketing experts say. Forbes estimated Newton earned $10 million in 2015 from endorsements including Under Armour, Beats by Dre and Belk. "I've been on the record to say I'm a sore loser," Newton said Tuesday.

Kellogg's considering $19.5M expansion in Cary

February 10, 2016

(The News & Observer, Raleigh)

The Cary Town Council will hold a public hearing Thursday to consider more than $216,000 in incentives for cereal- and snack-maker Kellogg's to expand its local facility. The company is considering a $19.5 million investment that would increase production; no new jobs are anticipated.

Carolinas HealthCare could name Tarwater's replacement Thursday

February 10, 2016

(The Charlotte Observer)

Carolinas HealthCare System could name its new CEO at a special board meeting Thursday morning. Michael Tarwater, who has led the Charlotte-based hospital system since 2002, is retiring in June.
Related: Carolinas HealthCare CEO was paid $6.6 million