Business

Wake Forest Baptist may cut 1,000 jobs

April 14, 2014

(The Winston-Salem Journal)

Wake Forest Baptist Medical Center could cut anywhere from several hundred to more than 1,000 jobs as early as this week, according to multiple company employees. The Winston-Salem-based hospital, Forsyth County's largest employer with about 13,000 employees, has cut 950 jobs since 2012 when it began a new initiative to reduce expenses.

Massive Philip Morris plant in Concord sold

April 14, 2014

(The Charlotte Observer)

The former Philip Morris cigarette plant in Concord has been sold to a company that plans a project involving clean energy. The 3.5-million-square-foot plant on 2,100 acres has been vacant since 2009. A spokesman for Victory Industrial Park LLC says more details will be released about the project in a few months.

Triad labs top state list for Medicare reimbursements

April 14, 2014

(The News & Record, Greensboro)

Three Triad clinical laboratories received the most Medicare reimbursements in North Carolina in 2012, with Burlington's LabCorp topping the list with $157 million. Two Greensboro labs, Ameritox and Solstas Lab Partners, came in second and third receiving $86.8 million and $77 million respectively. 

Heritage Home moving three top executives to High Point

April 14, 2014

(High Point Enterprise)

While St. Louis-based Heritage Home Group won't confirm speculation that it will move its headquarters to High Point, the company told the St. Louis Business Journal it will base three top executives there, including its chief marketing officer and senior vice-president of retail. 

Two more environmental groups oppose sale of N.C. State research forest

April 14, 2014

(Jacksonville Daily News)

Audobon North Carolina and the North Carolina chapter of the Sierra Club have joined at least nine other environmental groups opposed to the prospective sale of Hofmann Forest in Onslow and Jones counties. N.C. State University announced plans in October to sell the land, previously used for research and education, to an Illinois-based agribusiness for $150 million.

Information technology jobs up slightly in March

April 14, 2014

(The News & Observer, Raleigh)

The latest report from the N.C. Technology Association shows that technology job openings in the state were up 1.7% in March over the previous month, though the number of available jobs in the sector was still down 22.9% over a year ago.

Regions Bank promotes Katon, plans more hiring in Charlotte

April 14, 2014

(The Charlotte Observer)

Birmingham, Ala.-based Regions Bank selected Terry Katon to lead its capital markets business at its Charlotte office, which opened late last year. Katon joined the midsized bank, which has offices in 16 states and $117 billion in assets, from Bank of America in 2009.  

LabCorp relocating 975 workers from Burlington to McLeansville

April 14, 2014

(The Winston-Salem Journal)

LabCorp will relocate about 975 workers in its billing operations division to McLeansville, vacating five buildings in downtown Burlington. The company will not eliminate any jobs as a result of the move, which will begin in early 2015.

Northern Hospital names Cook interim CEO

April 14, 2014

(The Winston-Salem Journal)

Timothy Cook was named interim chief executive officer of Northern Hospital of Surry County. Cook was president and CEO of 321-bed Osceola Regional Medical Center in Kissimmee, Fla. for 14 years.  Former CEO Bill James left to become president of Wake Forest Baptist Health-Lexington Medical Center.  

Biotech and Internet stocks fall, bring Nasdaq down

April 11, 2014

(The News & Observer, Raleigh)

The Nasdaq fell 3.1% on Thursday as biotechnology and Internet stocks dropped. It was the index's worst day since November 2011. Investors have shifted recently to safer investments including utilities, health care and consumer staples as tech companies grow more expensive and regulators have increased scrutiny of drug costs.