Business

Graham moving accounts to BB&T

June 10, 2015

(The Charlotte Observer)

Franklin Graham will move accounts from Wells Fargo to BB&T, despite the Winston-Salem-based bank's sponsorship of a gay pride event in Miami earlier this year. Graham decided to switch banks after San Francisco-based Wells Fargo began airing an ad featuring a same-sex couple.

DENR orders Duke Energy to stop groundwater contamination

June 10, 2015

(Greater Wilmington Business Journal)

The N.C. Department of Environment and Natural Resources ordered Duke Energy to "take immediate action" to control coal-ash contamination at its Sutton plant in Wilmington after tests showed high levels of boron in monitoring wells. A Duke spokeswoman said the utility is awaiting state permits to begin closing the plant's ash basins.

Novant to expand Clemmons Medical Center

June 10, 2015

(Winston-Salem Journal)

Novant Health will invest $49 million in an expansion of Clemmons Medical Center. The expansion, which includes an unspecified number of inpatient beds and up to three operating rooms, will double the center's workforce to 200.

Carolinas HeathCare CEO to retire next year

June 10, 2015

(The Charlotte Observer)

Carolinas HealthCare System CEO Michael Tarwater will retire in June 2016, when his current contract expires. Tarwater, 61, has been an employee of CHS since 1981 and chief executive since 2002. During his career, the Charlotte-based health system has grown from 5,700 employees to 60,000 while annual revenue has increased from $94 million to $8.7 billion.

Montreat College welcomes students from Florida school

June 10, 2015

(Asheville Citizen-Times)

Montreat College has extended an offer for students of the shuttered Clearwater Christian College in Florida to transfer without delaying graduation or incurring additional costs. Each Clearwater student would receive a $6,000 award in addition to other financial aid for which the student may be eligible.

NC IDEA awards grants to five startups

June 10, 2015

(WRAL TechWire)

Durham-based nonprofit NC IDEA awarded grants totaling nearly $250,000 to five North Carolina-based startups. Recipients include a Cary-based online shoe club and a Raleigh-based coding tool for educators.

State lawmakers could scale back NC's growth in solar

June 10, 2015

(The Fayetteville Observer)

A group of about 500 construction workers who build solar farms met with legislators in Raleigh last week to support a 2007 law requiring utilities to get increasing amounts of their energy from renewable sources. Two separate measures being considered by the General Assembly would scale back that law.

Morrisville rock-climbing club earns national recognition

June 10, 2015

(The News & Observer, Raleigh)

Morrisville's Triangle Rock Club was named the U.S. Chamber of Commerce's 2015 DREAM BIG Small Business of the Year. Started in 2007, the company operates rock-climbing facilities in Morrisville, Raleigh and Fayetteville.

Franklin Graham calls for boycott of Wells Fargo, others

June 9, 2015

(The Charlotte Observer)

North Carolina evangelist Franklin Graham says he will move his ministries' bank accounts out of Wells Fargo because of the bank's ad featuring a same-sex couple. He did not disclose to which bank he was moving the accounts, which could total hundreds of millions of dollars. Graham said he will compile a list of companies that feature same-sex couples in ads and will encourage people to boycott those corporations.

Chapel Hill's Pozen moving headquarters to Ireland

June 9, 2015

(The News & Observer, Raleigh)

Chapel Hill-based Pozen will acquire Tribute Pharmaceuticals Canada for $146 million and will reincorporate in Ireland, which has a lower corporate tax rate. The company will change its name to Aralez Pharmaceuticals. Pozen will receive $300 million from investment-management firm Deerfield to establish the new company and support the launch of Yosprala, a treatment for heart disease and stroke patients.