Business

Duke Energy to pay Virginia $2.5M coal-ash settlement

April 6, 2015

(The Charlotte Observer)

Duke Energy will pay $2.5 million to Virginia for its February 2014 coal-ash spill into the Dan River, bringing the utility's total costs related to the spill to nearly $150 million. Virginia will spend the majority of the money on environmental projects in areas affected by the spill.

Proposed merger of food distributors vexes Triangle restaurateurs

April 6, 2015

(The News & Observer, Raleigh)

Some Triangle restaurant owners worry a proposed merger between the nation's largest food service providers, Sysco and US Foods, will lead to higher prices. The FTC took steps to block the merger in February, and state attorney general Roy Cooper is expected to join 10 other states in opposing the combination of the two companies. The federal agency says the Charlotte and Triangle markets are among metro areas that would be most impacted by the merger.

Belk exploring possible sale

April 3, 2015

(The Charlotte Observer)

As part of a strategic planning process, Charlotte-based Belk Inc. — the nation's largest family-owned and operated department store — hired Goldman Sachs Group Inc. to examine the possibility of a sale.

Belk's biggest sale

Salix plans to cut 258 jobs

April 3, 2015

(The News & Observer)

Salix Pharmaceuticals is laying off 258 people at its Raleigh headquarters, the company announced Thursday, the same it was acquired by Laval, Quebec-based Valeant Pharmaceuticals for $11 billion.

Utility changes would cost Fayetteville $1.6M

April 3, 2015

(Fayetteville Observer)

Fayetteville City Manager Ted Voorhees said Thursday that proposed changes to the town's Public Works Commission would mean a $1.6 million shortfall next year. In response, Voorhees instituted a hiring freeze and requested plans for cuts of up to 10%.

Trinity Consulting acquired by New York firm

April 3, 2015

(The Charlotte Observer)

Trinity Consulting, a Charlotte-based risk-management and employee-benefits firm, has been acquired by New York-based NFP. Terms of the deal were not disclosed.

GSK plans R&D center in Maryland

April 3, 2015

(News & Observer)

GlaxoSmithKline, which has North American headquarters in Research Triangle Park, announced it will open a vaccines research center in Rockville, Md. The company said last week that it laid off 180 workers in North Carolina, in addition to 900 positions eliminated in December.

DENR: Coal-ash cleanup could begin in August

April 2, 2015

(News & Record, Greensboro)

The N.C. Department of Environment and Natural Resources said Duke Energy could begin excavating coal ash at its Riverbend Station near Mount Holly in late August.

Vidant announces new CEO

April 2, 2015

(The Daily Reflector, Greenville)

Vidant Health on Wednesday named Michael Waldrum CEO. Waldrum was most recently president and CEO of the University of Arizona Health Network. He replaces David Herman, who resigned in October and now leads Essentia Health in Duluth, Minn. Greenville-based Vidant employs 12,000 people and operates eight hospitals in eastern N.C.

Charlotte community foundation reports $1.7B in assets

April 2, 2015

(The Charlotte Observer)

The Foundation for the Carolinas plans to announce Thursday it now manages $1.7 billion in charitable assets, making it the ninth largest community foundation in the nation. The Charlotte-based foundation in 2014 raised $627 million, double the amount raised the previous year, and awarded grants totaling $316 million.