Business

Lumberton health system to partner with Campbell University

March 9, 2015

(The Fayetteville Observer)

Southeastern Health in Lumberton will team up with Campbell University to develop an emergency-medicine residency program for the university's Jerry M. Wallace School of Osteopathic Medicine, which focuses on training doctors for rural and underserved communities.

Bank bonuses vary for 2014

March 9, 2015

(The Charlotte Observer)

Some investment bankers are seeing bonuses increase as much as 15%, according to a report from New York-based consultant Johnson Associates. Mortgage bankers are expected to see lower bonuses, as many of the biggest lenders lost market share last year. Many lenders tie bonuses to losses or gains in market share.

Cary's SAS, Kimley-Horn make Fortune's list of best companies

March 6, 2015

(The News & Observer, Raleigh)

SAS slipped two spots to No. 4 on Fortune magazine's annual list of the best U.S. companies to work for. The Cary-based software company has appeared in the top 10 a dozen times and ranked second last year. Kimley-Horn and Associates, also based in Cary, was the only other North Carolina-based company on the list. The design consulting firm ranked No. 25.

BofA, BB&T pass federal stress tests

March 6, 2015

(The Charlotte Observer)

Bank of America, Wells Fargo and BB&T all met minimum capital requirements under the Federal Reserve's latest stress tests, which are designed to make sure the nation's largest banks would be prepared in the event of another economic crisis.

South Carolina a finalist for Volvo plant

March 6, 2015

(The Charlotte Observer)

South Carolina is a finalist for a Volvo auto plant, four state legislators told The State newspaper in Columbia. The plant would likely be located in the Charleston area, which also expects Daimler to announce this week plans for an expansion of its van-assembly plant that will add 1,000 jobs. London-based The Financial Times reported earlier this year that North Carolina and Kentucky were also pursuing the Swedish automaker's plant.

Pactiv adding 59 jobs in Kinston

March 6, 2015

(The News & Observer, Raleigh)

An Illinois-based packaging company will invest $24 million in its Kinston plant and will add 59 jobs. Pactiv makes cartons and other packaging products for companies including McDonald's, Wal-Mart and Kroger. The company employs more than 1,000 at six locations in North Carolina.

Judge denies Widen I77's injunction to stop toll lanes

March 6, 2015

(The Charlotte Observer)

A judge denied a citizens group's motion for a preliminary injunction that would have stopped a toll-lane project on Interstate 77 from Charlotte to Mooresville. Widen I77 said they are still seeking a permanent injunction against the project, which will add two toll lanes in each direction from the Brookshire Freeway in Charlotte to Exit 28 in Cornelius and one toll lane in each direction from Cornelius to Mooresville.

Targacept to be acquired by California drug company

March 6, 2015

(Winston-Salem Journal)

San Francisco-based Catalyst Biosciences will acquire Winston-Salem biotech company Targacept. Spun out of R.J. Reynolds Tobacco in 2000, Targacept's core research focuses on neuronal nicotinic receptors, which are found on cells throughout the body's nervous system. The company has reduced its workforce from 114 to about 30 employees since 2011. 

Southeastern lawmakers propose $66M for film grants

March 6, 2015

(StarNews, Wilmington)

Legislators from Brunswick and New Hanover counties introduced bills in the state House and Senate Thursday that would designate $66 for the state's film-incentive grant program. Gov. Pat McCrory's proposed budget only allocates $10 million for the grants. Wilmington Mayor Bill Saffo said last month the program would need $60 million per year to keep the level of business the industry had in 2014.

NY appeals court approves Bank of America's $8.5B mortgage settlement

March 6, 2015

(The Charlotte Observer)

A New York appeals court upheld Bank of America's $8.5 billion settlement with institutional investors over faulty mortgages. The mortgage securities were issued between 2004 and 2008 by Countrywide Financial, which BofA acquired in 2008.