Business

UNC, NC State to offer joint degree in biomedical engineering

December 3, 2014

(The News & Observer, Raleigh)

UNC Chapel Hill and N.C. State University are planning to launch a joint degree in biomedical engineering. Pending approval from the UNC Board of Governors, the program could enroll its first students as early as next fall.

Greensboro's Prospect Brands buys menswear company

December 3, 2014

(Winston-Salem Journal)

Prospect Brands will acquire a majority interest in Midway, Ky.-based men's apparel-maker Crittendon & Co. The Greenboro-based company's brands include Duck Head and Gerbing, an outerwear manufacturer.

Analyst says Salix accounting problems "overdone"

December 3, 2014

(The News & Observer, Raleigh)

Analysts with Sterne Agee said Tuesday that Salix Pharmaceuticals' accounting concerns "may be overdone." The Raleigh-based drug-maker has lost 27% of its market value since restating drug-inventory levels in November. 

Duke Energy to solicit bids for coal-ash management

December 3, 2014

(The Charlotte Observer)

Duke Energy will seek proposals from researchers, universities and other industry specialists for beneficial ways to reuse coal ash. Interested bidders should submit their organization name and contact information to CoalAshReuse@duke-energy.com by Dec. 9. The company will accept proposals through Feb. 6, 2015.

GlaxoSmithKline said to be planning US job cuts

December 2, 2014

(The News & Observer, Raleigh)

GlaxoSmithKline is expected to announce U.S. job cuts as part of a corporate restructuring, according to a report from Bloomberg News. The London-based pharmaceutical company employs about 4,500 people at its North American headquarters in RTP and about 500 at a manufacturing plant in Zebulon.

Report: MetLife may move more workers to NC

December 2, 2014

(WRAL TechWire)

MetLife could move as many as 6,000 more workers to North Carolina from offices in New York and New Jersey, according to a report in The New York Post. The world's largest life-insurance company announced in 2013 it would move 2,300 jobs to Charlotte and Cary from various locations across the U.S. The company has not confirmed any additional job relocations.

Southern Season to open Mebane distribution center

December 2, 2014

(The Times News, Burlington)

The city of Mebane approved a $90,000 incentive package for Chapel Hill-based Southern Season to build a $5.8 million to $5.9 million distribution center by summer 2015. The company operates stores in Chapel Hill, Charleston, S.C., and Richmond, Va. and plans to add more stores. The distribution center will employ 45 workers.

Eden hospital cuts 22 positions, reduces hours for 160 employees

December 2, 2014

(RockinghamNow.com)

Morehead Memorial Hospital in Eden announced it will cut 22 jobs and reduce hours for 160 staff members. The hospital said it has experienced a 30% decrease in inpatient services over the past three years. Morehead eliminated 22 jobs in May. 

EPA plan draws criticism

December 2, 2014

(The Charlotte Observer)

Charlotte-based Duke Energy and the N.C. Department of Environment and Natural Resources joined other utilities and states in criticizing an Environmental Protection Agency plan to reduce carbon emissions 30% by 2030 compared with 2005 levels. 
Related: Duke Energy names communications chief 

BNC Bancorp completes acquisition of SC bank

December 2, 2014

(Winston-Salem Journal)

BNC Bancorp, parent company of Bank of North Carolina, has completed its $50.6 million acquisition of Charleston, S.C.-based Harbor Bank Group, giving the High Point-based bank a total of 51 branches in the Carolinas. BNC announced in November plans to acquire Valley Financial of Roanoke, Va. for $101.3 million. That deal is expected to close in the second quarter of 2015.