Business

Robeson County has highest rate of ACA signups

October 3, 2014

(The News & Observer, Raleigh)

A UNC Chapel Hill analysis shows 49.9% of of eligible Robeson County residents enrolled for health insurance under the Affordable Care Act, the highest percentage in the state. The eastern N.C. county has the state's highest poverty rate according to 2013 U.S. Census estimates (cover story, September)

4,000 pigs destroyed in fire at Moore County farm

October 3, 2014

(The Fayetteville Observer)

An overnight fire destroyed a building housing 4,000 pigs at N.G. Purvis Farms in Robbins. Firefighters battled the blaze until about 3:00 a.m. Thursday morning.

NC DOT proposes demolishing Wilmington buildings for transportation hub

October 3, 2014

(StarNews, Wilmington)

The N.C. Department of Transportation wants to to demolish four buildings in a Wilmington historic district to make way for a downtown transportation center. The executive director of the Historic Wilmington Foundation says he plans to talk to state officials about incorporating one of the existing structures into the proposed center's plans.

 

CBS trades seven Charlotte radio stations

October 3, 2014

(The Charlotte Observer)

CBS Radio will trade seven Charlotte radio stations to Naples, Fla.-based Beasley Broadcast Group in exchange for stations in Philadelphia and Miami. The Charlotte stations account for 32% of listeners in the local market according to Nielsen's September rankings.

Novant to exit management of Gaffney, SC hospital

October 3, 2014

(Winston-Salem Journal)

Novant Health signed a letter of intent to allow a subsidiary of Franklin, Tenn.-based Community Health Systems acquire 125-bed Gaffney Medical Center in South Carolina.

Charlotte-based Carlisle Cos. acquires Singapore company for $195M

October 3, 2014

(The Charlotte Observer)

Carlisle Cos. paid $195 million for LHi Technology, a Singapore-based company that makes components for medical devices. The Charlotte-based manufacturer employs about 8,200 people worldwide, including about 80 in Charlotte.

Former Wake Forest Baptist CFO takes job in Detroit

October 3, 2014

(Winston-Salem Journal)

Edward Chadwick, who resigned as chief financial officer of Wake Forest Baptist Medical Center June 30, will become CFO of Henry Ford Health System in Detroit.

Innovation district unveiled in downtown Durham

October 2, 2014

(The News & Observer, Raleigh)

Developers revealed the first phase of the 1.7 million-square-foot Durham Innovation District on Wednesday. Duke University has already leased the Carmichael Building, part of a former tobacco warehouse that has been renovated into office and laboratory space. The project is being developed by Boston-based Longfellow Real Estate Partners and Durham-based Measurement Inc.

Moynihan elected chairman of Bank of America

October 2, 2014

(The Charlotte Observer)

CEO Brian Moynihan was named chairman of Bank of America's board, effective immediately. The Charlotte-based bank split the two roles in 2009 when CEO Ken Lewis was removed as chairman amid pressure from shareholders following the federal government's $45 billion bailout. Moynihan replaces Charles Holliday Jr.

Medical products manufacturer to lay off 200 in Burke County

October 2, 2014

(The News Herald, Morganton)

BSN medical will cut 200 jobs at its Rutherford College production plant beginning at the conclusion of the first quarter of 2015. The Hamburg, Germany-based company, which makes medical bandaging and compression stockings, plans to move the jobs to an existing plant in Mexico.