Business

Reynolds American to ban smoking in the workplace

October 23, 2014

(WRAL.com)

Beginning next year, Reynolds American will no longer allow employees to smoke cigarettes, cigars or pipes in offices and other common areas. The Winston-Salem-based cigarette maker will add indoor smoking areas for those who want to light up. The company will allow the use of electronic cigarettes and other smokeless tobacco products.

Wake Forest to end traditional MBA program

October 23, 2014

(The Charlotte Observer)

Wake Forest School of Business is discontinuing its traditional MBA program to focus exclusively on its program for working professionals, which has experienced double-digit growth in the last five years. The program offers evening and weekend classes at campuses in Charlotte and Winston-Salem.

Blue Cross says ACA rates to rise by 13%

October 23, 2014

(The News & Observer, Raleigh)

Blue Cross and Blue Shield of North Carolina said health insurance rates for plans under the Affordable Care Act will increase by an average of 13.5% next year. The state's largest health insurer covers 258,000 people under the federal health-care law.

Raleigh's TrustAtlantic Bank to be acquired for $80 million

October 23, 2014

(The News & Observer, Raleigh)

First Tennessee Bank will acquire Raleigh-based TrustAtlantic Bank for $80 million. Memphis-based First Tennessee has more than 180 branches, most in Tennessee, and opened its first Raleigh branch last year. TrustAtlantic has five branches in the Triangle and Greenville and had assets of $453 million as of Sept. 30.

Chiquita shareholders to vote on merger Friday

October 23, 2014

(The Charlotte Observer)

Dublin-based Fyffes has said it will keep most of the 320 jobs at Chiquita's Charlotte headquarters if its proposed merger is approved, while Brazilian companies Cutrale and Safra Group have not said what would happen with Charlotte's headquarters if shareholders approve its takeover offer.

 

Wilmington earns top spot on USA Today's list of best riverfront cities

October 23, 2014

(Greater Wilmington Business Journal)

Wilmington won USA Today's 10Best Reader's Choice contest for Best American Riverfront, edging out No. 2 Spokane, Washington. 

Some BofA customers double-billed using Apple Pay

October 23, 2014

(The Charlotte Observer)

Some Bank of America customers were double-billed for purchases made using the new Apple Pay mobile-payment system. A company spokeswoman say the bank is correcting the problem, which affected about 1,000 transactions, and customers who were double-charged will be refunded.

Imperial confirms new company formed in tobacco merger will be based in Greensboro

October 23, 2014

(News & Record, Greensboro)

The new company formed after Imperial Tobacco Group acquires several cigarette brands from Lorillard and Reynolds American as part of the companies' merger deal will be headquartered in Greensboro, the British company confirmed Tuesday.

SAS's Goodnight foresees continued growth in Cary

October 22, 2014

(The News & Observer, Raleigh)

SAS co-founder and CEO Jim Goodnight says he expects the company to add about 600 workers at its Triangle headquarters over the next three years. The business-analytics software company has added nearly 200 workers a year for the past five years. SAS unveiled a new 220,000-square-foot building on its Cary campus Tuesday morning.

Court of Appeals rules in favor of FirstHealth in fight over beds

October 22, 2014

(The Fayetteville Observer)

A three-judge panel of the N.C. Court of Appeals affirmed a lower-court ruling that will add 28 hospital beds at FirstHealth of the Carolinas' new Hoke County campus instead of at competitor Cape Fear Valley Health System's hospital in Fayetteville.